American Economics Thread

Strangelove

Colonel
Registered Member
America will beat China with (really) young talent....and its completely fine; democratic child labor/exploitation is totally ethical and legal. Those who oppose child labor are depriving kids of professional opportunities and freedom.


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Kids could fill labor shortages, even in bars, if these lawmakers succeed​


By Harm Venhuizen

MADISON, Wis. (AP) — Lawmakers in several states are embracing legislation to let children work in more
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, for more hours on school nights and in expanded roles, including serving alcohol in bars and restaurants as young as 14.
The efforts to significantly roll back labor rules are largely led by Republican lawmakers to address worker shortages and, in some cases, run afoul of federal regulations.
Child welfare advocates worry the measures represent a coordinated push to scale back hard-won protections for minors.
Related coverage
“The consequences are potentially disastrous,” said Reid Maki, director of the Child Labor Coalition, which advocates against exploitative labor policies. “You can’t balance a perceived labor shortage on the backs of teen workers.”

Lawmakers proposed loosening child labor laws in at least 10 states over the past two years, according to a
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published last month by the left-leaning Economic Policy Institute. Some bills became law, while others were withdrawn or vetoed.

Legislators in Wisconsin, Ohio and Iowa are actively considering relaxing child labor laws to address worker shortages, which are driving up wages and contributing to inflation. Employers have struggled to fill open positions after a spike in retirements, deaths and illnesses from COVID-19, decreases in legal immigration and other factors.

The job market is one of the tightest since World War II, with the unemployment rate at 3.4% — the lowest in 54 years.

Bringing more children into the labor market is, of course, not the only way to solve the problem. Economists point to several other strategies the country can employ to alleviate the labor crunch without asking kids to work more hours or in dangerous settings.

The most obvious is allowing more legal
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, which is politically divisive but has been a cornerstone of the country’s ability to grow for years in the face of an
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. Other strategies could include incentivizing older workers to delay retirement, expanding
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and making child-care more affordable, so that parents have greater flexibility to work.

In Wisconsin, lawmakers are backing a proposal to
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in bars and restaurants. If it passed, Wisconsin would have the lowest such limit nationwide, according to the National Institute on Alcohol Abuse and Alcoholism.

The Ohio Legislature is on track to pass a bill allowing students ages 14 and 15 to work until 9 p.m. during the school year with their parents’ permission. That’s later than federal law allows, so a companion measure asks the U.S. Congress to amend its own laws.

Under the federal Fair Labor Standards Act, students that age can only work until 7 p.m. during the school year. Congress passed the law in 1938 to stop children from being exposed to dangerous conditions and abusive practices in mines, factories, farms and street trades.

Republican Arkansas Gov. Sarah Huckabee Sanders signed a law in March eliminating permits that required employers to verify a child’s age and a parent’s consent. Without work permit requirements, companies caught violating child labor laws can more easily claim ignorance.

Sanders later signed separate legislation raising civil penalties and creating criminal penalties for violating child labor laws, but advocates worry that eliminating the permit requirement makes it significantly more difficult to investigate violations.

Other measures to loosen child labor laws have been passed into law in New Jersey, New Hampshire and Iowa.

Iowa Republican Gov. Kim Reynolds signed a law last year allowing teens aged 16 and 17 to work unsupervised in child care centers. The state Legislature approved a bill this month to allow teens of that age to serve alcohol in restaurants. It would also
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. Reynolds, who said in April she supports more youth employment, has until June 3 to sign or veto the measure.

Republicans dropped provisions from a version of the bill allowing children aged 14 and 15 to work in dangerous fields including mining, logging and meatpacking. But it kept some provisions that the Labor Department says violate federal law, including allowing children as young as 14 to briefly work in freezers and meat coolers, and extending work hours in industrial laundries and assembly lines.

Teen workers are more likely to accept low pay and less likely to unionize or push for better working conditions, said Maki, of the Child Labor Coalition, a Washington-based advocacy network.

“There are employers that benefit from having kind of docile teen workers,” Maki said, adding that teens are easy targets for industries that rely
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such as immigrants and the formerly incarcerated to fill dangerous jobs.

The Department of Labor reported in February that child labor violations had increased by nearly 70% since 2018. The agency is increasing enforcement and asking Congress to allow larger fines against violators.

