CBO Says $15 Federal Minimum Wage Will Cost 1.3 Million Jobs
The Congressional Budget Office says 17 million workers will see higher paychecks, but the poorest and least skilled are likely to be left out.
The Congressional Budget Office says 17 million workers will see higher paychecks, but the poorest and least skilled are likely to be left out.
Who could have seen that coming? Well, lots of people did—but the U.S. International Trade Commission and President Trump didn't listen.
The biggest American steelmaker says there has been reduced demand for their products in recent months, probably because they raised prices after Trump slapped tariffs on foreign steel.
If the past is any sort of guide to what comes next, his fears about a jobless economy (and his policy prescriptions to fix it) are completely misplaced.
Making low-skill workers more expensive means getting them replaced by automation.
An investigation into why people are working more without accomplishing more
New study argues the tariffs have boosted employment, but doesn't examine the costs of President Donald Trump's protectionism.
Looks like Scott Walker got Foxconned
A state supreme court ruling jeopardizes the very idea of independent contractors in several trades.
The program's goals might be admirable, but the reality is a whole different story.
Once again, government would best serve the public by just getting out of the way.
Thirty years of data show "refugee burden" is a myth: Migrants to Europe have been a significant economic benefit
And it's cruel to tell people that government policy can reverse the decline.
The economic illiteracy of Bernie Sanders
Can't get work? Trim hedges for the government!
"Tariffs will inadvertently drive the price of American steel higher," says American Keg CEO Paul Czachor.
No robots need apply.
Will the economic and social benefits of the solar panel tariffs outweigh their costs? Not likely.
A backwards, protectionist law mandating an obsolete job has been only slightly relaxed.
A loss of opportunities equal to about four percent of the workforce.
In the race to shower Amazon with economic development cash, the only winning move is not to play-as San Antonio has decided to do.
The former fast food restaurant CEO says a $15 wage floor steals opportunities from entry-level workers.
Whether automation produces net job losses depends on the relative sizes of its job-creation and job-destruction effects.
How flag-waving nationalism provides cover for a destructive economic policy.
Instead of sweeping new government entitlements, policymakers should instead seek policy reforms that help workers while minimizing economic disruption.
How licensing laws that block people with criminal records harm the formerly incarcerated and the economy.
A new study reminds us that the law of supply and demand still applies to labor
More than 11 percent of prime working-age men in the U.S. are outside the job market.
"Fair Work Week" would penalize employers and likely cost jobs, hours, and employee flexibility.
The future of human-robot relations is silly and sensible, not sinister.
Many technologists think so, but economists aren't so easily convinced.
'Immigration represents an opportunity rather than a threat to our economy and to American workers.'
In contrast, the mortality rate for college-educated whites continues to fall.
Taxing automation would slow down progress and ultimately make most of us poorer than we would otherwise be.
The businessman turned president's hysterical fear of terrorists is bad for business.
Protectionism springs from ignorance of basic facts and economic principles.
After finding out he's being duped by businesses, the president-elect lashed out at NBC for informing him.
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