We need a higher unemployment rate. It's not just that I like Kevin Rudd somewhat, and that the economic action is concentrated in water trading (and carbon trading). I am being selfish in this instance because a higher unemployment rate is good for small business owners. Ok, so it's not so good for the country as a whole, nor for the newly unemployed, but quite frankly, that's their problem. Kevin Rudd's IR policies are not laid down in stone, but the noises are in the direction of winding back selected workchoice legislation. What would be typical in Australian election campaigns is that the wind back is "minimalised" by the policy wonks. This is a strategy to maximise votes. Why advertise a complete windback when any windback more than the Liberals are promising will achieve the vote of the interested individual.
The "Labour supply shortfall" is an illusion based on the "lump of labour" fallacy. Low unemployment rates have the tendency to give that illusion. The difficulty in finding employees is real, and scaring (all the other) employers away from hiring is the only realistic avenue to making it easier. The unfair dismissal legislation is the obvious choice for a minimalist windback. This will scare the bejeepers out of most small businesses from employing (or even to dismissing while it is still legal) while my own analysis shows these fears to be somewhat overplayed or irrational. This is why on balance it would play in my individual favour.
Showing posts with label fear. Show all posts
Showing posts with label fear. Show all posts
Saturday, April 21, 2007
Monday, January 29, 2007
Subliminal messages in "documentaries"
An Inconvenient Truth:
Scientific message: Anthropogenic Global Warming is real and dangerous.
Subliminal message: George Bush kills innocent animals.
Supersize Me:
Scientific message: Fast food outlet policies are unhelpful for losing weight.
Subliminal message: McDonalds is evil.
Farenheit 9/11:
Political science Message: The events of September 11th should not have resulted in war against Iraq.
Subliminal message: George W Bush is an evil warmongerer.
Scientific message: Anthropogenic Global Warming is real and dangerous.
Subliminal message: George Bush kills innocent animals.
Supersize Me:
Scientific message: Fast food outlet policies are unhelpful for losing weight.
Subliminal message: McDonalds is evil.
Farenheit 9/11:
Political science Message: The events of September 11th should not have resulted in war against Iraq.
Subliminal message: George W Bush is an evil warmongerer.
Thursday, January 18, 2007
The problem with fear
It often comes up in arguments about global warming, Y2k bugs and nuclear armageddon. People feel vindicated in sending and propagating alarmist arguments, whether or not the aftermath ends up completely benign or not. For the Y2k bug for instance, people who wildly exaggerated the dangers felt that it turned out well at least in part because fear focused peoples minds to fixing the problems. I will argue right here and now that widespread fear is neither sufficient nor necessary to "fix" global warming (I'm using the word fix loosely, to indicate the avoidance of civilisation threatening disaster). The example I am going to use is Easter Island and the emptying of the Aral sea. These are the kind of situations we are trying to avoid with the Earth in a sense. There was very likely widespread fear in both of these cases. The math/science was not very hard to work out and well within the grasp of the citizens involved. The problem on Easter Island was in one sense statutory - given the location of the island, human nature, and the technologies and cultures they had at the time, the island was doomed from when the first settlement took place. The problem is easily described in game theory as the "tragedy of the commons", and the various "fixes" are completely "structural" in nature. They generally involve some kind of "ownership" of the common resource (ownership leads to good stewardship by correctly valuing it), and a central arbitration of competing interests on the resource. In other words if applied to global warming, the Kyoto protocol, carbon trading, and the continuing measurement and tracking of all the variables is vital and probably sufficient if it doesn't completely break down in acrimony. The continuing risk is both cheaters, and a lack of central authority which may enforce aspects in the future. Fear, as it stands may not even be helpful, as it breeds mistrust of any future central arbitrer.
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