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Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
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Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
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The tariffs are causing far more damage than good.
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This is the thirteenth month in a row that earnings have slipped behind price inflation, with inflation remaining above 40-year highs. That is, for more than a year, ordinary people have been getting poorer.
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During a recent speech, Vice President Joe Biden blamed inflation on firms raising prices and urged them that they needed to decrease their business costs while increasing wages. The math is up to you.
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The only way to boost wages is to boost worker productivity.
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As part of his $1.9 trillion relief plan, President Joe Biden proposes to double the federal minimum wage from $7.25 per hour to $15 per hour.
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Hobby Lobby is raising the minimum wage for its full-time workers to $17 an hour ahead of the holiday season. The arts-and-crafts chain will implement the permanent raise Oct. 1, making it the latest big retailer to increase staffers’ pay amid the coronavirus pandemic. The Oklahoma-based company said it last hiked its minimum full-time wage …
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Read More: Target walks back forecast, will focus on supplying essentials during coronavirus outbreak Costco, Target see foot traffic drop after coronavirus stockpiling boom Target online sales surge, but rising coronavirus costs may hurt profits Americans use their stimulus checks to splurge at Walmart, Target and Best Buy
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One of the greatest takedowns of the minimum wage you’ll ever find comes from an unlikely place. The minimum wage is the Jason Vorhees of economics. It just won’t die. No matter how many jobs the minimum wage destroys, no matter how many times you debunk it, it always comes back to wreak more havoc. …
Almost as long as paper money has existed, unbacked paper and its inflationary implications have been around.
