Among the foreign-born residing in the United States, the labor-force participation rate is 65.8%. For the native-born population, the labor-force participation rate is lower: 62.9%.
Extending overtime pay to millions of Americans who aren’t currently eligible will burden millions of American businesses. But workers probably stand to lose the most.
The president just awarded 78-year-old economist Arthur Laffer the Presidential Medal of Freedom. Some call the namesake of the so-called Laffer curve a kook and a fake; others see him as a hero.
The statue’s boosters are trying to raise $262,000 to ensure its permanent presence. Critics argue Ann has had her day and the funds could be better used elsewhere.
While we honor the remaining nonagenarians who bravely fought at the beaches of Normandy, let’s not forget that the odious philosophy they fought against, National Socialism, still has traction in some circles.
If President Trump’s new round of tariffs–this time aganst Mexico–is implemented, it will raise costs for producers, lower returns for investors, raise prices for consumers, and destroy jobs.
Because a worker can pick a greater mass of strawberry with each muscle movement, a bigger berry–like machinery–substitutes for more expensive labor.
Over the last 15 years, total student loan debt exploded from $600 billion to more than $1.5 trillion and now exceeds credit card debt.
Where do dire prognosticators go wrong? We think it comes from seeing the world economy as a zero sum-game.
Becoming a truly informed voter takes a lot of time. But the odds that an individual’s vote decides an outcome is vanishingly small. So most voters conclude it isn’t worth the effort.
Democratic socialism is much more than bumping up federal social spending. It is designed to generate fundamental changes in our economic order.
Unfortunately, the size of the working age population has been growing slowly and even shrank slightly last year. This poses a real problem for our nation’s finances.
Last month, Indy-based Eli Lilly and Co., the original innovator in insulin, introduced the first low-priced “generic” version of its current insulin product.
Since 2008, the Fed has explicitly tried to steer the entire economy by targeting long-term rates. This is a major expansion of Fed power.
From an economist’s perspective, the simplest and most straightforward way to speed the evolution from fossil fuels to clean energy—if that is what we want—is by directly taxing the attribute of fossil fuel that is offending: its carbon emissions.
The act, passed in 1920, stipulates that cargo shipped between domestic ports must be transported by ships that are domestically built, flagged and crewed.
full-service restaurants in New York City employed 3,000 fewer workers in December 2018 than in December 2017; the city increased the minimum wage from $11 an hour to $13 in 2018.
Americans are more divided on political issues today than at any time since the Civil War. This makes the Feb. 20 U.S. Supreme Court’s ruling in Timbs v. Indiana a breath of fresh air.
In delivering the Fed’s semiannual monetary report to Congress, Powell said the Fed will be “patient” in determining when to boost its benchmark policy rate in light of the various “crosscurrents and conflicting signals.”
We welcome you but won’t worship you nor give you everything you want.
