Unemployment as a balancing act between workers ‘fearing the sack’ and employers ‘fearing the quit,” with employers usually winning out.
Recent Items
Monday, December 8, 2025
Rethinking Unemployment: From Adam Smith to Marx “Reserve Army of the Unemployed” to the Neoliberal War on Full Employment
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Social policy, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:17 am | 50 Comments »
2:00PM Water Cooler 6/4/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 95 Comments »
Ranked Choice and Most-Least Voting
Ranked choice voting is getting a following in America. But how does it work in practice compared to similar-seeming systems like most-least?
Topics: Banana republic, Dubious statistics, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 61 Comments »
Links 6/4/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 195 Comments »
Bezzle Watch: “1099s and Tenderness” – Papa Health Has Wacky Ideas About Elder Care
Papa Health makes no sense as a business, not that that’s a barrier to a few rounds of fundraising.
Topics: Guest Post, Health care, Ridiculously obvious scams
Posted by Yves Smith at 6:54 am | 6 Comments »
Decisions Finally Coming in Long-Running Battle with Hedge Fund Titans in Kentucky Pension Case, Mayberry v. KKR
Mayberry v. KKR, centering on the alleged abuse of the clueless Kentucky Retirement Systems by Wall Street titans, may finally restart.
Topics: Banana republic, Hedge funds, Investment management, Legal, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 6:52 am | 4 Comments »
How Third-Party Auditors Make Oil Industry Fraud Possible
Oil companies hire accountants to legitmate inflated financial claims. Investors and regulators are targeting these auditors for fraud.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Environment, Free markets and their discontents, Global warming, Guest Post, Investment management, Legal, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:13 am | 4 Comments »
2:00PM Water Cooler 6/3/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 117 Comments »
Driver’s License Suspensions for Failure to Pay Fines Inflict Particular Harm on Black Drivers
Yet another way that biased policing does financial harm to blacks and people of color.
Topics: Guest Post, Income disparity, Legal, Social policy, Social values
Posted by Yves Smith at 9:55 am | 15 Comments »
Links 6/3/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 120 Comments »
CalPERS Desperate Response to Suit Over Illegal Secret Board Discussions and Other Abuses Seeks to Drag Case Out as Long As Possible
CalPERS’ intelligence-insulting answer to former board member Jelincic’s transparency lawsuit says that CalPERS is just dragging things out.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal
Posted by Yves Smith at 6:54 am | 16 Comments »
How Is Your Economy?
One of our periodic reader queries as to what they make of the state of the economy based on local sightings.
Topics: Economic fundamentals, Pandemic
Posted by Yves Smith at 6:53 am | 94 Comments »
Why Colombia Has Erupted in Protest
The pandemic exacerbated intolerable poverty and economic distress in Colombia. As repression mounts, is there any way out?
Topics: Banana republic, Doomsday scenarios, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics
Posted by Yves Smith at 12:14 am | 15 Comments »
2:00PM Water Cooler 6/2/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 95 Comments »
Little-Known Illnesses Turning Up in Covid Long-Haulers
Yet more types of long Covid damage, this one particularly debilitating.
Topics: Doomsday scenarios, Guest Post, Health care, Pandemic, Science and the scientific method
Posted by Yves Smith at 9:55 am | 17 Comments »


