Opinions – Americans Increasingly Believe Labor Unions Benefit The Economy -Huffington Post

Interestingly, the Huffington Post reports the results of a survey showing that currently Americans are the most optimistic about unions since 2006.

Source: Americans Increasingly Believe Labor Unions Benefit The Economy

I was surprised at this headline. As a one-nation conservative, it seemed counter-intuitive. But I reflected on the results and interpreted them as follows.

This is part of the polarization of politics towards the extremes, the far-left and the far-right. Since the financial crash of 2008, many working class and middle class Americans have struggled economically with huge challenges of rising debt and healthcare costs. By comparison, big business has seen huge growth in profits, often escaping from taxes, especially overseas. Traditional jobs have been off-shored to low-cost countries, replaced by technology or gone to immigrants with higher skills. Many Americans have been forced into taking multiple jobs or accepting zero hours contracts. It’s significant that in the heavily unionized education sector, the US was recently reported at bottom of the OECD league in numeracy.

Personally, I’m of the opinion that the results are a one-off and there is no sustainable move to unionization.

Nevertheless, the results will be of interest to other advanced counties where there are parallels to the US work experience.

Thoughts?

UK growth slows as construction and manufacturing output shrinks – Telegraph

According to this excellent article by the Telegraph, the British economy expands by 0.5pc in the third quarter, according to official data. BUT growth is completely down to services. Production, construction and manufacturing remain at pre-2008 levels.

Source: UK growth slows as construction and manufacturing output shrinks – Telegraph

It’s highly risky to rely on services alone for UK growth.

With George Oborne not contrained like his Eurozone peers, why is he not providing fiscal incentives to get the non-service sector growing?

Thoughts?