The Minimum Wage Impact

It has long been debated what effect mandatory minimum wages have on the labor force at large, the creation of new jobs and the benefits afforded minimum wage employees. Well, the ongoing labor shortage notwithstanding, there were a couple of new reports released recently that shed additional light on those questions. First, the Federal Reserve…

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“Raise The Wage” Will Cost 1.3 Million Jobs

Just last week, we advised of a study by the left-leaning UCal Berkeley Institute for Research on Labor and Employment that concluded raising the federal minimum wage by more than 100% over a five year span would not negatively impact employment. Well, this week the non-partisan Congressional Budget Office (CBO) sprinkled a little bit of…

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You Can’t Make This Stuff Up!

So, just yesterday it was reported that earlier this week the New Jersey Senate approved legislation authorizing the payment of unemployment benefits to striking workers.  Assembly Speaker Vinnie Prieto, who plans a vote on the issue soon, opined that strikers should not have to go weeks without getting compensation!  Wait, what??  Then, it follows that…

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Wal-Mart Closings and $15/hour?

One can’t help but wonder on the correlation between Wal-Mart giving in to public pressure last February and agreeing to raise their minimum wages across the country and their more recent announcement that the world’s largest retail company will close 154 stores across the nation and an additional 115 elsewhere around the globe.  The US…

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