“the CCP has recently adopted policies intended to encourage the young generation to have more children. However it’s proving much more difficult to achieve this than it was to bully people to have less. A measure of Xi’s desperation is his de facto order last May that China’s 2 million military personnel must take part. The rest of the population are unimpressed by the various material incentives to increased fertility.
Like it or not, following Xi’s prolonged, ineffective Zero Covid lockdown the young people of China are increasingly inclined to passive resistance to the Party’s transactional interference in their private lives. Since the pandemic hit, Chinese social media have been full of nihilistic, disaffected exchanges between young people about the gap behind Xi’s fabricated ‘China Dream’ and their own hopeless existence. No amount of state censorship has stifled this.
The realities are stark. Last year, 11.6 bn Chinese graduates tried to enter the workforce. One in five is likely to remain unemployed. Others who did find work are victims to an obsolete ethic of unrewarded hard work and sacrifice. They prefer to do the bare minimum and abandon vain hopes of career advancement, an approach known as “lying flat”. Xi has singled this idea out for strong criticism but has nothing to offer in return. Worse still, in one speech he told the young five times to toughen up and learn to “eat bitterness”. They are not the least impressed by his exhortation to ‘seek self-inflicted hardships’ in the new economic normal.
Increasingly, Chinese people realise that their leaders have abandoned all pretence of a reliable social contract in justification for single-party rule. Neither they, nor the free citizens of Taiwan, have the least faith in talk of China’s “glorious rejuvenation”.”
https://www.yahoo.com/news/china-population-time-bomb-explode-080000262.html
https://www.politico.com/news/magazine/2024/01/12/donald-trump-indictments-legal-system-00135151
“When I asked the European ambassador to talk to me about America’s deepening partisan divide, I expected a polite brushoff at best. Foreign diplomats are usually loath to discuss domestic U.S. politics.
Instead, the ambassador unloaded for an hour, warning that America’s poisonous politics are hurting its security, its economy, its friends and its standing as a pillar of democracy and global stability.
The U.S. is a “fat buffalo trying to take a nap” as hungry wolves approach, the envoy mused. “I can hear those Champagne bottle corks popping in Moscow — like it’s Christmas every fucking day.””
…
“one former Arab ambassador who was posted in the U.S. during both Republican and Democratic administrations told me American politics have become so unhealthy that he’d turn down a chance to return.
“I don’t know if in the coming years people will be looking at the United States as a model for democracy,” a second Arab diplomat warned.”
https://www.politico.com/news/magazine/2024/01/15/what-foreign-diplomats-say-about-u-s-politics-behind-closed-doors-00135326
“the news agency Reuters published an eye-opening cybersecurity investigation bylined by Washington-based reporters and full of news of interest to Americans. But Americans aren’t allowed to read the story anymore — by order of a court in India.
It’s a disturbing turn of events that couldn’t have happened in the pre-internet era, when publishing — and censorship — were largely local affairs.”
…
““If you are the Iowa Daily Beagle, and you publish a story that upsets some company in India, that company can go to an Indian court and get whatever injunction they want,” said Charles Glasser, who spent 12 years as the global media counsel for Bloomberg News and is the author of a book on international libel law. “But if the Iowa Daily Beagle has no assets in India and does no business in India, they can’t do much. It becomes more of an issue for international publishers, like Reuters. They certainly have resources there, and they are subject to the jurisdiction of the Indian court.”
Of course, Glasser notes, publishers have the ability to geofence content, making it so that an American reader can access a certain page while an Indian reader cannot. But that can backfire. Particularly in a country with historic reasons to be prickly about Western condescension, a judge is likely to take it as a sign of disrespect if an order is ignored beyond the border — not a good move if you are facing trial.
The upshot: Readers in America, where prior restraint is forbidden and where courts won’t enforce foreign rulings that violate the First Amendment, are blocked from reading a story based on a legal complaint that would be tossed out of most American courts.”
https://www.politico.com/news/magazine/2024/01/19/india-judge-reuters-story-00136339
“Companies rushed to break ground on new factories in hopes of winning those federal incentives, driving industry spending on construction to record heights. And politically, Democratic advisers said, the building frenzy provides signs of progress that Biden can point to in nearly every state.
