TRUMP: In terms of income inequality, we’re going to create a lot of jobs. You know, right now we have a false [unemployment rate] 5.4%, 5.3%, 5.6%, every month it is different. It is such a phony number. Because when people look and look and look and then they give up looking for a job, […]
by Tyler Durden Over the past few months (not to mention last 7 years), the topic of America’s “missing inflation” has gained major prominence, because while supposedly every other aspect of the economy is humming along (which really just means that record numbers of waiters, bartenders and temp workers are hired and collect minimum wage […]
Paul Craig Roberts Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment report was […]
It is hard to believe that one out of every three Americans is financially supporting the other two-thirds. The unemployment rate appears much lower than it is because of the odd math behind the labor force. The latest unemployment rate of 5.3 percent sounds great until you realize that last month 640,000 Americans were plopped […]
Early indicators suggest that the $15 minimum wage is a “lose, lose” proposition for employers and employees. Randy DeSoto As the push continues in various locations around the country to raise the minimum wage to $15 per hour, the real world consequences of such a move have begun to surface. Seattle became the first city […]
By Michael Snyder Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us. Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far […]
By Matthew Vadum The current feel-good push for a $15 an hour minimum wage has nothing to do with helping workers and everything to do with advancing the goals of the left wing, especially the labor movement. This is true despite the occasionally soaring rhetoric of President Obama amid the Left’s incessant whining about “income […]
Congress should not grant President Obama authority to conclude another free trade agreement in Asia, because it would lower American wages and exacerbate income inequality. The Trans-Pacific Partnership would eliminate tariffs and lower other regulatory barriers to trade and investment among the United States, South Korea, Japan, and nine other Pacific Rim nations. If successful, […]
SEATTLE (KCPQ/CNN) – A pizza shop owner in Seattle says the city’s new minimum wage law is forcing her to close her doors. The new law says businesses have six years to phase into giving employees $15 an hour. Devin Jeran was happy to get a raise when Seattle’s minimum wage went up to $11 […]
