Tag Archives: economics

Newly Unemployed Man Relieved by Econ. Study Showing Min. Wage Hikes Are Good for Workers

After getting laid off and being unemployed for five full months, Kwame Jackson was ready to hear some good news.*

It came this week, when he heard about a new study on the minimum wage prepared by a leading Ivy League-trained economist, Dr. Bertrand Hopkins. The study was consistent with the latest groundbreaking research on the subject, and added to a growing body of evidence that minimum wage increases are in fact good for workers–contrary to what the libertarian purists at the Heritage Foundation might have you believe.

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Presidential race to the bottom continues as Clinton embraces tariffs

Speaking at a rally in Michigan, Hillary Clinton apparently decided her current economic policies weren’t sufficiently destructive. To remedy this, she announced that she now supports using “targeted tariffs” against other countries that “have gamed the system.”
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The good, the hysterical, and the dangerous of Trump’s economic plan

Trump released his new economic plan yesterday, and the contents were pretty predictable. It’s essentially a blend of standard Republican ideas on taxation (lower) and regulation (less) combined with Trump’s continued insistence on protectionism. They make for strange bedfellows. Because while on the one hand, he proposes lowering income taxes and cutting and/or imposing a moratorium on new regulations, he also frequently talks about having new tariffs, which are just another tax.
Continue reading The good, the hysterical, and the dangerous of Trump’s economic plan