“By the end of the election, every voter in battleground states is going to hear this story about what he’s done to invest in America’s economic future,” said John Anzalone, the founder of Impact Research and a longtime Biden pollster. “That is just not a message that Trump has.”
Yet central to Biden’s story of a manufacturing comeback is the prospect of thousands of new jobs spurred by his new laws — and so far, those have been slow to materialize. While Biden often touts the nearly 800,000 manufacturing jobs created during his presidency, the vast majority came prior to passage of the IRA and CHIPS, when Americans’ surging demand for goods during the pandemic drove a rapid industry recovery.
Since then, hiring has stalled as the economy evened out, with manufacturing-centric swing states like Michigan, Wisconsin and Pennsylvania actually losing factory jobs in 2023.
Those conditions have left Biden selling a manufacturing jobs boom that may not arrive in full force until well after November. Most companies that broke ground after Biden’s economic bills became law in August 2022 won’t have their new plants up and running until later this year — at the earliest. In high-profile setbacks for the White House, chipmakers TSMC and Intel have both signaled plans to delay production at their newest U.S. factories until 2025.”
https://www.politico.com/news/2024/01/19/biden-manufacturing-factory-jobs-00136473
https://www.youtube.com/watch?v=GxBAIypC2OY
https://www.youtube.com/watch?v=vJ1HeHEFg_s
Cancelled for Defending Colonialism – Bruce Gilley
https://www.youtube.com/watch?v=pmo7M3Huz9I
https://www.youtube.com/watch?v=5V8t4pPbr4k
“If the burgeoning bargaining power of less-skilled workers comes at middle-class consumers’ expense in the short run, almost everyone stands to benefit from rising working-class wages in the long term.
Middle-class households can more easily afford servants in many developing countries than they can in the United States. Yet America’s middle class is nevertheless far wealthier than its counterparts in India or Pakistan. Even the privileged are generally better off in an economy with high levels of labor productivity than in one with a large pool of hyper-exploitable workers.
And there’s reason to believe that rising working-class wages are a key driver of productivity gains. When workers’ time is cheap, businesses have little incentive to develop labor-saving technologies or production methods. As wage bills rise, by contrast, innovation often becomes imperative.
Ironically, conservatives often cite this reality as an argument against increasing the minimum wage. Specifically, right-wing economists and commentators have often warned that raising the wage floor will cause employers to automate jobs away. Yet this is another way of saying that minimum wage hikes increase investment in productivity-enhancing technology (which is the ostensible aim of just about every Republican tax cut plan).
In any case, it is true that when wages rise at the bottom of the labor market, firms invest in labor-saving technology. In 2018, Grace Lordan and David Neumark demonstrated this empirically. Those economists reviewed 35 years of government census data, identified jobs that could be automated given existing technology, and found that after minimum wage increases were enacted, “the share of automatable employment held by low-skilled workers” declined. In other words, minimum wage hikes spurred capital investment and increased productivity by mechanizing tasks that did not require uniquely human skills.
The notion that high wages spur productivity gains is consistent with the American economy’s broader historical record. As Neil Irwin observed in 2018, productivity booms have tended to follow labor market booms, while deep recessions have given way to productivity slumps.
This relationship between wage gains and productivity can be witnessed within today’s food service industry. As Bloomberg’s Justin Fox notes, as restaurant wages jumped between 2020 and 2021, the sector’s output per worker hour soared by 21 percent.
In the short term, these productivity gains have not been sufficient to reduce restaurants’ operating costs and, thus, prices. But in the long term, when businesses increase the labor efficiency of their production processes, their wares tend to become more affordable.
A world of cheap burgers and high working-class wages is therefore possible. Middle-class consumers need not see the rising fortunes of less-skilled workers as a threat to their standard of living.
For the moment, though, there is a genuine tension between boosting compensation for America’s most vulnerable workers and minimizing the cost of labor-intensive services for the nation’s consumers. Precisely how liberals can best navigate this tension isn’t easy to say. At the very least, though, we should not encourage our fellow Americans to mistake the symptoms of rising worker power for those of a deepening economic crisis.”
https://www.vox.com/politics/2024/1/9/24027094/fast-food-prices-wages-mcdonalds