It fined one of the nation’s largest meatpacking sanitation contractors
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after investigators found the company illegally employed more than 100 children at locations in eight states. The child workers cleaned bone saws and other dangerous equipment in meatpacking plants, often using hazardous chemicals.

National business lobbyists, chambers of commerce and well-funded conservative groups are backing the state bills to increase teen participation in the workforce, including Americans for Prosperity, a conservative political network and the National Federation of Independent Business, which typically aligns with Republicans.

The conservative Opportunity Solutions Project and its parent organization, Florida-based think tank Foundation for Government Accountability, helped lawmakers in Arkansas and Missouri draft bills to roll back child labor protections, The Washington Post reported. The groups, and allied lawmakers, often say their efforts are about expanding parental rights and giving teenagers more work experience.

“There’s no reason why anyone should have to get the government’s permission to get a job,” Republican Arkansas Rep. Rebecca Burkes, who sponsored the bill to eliminate child work permits, said on the House floor. “This is simply about eliminating the bureaucracy that is required and taking away the parent’s decision about whether their child can work.”

Margaret Wurth, a children’s rights researcher with Human Rights Watch, a member of the Child Labor Coalition, described bills like the one passed in Arkansas as “attempts to undermine safe and important workplace protections and to reduce workers’ power.”
 

paiemon

Junior Member
Registered Member
America will beat China with (really) young talent....and its completely fine; democratic child labor/exploitation is totally ethical and legal. Those who oppose child labor are depriving kids of professional opportunities and freedom.


Please, Log in or Register to view URLs content!

Kids could fill labor shortages, even in bars, if these lawmakers succeed​


By Harm Venhuizen

MADISON, Wis. (AP) — Lawmakers in several states are embracing legislation to let children work in more
Please, Log in or Register to view URLs content!
, for more hours on school nights and in expanded roles, including serving alcohol in bars and restaurants as young as 14.
The efforts to significantly roll back labor rules are largely led by Republican lawmakers to address worker shortages and, in some cases, run afoul of federal regulations.
Child welfare advocates worry the measures represent a coordinated push to scale back hard-won protections for minors.
Related coverage
“The consequences are potentially disastrous,” said Reid Maki, director of the Child Labor Coalition, which advocates against exploitative labor policies. “You can’t balance a perceived labor shortage on the backs of teen workers.”

Lawmakers proposed loosening child labor laws in at least 10 states over the past two years, according to a
Please, Log in or Register to view URLs content!
published last month by the left-leaning Economic Policy Institute. Some bills became law, while others were withdrawn or vetoed.

Legislators in Wisconsin, Ohio and Iowa are actively considering relaxing child labor laws to address worker shortages, which are driving up wages and contributing to inflation. Employers have struggled to fill open positions after a spike in retirements, deaths and illnesses from COVID-19, decreases in legal immigration and other factors.

The job market is one of the tightest since World War II, with the unemployment rate at 3.4% — the lowest in 54 years.

Bringing more children into the labor market is, of course, not the only way to solve the problem. Economists point to several other strategies the country can employ to alleviate the labor crunch without asking kids to work more hours or in dangerous settings.

The most obvious is allowing more legal
Please, Log in or Register to view URLs content!
, which is politically divisive but has been a cornerstone of the country’s ability to grow for years in the face of an
Please, Log in or Register to view URLs content!
. Other strategies could include incentivizing older workers to delay retirement, expanding
Please, Log in or Register to view URLs content!
and making child-care more affordable, so that parents have greater flexibility to work.

In Wisconsin, lawmakers are backing a proposal to
Please, Log in or Register to view URLs content!
in bars and restaurants. If it passed, Wisconsin would have the lowest such limit nationwide, according to the National Institute on Alcohol Abuse and Alcoholism.

The Ohio Legislature is on track to pass a bill allowing students ages 14 and 15 to work until 9 p.m. during the school year with their parents’ permission. That’s later than federal law allows, so a companion measure asks the U.S. Congress to amend its own laws.

Under the federal Fair Labor Standards Act, students that age can only work until 7 p.m. during the school year. Congress passed the law in 1938 to stop children from being exposed to dangerous conditions and abusive practices in mines, factories, farms and street trades.

Republican Arkansas Gov. Sarah Huckabee Sanders signed a law in March eliminating permits that required employers to verify a child’s age and a parent’s consent. Without work permit requirements, companies caught violating child labor laws can more easily claim ignorance.

