Showing posts with label The Economist. Show all posts
Showing posts with label The Economist. Show all posts

Monday, December 29, 2008

Tired, Poor, Huddled Masses Staying Home

Immigration, both the legal and illegal kind, is way down it seems. According to the Economist, in "the year to September 2008 724,000 fewer people were caught trying to cross into America from Mexico, the lowest annual tally since the 1970s."

Now this really either means that we have gotten really bad at catching people crossing the border or that less people are attempting the dangerous affair. Given that enforcement is supposedly up, it seems that the latter is the more likely explanation. According to the same article, "Border cops have naturally claimed credit for the drop. But the heavy hand of the law is probably much less of a deterrent than the invisible hand of the market."

Simply put, now that there is less demand for labor here in the U.S., especially in the construction industry (because our economy is in the toilet), the supply is increasingly deciding to stay home.

So next time we have an influx of illegal immigrants, before we build a fence, maybe we should remember to count our blessings, because the willingness of foreign workers to cross the border is also evidence that our economy is booming (at least relatively).

In a somewhat counter intuitive way, as the article points out, immigration reform might now be more difficult, despite the drop in number of illegal immigrants. Despite the fact that minute men might not have as much to crow about given these new statistics, it is the slackening labor market that might put a wrench in the works, as it will be tough to convince conservatives that more immigrants should be allowed in the country when the U.S. has an economy in recession and a rising unemployment rate.

In any event, I think it is amazing how quickly we have forgotten. It was only 2006 when Americans rated immigration as the nation’s second-most-important problem after the Iraq war. Now it's barely on the radar at all.

Wednesday, November 21, 2007

Local Coffee Shop Makes Good (Coffee)

After mentioning one of our great local eateries, Boogaloos, when giving our city a good economic colonoscopy a while back, now one of our local coffee shops, Ritual, made it into "The Economist" for having a fancy coffee machine.

NEAR the hard-working espresso machine at Ritual Coffee Roasters, a café in San Francisco, sits a stainless-steel box about the size of a desktop computer. This box, the Clover, produces a cup of coffee with a spectacle of streaming water, whirring motors and an ingenious inverse plunger. Zander Nosler, the industrial designer who invented the Clover nearly three years ago, seems to have done the impossible: attracted a cult following for a new coffee-making machine that is both slower and vastly more expensive than other machines and requires the undivided attention of a trained operator.
Now these two establishments are actually more or less across the street from one another in the Mission. And they are, by far, two of the most hipster establishments in the city.

Boogaloos is where everyone goes for breakfast the morning after a big night out at Casanova, Delirium, Beauty Bar, Latin American Club, etc. You see some crazy hipster outfits (a la BSL) and some people who obviously never went to sleep the night before. Great breakfast, even better people watching.

And then there's Ritual. Ritual is a coffee shop, that no matter what day, nor time of day you walk into, all the tables are full with people on laptops. Sure, some of them are students, but not all of them. The rest are "writers," or "bloggers," or "trustifarians,"and most of the time all three. And again, very very hipster. You need to have at least one visible tattoo and 3 pair of skinny jeans to work there, and there are more fixed gear bikes locked up outside than are in the inventory of the worker-owned non-profit cooperative bike shop down the street. But, the coffee there is incredible.

And honestly, I can't think of anything that would make this place more hipster than a $11k coffee machine that requires a trained technician to produce an incredibly slow $6 cup of coffee.