Random links
- Factory Jobs Gain, but Wages Retreat
- "... for a new generation of blue-collar workers, even those protected by unions, the price of employment is likely to be lower wages stretching to retirement." Should this surprise you? Not all that much I'd suggest. "The wages for the new hires, however, are $10 to $15 an hour less than the pay scale for hourly employees already on staff — with the additional concession that the newcomers will not catch up for the foreseeable future." The wonderful results of union labor and entrenched interests. Still seems like not a bad reason to shut the factory down. Maybe the city's incentives to operate factories should be seen as only subsidizing the income paid these older workers? Yay, intergenerational wealth transfer...
- [Congressional Research Service] on Income Inequality
- "The poorest 20% of tax filers experienced a 6% reduction in income while the top 0.1% of tax filers saw their income almost double. Tax filers in the middle of the income distribution experienced about a 10% increase in income ... overall income inequality would likely have increased even in the absence of tax policy changes."
- A Single Boeing 777 Engine Delivers Twice the Horsepower of All the Titanic's
- " Bangalore Aviation points out that a single GE90-115B engine puts out over 110,000 horsepower, or more than twice the design output of all the Titanic's steam engines." As one of the commentators noted you should include that "Steam engines have very high force multipliers (think Newton) and jets have very low force multipliers."
- The Dumbest Idea In The World: Maximizing Shareholder Value
- The stock market versus the real market. Worth a read.