Economics

Restaurant Chain Announces Bankruptcy, Says Minimum Wage Hikes to Blame 0
- Economics
- July 11, 2019
Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage laws. The company, which has operated since the Lyndon Johnson Administration, said rising labor costs—part of a national trend of government-mandated minimum increases—were part of its decision. One Factor of Bankruptcy
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Progressives Propose to Eliminate Over a Million Jobs Held by the Working Poor 0
- Economics
- July 10, 2019
The Democratic presidential candidates are in agreement on a proposal to eliminate 1.3 million jobs nationwide. That’s not the way they would frame the issue, of course. Saying that you will eliminate over a million jobs held by the poorest people in America is not exactly a winning message. Instead, they frame it as a
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New York City’s Students Deserve School Choice 0
- Economics
- July 8, 2019
Heloise Moxey does not want to send her four-year-old son Bentley to the low-performing, South Bronx district schools that he is zoned to attend. “I won’t send him to the local public schools. The scores are horrible,” she said, adding that older son Lamar, 8, is thriving at the Leader’s Institute Charter School in Harlem.
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Why the Minimum Wage Can’t Solve the Poverty Problem 0
- Economics
- July 5, 2019
If wages for those at the bottom are high, you may naturally expect low poverty rates. No matter how you define it, higher wages would most logically relieve poverty levels. This is also the argument made by the Economic Policy Institute (EPI). An increase in the minimum wage may very well reduce poverty in the
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The Deafening Silence on Social Security’s Looming Insolvency 0
- Economics
- July 3, 2019
As the 2020 presidential campaign heats up, it’s disturbing that members of both parties seem unwilling to talk about Social Security. It appears that the program is on such shaky ground that even its mention is political dynamite. How bad is it? Social Security will become insolvent in just 16 years. Who says so? The
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The Entrepreneur Who Became a Billionaire After Being Rejected by Facebook 0
- Economics
- June 19, 2019
Jan Koum had a rough upbringing. At 16, he immigrated from Europe to the United States with his mother and grandmother, who were fleeing political unrest and religious persecution. Jan’s mother got a job as a babysitter in California while Jan went to school and worked at a grocery store cleaning floors. His father planned
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