The federal minimum wage has not been raised since July 2009. Since then, overall hourly wages have risen more than 25%, and inflation has risen by nearly 20%. Wages of minimum-wage workers have clearly fallen further and further behind the wages of other workers and have not kept pace with ...

Almost every day in the news we see, hear or read something about tariffs (taxes on imports). There is news of whether new tariffs will be imposed or existing tariffs will be increased, or decreased, or put on hold, and who pays for tariffs, and who is lying about who pays tariffs. ...

A couple of weeks ago, the Congressional Research Service published a report that shows the 2017 Tax Cuts and Jobs Act has provided few, if any, benefits for the U.S. economy. The CRS report, “The Economic Effects of the 2017 Tax Revision: Preliminary Observations,” debunks many of the ...

Is it any wonder the recent trade negotiations between the U.S. and China ended in a stalemate? The answer is quite simple, you know. China’s President Xi (pronounced shee) is feeling like a jilted lover. After all, President Trump has a self-proclaimed love affair with North Korea’s ...

Since 2000, nearly all the increase in U.S. employment has been attributed to an increase in workers 55 years old and older. Employment gains of those 55 and older has outstripped job gains of those under 55 by 18 to 1. As highlighted in his blog post, “Older Workers Account for All Net ...

Over the last few months or so, you might have heard of the unaffordable, $400 emergency, especially from politicians and the media. The source of that information is the Board of Governors of the Federal Reserve System (The Fed). According to their Report on the Economic Well-Being of U.S. ...