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Labor Economics - Sticky Wages, Mobility, and the Minimum Wage

Alex Merced discusses how the Liberals and Democrats champion the labor or working class but actually advocate policy that hurts the people at the very bottom they are trying to help.
Категория: News & Politics
Время: 00:07:44.250
Теги: Labor Working Class Minimum Wage Mobility Economics Wages Inflation Deflation Liberty
 

Sticky Wages

PLEASE LIKE, FAVORITE, EMBED AND LINK TO THIS VIDEO! PLEASE SUBSCRIBE TO MY CHANNEL FOR MORE! Twitter: ow.ly Facebook: ow.ly Newsletter: ow.ly YouTube: ow.ly Website: ow.ly Email: educatingamericayoutube@hotmail.com Why does a reduction in demand reduce output rather than prices and wages? Although in the early 1980s some workers accepted reductions in wages and benefits in the hope of protecting jobs, this adjustment is uncommon. There are several reasons why it is more common to sacrifice workers and protect wages. In this episode of Educate America Now, we talk about this issue. This article talks about Sticky Wages Some More: ingrimayne.com
Категория: News & Politics
Время: 00:01:01.500
Теги: Sticky Wages john Maynard keynes economics supply markets aggregate labour minimum wage agreements unions labor laws angry mobs of workers pay compensation
 

AP Macroeconomics Unit 3 - Part 4

Sticky wages and prices, The Ratchet Effect
Категория: Education
Время: 00:07:10.500
Теги: AP Macroeconomics Unit Part
 

38 econ the real wage and AS

gives the sticky-wage theory of aggregate supply
Категория: Education
Время: 00:08:10.500
Теги: real wage aggregate supply sticky wages unit labor costs
 

Quantitative Easing and Unemployment

The Free Enterprise Cartoon Bears discuss quantitative easing and unemployment. The Maynard Keynes and the Ben Bernanke, take some heat. Bernanke said unemployment was one of his reasons to use quantitative easing (inflation). He has not explained how or why it should work now, when it didn't work in the 1970's, when both inflation and unemployment went up. The "sticky wages" of the Maynard Keynes do not address the real problem, which is decreased purchasing power, caused by the huge household debt of about $14 Trillion' plus the huge national debt of about $14 Trillion. Made with Xtrnormal Movie Maker. *** 1) Stagflation, 1970s Style www.investopedia.com 2) Sticky Wages, Sticky Prices and the Keynesians 12-15-10 economix.blogs.nytimes.com 3) Household Sector: Liabilites: Household Credit Market Debt Outstanding (CMDEBT) research.stlouisfed.org 4) Federal Government Debt: Total Public Debt (GFDEBTN) research.stlouisfed.org 5) Bernanke vs. Sticky Wages www.dailyreckoning.com.au 6) The General Theory of Employment, Interest and Money John Maynard Keynes (1936) www.marxists.org Chapter 17 has some sticky wages stuff: "Thus those reformers, who look for a remedy by creating artificial carrying-costs for money ... have been on the right track; and the practical value of their proposals deserves consideration. ... I conclude, therefore, that the commodity, in terms of which wages are expected to be most sticky, cannot be one whose elasticity of production is not least, and for ...
Категория: Film & Animation
Время: 00:05:04.500
Теги: free enterprise quantitative easing inflation unemployment xtranormal mr. tugwit mr mrtugwit economy economics bernanke maynard keynes the fed recession federal reserve central planning cartoon bears collapse crisis keynesian sticky wages national government debt stagflation general theory employment income money
 

"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthem

Go to econstories.tv for EconStories content and materials. Produced by Emergent Order. Visit us at http Econstories.tv is a place to learn about the economic way of thinking through the eyes of creative director John Papola and creative economist Russ Roberts. In Fear the Boom and Bust, John Maynard Keynes and FA Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it. Get the full lyrics, story and free download of the song in high quality MP3 and AAC files at: econstories.tv Plus, to see and hear more from the stars of Fear the Boom and Bust, Billy Scafuri and Adam Lustick, visit their site www.billyandadam.com Music was produced by Jack Bradley at Blackboard3 Music and Sound Design. It was composed and performed by Richard Royston Jacobs. http **Charging Bull© Arturo DiModica, 1998
Категория: News & Politics
Время: 00:05:39.750
Теги: Economics Macroeconomics John Maynard Keynes Friedrich August Von Hayek FA Hayek Keynesianism Austrian Business Cycle Theory Stimulus Bailouts Payoffs The Federal Reserve Ben Bernanke Timothy Geithner Alan Greenspan The Great Depression The Great Recession Unemployment Sticky Wages Liquidity Trap Capital Structure Monetary Policy Money and Banking Interest Rates Digging Ditches War Pyramids Credit Government Spending Deficits Debt Canon 7D
 

