Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Wage Growth

Britain: For the Love of God, Please Stop David Cameron

On May 7 (this Thursday), Britain has a general election. I care deeply about British politics–I did my BA over there and will return to do my PhD there this fall. But more importantly, David Cameron’s government has managed the country’s economy with stunning fecklessness, and I couldn’t live with myself if I didn’t do my part to point this out.

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Money and Motivation: A Shocking Contradiction

Frequently, we are told by the right that progressive taxation is bad policy, that it diminishes the motivation of entrepreneurs and “job creators”.  But what is the relationship between money and motivation? Does more income lead to higher productivity? It turns out, if you phrase the question correctly, the answer is already well known, and the implications of that answer comprise today’s topic.

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Welfare and Wage Slavery

Recently, Barack Obama was accused of “gutting welfare reform” in some of Mitt Romney’s ads of which the following is an example:

This has been widely recognised as a distortion; PolitiFact calls it a “pants on fire” lie. In reality, Obama is allowing state governments to waive certain parts of the welfare reform’s performance measures in favour of alternatives, provided that there is evidence that the state is achieving the principle aim of the reforms–putting people on welfare to work.

That’s all widely known at this point. What I’d like to talk about today is why we really would be better off if Obama had in fact gutted American welfare reform. It’s a bold claim, and not a very politically popular one in the times in which we live, but hear me out. I propose that a welfare system with no demand or encouragement to reenter the workforce is in fact better for the capitalist system.

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