Is political greed gobbling up America's future? USA Today recently pointed out: One in seven young people neither works nor goes to school. This group of Americans is roughly the size of Minnesota's population. And today, the Bureau of Labor Statistics released its job numbers report. While the youth unemployment rate is down ... MORE
Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts
Kristie Eshelman: Big Government Is Hurting Millennials
Is political greed gobbling up America's future? USA Today recently pointed out: One in seven young people neither works nor goes to school. This group of Americans is roughly the size of Minnesota's population. And today, the Bureau of Labor Statistics released its job numbers report. While the youth unemployment rate is down ... MORERecord 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 ... MOREHow Bad Are Things For The People Of Greece?
by Lucy Rodgers & Nassos Stylianou. Big government debt is crushing the people. The people of Greece are facing further years of economic hardship following a Eurozone agreement over the terms of a third bailout. The deal included more tax rises and spending cuts, despite the Syriza government coming to power promising to end what it ... MOREHigher Minimum Wage Leads To Price Rises And Job Losses
by Tim Worstall. We have been trying to tell people for some time now that raising the minimum wage just isn’t this costless exercise that so many seem to think it is. Raising that minimum wage means a pretty large amount of money flowing to one specific group of people in the economy. Which, given that we’ve not created any new money here, ... MOREFast Food Restaurant Responds To Minimum Wage Hike
by Kaitlyn Schallhorn. Some raise prices, others layoff workers. As San Francisco is set to raise its minimum wage to $15 over the next few years, Chipotle raised the price of its food. According to Investors Business Daily, Chipotle in San Francisco raised its prices as much as 14.4 percent as the Golden Gate City raised its minimum wage by 14 percent. ... MORE
The $15 Minimum Wage Would Cost 300,000 Jobs
by Tim Worstall. There’s an absolutely fascinating little piece of information in George Osborne’s budget over in my native UK. For it gives us a firm calculation of the number of job losses that will come from a rise in the minimum wage in that country. And we can adapt that estimate to the United States and the effect of the $15 an hour that is ... MOREWhy Should Government Demand Wage Rates Rather Than Let Individuals Be Free To Pursue Their Own Interests?
by Chuck Barnard. We should all be free to work for a business based on our personal criteria, including the wage they pay. What right do any of these progressives have to tell someone who would agree to work for another individual for a mutually agreed-upon wage that they can’t? How do they have the right to say to someone they must work for a ... MORE5 Things You Need To Know About The Shitshow In Greece
by Ed Krayewski. Greeks want big government but they want someone else to pay for it. Last week, the Greek government walked away from the negotiating table with its creditors and enablers—the European Commission, the European Central Bank, and the International Monetary Fund, called the "Troika." The group wanted Greece to commit ... MORENew York Democrats Begin To Realize Minimum Wage Means Maximum Unemployment For Low-Skill Workers
by Novell Rose. It is not about politics, it is about math. It happened in Seattle — pay goes up, business goes down. As Western Journalism reported about the city’s $15-per-hour minimum wage law, an article in Seattle Magazine raised the red flag about the red ink a number of local restaurants would be facing because of the increasing labor ... MOREWalter E Williams: Improving Black Education
Use free market competition. Last summer's Ferguson, Missouri, disturbances revealed that while blacks were 67 percent of its population, only three members of its 53-officer police force were black. Some might conclude that such a statistic is evidence of hiring discrimination. That's a possibility, but we might ask what percentage of blacks met ... MOREBrian Doherty: L.A.'s Minimum Wage Hike: A Teaching Moment For Those Trying To Help The Underprivileged
Harder to do good for someone if it costs a lot more. A lightly annotated story from today's L.A. Times from the frontline of the politically connected trying to claim special exemptions from L.A's forthcoming minimum wage hike, which highlights not the corruption of the politically connected seeking special favors but the logic ... MOREWarren Buffett Knows Minimum Wage Hurts Workers
by Chris Matthews. Billionaire suggests education instead. Warren Buffett is a favorite of the American left for his support of
such policies as higher taxes on the rich and healthcare reform. But advocates for workers rights may be a little less pleased with the billionaire investor after he published an op-ed in The Wall Street Journal Friday, decrying ... MOREPizza Shop Goes Under Thanks To Minimum Wage Hike
by Tina Patel. On Seattle's minimum employment incentives. It may be one of the first casualties of Seattle’s new minimum wage law. The owner of Z Pizza says she’s being forced to close her doors, because she can’t afford the higher labor costs. Devin Jeran was happy to get a raise, when Seattle’s minimum wage went up to $11 an hour at the beginning ... MOREJ.D. Tuccille: Will The Minimum Wage Protesters Order Fries From Their Burger-Flipping Robot Replacements?
Going the way of gas attendants and theater ushers. The Momentum Machines website is low-key right now, but that may have something to do with high-profile arguments in the press and protests in the streets
demanding that fast-food chains pay workers $15 an hour to do the job
the company's robots are designed to fill. Even before ... MORERonald Bailey: Minimum Wage and Magical Thinking
No one can defy the law of demand. If all other factors remain equal, the higher the price of a good,
the fewer people will demand it. That's the law of demand, a fundamental
idea in economics. And yet there is no shortage of politicians,
pundits, policy wonks, and members of the public who insist that raising
the price of labor will not have the ... MORERick 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 ... MOREObamacare Is Really Expensive For Small Businesses
by J.D. Tuccille. Lousy news for the economy. "Complying with the health care law is costing small businesses thousands of dollars that they didn't have to spend before the new regulations went into effect," reports AP business writer Joyce M. Rosenberg. This should be a surprise to exactly nobody. In general, government mandates have poor track ... MOREAli 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
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