Seemingly no amount of empirical evidence can 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. 1,381 more words
Tags » Federal Reserve
WEEKLY UPDATE – August 22, 2016
The S&P 500 and Dow ended last week slightly lower, but the NASDAQ posted an eighth straight week of gains for the first time since 2010. For the week, the S&P 500 lost 0.01%, the Dow fell 0.13%, the NASDAQ gained 0.10%,and the MSCI EAFE lost 0.64%. 1,274 more words
August 21, 2016
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Wealthy Have Nearly Healed From Recession; the Poor Haven’t … The Great Recession and the subsequent recovery from it have deepened the wedge between the very wealthy and everyone else in America, plunging the poor deeper into debt and wiping out two-fifths of the wealth held by families in the heart of the middle class.
Gambit or Prelude?
$1.25 Minimum Wage?…from Rico
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This is probably the first time the Federal Reserve has received this kind of negative feedback; it gets nothing but adulation from the press and financial market participants. 126 more words