Labor

Authored by Michael Snyder via The Economic Collapse blog,

Things are going from bad to worse in Brazil where, contrary to what the stock market suggests, the economy continues to disintegrate.

The good news - another 'soft' survey data item inches to a new post-Trump high as Chicago PMI rises to 57.7 - highest since Jan 2015. However, the bad news is that exuberant hope is not translating into hard reality as the employment sub-index collapsed into contraction.

The 57.7 print beat expectations of a modest decline to 56.9, but the employment component crashed from 57.7 to 49.9 - into contraction.

Business barometer rose at a faster pace, signaling expansion

It seems President Trump was on to something when he said healthcare in America would "explode," if left alone. ABC reports that retired teachers in Texas are projected to pay double or triple their current premiums for healthcare beginning September 1.

http://launch.newsinc.com/

Seemingly no amount of empirical evidence will ever convince progressives that raising minimum wages to artificially elevated levels is a bad idea.  Somehow the basic idea that raising the cost of a good ultimately results in lower consumption of that good just doesn't compute. 

And while roughly 50% of the country will promptly ignore it, below is yet another study, from Dr. David Macpherson of Trinity University and Dr. William Even or Miami University, pointing out the devastating consequences of minimum wage hikes.