The Wild West ... the outback ... The new world of the 1800s was a time of true liberty. People stood on their own merits. They won or they lost and they reaped the rewards or swallowed the consequences. There were no cubicle dwelling civil servants hell bent on saving you from yourself. No planning permits no licenses no permissions no heritage overlay no bylaw no regulators no inspectors. And guess what ... it worked

This site is set up to provide a forum for a number of like minded professional economists to post and comment on contemporary issues. There are a number of regular contributors whose bios are made available on the site. Most if not all of these contributors use a pseudonym for the simple reason that they are practicing economists who must take into consideration the commercial implications of posting their opinions.

While some may feel that this is a bit of a gutless approach it is the only way we can ensure free and open discussion without jeopardising our paycheques.

Thursday, June 4, 2009

Are crappy tea bags sticky? (Roy Rodgers)

An interesting question is whether the quality tea bags will be reinstated during recovery or wether tea bag quality will prove to be sticky? Is this simply an opportunity for the firm to achieve cost savings by riding on the coat tales of recessionary expectations (despite the fact we are now officialy not in recession).

You would think these non pecuniary benefits are a fairly good indicator of how sensative a firm or department is to the ebb and flow of the labour markets assoicated with its human capital. In the case of the Lone Ranger I think the firm in question may be acting a bit brashly given the counter cyclical nature of economics. It would not appear rational for a firm to reduce nonpecuniary benefits for economists during a period in which their skillls are in demand.

Lone you should jump on your horse ride into the head cheeses office and demand the reinstatement of quality teabags.


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