Tag: "unemployment"

Income Inequality and the Minimum Wage

Yesterday, the Congressional Budget Office released a report that estimated the effects of an increase in the minimum wage.   There were two scenarios:  Raising the minimum wage to $10.10 an hour by 2016 and then adjusting annually for inflation, or raising the minimum wage to $9.00 an hour by 2016 with no adjustments for inflation. The […]

Here We Go Again…the State of the Union

It’s that time again.  For those of you who missed the SOTU last night, here are a few highlights of some eyebrow-raising claims and questionable statements: “Upward mobility has remained stagnant…” If the meaning is that upward mobility has not changed, the president is correct.  But the term “stagnant” is normally associated with something that is negatively stubborn, such as […]

Apprenticeships May Be the Way to Go

In this morning’s NCPA Daily Policy Digest, we featured a story from the Wall Street Journal about the popularity of apprenticeship programs in Europe…offered by businesses themselves.  This contrasts sharply to the lack of involvement of American businesses in training their workers and the public policy push of “college at all costs.”  As I noted […]

The “Feel-Goodism” of Unemployment Insurance Benefit Extensions

Next week the Senate will vote on a bill to extend unemployment benefits for another three months to some 1.3 million unemployed whose benefits expired on December 28.   At a cost of a whopping $6.5 billion, it is expected to produce $141 million in revenue over the next 10 years.  (Unemployment benefits are taxed, after […]

Don’t Raise the Minimum Wage, Says a Former Minimum Wage Employee

Interesting perspective from a former fast food and retail employee-turned-columnist John Hawkins.  Read here at Townhall.    

Retirement and Dependency (In Reverse)

A CNN Money article highlighted a recent survey examining worldwide retirement trends.  The survey, conducted by HSBC, found that 18 percent of Americans expect never to retire.  This is only slightly lower than the 19 percent of British who expect never to retire, but much higher than the global average of 12 percent. When I first read […]

EPI States the Obvious in a New Report About Retirement Savings

A new report by the Economic Policy Institute rehashes what many already know about retirement savers.  This is no surprise coming from an organization that has opposed self-savings initiatives and has instead supported the entitlement status quo.  The EPI’s report shocks and awes with charts and graphs showing the savings disparities between rich and poor, black […]

Do You Want a Robot With Your Fries?

Today’s media reports have breathlessly lauded a nationwide walk-out among employees of various fast food chains.  The “beef” (no pun intended) is that workers are demanding a minimum wage of $15 dollars an hour, twice what most of them are paid now.  They claim they cannot make ends meet on the federal minimum wage, and […]

Greece Called and Wants Their Job Market Back

“101M Americans Get Food Aid from Federal Gov’t; More Than the Number of Private Sector Workers“  (CNS News) “America’s Second Largest Employer is a Temp Agency” (Washington Examiner) “Only 47 Percent of Adults Have Full-time Job,” (Breitbart) Depressing…          

The Shrinking Workforce: You Read it Here First

A funny thing happened on the way to the labor market.  The unemployment rate fell last month to 7.6%, but the labor force participation rate fell to 63.3%, the lowest in about 34 years.  The LFPR is reported monthly by the Bureau of Labor Statistics but it has not received much attention until recently.   So while the unemployment […]