The Bureau of Labor Statistics released its latest numbers – the unemployment rate fell a whopping one-tenth of a percentage point, from 8.2 in March to 8.1 in April. While some (particularly people who are running for re-election) may see this as a promising path to a rate that falls well below 8 percent by [...]
The Obama administration’s Labor Department has withdrawn its propose rules that would prohibit children from doing nearly all types of farm work. (See article from the Daily Caller). On rare occasions, common sense prevails.
It is bad enough that the teenage unemployment rate is the highest among the age groups. But according to the Daily Caller, the Department of Labor has proposed regulations that will essentially destroy a generation of potential future farmers. The proposed new rules would prohibit children under the age of 18 from performing most farm [...]
Picture this scenario: Suppose you are a habitual spendthrift and have great difficulty putting money aside for savings, so you ask a trusted friend to hold money for you. Each month for a year, you give this friend $200 a month, which you cannot borrow against or ask to be returned to you until the end of a [...]
From the department of unintended consquences, Subway restaurants in San Francisco will no longer offer the $5 footlong sandwich specials that are often advertised on TV (although they do offer a specific ”sub of the month” for $5.00). The reason, according to the San Francisco Chronicle, is the city’s new $10.24 an hour minimum wage, which [...]
Rep. Paul Ryan (R-Wis.) released his proposed 2013 budget yesterday and before the ink was dry, the left was attacking it like vultures on a carcass. Ryan was being portrayed as the bogeyman of seniors’ concerns about Medicare. As part of his effort to control an out-of-control bureaucracy, his plan includes: Increasing the Medicare eligibility [...]
How is this for economic recovery…the latest Gallup poll shows that not only is the unemployment rate for Februrary up to 9.1 percent (from 8.6 percent in January), but the “underemployment” rate is at 10 percent. This includes people are working part-time but would prefer a full-time job. Perhaps the Occupy protestors who are villifying [...]
Multi-national firms are often the target of accusation when it comes to the loss of American jobs. The prevailing thought over the past four years and beyond has been that greed has driven firms across the Pacific for cheaper labor and that somehow these firms need to be punished. But this blog post is about [...]