|Dangerous Crime Family Uncovered in Britain||Laffer Curve vs. Phillips Curve|
by Christopher Chantrill
March 11, 2006 at 7:45 am
HERE IS ASTONISHING news from China. In Shenzhen in south China, they have got themselves a labor shortage, according to Jane Macartney of the London Times.
There are only nine workers available for every ten jobs on offer in Guangdong and the situation is getting worse.
And it is not just that workers are scarce. They are also choosy about where they work.
The days of sweatshop labour may be numbered. Workers have mobile phones and word soon goes round of any mistreatment. Mr Chen said: If you are a profitable company then you must offer good working conditions. The business environment is very different now, and a factory owner cant expect to earn profits out of the mouths of his workers.
Cell-phones, eh. Who knew?
The same thing is happening in India. I talked with an Delhi architect in the fall of 2004 and he said that Indian companies are finding that they cant find enough labor when they open factories near Delhi. So they have to build further out from the big cities.
It seems that in East and South Asia the same cycle that Europe and America experienced is repeating itself, although on a blisteringly fast track. Initially, when industrialization starts, workers are frequently abused and exploited. But after a time, they no longer have to take whatever is on offer, and the exploitation fades away.
How exactly does that work, and how can we adjust institutions to mitigate and minimize the problem? Two hundred and fifty years after the start of the industrial revolution, we still dont really know.
Do labor unions, wage and hour laws, child labor laws really help? We really dont know.
What we do know is that after a period of initial exploitation the workers emerge into prosperity.|
When we began first to preach these things, the people appeared as awakened from the sleep of agesthey seemed to see for the first time that they were responsible beings, and that a refusal to use the means appointed was a damning sin.
Finke, Stark, The Churching of America, 1776-1990
In 1911... at least nine million of the 12 million covered by national insurance were already members of voluntary sick pay schemes. A similar proportion were also eligible for medical care.
Green, Reinventing Civil Society
We have met with families in which for weeks together, not an article of sustenance but potatoes had been used; yet for every child the hard-earned sum was provided to send them to school.
E. G. West, Education and the State
Law being too tenuous to rely upon in [Ulster and the Scottish borderlands], people developed patterns of settling differences by personal fighting and family feuds.
Thomas Sowell, Conquests and Cultures
The primary thing to keep in mind about German and Russian thought since
1800 is that it takes for granted that the Cartesian, Lockean or Humean scientific and
philosophical conception of man and nature... has been shown by indisputable evidence to be
F.S.C. Northrop, The Meeting of East and West
Inquiry does not start unless there is a problem... It is the problem and its
characteristics revealed by analysis which guides one first to the relevant facts and then,
once the relevant facts are known, to the relevant hypotheses.
F.S.C. Northrop, The Logic of the Sciences and the Humanities
But I saw a man yesterday who knows a fellow who had it from a chappie
that said that Urquhart had been dipping himself a bit recklessly off the deep end.
Dorothy L. Sayers, Strong Poison
I mean three systems in one: a predominantly market economy; a polity respectful of the rights of the individual to life, liberty, and the pursuit of happiness; and a system of cultural institutions moved by ideals of liberty and justice for all.
In short, three dynamic and converging systems functioning as one: a democratic polity, an economy based on markets and incentives, and a moral-cultural system which is plural and, in the largest sense, liberal.
Michael Novak, The Spirit of Democratic Capitalism
The incentive that impels a man to act is always some uneasiness...
But to make a man act [he must have]
the expectation that purposeful behavior has the power to remove
or at least to alleviate the felt uneasiness.
Ludwig von Mises, Human Action
[In the] higher Christian churches... they saunter through the liturgy like Mohawks along a string of scaffolding who have long since forgotten their danger. If God were to blast such a service to bits, the congregation would be, I believe, genuinely shocked. But in the low churches you expect it every minute.
Annie Dillard, Holy the Firm
When we received Christ, Phil added, all of a sudden we now had a rule book to go by, and when we had problems the preacher was right there to give us the answers.
James M. Ault, Jr., Spirit and Flesh
The recognition and integration of extralegal property rights [in the Homestead Act] was a key element in the United States becoming the most important market economy and producer of capital in the world.
Hernando de Soto, The Mystery of Capital
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