Maybe a higher minimum wage isn't so bad for job growth after all. The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a higher minimum has on hiring trends.
President Obama’s announcement Thursday of an executive order that would facilitate public-private partnerships for transportation projects is the latest in a years-long series of efforts to coax more private sector funding for public goods. One benefit these deals offer is a way for politicians to dodge tough choices about how to pay for the transportation network the public uses. But they are no panacea.
The 'economics of austerity'—which includes the continued Republican argument that government spending is a drain on both employment figures and economic growth and must be constantly curtailed—is killing the prospect of improved U.S. prosperity.
New York's Governor, Andrew Cuomo, has brought on a banking industry lobbyist as his chief policer of the banks that brought on the subprime crisis that tanked the nation's economy. Methinks he might go a little light on his banking buddies.
Imagine making a bet with a hardline trickle-down believer like Paul Ryan on a state's projected economic growth. If this bet actually took place, you would walk away the winner. And the trickle-down believers of America would be speechless.
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
On October 26, 1934 Claude Neal, a black man accused of murdering a young white woman in Jackson County, Florida, was dragged from his jail cell to be lynched. The event was rushed into the afternoon newspapers.
President Obama had some great lines in Austin Thursday night, sure to get the GOP riled up. With jobs and the economy on the up, Republican intransigence is looking more and more childish and stubborn. Watch the video here.
File this under "Shooting Yourself in the Foot." The states with the worst infrastructure woes are the very same ones with representatives trying to make it even worse. Republicans are refusing to budge, and their intransigence is allowing the Highway Trust Fund to run alarmingly low.