Some Links

by Don Boudreaux on February 28, 2020

in Current Affairs, Data, Hubris and humility, Myths and Fallacies, Politics, Regulation, Standard of Living, Work

Here’s the third thread in Scott Winship’s demolition of Oren Cass’s Cost-of-Thriving Index.

And here’s Michael Strain on some of the several flaws that run throughout Cass’s Index. A slice:

An unfortunate undercurrent in this discussion is the implication that women’s participation in the labor force has been a disappointing social development, hurting families and reducing marriage rates. And there is also the claim that many women are working because it takes two incomes to finance a middle-class life. This is Cass’s conclusion.

But this likely gets the causation backward. Take education as an example. Lots of factors affect its price. One is higher incomes. As a society gets richer, its willingness to spend on these services increases. And as the demand for education services goes up, driven by higher incomes, so does its price. (Indeed, Cass’s chart shows what single- and dual-earner households choose to buy, and compares it with what one male earner makes.) And we have already seen that male workers have experienced significant wage gains.

Also taking issue, but from a unique angle, with Oren Cass’s analysis is Dan Mitchell.

David Harsanyi writes realistically about comparisons of the United States to Denmark.

Jeffrey Tucker reflects on the most-recent Democratic “debate.

Alberto Mingardi doesn’t share Pierre Lemieux’s optimism.

My intrepid Mercatus Center colleague Veronique de Rugy celebrates jurisdictional competition and the liberating effects that it has for workers and consumers.

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