Showing posts with label labor. Show all posts
Showing posts with label labor. Show all posts
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
In 20% Of American Families, EVERYONE Is Unemployed
by Michael Snyder. The real unemployment rate. According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, ... MOREMatt Welch: Obama's Mourning In America
Presiding over diminished expectations. One of the best ways to survive the grotesque and empty power pageantry of Washington's annual State of the Union extravaganza is by visiting the University of California, Santa Barbara's online archive of past addresses and looking up the speeches that corresponded to where the current POTUS ... MOREJohn Stossel: War On Women
Sorry, genders are not exactly equal. You've probably heard that Democratic Party leaders decided that a way to win votes this November is to shout loudly that Republicans wage "war on women." Politico calls this a "proven, persuasive argument."Give me a break. The idea of a conservative "war on women" is as silly as propaganda ... MORERobert P. Murphy: Economist Debate The Minimum Wage
Why wage regulation hurts low-skill workers. Economists famously argue about everything. Even so, it used to be that economists across the board—whether left, right, or center—generally agreed that the minimum wage was ill-suited to help the poor. As we still teach introductory students in Econ 101, a price floor on low-skilled ... MORE1,154,000 Fewer Americans Working Than 6 Years Ago
by Ali Meyer. The bitter fruits of hope and change. 1,154,000 fewer Americans are working today than six years ago, according to data from the Bureau of Labor Statistics. In January 2008, 146,378,000 Americans 16 and over were employed, and now in January 2014, 145,224,000 are employed, a difference of 1,154,000. 91,455,000 Americans 16 or ... MORE
Thirteen States Make Low-Skill Workers Less Employable
The cost of hiring has just been arbitrarily increased. The minimum wage rose in 13 states as 2013 drew to a close. As many as 11 states and Washington, D.C., are expected to consider increases in 2014, and approval is likely in more than half of the 11, according to the National Employment Law Project, says USA Today. On January 1, ... MORE
Ron Paul: Government Policies Hurt Low-Skill Workers
Economic ignorance is not a strategy. Fast-food workers across the county have recently held a number of high profile protests to agitate for higher wages. These protests have been accompanied by efforts to increase the wages mandated by state and local minimum wage laws, as well as a renewed push in some states and localities to pass ... MORE
Peter Morici: True Unemployment Now 13.6%
'High rate' becoming permanent. The Labor Department on Friday is expected to report the economy added 120,000 jobs in October, below the 148,000 recorded in September and the trend for months prior. Unemployment should remain about 7.2 percent. The government shutdown and uncertainty about its precise impact on the data ... MORE
Walter E Williams: The Cost Of Minimum Wage
Are policymakers naive or just stupid? Last week’s column discussed the political tradeoffs made by black politicians and civil rights organizations that condemn whole generations of black youngsters to failing schools (http://tinyurl.com/6mmlsf). Similar political tradeoffs in labor markets condemn many blacks, particularly black youths, ... MORE
Dominick Armentano: Minimum Wage, Maximum Nonsense
Policy would work if money grew on trees. In his 2013 State of the Union message, President Obama suggested that Congress
increase the federal hourly minimum wage from its current rate of $7.25
to at least $9. Several states are also debating an increase; indeed,
the California Legislature recently approved and Gov. Jerry Brown
just signed ... MORE
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