My weekly reading for April 14, 2024

Here are some highlights of my weekly reading from the week that just passed.

Written by Kyle D. Fee and Brian A. Mikelbank, Federal Reserve Bank of Cleveland; Community development reportFebruary 23rd, 2:24 am.

excerpt:

Based on our analysis, if only half of drivers equipped with DRS complied with its requirements, more than 830,000 Ohioans could be at risk of leaving the workforce. This equates to 14.4 percent of the workforce. The labor market in metropolitan areas, along with nonmetropolitan areas in southern Ohio, will be hit hardest by the labor exodus. Compared to the rest of the country, new jobs in Ohio often require a driver’s license, and this requirement is becoming more and more common. It is becoming common to require a driver’s license as a condition of employment in almost every field. This reflects the mobility challenges that exist in areas that are underserved by public transportation, and is especially true in suburban, suburban, and rural economies. Additionally, employer driver’s license requirements tend to be highest in middle- and low-wage occupations, demonstrating the importance of driver’s licenses to this segment of the workforce, while at the same time the lack of a driver’s license is a barrier to economic mobility. It highlights what can be a barrier. There is a risk of receiving DRS.

Our analysis shows that these suspensions, especially when combined with increased driver’s license requirements, make it more difficult for a significant portion of Ohioans to find and keep a job; It has been suggested that this instability is also affecting the economy as a whole. If the labor force decreases, fewer people will be employed, and fewer people will produce and consume goods and services.

Note: I posted about this issue in November 2013. I quoted one of my students. “No one wins by making it harder for individuals who owe money to make money.”

Written by Colin Grabow, Kato at LibertyApril 10, 2024.

Myth 1. U.S. manufacturing has collapsed.. Mr. Rubio’s call for stronger government intervention to rebuild domestic manufacturing suggests the sector is in dire straits. Mr. Rubio has twice referred to the “collapse of American manufacturing” and what he calls a “serious effort to rebuild American industry.” But all his premises are wrong. Domestic manufacturing is doing pretty well.

whether it is measured in terms of Added value or output, U.S. manufacturing is at or near record levels.The United States accounts for a larger share of global manufacturing output than any other country except China, and its output is larger than Germany, India, Japan, and South Korea. Combined. Total US manufactured goods exports in 2022 Approximately $1.6 trillioninclude tens of billions Automotive, medical devices, integrated circuits, and aerospace each have their own value. In 2021, the United States will be the world’s 4th largest steel manufacturer, second largest with car manufacturers maximum Aerospace exporter.

Written by Edward McSpeddon wall street journalApril 5, 2024 (Gated)

excerpt:

An objective look at the engineering feats required reveals many reasons for optimism. The approach structures – elevated roads on either side of the main channel that carry traffic over the water to the bridge’s center span – appear to have suffered little damage. Even pillars directly struck by ships may be able to be rebuilt using some or all of the existing foundations.

The most severely damaged part of the bridge was the 1,200-foot-long main span superstructure. This is a structural steel “truss” that carries the road above the water at the center of the ship’s channel. This “clear span” eliminates the need for underlying supports that impede navigation. Damaged steel truss components can be quickly replicated using design information already available from the current bridge. These subcomponents can be prefabricated into larger subassembly units offsite, onshore, or in dry dock.

Please pay attention to the title. journal it says so shouldn’t It’s time consuming, but it’s not I don’t It takes a long time.

The photo above is Marco Rubio.