"Fear the Boom and Bust" - Simon Dixon

www.simondixon.org Simon Dixon discusses in this interview, for the upcoming film '97% owned' by queueupolitely, the boom and bust trap. Monetary Reform and economics with Simon Dixon. Learn how the Monetary Reform movement has evolved during the financial crisis and why economics may have been the justification behind the financial crisis. Simon Dixon discusses in this interview on economics and monetary reform http
Категория: News & Politics
Время: 00:02:59.250
Теги: Economics Macroeconomics John Maynard Keynes Friedrich August Von Hayek FA Hayek Keynesianism Austrian Business Cycle Theory Stimulus Bailouts Payoffs The Federal Reserve Ben Bernanke Timothy Geithner Alan Greenspan The Great Depression The Great Recession Unemployment Sticky Wages Liquidity Trap Capital Structure Monetary Policy Money and Banking Interest Rates Digging Ditches warpyramids Credit Government Spending Deficits Debt Simon Dixon Benedix
 

Thomas Rustici talks to Alasdair Macleod

Subscribe to our newsletter at www.goldmoney.com Thomas Rustici, Professor at George Mason University, and Alasdair Macleod, of the GoldMoney Foundation, talk about the European sovereign debt crisis and how it foreshadows similar problems in the USA. A central bank is a monopolistic, central planning agency, with all the implications that this has for the quality of its product. They talk about monetary policy and its flaws. They talk about labour market rigidity and "sticky wages" as deliberate policy. They talk about the European Union and how it has fallen prey to regulatory capture and has morphed from a free market into a mercantilist structure controlled by special interests. They talk about the cost of regulation and how the cost is borne by employees and consumers, not companies, which merely collect. This interview was recorded on October 20th 2011.
Категория: Howto & Style
Время: 00:15:54
Теги: Alasdair Macleod Thomas Rustici buy gold central banks fiat currency gold coins euro crisis dollar crisis interview video
 

Does Keynesian economics commit the "Broken window" fallacy?

Long story short, no, at least most of the time it doesn't. Keynesian economics only prescribes large amounts of fiscal and monetary stimulus when the economy suffers from unemployment due to a deflationary recession. Some people, let's call them "pseudo-keynesians" will abuse keynesian economics to argue for perpetual government spending or artificially high wages for unionized labor at all times. These people are wrong, from the standpoint of the economy as a whole, for their prescriptions really do commit the broken-window fallacy because money spent on government functions, or artificially high wages, could have been used for other enterprises. In the village of Bastiat's thought experiment, if the village is suffering from a deflationary recession, the hooligan who broke the window really should be praised, for he really did stimulate the economy
Категория: News & Politics
Время: 00:05:24.750
Теги: keynesian economics deflationary recession sticky wages fiscal stimulus obama krugman chicago school federal reserve bank the gold standard is terrible idea
 

The cost of regulation

Watch the full 21-minute video at www.goldmoney.com Thomas Rustici, Professor at George Mason University and Alasdair Macleod, of the GoldMoney Foundation, talk about monetary policy and its flaws. They talk about labour market rigidity and "sticky wages" as deliberate policy. They talk about the European Union and how it has fallen prey to regulatory capture and has morphed from a free market into a mercantilist structure controlled by special interests. They talk about the cost of regulation and how the cost is borne by employees and consumers, not companies, which merely collect.
Категория: Education
Время: 00:09:04.500
Теги: Alasdair Macleod Thomas Rustici buy gold central banks silver price fiat currency gold standard euro crisis dollar crisis regulation interview video
 
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