Showing posts with label jobless. Show all posts
Showing posts with label jobless. Show all posts

The $15 Minimum Wage Will Kill Jobs. Should You Care?

by Peter Coy.   Mandated unemployment for low-skill workers. This is a story about ethics and economics, winners and losers, and the philosophical muddle on both ends of the political spectrum, as told through two of the hot-button issues of the 2016 U.S. presidential race: the minimum wage and free trade. Start with an unpopular but  ... MORE

23% Of Americans In Their Working Prime Are Unemployed

by Michael Snyder. Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right ... MORE

California Raises Cost Of Hiring To $15 An Hour

More unemployment guaranteed.   California legislators and labor unions have reached a tentative agreement that will take the state's minimum wage from $10 to $15 an hour, a state senator said, a move that would make for the largest statewide minimum in the nation by far. "This is not a done deal," Sen. Mark Leno, D-San Francisco, told The    ... MORE

Hey Seattle, How's That $15 Min Wage Working Out For Ya?

by Rick Moran.    The American Enterprise Institute blog reveals the not very surprising news that 10 months into Seattle's radical experiment of boosting the minimum wage to $15 an hour over a period of years, the city has suffered the worst job losses since the Great Recession. Now that the first Seattle minimum wage increase has been in effect for more  ... MORE

VIDEO: Is Raising Minimum Wage A Bad Idea?

Steve Berman: ‘McJobless In Seattle’ As Order Screens Arrive: Labor Day Reality Check For $15 Minimum Wage

Minimum wage results in maximum unemployment.  While it seems liberals may think that raising the minimum wage will raise living standards for poor Americans, they should have seen this coming. With Los Angeles joining Seattle in setting a $15 minimum wage (Los Angeles by 2020, and Seattle by 2021), it stands to reason that McDonald’s   ... MORE

Record 93,770,000 Americans Not In Labor Force

by Caroline May.   The number of people not in the labor force reached another record high in July, according to new jobs data released Friday by the Bureau of Labor Statistics. The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks. The number of people    ... MORE

Rick Moran: Obama's 'Record-Breaking' Economy

What happened to the labor force?  Corporate profits are sky-high, Wall Street is on an historic winning streak – and President Obama must be extremely grateful that commentary about his framework nuclear deal with Iran sucked up all the media oxygen so that the terrible jobs report that came out on Friday was largely ignored. Zero Hedge gives  ... MORE

Seattle Restaurants Closing Ahead Of $15 Minimum Wage

“It’s not a political problem; it’s a math problem.”   Seattle’s $15 minimum wage law goes into effect on April 1, 2015. As that date approaches, restaurants across the city are making the financial decision to close shop. The Washington Policy Center writes that “closings have occurred across the city, from Grub in the upscale Queen     ... MORE

Ali Meyer: 92,898,000 Americans Are Not Working

Labor force participation hovers near 37-year low.  The labor force participation rate hovered between 62.9 percent and 62.7 percent in the eleven months from April 2014 through February, and has been 62.9 percent or lower in 13 of the 17 months since October 2013.  Prior to that, the last time the rate was below 63 percent was 37 years ago,  ... MORE

Tammy Bruce: How Democrats Broke The Spirit Of America

Jobs, ISIS, Ebola and Obamacare.   These four words explain why Democrats have lost the confidence of the American people: jobs, ISIS, Ebola and Obamacare. While seemingly disparate, they all have one very important thing in common: They exist or have been made worse because of liberal Democratic policies and general incompetence, and   ... MORE

IBD: The Worst Job Stat Continues To Get Even Worse

by Jed Graham. Amid all the focus on boosting the minimum wage and legislating living wages, virtually no one seems to have noticed what is happening to the workweek in low-wage industries. 

Since December 2012, private industries paying up to about $14.50 an hour have added, on net, 972,000 nonsupervisory jobs with an average workweek of a mere 17.7 hours, an IBD analysis finds. 

That doesn't mean new employees are being hired for such few hours. Rather, it reflects a combination of reduced hours in existing jobs and   ... MORE

VIDEO: Jobs Mysteriously Vanish As Min Wage Increases

Peter Schiff on our politicians' latest job-killing proclamations.

Unemployment Down As Americans Drop From Labor Force

by Ed Krayewski.        The headlines say the news is good. Official unemployment in the U.S. dropped from 6.7 to 6.3 percent, the lowest rate in five years, as 288,000 nonfarm jobs were added, according to the Bureau of Labor Statistics (BLS). The steep drop in the unemployment rate, however, was a function of more than 800,000          ... MORE

Leaked Memo Uncovers Obama Administration Land Grab

by Shawn Martini.      Senator Jim DeMint took to the pages of the Washington Post this morning to raise the alarm about a planned, 10 million acre Western land grab by the Obama administration. A secret administration memo has surfaced revealing plans for the federal government to seize more than 10 million acres from Montana    ... MORE

Wynton Hall: Seven Devastating Economic Facts

Hope and change made everything worse.         U.S. economic conditions in 2014 continue to languish, as millions of Americans remain jobless. Seven economic facts underscore America’s increasingly dire economic outlook. 1. A Record 91.8 Million Americans Are No Longer in the Workforce The latest Labor Department figures reveal that a    ... MORE