Month: May 2023

ECONOGAL > 2023 > May

Help Wanted vs. 32-Hour Work Week

Posted on by Econogal

Help wanted signs are everywhere so I was surprised to hear of a suggested 32-hour work week yesterday on the radio. Senator Bernie Sanders from Vermont is calling for the mandatory reduction in hours along with an increase in the minimum wage to $17.00 an hour. On the surface the idea will sound great to many. But, as always there are costs to a regulated market. Even the labor market.

Free Markets

The concept of free markets is a major contributor to the economic success of the United States as well as most other developed nations. In a free market, prices adjust due to supply and demand. Economic theories are complex and include ideas such as price stickiness and stagflation. But overall, the concepts work. If there is a shortage buyers pay more. When there is a glut suppliers need to cut prices or products languish in warehouses.

Wages represent the price of labor. Help wanted signs are signals that the labor market is not in equilibrium. So, more workers are needed than are willing to work. In a free market situation, wages are increased to the point more individuals are enticed to work. To a certain extent, the process works.

Help Wanted

However, other factors are impacting the labor market. Covid-19, Baby Boomers retirement, child care costs and government policy are all limiting the availability of workers. The combination of factors is having an adverse effect. There are too many reasons to not work whether one is young or old. Perhaps AI (Artificial Intelligence) will take up the slack. But for the present, we have a labor shortage. Hence the Help Wanted signs.

So, businesses respond by cutting hours of operation or even services in general. This results in disgruntled consumers. A vicious cycle begins.

32-Hour Work Week

So as a retired economics instructor I was taken aback by Senator Sanders’ proposal of a 32-Hour work week. In my opinion this is a recipe for disaster. We already have a labor shortage. Fewer hours worked, no matter how productive those hours, means an additional drain on the labor supply.

Certain industries absolutely cannot work with a shortened work week. Just-in-time industries such as fast-food restaurants don’t benefit from a shorter work week. Hamburgers can’t be “saved” for future use. Other industries such as accounting do not benefit from a 32-Hour work week either. Taxes are due when they are due. The same holds true for the legal system. Farmers certainly can’t stop the tractors and combines once the 32-hour mark rolls by.  I could go on and on.

Unfortunately, many states have K-12 systems that are prepping society for a 32-Hour work week. My local school system went to just four days a week about a decade ago. I still think this is a bad idea. Perhaps schools in Vermont where Senator Sanders is from are all on a four-day schedule.

Before retiring to focus on writing I worked in excess of 40 hours a week on a regular basis. My spouse still goes into the office on Saturday mornings. This is in addition to the longer than eight hours during the week. Workaholics? Maybe, but the quality and quantity of work is a positive. Things get done. Service-good service- is provided.

Work Ethic Needed

I am sure Senator Sanders is well intentioned. But I still disagree with his proposal. Our society needs to value the work ethic of its’ labor force. Under a free market, wages will respond to this ideal. Even if it means a period of time dotted with Help Wanted signs. Perhaps it is my Protestant upbringing, but I feel strongly that each individual needs to contribute to society through work.

An umbrella of social services is needed for those who cannot help themselves. BUT, our umbrella is too large. My experience has witnessed severely physically handicapped individuals doing their utmost to contribute somehow and in some way.

Too many individuals not in this category are opting out of work and out of society. Could this unwillingness to provide labor be responsible for our increase in violence? Perhaps. I believe happiness comes from within. If one has not accomplished even a simple task, can one develop this inner emotion? Satisfaction with one’s work plays a key role. But my understanding of psychology is limited. I will stick to economic markets. Help Wanted signs do not equate to a 32-Hour work week.

 

Livid Book Review

Posted on by Econogal

Return to a Familiar Series

A double entendre without the suggestive meaning, Livid is perfectly used as the title of the newest Scarpetta novel. A Christmas gift, the most recent installment in the Kay Scarpetta series brought many surprises to this reader. To be honest, it has been some time since I read anything in this series favoring the Patricia Cornwell penned Captain Chase novels, Quantum and Spin.

The familiar supporting cast sported the most changes, but the character of Scarpetta included subtle differences as well. Furthermore, the inclusion of high technology in the storyline harkens to the aforementioned Chase series. And once again, the political overtones are steeped throughout the novel.

Kay Scarpetta is Livid

Testifying on the witness stand at the opening of the book, the character of Scarpetta is under attack. One would think she was the accused instead of providing expert testimony. She is “livid” about her treatment, seething inside but cool as a cucumber on the stand.

Upon leaving the courtroom, Scarpetta and her reliable sidekick Pete Marino, immediately encounter a new case. One tied to the trial in multiple ways. Both the FBI and the Secret Service are involved as well, allowing for multiple past supporting characters to make an appearance.

The second meaning of livid describes the bruising both new victims have even though causes of death differ. New technology is involved with one death while the other is more traditional. The existing relationships Scarpetta had with each victim, adds to the story.

Politics and Parallels

Throughout the novel, Cornwell uses Scarpetta’s thoughts to further the plot and the message. Ties to current cultural events create a meaningful novel. The inclusion of the latest technology in weaponry adds to the shock tactics. Terrorism from within a society is as dangerous as from without. Perhaps more dangerous. Certainly insidious. The warnings of Livid should be heeded.

Recommendation for Livid

I enjoyed reading this latest novel in the Kay Scarpetta series. Changes in the relationships of core cast members made me want to go back and read some of the books in the series I had missed. So, I would say this is not a stand-alone book. Cornwell books can be found online, at bookstores and at your local library.

 

Green Manure

Posted on by Econogal

Accidental Oats

I am experimenting with using oats as a green manure for this years Big Garden. To be honest, my experiment began as an accident. My winter straw turned out to be full of oat seed. The farm boy I married assures me the green manure will aid this year’s vegetable garden.

Turning the Green Manure

Oats as a green manure planted in a row.
Row of Green Manure

Yesterday, was sunny and beautiful with temperature reaching into the low 60s (Fahrenheit.) The long-range forecast shows a slow but steady warm up. Winter may finally be gone. It is too soon to plant tender vegetables. But warm soil will soon follow the warming air. So, it is time to turn the green manure.

Fortunately, my Big Garden is small enough to utilize manual labor. The two of us made quick work turning the empty rows. Armed with shovels, the work took less than twenty minutes.

However, the row with the garden greens needed a little more attention. I hand pulled the oats and alternated between a hand trowel and a cultivator to chop them up and turn them under. This was a fairly easy process since the transplants have been in the ground for several weeks.

The final row was a bit of a disaster. Tiny beets were beginning to emerge. I am afraid there were some casualties. And I plan to reseed the row.

Benefits of Green Manure

The first positive of the oats is now gone. The plants provided an anchor for the soil over the last six weeks. From mid-March through April, we experience strong winds. For those of you unfamiliar with the High Plains, strong winds here equate to tropical storm and Category 1 Hurricane strength. Fortunately, the winds this year stayed below 100 m.p.h.

Now that the oats have been turned over, the chemical benefits of the green manure can take place. The vegetation acts similar to compost, enriching the soil for demanding crops such as tomatoes, cucumbers, melons and beets. My research indicates the turned green manure needs at least two weeks but no more than four weeks to break down the nutrients. Perfect timing as the soil needs to warm up a bit more before transplanting the tomato, melon and cucumber seedlings still under the grow lights.

Oats underneath a trellis.
Thick stand of oats below cucumber trellis.
Not quite ready for transplanting outside.