Productivity
While I am having lunch, check out this very cool chart porn on Productivity via Brian Jacobs:
Wednesday, May 07, 2008 | 01:30 PM | Permalink
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Wage growth is the lowest in measured history. Including the 1930s. Care to guess why? I read some economist who said that and labor participation was because people wanted to stay home and make babies. That is really a good one. You mean in their foreclosed home?
This is getting a little scary. I had my house robbed last week. And, so have other people where I live. The police said theft is off the charts. A buddy of mine who is in the construction business said people are going to churches and large buildings and stealing the air conditioners for the copper tubing. He said NOW THESE CENTERS THAT RECYCLE METALS ARE REQUIRING FINGERPRINTS AND PICTURE ID.
His son lost his house two years ago and hasn't made a payment since yet is still living there because the bank doesn't want the house empty. Two builders I know said they have removed the chattel from their show homes because people are breaking in to steal refrigs, ranges, etc.
Most crime is based on economics. But, hey, it's all good. Just hire more police officers. We don't need to create jobs. Just need more people to control the mob.
Posted by: bdg123 | May 7, 2008 1:57:28 PM
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