On The Minimum Wage and Populism
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Last week, a slew of politicians in California, New York, and the United Kingdom embraced higher minimum wages.
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The Boomer Retirement Meme: One Big Lie
By Jim Quinn of the Burning Platform
The Boomer Retirement Meme: One Big Lie
Stanley Druckenmiller: "This Is The Most Unsustainable Situation I Have Seen In My Career"
By Jody Chudley, originally posted on the Daily Reckoning
Simple Math Shows America Is Headed for an Economic Disaster
With so many voices streaming at us through our televisions and computers, a person can’t be blamed for tuning out.
For the most part, tuning out is exactly what we should do. But sometimes it is very important that we pay attention…
By listening to Jeremy Grantham, Jim Grant and a host of other investors, a person could have avoided and profited the crashing of the tech bubble of the late ’90s.
Jobs Report Blues — Paul Craig Roberts
Jobs Report Blues
Paul Craig Roberts
On Friday the Bureau of Labor Statistics reported that there were 215,000 new jobs in March.
John Williams of ShadowStats.com reports that these “new jobs” result from the the Birth-Death model that “artificially inflates headline month-to-month payroll gains with add-factors that currently average well in excess of 200,000 jobs per month.”
In other words, the jobs are the product of a model’s assumption that unreported new start-ups created 200,000 more jobs than unreported business failures lost.
New York Follows California, Will Raise Minimum Wage To $15/Hour
Earlier his week, California paved the way for a $15/hour minimum wage, in a move that essentially communicated the following message: “..to hell with economics.”
The living wage issue is one of the most controversial debates playing out in America today and it goes right to the heart of partisan politics.
Anyone who’s “feeling the Bern” so to speak, believes they’re entitled to make enough flipping burgers to feed their family. And you know what? They’re wrong. Dead wrong.