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Tag: Economy
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Facing High Labor Costs From Minimum Wage Hikes, Chicago Restaurant Closes

Posted: August 23, 2016 at 3:35 pm   /   Friends

A Chicago restaurant abruptly closed this week, with ownership blaming the “rapidly changing labor market” and a 27 percent increase in base minimum wage costs over the last two years as culprits for the collapse. Cantina 1910, a farm-to-table Mexican restaurant located in Chicago’s Andersonville neighborhood, opened in September 2015. Former Cantina 1910 employees said […]

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Find Out How Many Jobs Your State Could Lose With a $15 Minimum Wage

Posted: August 22, 2016 at 12:43 pm   /   Friends

Following legislation in New York and California raising their statewide minimum wages to $15 an hour, a new study has found that such statewide mandates would lead to hundreds of thousands of job losses. According to a new study from The Heritage Foundation, proposals at the state and federal levels to raise the minimum wage […]

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Did Welfare Reform Really Throw 3.5 Million Children Into Third World Poverty? The Facts May Surprise You

Posted: August 22, 2016 at 12:01 am   /   Friends

Today is the 20th anniversary of welfare reform. Two decades ago, President Bill Clinton signed the Personal Responsibility and Work Opportunity Reconciliation Act, known as welfare reform, into law. The highly popular reform cut welfare caseloads by over 50 percent, sharply boosted the employment of the least-skilled single mothers, and pushed the poverty rates of […]

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Farm Subsidies Lead to Gluts and Calls for More Subsidies

Posted: August 19, 2016 at 1:58 pm   /   Friends

Lobbyists generally have a bad reputation, but all they really do is advocate for their client’s best interest. Those particular interests may not be best for the rest of the public, but that’s fine as long as the rest of the public understands what’s going on. Farm subsidies provide the perfect example. A farm lobbying […]

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How the Government Is Mandating Food Waste

Posted: August 19, 2016 at 1:32 pm   /   Friends

The federal government forces certain fruit and vegetable (and nut) growers to limit the sale of their goods. Just ask tart cherry growers. In July, a Michigan tart cherry farmer posted a photo on Facebook showing piles of his wasted cherries that will rot on the ground. He says 14 percent of his cherries are […]

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The Real Story About Free Trade and Manufacturing

Posted: August 19, 2016 at 8:22 am   /   Friends

International trade figures heavily in the presidential race. Presidential candidate Donald Trump said, “Hillary Clinton unleashed a trade war against the American worker when she supported one terrible trade deal after another—from NAFTA to China to South Korea.” And adding, “A Trump administration will end that war by getting a fair deal for the American […]

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Central Banks Now Selling US Debt at Record Pace

Posted: August 18, 2016 at 10:20 am   /   Friends

In the first six months of 2016, foreign central banks sold a net $192 billion of U.S. Treasury bills, notes, and bonds. This is more than double the pace from the same time last year. China, Japan, and Brazil were the leaders in selling U.S. debt. With the U.S. debt running at approximately $19.4 trillion, […]

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The Sneaky Way Obama Is Hiking Death Taxes

Posted: August 17, 2016 at 8:26 am   /   Friends

President Barack Obama isn’t afraid to enact his agenda over the will of Congress. At this late stage in his presidency, he’s still overreaching his authority to push through an agenda; his most recent overstep being an effort to unilaterally raise the federal estate tax. Conservatives have successfully lessened the impact of the estate tax, […]

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Congress Waits for Obama’s Final Regulatory Costs Report, Later Than Usual

Posted: August 12, 2016 at 2:13 pm   /   Friends

In President Barack Obama’s final year in office, the administration’s annual draft report to Congress on new federal regulations is later than usual and on track to arrive at least as late as last year. When the report does land, it likely will show Obama far outpaced his immediate predecessors by imposing a tangle of […]

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