Sanders later signed separate legislation raising civil penalties and creating criminal penalties for violating child labor laws, but advocates worry that eliminating the permit requirement makes it significantly more difficult to investigate violations.

Other measures to loosen child labor laws have been passed into law in New Jersey, New Hampshire and Iowa.

Iowa Republican Gov. Kim Reynolds signed a law last year allowing teens aged 16 and 17 to work unsupervised in child care centers. The state Legislature approved a bill this month to allow teens of that age to serve alcohol in restaurants. It would also
Please, Log in or Register to view URLs content!
. Reynolds, who said in April she supports more youth employment, has until June 3 to sign or veto the measure.

Republicans dropped provisions from a version of the bill allowing children aged 14 and 15 to work in dangerous fields including mining, logging and meatpacking. But it kept some provisions that the Labor Department says violate federal law, including allowing children as young as 14 to briefly work in freezers and meat coolers, and extending work hours in industrial laundries and assembly lines.

Teen workers are more likely to accept low pay and less likely to unionize or push for better working conditions, said Maki, of the Child Labor Coalition, a Washington-based advocacy network.

“There are employers that benefit from having kind of docile teen workers,” Maki said, adding that teens are easy targets for industries that rely
Please, Log in or Register to view URLs content!
such as immigrants and the formerly incarcerated to fill dangerous jobs.

The Department of Labor reported in February that child labor violations had increased by nearly 70% since 2018. The agency is increasing enforcement and asking Congress to allow larger fines against violators.

It fined one of the nation’s largest meatpacking sanitation contractors
Please, Log in or Register to view URLs content!
after investigators found the company illegally employed more than 100 children at locations in eight states. The child workers cleaned bone saws and other dangerous equipment in meatpacking plants, often using hazardous chemicals.

National business lobbyists, chambers of commerce and well-funded conservative groups are backing the state bills to increase teen participation in the workforce, including Americans for Prosperity, a conservative political network and the National Federation of Independent Business, which typically aligns with Republicans.

The conservative Opportunity Solutions Project and its parent organization, Florida-based think tank Foundation for Government Accountability, helped lawmakers in Arkansas and Missouri draft bills to roll back child labor protections, The Washington Post reported. The groups, and allied lawmakers, often say their efforts are about expanding parental rights and giving teenagers more work experience.

“There’s no reason why anyone should have to get the government’s permission to get a job,” Republican Arkansas Rep. Rebecca Burkes, who sponsored the bill to eliminate child work permits, said on the House floor. “This is simply about eliminating the bureaucracy that is required and taking away the parent’s decision about whether their child can work.”

Margaret Wurth, a children’s rights researcher with Human Rights Watch, a member of the Child Labor Coalition, described bills like the one passed in Arkansas as “attempts to undermine safe and important workplace protections and to reduce workers’ power.”
Let's be honest, the kind of kids who are going to be in these situations are the ones who can least afford to be (i.e., lower income families, single parent families. immigrants, unaccompanied minors, etc). If anyone thinks sexual harassment or predatory behavior in the the kind of industries that would employ this labor is bad now, just wait until you get teenage staff serving alcohol to grown men.
 

Strangelove

Colonel
Registered Member
No surprises and makes perfect sense, Ponzi schemes originated from the US.


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US debt a pyramid scheme – Russia’s top MP​

State Duma Chairman Vyacheslav Volodin accuses Washington of defrauding other nations

US debt a pyramid scheme – Russia’s top MP

© Getty Images/Diy13

Senior Russian lawmaker Vyacheslav Volodin has branded the US federal government debt a global pyramid scheme that is heading for an inevitable collapse. The comments come as Washington struggles to agree on raising its debt ceiling to avoid a default.

“Just think about it, in 2023 interest payments on the US debt could reach $1.5 trillion – almost a third of all US budget revenue!” Volodin, who serves as chairman of Russia’s lower house of parliament, said in a Telegram post on Friday.

“The US public debt is a global financial pyramid, built by Washington to defraud other nations,” the State Duma member wrote. “History has shown that all pyramid schemes eventually fail,” he added, warning that the dollar is becoming toxic.

Countries dependent on the US dollar should start looking for alternatives such as national currencies, to reduce risks for their citizens, Volodin concluded.

The US government faces a default on its $31 trillion in debt if lawmakers fail to raise the federal borrowing limit. US Treasury Secretary Janet Yellen warned Congress earlier this week that bills can’t be paid if the debt ceiling is not raised by June 1.

