Doing more harm than good. The ground has been shifting in the battle over the minimum wage. With President Obama's proposal to hike the national minimum from $7.25 to $9 an hour stalled in Congress, local labor activists have been aiming even higher, getting behind a vastly higher minimum wage of $15 an hour. The proposals are ... MORE
Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
Eli Lehrer: Hiking the Minimum Wage Won't Help the Poor
Doing more harm than good. The ground has been shifting in the battle over the minimum wage. With President Obama's proposal to hike the national minimum from $7.25 to $9 an hour stalled in Congress, local labor activists have been aiming even higher, getting behind a vastly higher minimum wage of $15 an hour. The proposals are ... MOREIBD: 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
Young, Bummed & In Debt: Why Aren't Millennials Angrier?
by Veronique de Rugy. Until recently, a bad job market was nearly always bad news for political incumbents. Unemployed and anxious voters have a habit of throwing the bums out. But headed into the 2016 election season, one large demographic group is still likely to vote Democratic: millennials. Which is weird, because when it comes to the labor ... MOREBurger Robot Poised to Disrupt Fast Food Industry
by Jason Dorrier. The fruits of raising minimum wage. I saw the future of work in a San Francisco garage two years ago. Or rather, I was in proximity to the future of work, but happened to be looking the other direction. At the time, I was visiting a space startup building satellites behind a carport. But just behind them—a robot was cooking up ... MORE
Jeffrey Folks: Regulating The Roads, And Everything Else
Devastating regulation. Aside from liberals in Washington and some at the New York Times, most economists agree that increased regulation strangles economic growth. Exactly how this works can be demonstrated by a simple experiment. In a group of 25 individuals, assign one the task of arranging the remaining 24 persons in order of height by ... MOREPeter Morici: The Real Unemployment Rate Is At Least 18%
Dismal future for low-skill workers. Friday, the Labor Department is expected to report the economy added 235,000 jobs in July, and the unemployment rate remained steady at 6.1 percent, but that hardly tells the story. The jobless rate may be down from its recession peak of 10 percent, but much of this results from adults, discouraged by ... MOREKatie Kieffer: One Year of Fracking in CO. Creates More Jobs Than Has Obama’s Entire Economy For Millennials
If only government got out of the way. Fracking in the state of Colorado during the year 2012 created 111,000 jobs whereas Barack Obama’s entire economy has only generated 110,000 jobs for Millennials since 2007. What is wrong with our president? Does he suffer from a migraine headache or is he simply refusing to think straight? ... MOREJohn Stossel: Here Comes Tomorrow
Robots will make our future better. Ray Kurzweil — inventor of things like machines that turn text into speech — has popularized the idea that we are rapidly approaching "the singularity," the point at which machines not only think for themselves but develop intellectually faster than we. At that point, maybe we no longer talk about "human ... MORE
Seattle Ignites Robot Revolution With $15 Minimum Wage
by Scott Shackford. Our labor participation rate is
terrible
and our
economy shrank by 1 percent in the first quarter of the year.
So it's the perfect time to raise the minimum wage to a degree
unseen in America before, right? That's what Seattle has done. Yesterday the Seattle City Council
unanimously voted to raise the city's minimum wage ... MOREIra Stoll: How Raising the Minimum Wage Destroys Jobs
Making it pay to automate. For anyone who dismissed as a bunch of right-wing propaganda the
claim that a higher minimum wage and mandatory health benefits
would mean more workers replaced by computer screens, here is a
reality check. McDonald's
announced this month that it will deploy computer kiosks at
7,000 restaurants in ... MOREUnemployment 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
Harry R. Jackson Jr: Minimum Wage Is All Jacked Up
Shrinking opportunities for low-skill workers. I grew up in a family who had to stretch their money the best way they could. So I understand those in our nation who labor hard to pay their monthly bills. As our economy continues to struggle, the President and his congressional allies are proposing another hike in the federal minimum wage. ... MOREJohn Stossel: Budget Baloney
Regurgitating hope and change. This week, President Barack Obama proposed "a budget that will create new jobs in manufacturing and energy and innovation and infrastructure, and we'll pay for every dime of it by cutting unnecessary spending, closing wasteful tax loopholes!" What? I must have fallen asleep and woken up in 2008. That could ... MORESabotaging The Ladder Of Economic Opportunity
by Daniel J. Mitchell. Minimum wage, maximum folly. If I banged my head against the wall every time politicians advocated
bad policy in Washington – which is a tempting impulse, I would have
been institutionalized because of brain damage a long time ago. But it’s difficult to maintain my self control when I think about minimum ... MORE
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