FREE WHITEWATER

Employment

Mentoring

When a small community like Whitewater comes to rely on hundreds of non-resident commuters to provide services (for city, schools, or university), those commuters will have a different work relationship than resident workers. (About these workers see The Commuter Class.) Many will be less attached to the community (as they’ve freely chosen to live elsewhere…

Federal Reserve Chair Powell’s Interview on Economic Recovery

Last night, 60 Minutes broadcast an interview with Federal Reserve Chairman Jerome Powell in which Powell discussed current economic conditions and prospects for recovery. (Powell sat for the interview on Wednesday, 5.13.20 with Scott Pelley of CBS News.)  The interview is available online, as is a transcript. Below are excerpts from the transcript (although Powell’s…

Again – Consumer Sentiment

A story from the Wall Street Journal reminds that ‘re-opening’ is futile without broad-based consumer demand. Austen Hufford and Bob Tita report Factories Close for Good as Coronavirus Cuts Demand (‘Some manufacturers that furloughed employees during lockdowns say plants won’t reopen’): Factory furloughs across the U.S. are becoming permanent closings, a sign of the heavy damage…

Aside

Low unemployment isn’t worth much if the jobs barely pay: Martha Ross and Nicole Bateman highlight one of the failures of public subsidies for businesses in places like Whitewater — Low unemployment isn’t worth much if the jobs barely pay (article linked in today’s Daily Bread post). Subsidized job-creation in those circumstances is more political point than practical achievement.

Three Fundamental Failures: Employment, Income, and Poverty

An earlier post addressed Walker’s Fundamental Failure to meet his jobs pledge even after eight years. The record is much worse: years of corporate subsidies and meddling in the marketplace for preferred businesses & political cronies have produced failures of employment, income, and poverty. (Small town officials who copied this approach on the local level, as…

Public Money for Unskilled Manufacturing Jobs is Money Wasted

In times of historically low unemployment, communities are simply wasting public money when they subsidize unskilled manufacturing jobs.  The jobs, jobs, jobs mantra only makes sense in conditions of unemployment, unemployment, unemployment. Despite relatively low unemployment, ‘community development men’ in places like Whitewater still push business subsidies for companies using unskilled labor.  Pretending that dead-end…

Walker’s Fundamental Failure

Walker’s fundamental claim was that he would be a jobs creator, with a horde of operatives, development men, business insiders, and political cronies insisting that billions in state funds would somehow trickle down to create jobs. In his fundamental promise, Walker was a failure. Shawn Johnson reports Walker Never Reached 250,000 Jobs Created (‘Finalized statistics…

The Empty ‘Jobs Created’ Pledge

In Wisconsin, these last years, one has often heard – so often that it might as well be a mantra – that corporate subsidies are necessary for job creation, to reward job creators. This repeated justification ignores evident realities: (1) in times of low unemployment job-creation subsidies are less necessary, (2) wealthy corporate recipients are…

Non-College Men in the Labor Market

Adam Harris asks Where Have All the Men Without College Degrees Gone? (“Economists are trying to understand the steady decline of non-college-educated men in the labor market”): In the late 1960s, almost all prime-working-age men, typically defined as 25 to 54, worked—nearly 95 percent. That figure had dipped to 85 percent by 2015—a decline most acutely…

Lost Homes and Land, All Over a Foxconn Fantasy

Wisconsin State Senator Jon Erpenbach reminds that people lost homes and land over the Foxconn proposal, and communities spent far over one-hundred millions on an idea that was – to any reasonable, discerning person – doomed to fail. Doomed to fail: dozens of analyses and warnings from across America, of which merely one is Tim Culpan’s Wisconsin…

WISGOP Assembly Speaker Vos Hopes You’re Stupid

With the news that Foxconn plans to drop manufacturing at a plant that was supposed to hire thousands of workers, for which people lost their homes, and that was the centerpiece of Scott Walker’s corporate welfare and crony capitalism, Speaker Robin Vos blames…newly-elected Gov. Tony Evers. Oh, brother: Vos must hope that Wisconsinites are stupid enough to believe…

Foxconn Talks of Folding Wisconsin Manufacturing Plans

No one who thought about Foxconn seriously would be surprised to read from a Reuters exclusive that Foxconn [is] reconsidering plans to make LCD panels at Wisconsin plant. The Taiwanese manufacturer has already broken its promises on the kind of panels it would build at the plant, and failed to meet even its low, first-year hiring…