Index Investing News
Thursday, March 26, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

My Weekly Reading – Econlib

by Index Investing News
October 29, 2023
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Here are some highlights from my weekly reading.

Colin Grabow, “United States Remains a Manufacturing Powerhouse,” Cato at Liberty, October 25, 2023.

Excerpt:

Simply put, the United States remains a manufacturing powerhouse. In 2020 it was the world’s fourth‐​largest steel producer and in 2021 was the second‐​largest automaker and largest aerospace exporter. Accounting for nearly 16 percent of global manufacturing output in 2021—second only to China, which has four times the population of the United States—the US had a greater share than Japan, Germany, and South Korea combined. By itself, the US manufacturing sector would constitute the world’s eighth‐​largest economy.

This ability to produce more stuff with fewer workers reflects the incredible productivity of US workers. Measuring manufacturing value added on a per‐​worker basis shows Americans to be the world leader at over $141,000. That’s 45 percent higher than second‐​place South Korea and over seven times that of workers in China. Such high productivity helps explain why manufacturing attracted over $55 billion in foreign direct investment last year—more than any other sector.

 

Matthew Sedacca, “Unaccompanied migrant kids seen selling candy in NYT subways: ‘Shameful, disgusting, blatant child abuse’”, New York Post, October 7, 2023.

Excerpt:

Mothers with tots strapped to their backs in slings rarely raise straphangers’ eyebrows as they drift across subway cars and platforms to sell candy bars, some of whom bring in at most $80 a day.

The reporter seems to think that $80 a day is not a large amount for a migrant from Central or South America.

Alex Nowrasteh, “Hamas’ Attack in Israel Doesn’t Reveal Much About U.S. Border Security,” Reason, October 25, 2023.

Excerpt:

The U.S.-Mexico border is a chaotic mess. In the fiscal year ending in September, Border Patrol had 2,045,838 encounters with unlawful border crossers—the second highest in history.

There are three explanations for the border chaos. The first is the incredible U.S. demand for immigrant labor. Since President Joe Biden took office, there have been an average of about 10.4 million nonfarm job openings per month compared to just 6.7 million during the Trump administration. Second, U.S. immigration laws allow in very few legal immigrants. Third, the Biden administration has broadcast mixed messages that sometimes unintentionally encourage dangerous travel to the border.

Grant Starrett, “Why Teenagers Should Earn Money,” Grant Reads Books, October 25, 2023.

Except:

Talk to a father about why his progeny plays sports and he may light up. His child may not get much play time nor play at an especially elite level – the kid may even kick up more grass than goals – but sports build character. Players learn about teamwork and responsibility, the discipline of setting and achieving goals, and perseverance through disappointment. Sports offer the opportunity to demonstrate leadership and practice time management. Sports keep kids focused and out of trouble. And of course sports keep kids moving (at least during practice, benchwarmers might note). All of these qualities teach life lessons and set kids up eventually for employability.

Of course, so does being employed. Athletics and arts may be fun – or not (imagine loving one and being forced to participate in the other) – but they lead to lots of dreams and very little employment in those actual fields. Children are encouraged, often pressured, to take on extracurriculars for alleged intrinsic benefits, for the entertainment of parents (and/or daycare until they get off work themselves), for the employment of a particular class of teachers, and for the arbitrary amusement of college admissions officers. How many teenagers are given an honest choice to directly benefit from their own (“child”) labor by getting paid? How many schools make it as easy to sign up for jobs as they do for teams? [bold in original]

 

 



Source link

Tags: EconlibReadingWeekly
ShareTweetShareShare
Previous Post

MicroStrategy’s Michael Saylor Shows By U.Today

Next Post

Permian Resources, Chord Energy, Magnolia Oil may be next M&A targets – analyst

Related Posts

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

The Match That Lit the Flame: Hannah Senesh and the Creation of Modern Israel (with Matti Friedman)

by Index Investing News
March 24, 2026
0

0:37Intro. Russ Roberts: Today is January 18th, 2026, and my guest is journalist and author, Matti Friedman. This is Matti's...

At the Money: Billionaire Divorce Planning

At the Money: Billionaire Divorce Planning

by Index Investing News
March 20, 2026
0

    At the Money: Divorce Planning for the Ultra Wealthy (March 18, 2026) DESCRIPTION:   Divorce is difficult under the...

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

The Economics of Scarcity and the UNC-Duke Basketball Game (with Michael Munger)

by Index Investing News
March 16, 2026
0

0:37Intro. Russ Roberts: Today is January 4th, 2026, and my guest today is Michael Munger. This is Mike's 51st appearance...

At The Money: Pursuing Alpha through Exchange-Traded Funds

At The Money: Pursuing Alpha through Exchange-Traded Funds

by Index Investing News
March 12, 2026
0

     At The Money: Finding Alpha via Unique ETF Strategies  (March 12, 2026) If you want market performance...

EconLog Price Theory: Housing Quantity and Price

EconLog Price Theory: Housing Quantity and Price

by Index Investing News
March 8, 2026
0

This is the latest in our series of posts in our series on price theory problems with Professor Bryan Cutsinger....

Next Post
Permian Resources, Chord Energy, Magnolia Oil may be next M&A targets – analyst

Permian Resources, Chord Energy, Magnolia Oil may be next M&A targets - analyst

Helix Energy stock stumbles amid ineffective capital reinvestment By Investing.com

Helix Energy stock stumbles amid ineffective capital reinvestment By Investing.com

RECOMMENDED

Demi Lovato Urges Teens Struggling With Mental Health to Ask For Help

Demi Lovato Urges Teens Struggling With Mental Health to Ask For Help

May 19, 2023
Spring rains arrive; Ukrainian defenders put together for probably ‘decisive’ battles

Spring rains arrive; Ukrainian defenders put together for probably ‘decisive’ battles

April 13, 2022
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News

Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News

November 30, 2022
zkSync Is About to Launch Its Mainnet 2.0. Here’s What to Expect

zkSync Is About to Launch Its Mainnet 2.0. Here’s What to Expect

October 31, 2022
UBS Group AG: Regulatory Tightness Might Enhance (NYSE:UBS)

UBS Group AG: Regulatory Tightness Might Enhance (NYSE:UBS)

March 25, 2025
Licences for OTT services will hamper India’s digital revolution

Licences for OTT services will hamper India’s digital revolution

November 10, 2022
Jeffrey Rogers Hummel on Slavery

Jeffrey Rogers Hummel on Slavery

December 27, 2022
What’s more likely to transfer the market

What’s more likely to transfer the market

September 5, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In