Daniel B. Wood has an article in the Christian Science Monitor, link provided by Ken Jarboe. This arena contains where Americans are going to revitalize Our economy. Specific trained Labor will return Production to the U.S. from offshoring. Nothing else can return a significant number of Workers back to the labor force. Economists continue to insist on discrimination against Unskilled labor by suppression of the Minimum Wage; a short-sighted view which increases Welfare payments with reduced Taxation. Gary Becker may present the worst Case and avenue to get qualified labor. Overpopulation reduces the overall quality of life, and generates worse longterm labor shortages.
Alex Tabarrok criticizes the artisanal nature of Medicine, and Arnold Kling asserts Education suffers the same dilemma. Neither seem to understand that both areas need a Uniform National Standards Board, whose duty was to dictate what is current acceptable practice for the Practitioners. Dean Baker also comes in with a sharp critique of both the Media and Medicine.
Why is this avenue not considered? Creation of Mandating at the Practitioner level would not reduce Innovation or Research. The main obstruction comes in the form of the downward pressures exerted on Wages and Salaries in these areas. Still, We need more labor assets certified in these areas.
Tim Haab asks what exactly composes a free market economy. His argument also applies to determinations of Standards, as well as Wage levels. Private Cartels of both Labor and Business currently decide Wage and Salary standards, and Consumers suffer from overCharges and inefficiency of Skill levels. We spend too much to get too little. Readers should preview the list provided by Political Calculations with the warning I have not read much of the Posts, and probably disagree with a great deal. It will provide other than outright Media views and orthodox thought. lgl
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