Category: Economic Growth

Headlines That Are Not Screaming “Economic Recovery!”

Working Part Time – But Not by Choice (St. Louis Fed) 36 Percent of Adults Lack Retirement Savings, Including Many 65 or Older (Los Angeles Times) Five Years of Weak Wages (ABC News) From April to July 2014, the number of employed youth 16 to 24 years old increased by 2.1 million to 20.1 million […]

Finally! A Proposal That Would Foster Entrepreneurship in Texas

Texas Attorney General Greg Abbott, who is running for governor in this fall’s election, has proposed a measure that would eliminate occupational licensing for jobs that do not directly impact the health and safety of consumers. Of all the proposals designed to help poor and lower-income people, this one deserves major kudos. It does not […]

The Debate Over the Home Mortgage Interest Deduction

In the arguments for tax reform, the home mortgage interest deduction occasionally comes up.  Amazingly, the call for its phase out is a measure that many on the right and left can agree.  The Mercatus Center published a recent study on the mortgage interest deduction and how it encourages debt, excessive borrowing and benefits primarily upper […]

U.S. GDP Growth Is In a Race To the Bottom

Wow…today the Bureau of Economic Analysis released its final first quarter estimate of U.S. annual GDP growth, and it’s not pretty.  Real GDP contracted 2.9%, far greater than the BEA’s original estimate of 0.1% growth.  For those who are alarmed, you should be.  A comparison of the United States to the G20 countries shows that […]

Seattle and Midland: A Tale of Two Cities

I was perusing the latest news on jobs and wages this morning, and I have been intrigued by the happenings in Seattle recently – the city council’s approval to raise the minimum wage to $15 an hour (phased in over seven years) and now a proposed plan for free universal pre-school paid for with a $58 […]

Countries Failing to Protect Inventors’ Rights In Medical Innovation

The U.S. Trade Representative just released its “Special 301” report, which lists countries that fail to enforce intellectual-property rights. Protecting inventors’ property rights is necessary to attract investment in medical research and development, as well as a moral imperative for government. Yet, countries at all levels of development fail in this duty. India is singled […]

Anywhere But Illinois?

A Gallup poll released last week found that half of residents in Illinois would move if they could.  Half?  Runner up states were Connecticut (49 percent) and Maryland (47 percent).  What’s going on?  Reading further down, it appears that for those in these states who are actually planning a move to another state in the […]

States Are Turning Their Attention to Apprenticeships

With so much federal money poured into college aid, resulting in recent graduates mired in loan debt, it is refreshing that more attention is being paid to apprenticeships.  Some states are recognizing the importance in helping businesses boost these declining opportunities.  Read the WSJ article.

More On the Minimum Wage Debate

Last weekend, the Wall Street Journal ran an excellent article by Michael Saltsman, director at the Employment Policies Institute.  He rightfully noted that the examples President Obama uses of businesses that pay their employees well above minimum wage are businesses that can afford to do so.  For example, on a stop at the University of […]

Dallas’ New Bag Tax: What’s the Point?

Yesterday the Dallas City Council passed an ordinance that would require retailers to charge 5 cents per paper or plastic bag used by consumers.  While this is not an all-out ban on plastic bags, it does punish consumers who make the choice to use a plastic or paper bag instead of bringing their own reusable […]