Wages & Prices
Greg Caskey is a 27-year-old Abington, Pennsylvania, native who is a social sciences teacher at Delaware Military Academy. The academy is a thriving charter high school in Wilmington, Delaware, that was founded in 2003 by two retired military officers, Charles Baldwin and Jack Wintermantel.
One series of MSNBC hot takes came on Deadline: White House about the U.S. leaving the Paris climate deal from former Time editor and Kerry State Department official Richard Stengel, who admitted that the move “does depress me a little bit” and will mean that the U.S. is now longer the most powerful nation on earth but simply “Little America.”
When we discuss international trade and balance of payments, there are two types of accounts. There is the current account, which includes goods and services imported and exported and receives the most political attention. In 2016, the American people imported $479 billion worth of goods and services from Chinese producers, and we sold $170 billion worth of goods and services to Chinese customers.
A Sunday item in the San Francisco Chronicle covered what reporter Justin Phillips has found is a major challenge for that city's restaurateurs. You see, many of them are struggling with how much virtue-signaling is appropriate in the wake of the election of Donald Trump and that city's defiant insistence on remaining an illegal-immigrant sanctuary. In light of a recent Harvard study on the effect of higher-than-market minimum wages and dismal jobs data from the government, restaurateurs and the press which covers this industry and several others need to look harder at another far more important issue: how many of these establishments will be unable to remain in business.
Thanks to the beneficence of the federal government (and the calendar), we Americans have until midnight on April 18 to file our income taxes. It's too bad filing taxes wasn't an easier process. President Trump has pledged to reform our tax code, which, to most people, currently reads like a foreign language.
The ultra-socialist state of New York became the first state in the union to saddle its taxpayers with “free” tuition to four-year public colleges and universities on Monday, and the liberal media couldn’t be happier. “The Empire State has become the first state to offer free four-year tuition to the state's public universities for low and middle-income families,” praised Anchor Lest Holt during NBC Nightly News, “It opens doors for students who otherwise couldn't afford it, but will other states follow New York's lead?”
Acting like a fangirl during a fawning interview with liberal Salesforce CEO Marc Benioff aired during Tuesday’s 9 a.m. ET hour, MSNBC host Stephanie Ruhle praised the prominent Hillary Clinton backer for using his position in business to push left-wing social justice issues and urged him to condemn the “void of trust” in the Trump administration.
This past week, President Trump issued a sweeping executive order unraveling a host of energy regulations enacted by President Obama. Predictably the news media were beside themselves over the matter. As my colleagues at Newsbusters adroitly pointed out, ABC, CBS, and NBC were in full panic mode.
Most Americans, whether liberal or conservative, Democratic or Republican, do not show much understanding or respect for the principles of personal liberty. We criticize our political leaders, but we must recognize that their behavior simply reflects the values of people who elected them to office. That means we are all to blame for greater governmental control over our lives and a decline in personal liberty. Let me outline some fundamental principles of liberty.
Last month, there was a national "Day Without a Latino." This week, the demonstration du jour shutting down schools and shops is a "Day Without a Women." Here's my question for all the virtue-signaling protesters who pay lip service to better jobs and wages: Where's your awareness-raising event for untold thousands of our country's high-skilled men and women victimized by H-1B visa havoc? Thanks to cheap labor-hungry big businesses and money-grubbing politicians in both parties, every day has become a "Day Without American Tech Workers."
A week ago, the Columbus Dispatch reported that Wendy's, the fast-food chain, announced "plans to install self-ordering kiosks in 1,000 of its stores — about 16 percent of its locations — by the end of the year." Although company officials observed 18 months ago that such a move would be inevitable if the trend towards laws demanding far-above-market minimum wages continued, both J.D. Malone's Dispatch story and the Associated Press's condensed version based on Malone's work do not mention minimum wages at all.
There is little question in most academic research that increases in the minimum wage lead to increases in unemployment. The debatable issue is the magnitude of the increase. An issue not often included in minimum wage debates is the substitution effects of minimum wage increases. The substitution effect might explain why Business for a Fair Minimum Wage, a national network of business owners and executives, argues for higher minimum wages. Let's look at substitution effects in general.