The robots are coming! The robots are coming! Many social commentators raise alarms about impending technology induced job losses. The vision is dire — professional jobs in accountancy, law and medicine are all on the chopping block in the face of technical change that threatens to turn humanity into couch potatoes on minimum income, binge watching streaming TV. This … [Read more...] about The economy of useless things
Structural approach needed for budgets
This is the season for taxes and brave promises. Taxes are inevitable, but is it not time to ask our finance ministers to stop spinning fairy tales? On the left hand, many see government spending as good and taxes as financing the "essential" services of the modern public sector. On the other hand, those on the right advocate for reduced services and taxes, resulting in a … [Read more...] about Structural approach needed for budgets
Basic income, child benefits best bet to reduce poverty
Poverty — especially child poverty — is pernicious. The latest research reported in Scientific American shows children born into low-income situations experience a range of intellectual deficits compared to their counterparts raised in homes at a higher socioeconomic status (SES). Poverty is also persistent. Children born to a low-SES family start the foot race of … [Read more...] about Basic income, child benefits best bet to reduce poverty
Revisiting Manitoba’s basic-income experiment
There seems to be a persistent misunderstanding and mythology surrounding the Manitoba Basic Annual Income Experiment — or Mincome, as it came to be known. With the recent publication of a working paper on the Ontario Basic Annual Income and the universal basic income experiment about to begin in Finland, it is time to review Manitoba’s experience with a basic income, also … [Read more...] about Revisiting Manitoba’s basic-income experiment
University teaching methods mired in the past
With the cessation of the recent labour action by the University of Manitoba Faculty Association, it is an opportune time to reflect on why the strike occurred. It is tempting to see this issue in classic Marxist terms, where the workers (faculty with salaries ranging from $75,000 to $140,000 per year) defend their rights against administrators who have been captured by a … [Read more...] about University teaching methods mired in the past
Fallacies in analysing the impact of gas prices
Fallacies in gas price sensitivity Dec 27, 2017 Writing in the Financial Post, Terence Corcoran argues (read original article here) that gas prices have had no impact on the demand for gasoline. He presents the proof positive as the following chart This is a classic example of simultaneous equations bias, which typically occurs when one uses time series data to test a … [Read more...] about Fallacies in analysing the impact of gas prices
Forget rights, focus on obligations
Whenever I go for a walk, my feet each claim credit for any forward momentum. My right foot says it has all the initiative and is the real driver for my progress. It sometimes complains that my left foot just tags along, not doing the heavy lifting. My left foot replies that it plans where we should go and without its direction the right foot would carry me off … [Read more...] about Forget rights, focus on obligations
Rescuing economy requires risk, individual responsibility
So much gnashing of teeth has occurred in the last week as almost every pundit pours over survey data trying to understand what happened on November 8. Social commentators and other shamans sift through the entrails of our culture trying to make sense of the unthinkable election. Half of North America seems to be in grief counselling. The answer is much easier to … [Read more...] about Rescuing economy requires risk, individual responsibility
Political boundaries make little sense
I enjoy driving to Saskatchewan. As I pass Virden, I do not need the sign welcoming me to Saskatchewan to know I am in another province. No, I can tell by the quaint provincial costumes that so uniquely mark the provinces of Canada. The purple hats and the lime green leggings of Saskatchewan men are a sure tip-off that I am in a different place. This is … [Read more...] about Political boundaries make little sense
Affirmative action beneficial, but also risky
Affirmative action to revise outcomes is a bad idea. There… I have said the unthinkable. Now before my friends and colleagues strike me off their invitation lists and my inbox groans under the weight of inbound indignation, I need to explain myself. Read Full Article … [Read more...] about Affirmative action beneficial, but also risky