Economics

New York City: The Front Line of Minimum Wage Misery 0
- Economics
- October 15, 2019
Surprise, surprise: minimum wage hikes are bringing unintended consequences to the Big Apple. They’re especially pronounced on the Upper West Side, where a neighborhood staple recently shuttered its doors due to the city’s $15-an-hour minimum wage. At the end of September, Gabriela’s Restaurant and Tequila Bar officially closed after 25 years in business, citing sky-high labor
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Why a ‘Billionaire’ Wealth Tax Would Hurt the Working Poor and the Middle Class 0
- Economics
- October 7, 2019
Vermont Senator Bernie Sanders wants to tax billionaires out of existence, or at least make them an endangered species. His proposed wealth tax of up to eight percent per year would mean “the wealth of billionaires would be cut in half over 15 years,” he says. The progressive tax would start at one percent on
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Climate Protest Goes Sadly Awry 0
- Economics
- October 3, 2019
It takes skill to be a professional activist. You have to be creative. Impactful. Memorable. Professional activists must constantly think of new and interesting ways to stick it to man in order to create public awareness about the problems they care about most. Strangely enough, this often means throwing staining substances on people. One example of this is PETA flour bombing on celebrities who wear fur. Another
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Why the United Auto Workers GM Strike Is Headed for Failure 0
- Economics
- September 25, 2019
The United Auto Workers union has a long history of successful strikes against General Motors. The most famous example is the 1936 to 1937 Flint strike that resulted in higher wages and the union being recognized for the first time as the sole collective bargaining representative of workers by GM. For the next 15 years,
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The ‘Medicare for All’ Math Doesn’t Add Up 0
- Economics
- September 19, 2019
Senator Elizabeth Warren has said more than once she’s “with Bernie” on Medicare for All, a reference to Sen. Bernie Sanders’ ambitious plan to nationalize America’s health care system. Unlike Sanders, however, Warren is refusing to say how she’ll pay for it. Last week during ABC’s presidential debate, she dodged a question from George Stephanopoulos, who
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Can Tweets Have a Negative Effect on the Economy?0
- Economics
- September 13, 2019
Think before you speak. This is the first lesson political advisors teach rookie politicians. Unfortunately, President Trump has always turned a deaf ear to the advice of those around him. Trump never refrains from expressing his views openly (especially on Twitter,) no matter the impact his words may have on the economy. Trump’s verbal incontinence
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