Wages & Prices

Liberal Washington Post opinion columnist David Von Drehle is sure President Donald Trump will face “a recession, slump, or God forbid, crash” before the 2020 presidential election — despite the strong economic gains so far under Trump. Von Drehle’s Jan. 5, opinion piece, “The Trump Recession is Coming,” was littered with economic language, but revealed his political bias. Von Drehle himself is…

How many companies have to announce new tax law-driven bonuses and raises before the left and some in the establishment press finally stop calling them "PR stunts" or some equivalent? It's doubtful we'll ever know, because even though announcements continued well into this past week and have crossed the triple-digit mark with over 1 million employees affected, media interest in compiling or…

This one's for the "They can't possibly believe what they're writing" file. Thursday morning, Ben White and Nancy Cook at Politico actually claimed that President Donald Trump is building "his 2018 political message by rebranding" predecessor Barack Obama's "economic legacy."

As Michigan Democratic Rep. Debbie Dingell appeared as a guest on Tuesday's New Day, CNN host Alisyn Camerota at one point seemed to fret that businesses are planning to pay out bonuses after the tax cuts were passed as a way of making their employees grateful to Republicans for their pay increase and coax them to vote for the GOP -- and that the ploy might succeed.

Moments after the final passage of Tax Cuts and Jobs Act, CNN senior White House correspondent Jim Acosta dumped cold water on the new law, declaring that Republicans could suffer “unintended consequences because there were hardly any hearings on this, because there wasn’t much discussion in the public” concerning the “deeply unpopular” bill.

On Tuesday afternoon, MSNBC Live host Katy Tur reinforced the notion held by some that, quite simply, she’s not ready for primetime when it comes to being a substantive host. The latest example came when her far-left economic views ran into a buzzsaw against Republican Congressman and former economics professor Dave Brat.

Saturday’s New York Times lead desperately tried to spin away the strong Trump economy by warning of hypothetical dangers from a tax cut plan that’s not passed into law yet or even set in stone yet: “Sizzling Economy Carries Warning: Tax Cuts May Burn – Concerns of Inflation – Jobs Report Lifts Trump but Raises Specter of ‘Boom-Bust Cycle.” It's a churlish pattern on the part of the paper, which…

You had to figure that the Associated Press would at some point finally recognize the existence of the nation's "booming economy," at least compared to the historically weak 7-1/2 years of post-recession malaise which preceded it. Well, they're finally doing it — and erroneously tagging it with sole blame for the fast-growing homelessness problem in the nation's three West Coast states.

In a story which should have been recognized at least two months and possibly 5-6 months ago but which remained unreported until last week, a Chicago bakery lost one-third of its workforce in July. Press reports during the past week, most prominently one from Bloomberg News seen in the Chicago Tribune and elsewhere, won't directly admit what should be obvious, though the company involved is…

At the Associated Press on Friday, economics writer Paul Wiseman attempted to rewrite history, pretending that "trickle down" economics is a term Republicans have used for their economic plans since the days of Ronald Reagan, and that the current GOP tax plan which has made it through the House and is being considered by the Senate is more of the same thing. In fact, Reagan's policies, which were…

The American economy is doing great as reflected in the fact that blue collar wages are surging. However, please don't give President Donald Trump any credit for this. He is merely the passive recipient of "fortunate timing." That is the theme of the November 14 story in The Economist that can't even get around to giving Trump even begrudging credit for the economic growth that has taken place…

One of the most challenging and important jobs for an economics professor is to teach students how little we know and can possibly know. My longtime friend and colleague Dr. Thomas Sowell says, "It takes considerable knowledge just to realize the extent of your own ignorance." Nobel laureate Friedrich August von Hayek admonished, "The curious task of economics is to demonstrate to men how little…

The U.S. unemployment rate dropped to the lowest level in seventeen years, according to the Bureau of Labor Statistics’ October jobs report. The report also showed 261,000 jobs added, but ABC didn’t bother covering the good economic news on Nov. 3. World News Tonight ignored the report, but found time to cover a study blaming fossil fuels for “man-made” global warming.

Target announced it will raise its starting wage for employees to $11 an hour by October, to better compete for holiday workers. But Fight for $15 activists are trying to claim it as a victory of their own. The retail giant also said that starting pay would be $15 by 2020.