Economics impacts our lives every day. Below are some of the top storylines from this past week related to economics.
"Talent is cheaper than table salt. What separates the talented individual from the successful one is a lot of hard work." -- Stephen King, author
Electric vehicles have fewer moving parts and require less labor to manufacture than their internal combustion engine counterparts. Without additional government investment, automobile manufacturers could lose about 75,000 jobs by 2030. However, if government subsidies targeted electric vehicle components made domestically, 150,000 jobs could be added. [The New York Times]
As more companies are putting in place vaccine mandates, hiring managers are trying to hire talented people who have already complied with company policy. Those opposed to including vaccination status on a resume say that it’s on the companies to ask about it upfront and that candidates should be considered solely based on their abilities and qualifications. [The Wall Street Journal]
The Chinook can drop 3,000 gallons of water of fire retardant from a specially-designed tank operating by computer control. It’s allowing firefighters to fight fires at their weakest time of day – at night – for the first time since a mid-air collision in the 1970s. [60 Minutes]
Montserrat designed a program that limited the number of visitors, but included a minimum visit of two months and earn at least $70,000 a year. They must pass a rigorous background check. Visitors have nearly exclusive access to beaches in a place where there have been just 33 confirmed positive COVID-19 cases reported. [The New York Times]
While ports in the United States close in non-working hours and on Sundays, major ports in Europe and Asia remain open 24/7. Containers have piled up at ports because there are too few truck drivers. Truck drivers are delayed at the warehouses they deliver the containers to. The delays continue because of a shortage of workers at each level. [The Wall Street Journal]
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