Reuters reported on Thursday that President Joe Biden and top Republican lawmaker Kevin McCarthy were edging close to a deal on the debt ceiling but have yet to agree on cuts to discretionary spending, which powers a wide range of military and domestic programs.
Russia started settling trade deals with its partners in national currencies after the US effectively cut it off from dollar-denominated trade as part of sanctions arising from Moscow’s military operation in Ukraine.

Russian Prime Minister Mikhail Mishustin said on Wednesday that the ruble and the yuan are now dominating trade between Russia and China, and are used in 70% of mutual payments.
 

HighGround

Senior Member
Registered Member
Definitely nothing going on here:

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Efficient and honest use of money:

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Fake it until you make it:

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Just saying, but most papers can't be replicated. So it's not like this is a unique phenomena.

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The problem, it turned out, was not with Marcus Munafo's science, but with the way the scientific literature had been "tidied up" to present a much clearer, more robust outcome.
"What we see in the published literature is a highly curated version of what's actually happened," he says.
"The trouble is that gives you a rose-tinted view of the evidence because the results that get published tend to be the most interesting, the most exciting, novel, eye-catching, unexpected results.
"What I think of as high-risk, high-return results."

The reproducibility difficulties are not about fraud, according to Dame Ottoline Leyser, director of the Sainsbury Laboratory at the University of Cambridge.
That would be relatively easy to stamp out. Instead, she says: "It's about a culture that promotes impact over substance, flashy findings over the dull, confirmatory work that most of science is about."
She says it's about the funding bodies that want to secure the biggest bang for their bucks, the peer review journals that vie to publish the most exciting breakthroughs, the institutes and universities that measure success in grants won and papers published and the ambition of the researchers themselves.

Of course whenever China has
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, suddenly it's because China is doing "fake" research.

China has led the world in research output in recent years, thanks to huge investments in research and development. But most of these “discoveries” have never been verified, and there are growing doubts in government, the research community and the general public about their scientific or practical value.

The double standard is quite funny, but anyway. Lack of reproducibility is an issue in scientific research in general.
 

fatzergling

Junior Member
Registered Member
Just saying, but most papers can't be replicated. So it's not like this is a unique phenomena.

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Of course whenever China has
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, suddenly it's because China is doing "fake" research.



The double standard is quite funny, but anyway. Lack of reproducibility is an issue in scientific research in general.
but China BADDDDDD.... china can't innovate ..... china is full of cheaters and copycats /s

meanwhile most graduate studies in the us are conducted by chinese/indians, with the (usually) white PI's profiting off their work.
 

FairAndUnbiased

Brigadier
Registered Member
Just saying, but most papers can't be replicated. So it's not like this is a unique phenomena.

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Of course whenever China has
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, suddenly it's because China is doing "fake" research.



The double standard is quite funny, but anyway. Lack of reproducibility is an issue in scientific research in general.
I've known about the double standards for a long time. But there is something specific about biotech. The problem is most severe in biological and especially medical sciences.

Chemistry, physics, geology and engineering is a bit different. It's often fairly obvious whether something worked or not. Sometimes it's as easy as looking outside.

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41586_2016_BF533452a_Fige_HTML.jpg
 

HighGround

Senior Member
Registered Member
I've known about the double standards for a long time. But there is something specific about biotech. The problem is most severe in biological and especially medical sciences.

Chemistry, physics, geology and engineering is a bit different. It's often fairly obvious whether something worked or not. Sometimes it's as easy as looking outside.

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41586_2016_BF533452a_Fige_HTML.jpg
I expect China to eventually confront and solve this issue faster than the West.

And I hope that happens, China is going to be giving my country lots of wakeup calls soon.
 

BlackWindMnt

Captain
Registered Member
I've known about the double standards for a long time. But there is something specific about biotech. The problem is most severe in biological and especially medical sciences.

Chemistry, physics, geology and engineering is a bit different. It's often fairly obvious whether something worked or not. Sometimes it's as easy as looking outside.

Please, Log in or Register to view URLs content!

41586_2016_BF533452a_Fige_HTML.jpg
LOL how will they ever industrialise or exploit frontier technology on scale. If someone else can't reproduce it.

It does make it easy to look as if your still producing science. I can still remember how they laughed at chinese fake papers like 8 years ago.
 
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