Economics

Is a Recession around the Corner?0
- Economics
- April 5, 2019
Is the US heading towards recession? That depends on whom you ask. Nobel laureate economist Paul Krugman believes the country will face an economic downturn sometime in the next two years. But the latest CNBC survey of chief financial officers shows businesses don’t expect a recession in the near future. The dismal track record of
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The Startling Price Tag of Paid Family Leave 0
- Economics
- April 4, 2019
A new report suggests that the Democrats’ FAMILY Act paid leave proposal is substantially more costly than previously estimated. The difference is meaningful: using more realistic assumptions, the cost of national paid leave is 7-fold greater than previous estimates, and taxpayers would be picking up the tab. The American Action Forum analysis uses data from Cato’s paid family
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How the Minimum Wage Affected Workers During (and After) the Great Recession 0
- Economics
- April 3, 2019
The law of demand is one of the most fundamental concepts of economics. This law states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. Most of the time this is too obvious to mention. Yet people seem to think we can suspend
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Does Equal Pay Day Promote Myths About Women’s Pay?0
- Economics
- April 2, 2019
Today is Equal Pay Day. That means it’s time for people to peddle myths about what women are paid for doing the same job as a man. Many of those who promote Equal Pay Day cite a misleading statistic that the average woman makes 20% less than the average man. But this statistic compares women
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A Government Guide to Keeping Insulin Unaffordable: 3 Easy Steps to Hogtie a Market 0
- Economics
- March 26, 2019
If you’ve heard anything about insulin lately, it’s probably been palpable outrage over soaring prescription prices or dubious optimism about Eli Lilly’s recent release of its new version that, at half the price, will cost an arm or a leg but not both. Amid this cesspool of indignant commentary, you’re likely to hear one of
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The Pitfalls of Ethnic Pay Gaps 0
- Economics
- March 19, 2019
British Prime Minister Theresa May is obsessed with measuring pay gaps between social groups. She championed the requirement for companies with more than 250 workers to measure the so-called “gender pay gap.” Now she wishes companies to measure the “ethnic pay gap.” Yet these measurements, hailed by champions of intersectional theory, produce deceptive statistics that
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