Authored by Andrew Syrios via The Mises Institute,
In what has become a running joke amongst those skeptical of the claim that minimum wage increases have no effect on unemployment, a recent report by the Employment Policies Institute showed that 174 of the 184 co-sponsors of a bill to raise the federal minimum wage to $15 an hour hired unpaid interns.
Authored by Mike Shedlock via MishTalk.com,
Cook County Illinois has the largest population loss of any county in the nation. Chicago represents just over half of the population of Cook County.
Here is a graph I put together of the “Great Escape” from Illinois.
Highlights
Yesterday we pointed out that, in a somewhat shockingly frank interview with on ABC's "This Week", Senate Majority Leader Chuck Schumer said that Democrats, not Russia, were to blame for Hillary Clinton’s loss to President Trump.
"When you lose to somebody who has 40 percent popularity, you don’t blame other things - [James] Comey, Russia - you blame yourself."
"So what did we do wrong? People didn’t know what we stood for, just that we were against Trump. And still believe that."
Authored by Mike Shedlock via MishTalk.com,
Illinois, Alabama, Connecticut, Michigan, Mississippi, New Mexico, Ohio, and Wyoming are the only states that still have not regained employment lost during the Great Recession or prior recessions.
The Wall Street Journal comments These Eight States Still Haven’t Regained All Their Lost Jobs.
Bill Polacek runs a manufacturing company in Western Pennsylvania. Even though a glut in new construction projects has dried up work for tradesmen, Polacek said he struggled to find qualified welders a few years back when he had a large number of jobs to fill. Polacek interviewed 350 people to fill openings for 50 welders and machinists at his Johnstown, Pennsylvania-based manufacturing company. But he quickly found the number of qualified candidates dwindling to the point where the number of open jobs was higher than the applicants qualified to fill them. The reason?