How Helpful is Raising the Minimum Wage?

While poverty is a serious problem, is forcefully raising the minimum wage really the best way to solve it? Are their better ways? USA Today reports the political controversy over recent findings from the Congressional Budget Office (CBO) on the proposed federal minimum wage increase. The CBO examined what increasing the minimum wage to $10.10 […]

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Needed: More Apprenticeship?

If given the choice, would you rather, A) Pay top dollar for a college education, with (unguaranteed) hopes it will give you a better job at the end of four years, Or B) Get paid to learn skills on the job? If given the choice, would you rather A) Pay top dollar for a college […]

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The Truth About the Minimum Wage

People don’t like to think that anyone’s labor is worth less than the minimum wage. Someone might end up flipping burgers for $5.00 an hour. You might think the minimum wage is a way of paying some sort of dignity premium–hence language like “living wage.” People with such good intentions look at the direct beneficiaries […]

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Writing: A Disappearing Job Skill?

Want to develop job skills? Try writing, a skill employers find lacking today, according to an article by CNBC business journalist Kelley Holland. Want to develop job skills? Try writing, a skill employers find lacking today, according to an article by CNBC business journalist Kelley Holland. Holland says, “Despite stubbornly high unemployment, many employers complain […]

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The Problem of Underemployment

Not unemployed, but not fully employed, either? This has become a national trend, with Mississippi among the highest rates. Not unemployed, but not fully employed, either? This has become a national trend, with Mississippi among the highest rates. Wendell Cox, contributing editor for New Geography, recently addressed the problem of “Underemployment in America,” saying this […]

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Uncertainty?

In a recent interview of several CEOs by the Wall Street Journal, investment firm CEO Robert Reynolds addressed the effect uncertainty has on jobs. He mentioned how Washington’s turbulence on issues like the government shutdown, government debt, and the new healthcare laws would cut down on hiring because of the uncertain picture they paint of […]

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Fracking: Glass Half-Full or Half-Empty?

Fracking has been hailed as a revolution in the American energy field. But according to a November article in The Economist, not all are optimistic about the benefits fracking will have on the economy. Some big companies have had poor investment results, and a Goldman Sachs report predicted only a “modest [economic] boost” from shale […]

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Beware Unintended Consequences

What’s the problem with subsidies and tax penalties? For one thing, they are incentives, and individuals naturally respond to incentives. Unfortunately, policymakers do not seem to grasp the unintended (or at least, hidden) incentives built into their laws—incentives that could prove counteractive to their very goals. What’s the problem with subsidies and tax penalties? For […]

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