Wages & Prices

When it comes to covering the economy under President Obama, the broadcast networks have a habit of covering good economic news, but glossing over or ignoring bad economic news. It turns out coverage of income and poverty data from the Census got the same treatment with all three networks covering “great news” on Sept. 13, 2016. However, a year earlier only CBS Evening News covered the data…

Some are puzzled by the dishonesty, lack of character and sheer stupidity of many people in the media. But seeing as most of them are college graduates, they don't bear the full blame. They are taught by dishonest and irresponsible academics. Let's look at it.  

A general economic principle is that any law or regulation that restricts market entry tends to impose the greatest burden on those who can be described as poor, latecomers, discriminated-against and politically weak.

CNN on Monday displayed the latest example of the double standard that, while liberals are known for recounting social problems that disproportionately hit America's black population like poverty or shootings when they can promote liberal policy prescriptions like government spending or gun control, when conservatives raise these same issues with the promise of a conservative-based prescription,…

International trade figures heavily in the presidential race. Presidential candidate Donald Trump said, "Hillary Clinton unleashed a trade war against the American worker when she supported one terrible trade deal after another - from NAFTA to China to South Korea." And adding, "A Trump Administration will end that war by getting a fair deal for the American people. The era of economic surrender…

While we shouldn't live in the past, we can certainly learn from it. We are not the first humans to walk the Earth and yet too many, especially the young, suffer from the conceit that history is just a boring subject in school. PBS is rerunning episodes on its award-winning series "American Experience" on modern presidents and the challenges they faced. Each episode retraces what presidents…

It’s no secret that I’m very leery of Donald Trump. Simply stated, I don’t sense any genuine commitment to smaller government and free markets. But skepticism isn’t the same as bias and there is plenty of it in the media. As Julia Seymour at Newsbusters recently pointed out: 2 of 3 Networks Cover ‘Good’ Jobs News; All 3 Silent about Collapsing GDP. 

COLORADO SPRINGS — My adopted hometown will soon be the base of operations for a new Netflix movie starring aging elitist hippies Robert Redford (estimated net worth: $170 million) and Jane Fonda (estimated net worth: $120 million).  

In Saturday’s lead New York Times story, reporter Jackie Calmes glimpsed a silver lining in the rise of Donald Trump, as a challenge to the Republican party's myopic focus on “business and the privileged” that could relegate Reagan's "outmoded" ideas of tax cuts to the dustbin of history. The full deck of headlines: “As Trump Rises, G.O.P. Faces Push On Its Economics – Working-Class Appeal –…

What economists call an ability to make "compensating differences" is a valuable tool in everyone's arsenal. If people are prohibited from doing so, they are always worse off. You say, "Williams, I never heard of compensating differences. What are they?"  

Secret isn’t just selling deodorant these days; it’s also advertising the fabled ‘wage gap.’ In the company’s popular “Raise” commercial, a young woman stand in front of a bathroom mirror, nervously preparing to ask her boss for raise. But whether or not her deodorant can hold up against her anxiety takes a back seat to her battle for equal pay.

Venezuela’s economy continues to deteriorate under the rule of its socialist president Nicolas Maduro. The collapsing economy, combined with government regulations and price controls created a food shortage so severe some have taken drastic measures. One group of desperate Venezuelans broke into a zoo and butchered a horse for meat on July 24, according to Fusion’s Manuel Rueda.

They call it a comeback. It is true, the U.S. economy is no longer in the depths of what has been called “The Great Recession.” But, in many ways the economy remains “weak.” Overall economic growth remains “subpar” and labor force participation rates remain shocking, not far from 38-year lows. Then of course there’s poverty, food stamp use, weak wage growth and household income struggles. The…