Anyone who is actually on the ground trying to find a job knows that the American job market is bleak. But the statistics coming from the Labor Department (with the help of the Census Bureau) are not quite as dismal as reality: This Friday, the Labor Department will announce job growth and the unemployment rate […]
Continue reading →Conservatives get so tired of the civil government forcibly redistributing our wealth, sometimes we forget that voluntary redistribution of wealth is not just allowable, but commendable. Regardless of his political convictions, I applaud the active generosity of Dan Price, the CEO of credit card processor Gravity Payments. He has taken the minimum wage issue into […]
Continue reading →A recent article in The Atlantic challenges the oft-cited negative correlation between welfare programs and entrepreneurship by saying that welfare reduces the risks of starting a business, which would actually encourage entrepreneurship: This argument is particularly important today for two reasons. First, despite the headlines coming out of Silicon Valley, America has actually become less entrepreneurial over […]
Continue reading →Is income inequality a bad thing? Most people would say so. It seems obvious that income inequality is based on greed and corporate welfare, right? Some of it certainly is. But some of it is based on the fact that certain people hit on an extremely useful idea at the right time, take the necessary […]
Continue reading →According to a new chart from Deutsche Bank’s Torsten Sløk, 47% of Americans save absolutely none of their income. This statistic has not changed much actually in the past few years. And the average saving rate in the United States, which began a precipitous decline in the 1980s, has started declining again after a short […]
Continue reading →Mortgage giant Fannie Mae, the too-big-to-fail bailout beneficiary, is apparently at it again—doing everything in its power to sink the economy into another recession: The Federal Housing Finance Agency inspector general said its latest concerns involve Fannie Mae’s “haphazard” decision to fill a critical auditor position with an employee who lacked proper qualifications and suffered from […]
Continue reading →Jim Clifton, Chairman and CEO of Gallup, wrote an opinion piece recently calling the official government figures on unemployment “a Big Lie”: None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of […]
Continue reading →We’ve said it over and over again. Minimum wage hikes will not do a thing to help anyone. They result in either higher prices or layoffs, but they hurt small, local businesses the most. It seems the first casualty confirming our fears has been tallied in über-liberal San Francisco. Borderlands Bookstore will be closing its […]
Continue reading →According to a former executive at Shell Oil, we should expect to see gas prices go back up by the fall of this year. The reason? American oil producers are idling their oil rigs in this time of overabundant supply: In an interview with CNBC, former Shell Oil President John Hofmeister predicts that U.S. oil […]
Continue reading →In the midst of what some people are deigning to call an economic “recovery,” there is one group that is not gaining much traction: labor unions. They have posted their worst enrollment numbers in one hundred years. And there are numerous theories on why American workers are abandoning unions. One of the most popular is […]
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