Austan Goolsbee points out that the Supply-side rhetoric still lacks a real flair of honesty. What evidence of Gain which can be garnered may be countered by other downside factors, which are given little play by Supply-Siders. The whole issue actually has little flavor as the argument has gone on for some Generations now. The real compelling Point for me is the functional freezing of Income for the 90% of Labor. We all can understand the possibilities of Labor Substitution, but should such substitution functionally freeze Labor Costs in place? Conservative Economists, especially Supply-Siders, assert that the heavy inequality of Reward is the main drive of the Economy. Is it? This is the Question which must be answered, before We can properly assess the impact of Taxes on this Wealth-building. I suspicion that the real culprit in the novel is the intermixture of Payroll and Equity, which always led to the downfall of the Laboring Class; and here you thought that the Butler did it.

One reason for the freeze in Labor Wages can be found potentially in this article, which basically accounts how Corporations force the Cost of countering Greenhouse Gas emissions lower into the Supply Chain, onto the small Companies which make up that Chain. It is the smaller companies who are the labor-intensive elements of the Production cycle, and large Corporations are forcing their utilization of Profits to meet the larger Corporations Greenhouse Gas emission standards, rather than to allow those Profits to flow to Labor participation at the lower level. The Goal of the large Corporations wears a good Public face, but will undoubtedly wipe out Growth and Wage Growth potential at the lower level; all while the larger Corporations are lauded for their monopolistic purchasing pattern. Most of what glitters is actually Fool’s Gold!

One cannot blame Environment Concerns for everything, though, as this article will describe. Slowing vessels and turning to alternative Energy-sourcing will not only cut Emission and Fuel Costs, but the transference will basically bring higher Labor Costs. The Equipment must be serviced, and more machinery and longer voyage times bring higher Wages to employees. Good for the Environment does not have to mean Bad for Labor. I am toying with Vessel concepts of elevated generator risors and submerged current swells to generate electrical power for new electric motors. All of such Toys require huge Manpower hours to design, build, and supervise during Operation; all of which is done at actual Savings to Ships and Owners. lgl