Advocates for raising the minimum wage often claim the rate’s real value has fallen since it was first implemented. University of California (Irvine) economics professor David Neumark, in the New York Times’ Economix blog, adds a new component to the debate by accounting for the earned-income tax credit (EITC).
How has seven years of pummeling by economic awfulness shaped the views of America’s youngest voters? Last week, my colleagues at Harvard’s Institute of Politics (IOP) released their fall poll of Millennials, and it reveals a politically detached generation. President Obama’s election
Walmart’s first two stores in D.C. are open for business on H Street and Georgia Avenue. Twenty-three thousand people applied for 800 job openings at the two new stores—an acceptance rate of less than 3.5 percent. In comparison, Ivy League
As student loan debt has almost tripled since 2004, start-up companies such as Upstart and Pave offer a solution. These firms allow those with excess money to invest in people and their careers. Graduate students from competitive universities are especially attractive targets for investors.
Who would have thought that Americans would cheer a 7 percent unemployment rate, well over four years after the beginning of the economic recovery? But the jobs report issued today by the Bureau of Labor Statistics is one of the best in years, with the
Ask almost anyone the most important economic facts about income distribution in America, and you are almost certain to hear that income distribution has worsened dramatically over the past generation and over the past decade in particular, with people at the top getting a bigger fraction of total personal income.
In our most recent poll, we asked e21 readers, “What is the most effective way policymakers could stimulate job creation?” A plurality (37 percent) believed simplifying regulations should be the top priority. “Cutting taxes” came in second place, with 26 percent of the vote total. About a fifth (19 percent) regarded immigration reform as most important.
Low-wage workers need more job opportunities, not a higher minimum wage. A minimum wage hike would harm employment opportunities of teens and low-skill workers. Fewer than 3 percent of American workers make the minimum wage, but these entry-level jobs are the first rung of the career ladder.