Category Archives: Business

The STEM “Crisis”

is a myth:

“If there was really a STEM labor market crisis, you’d be seeing very different behaviors from companies,” notes Ron Hira, an associate professor of public policy at the Rochester Institute of Technology, in New York state. “You wouldn’t see companies cutting their retirement contributions, or hiring new workers and giving them worse benefits packages. Instead you would see signing bonuses, you’d see wage increases. You would see these companies really training their incumbent workers.”

“None of those things are observable,” Hira says. “In fact, they’re operating in the opposite way.”

And even if there was, the notion that NASA would help it is ludicrous. Particularly if anyone thinks it’s going to do so by building rockets to nowhere.

Happy Marx Day

So why do we have a Labor Day anyway? What is it about “labor” that deserves a day off (isn’t that ironic) and a three-day weekend, but not (say) Entrepreneurs Day, or “People Who Have To Meet A Payroll” Day?

I know, I know, it was a reaction to some of the brutal labor practices and strikes of the later nineteenth century, particularly Pullman. But as Detroit exemplifies, we went too far in glorifying labor, and we don’t seem to care enough about the people who actually create the jobs, to the point of abuse. It’s not surprising that, in the wake of ridiculous overregulation (capped by ObamaCare) they’re going on strike, and we’re becoming a part-time nation, at best.