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The Wisdom of the Marketplace

I understand as well as anyone the impulsive, almost instinctive desire to want to use government – in the form or tariffs, import restrictions, subsidies, legislation, etc. – to try to limit the impact of cheap (and often subsidized) foreign competition and the incursion of (often below market-value) offshore products. But time and time again, […]

Do Unions Finally Smell the Coffee?

A friend of mine, a union leader here in Chicago, once mentioned to me that he loved to drive around and count the number of cranes along the city’s skyline because it gave him a sense of how many jobs had to be filled for his rank and file members. But even as he was […]

From the Shop Floor — The Week in Manufacturing (11/8/2013)

Writing in Bloomberg, author and blogger Gary Shilling says “Let’s not overstate the U.S. manufacturing revival.” MoneyNews cites a study from ThomasNet.com that says U.S. manufacturing is running a race against a biological clock. Fortune, writing about the same graying of the manufacturing workforce, calls the imminent retirement and departure of so many Boomers from our sector […]