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Bd6r
2019 Feb 28, 9:13am
Bd6r
2019 Feb 28, 9:13am
Kakistocracy says
same with driving - cellphones now supposedly cause more traffic deaths than drinking and driving.
The National Safety Council reports that cell phone use while driving leads to 1.6 million crashes each year.
Nearly 390,000 injuries occur each year from accidents caused by texting while driving.
1 out of every 4 car accidents in the United States is caused by texting and driving.
Texting while driving is 6x more likely to cause an accident than driving drunk.
When will we see organizations such as Mothers against Texting and Driving?
Mindless clueless people with their faces buried in little screens oblivious to the world around them
same with driving - cellphones now supposedly cause more traffic deaths than drinking and driving.
The National Safety Council reports that cell phone use while driving leads to 1.6 million crashes each year.
Nearly 390,000 injuries occur each year from accidents caused by texting while driving.
1 out of every 4 car accidents in the United States is caused by texting and driving.
Texting while driving is 6x more likely to cause an accident than driving drunk.
When will we see organizations such as Mothers against Texting and Driving?
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I was struggling with explanation (what happened in mid-1970's) and I am still not sure. One potential explanation is in this link:
https://www.tbwns.com/2019/02/18/the-bears-lair-ben-bernanke-killed-the-world-economy/#more-1601
The paper,“Low interest rates, market power and productivity growth” by Ernest Liu, Atif Mian and Amir Sufi, examines the behavior of firms in a competitive marketplace as interests decline, and demonstrates that, although lower interest rates at first increase competitiveness through increased investment, they also increase the comparative advantage of large firms, thus after a time discouraging the smaller firms from investing and making the market less competitive.
Small firms lose out competition to large, well-connected ones under low-interest rate environment. Does not explain everything (interest rates were high during early Reagan years), but perhaps they play a role. I would love to hear thoughts of other Patnetters. For record, this income vs productivity gap has increased through both R and D administrations. More regulations?