Tag Archives: U.S. economy

Is minimum wage increase at this time harmful to the economy?

The last time the federal minimum wage was raised to $7.25 to all covered and non-exempt workers was in 2009.  Given the current average hourly wage of $20 President Obama is proposing a moderate hourly minimum wage increase of $9 … Read More

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More inflation at this time may be beneficial to the economy

Most Americans including politicians, media pundits, conservative economists and policy makers are averse to inflation (increase in prices).  In general this attitude makes sense.  In fact, in 1970 public opinion considered inflation as the greatest threat to the economy, and … Read More

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More workers went on disability than got jobs in June

In June, 80,000 American workers managed to get a job, and a third of those were temp workers. On the other hand, more workers — 85,000 — quit the work force and went on Social Security disability. The economy sucks, … Read More

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Cyclical vs. structural policies to revive the economy

On May 7, 2012, in “The Opinion Pages” of The New York Times (www.nytimes.com ), David Brooks, a New York Times columnist, argues in his piece “The Structural Revolution”, that the US economy cannot be put on the path of … Read More

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