–I continue to earnestly and ploddingly try to find the way back to Factville. Over at WaPo.
–More on the seriously botched decision by a Texas judge to enjoin/block the new overtime rule that should have gone into effect a few days ago (Dec 1). Over at Vox.
–Readers know my take on Trump’s Carrier deal: smart politics, great for the <1K workers whose jobs were saved, but lousy economics in the sense that it’s neither scalable nor a systemic way to push back on trade-induced job losses. As we speak, many factories, including the Carrier plant, are sending jobs abroad.
But I thought Steve Pearlstein’s take was unique, smart, and very much worth reading. Steve argues that if presidents use the bully pulpit to throw serious shade on companies that disinvest in their workers, we might be able to move norms back to an earlier period where such behavior was widely viewed as not good capitalism, but bad management. I do think he needs to deal with the fact that, while Trump may be talking sticks here, he’s giving carrots. That, it seems to me, blocks the norm-bending. But I still think Pearlstein’s onto something.
–Finally, coming soon: re this Trump tax cut everybody’s getting wound up about, allow me to ask: do we really need a tax cut??!!