Tag: Business

Employers Do Not Systematically and Persistently Pay Women Less than Men for Equally Valuable Work »

The quality of economic journalism in the United States is terrible. Day after day, journalists write about the causes and consequences of economic conditions and events without understanding the underlying economics of the situation, and their articles are, as a rule, simply bunk. Here is an example. I have not examined the actual report…
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The Gender Wage Gap—A Myth that Just Won’t Die »

This past year I was on the academic job market, applying for faculty positions at a variety of colleges and universities. As a woman making a critical career move, I’ve been up to my eyeballs in cover letters, resumes, statistics about cost of living, state income taxes, health insurance, and, of course, salary information….
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Half of State Medical Boards Perform Poorly When Licensing Out-of-State Doctors »

A new research article in the Telemedicine and E-Health Journal shows how difficult state regulatory barriers are making it for doctors to practice effective telemedicine. Telemedicine embraces technologies as diverse as surgeons operating robots remotely, radiologists reading scanned images remotely, or psychiatrists conducting therapy sessions via videoconference. One barrier to effective adoption of telemedicine…
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Sorry, Your Minimum Wage Law Is a Nightmare »

The minimum wage is an economic nightmare. Let’s say it one more time, with feeling. The minimum wage is an economic nightmare. In the recent elections, voters throughout the U.S. took to the polls to elect their political leaders. Winners and losers were decided, the Republicans took control of the Senate, and pundits eagerly…
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Death Valley? Peter Thiel and Steve Jobs on What Could Kill Silicon Valley »

On January 27, legendary entrepreneur Peter Thiel told a packed house at an Independent Institute luncheon, at the Olympic Club in San Francisco, that to blaze new trails ask: “What important truth do very few people agree with me on?” One of mine is that California will not be the epicenter of the tech…
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Peter Thiel’s Contrarian Manifesto »

[Editor’s Note: The Independent Institute is hosting a sold-out event, “Developing the Developed World: Entrepreneurship, Liberty, and the Future,” with Peter Thiel on Tuesday, January 27, 2015.] “Every moment in business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a…
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Employers Who Dump Workers onto Medicaid: The New Corporate Welfare Queens? »

There have been a lot of predictions about the future of employer-based health benefits under Obamacare. Reports suggest that increasing numbers of small businesses are dropping health benefits and sending their employees to Obamacare’s insurance exchanges, where they are partially subsidized. Other businesses have found a bigger cost-shifting approach. BeneStream, a new benefits advisor,…
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No Jobs Bump from Obamacare »

Last Friday’s employment report demonstrated once again that Obamacare is not having the effect that the health services industry overall hoped for: Employment in health care is increasing at pretty much the same pace as in the rest of the economy. There is no evidence of an Obamacare jobs bump.

I, Nutella »

“The lesson I have to teach is this: Leave all creative energies uninhibited. Merely organize society to act in harmony with this lesson. Let society’s legal apparatus remove all obstacles the best it can. Permit these creative know-hows freely to flow. Have faith that free men and women will respond to the Invisible Hand….
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Last week’s GDP Estimate Included a Massive Upward Revision in Health Spending »

Last week’s third estimate of 3rd quarter GDP contained a significant upward revision to the real (inflation-adjusted) increase in GDP, from a 3.9 percent in the second estimate (released in November) to 5.0 percent in the third estimate. November’s second estimate of 3rd quarter GDP included very tempered growth in health spending. The third estimate blows…
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