Commentary How does the minimum wage affect the Fed’s biggest fear? I touched on this subject previously as the Fed began its rate-hiking campaign. However, while the issue of the “millions of people” who aren’t paid a “living wage” for work makes headlines, the actual numbers are pretty underwhelming. As of the end of 2021,…

Commentary How does the minimum wage affect the Fed’s biggest fear? I touched on this subject previously as the Fed began its rate-hiking campaign. However, while the issue of the “millions of people” who aren’t paid a “living wage” for work makes headlines, the actual numbers are pretty underwhelming. As of the end of 2021,…

Certain businesses, employers, and employees face several changes as hundreds of new laws go into effect Jan. 1 affecting minimum wages, time off for the death of a family member, no more tax on women’s hygiene products, and more. Here’s a quick look at a handful of the most notable: Minimum Wage Raise (SB 3)…

Twenty-three U.S. states are on the verge of implementing a $15 an hour minimum wage. Historically high inflation growth has been surpassing wage gains over the past year, leaving millions of American workers struggling to pay their bills. The price of goods is now at a 40-year historical high, while mortgage rates are twice what…

Josh Shapiro, Pennsylvania’s attorney general and Democrat gubernatorial candidate is spending the final days on the campaign trail on a bus tour hitting multiple cities each day. Speaking to a crowd of around 200 supporters in Lancaster, Shapiro highlighted his plan to provide more opportunities for future generations. “I worry, moms and dads, that we…

Ballot measures related to abortion, marijuana, and slavery are among a diverse array of issues voters in 37 states will see at the polls this fall. Taxes, infrastructure bonds, crime, minimum wage, elections, and the structure of state government are also among common themes on Nov. 8 ballots nationwide. An expected flurry of measures related…

Commentary Proponents of a higher minimum wage believe it would reduce poverty, while economists believe it would reduce employment. Meanwhile, rising labor costs are driving automation to make workers redundant. On Aug. 16, President Joe Biden signed the $700 billion-plus Inflation Reduction Act. Some experts believe it will not help curb inflation, whereas others believe it will…

Which group of people does Biden consider MAGA Republicans? The White House gives an answer while trying to defend the president’s recent remarks that many criticize as divisive. The Senate is back in session, and funding the government is now a top priority. How much new spending has the White House requested? And will Democrats…

Commentary In one of my first real jobs, I was standing with some employees on the sales floor of a men’s suit shop and the boss walked by. “Please straighten up these ties, fellas,” he said. My friend waited for the man to move out of earshot and said: “No way am I doing that…

Commentary Perhaps the most sophisticated argument in favor of the minimum wage law is the one based on monopsony (a single buyer of labor in this case) or oligopsony (very few potential employers). It is a counter to this riposte: If the minimum wage law is so great, if it really boosts wages to the…