#bluemodel

Minimum Wages Surged In 6 Cities Last Year; Then This HappenedAnother failed hypothesis. Hiring at restaurants, hotels and other leisure and hospitality sector venues slowed markedly last year in metro areas that saw big minimum-wage hikes, new Labor Department data show.Wherever cities implemented big minimum-wage hikes to $10 an hour or more last year, the… Continue reading #bluemodel

Reconciling the Union Leadership minimum wage rhetoric

AFL-CIO leader warns labor could sit out 2016 fight over tradeAFL-CIO President Richard Trumka threatens “no endorsement” for President, if Hillary supports the Trans-Pacific Partnership trade deal:…that's conceivable if both candidates weren't interested in raising wagesThey decided to pass something that was going to cost jobs and lower wages, and they're going to have to… Continue reading Reconciling the Union Leadership minimum wage rhetoric

The Road to Serfdom

A radio interview this morning involving a Michigan GOP apparatchik reminded me of the abysmal economic knowledge and preening disingenuity of the average politician. I think the perp was Senator Ron Jelinek, but I didn't actually note who this faceless ignoramus was. If I am wrong on this, I apologize. Whoever it was was from… Continue reading The Road to Serfdom