Sanders has been dinging Amazon on Twitter and in public statements for months, claiming the company doesn’t pay its lower-level employees a fair wage. It’s a rare public response for Amazon. It has been largely silent amid repeated public attacks …
Socialists don’t have time to be looking back at the blazing trail of destruction they leave in their wake. via reason: Before she was the rising star of the progressive left, Alexandria Ocasio-Cortez worked shifts at the iconic Coffee Shop in Union Square, …
This time from Minnesota: Following the minimum wage increases limited service restaurant employment fell by 4% in Minnesota relative to Wisconsin. Further, youth employment fell by 9% in Minnesota following the minimum wage increases, while it increased by 10.6% in …
by John Rubino Today’s Wall Street Journal contains a couple of charts that illustrate a relationship that’s not getting much media attention these days: The fact that tightening labor markets are forcing companies to raise wages, in the process squeezing their own …
via newrepublic: Rising wages horrify CNBC but delight everyone else. On Thursday, the business news network tweeted: America’s labor shortage is approaching epidemic proportions, and it could be employers who end up paying. https://t.co/b1O21856sl — CNBC (@CNBC) July 5, 2018 …
by David Haggith No, the Trump tax breaks for major corporations are not going to bonuses and wage increases. Sure we’ve seen some token $1,000 bonuses go out to laborers with hyuge orchestrated fanfare. The stint of articles you saw all over …
Do you think the average person has overextended themselves? If so, what are they buying? The financial situation for most Americans isn’t looking pretty. With asset prices rising and wages remaining stagnant, we have encountered a big problem. There’s no …
by Harry Dent There’s no end to the insanity. Our central bankers and politicians are trying to keep this artificial bubble going at all costs. How shortsighted. How arrogant. How selfish! These politicians will be roasted in history, not just for …
from Zero Hedge May saw the fifth NYC taxi driver commit suicide in five months, an alarming trend which is gaining momentum. Yu Mein Chow, a 56-year-old immigrant, living in Queens, was found dead last week, floating down the East River near the …
By Lance Gaitan I write about inflation extensively because it directly affects bond prices. When inflation rises, bond prices fall, and vice-versa. (And, of course, my readers book profits off those price moves via Treasury Profits Accelerator.) Wholesale (producer) prices usually foreshadow what’s …
by Shaun Richards This morning has brought news from the land of the rising sun or Nihon. Actually it is news that much of the media has been churning out over the Abenomics era when they have tried to report …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Slightly good news for workers, bad news for employer profits, and combustible fuel for the Fed’s monetary-policy tightening machine. Total compensation costs for civilian workers — which include wages, salaries, and benefits of workers in the …
In your opinion, do the GDP, inflation, employment, etc match reality?
by Charles Hugh-Smith The vise will tighten until something breaks. It could be the currency, it could be the political status quo, it could be the credit/debt system–or all three. The problem with an economy dominated by state-enforced cartels and …
Throughout the 2016 presidential election, Democrats attacked the current federal minimum wage as a “starvation wage,” but according to a new lawsuit, they paid their own workers less than the amount currently mandated by law. “I think everyone’s reaction is …