Yes of course, manufacturing has been declining in the US due to many things, The prime one being exportation of jobs to countries which have less Overhead than the US. This however is different as there may be a miscount occurring. The Fed believes we may be shedding more jobs than what is being accounted […]

Many years ago, I had a Cultural Anthropology professor who discussed the glories of the mechanical cherry-picker. The only catch was that (1) it had upfront and maintenance costs and (2) it performs less well than experienced cherry-pickers. In short, it would be useful if you have a shortage of labor and an excess of […]

by Tom Bozzo, cross-posted from Marginal Utility Competition in (increasing) service quality doesn’t reduce costs: Dane County’s two hospitals that deliver babies are each spending close to $40 million to spruce up maternity units and related facilities for a simple reason: Young women are key health care consumers, often deciding where their families will seek […]