Tag: Employment

More on How Obamacare Is Affecting Jobs »

Just over the weekend, Paul Krugman was again claiming that Obamacare is not affecting the labor market in a blog post entitled Lies, Damned Lies, and Fox News. Yet Jed Graham notes that: [R]eport after report has rolled in about employers restricting work hours to fewer than 30 per week—the point where the mandate...
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When Extremism Is Seen as Moderate... »

France’s National Front, the far-right organization that has become a symbol of the xenophobic, Euroskeptic, nationalist reaction against the prevailing problems in Europe, has sent ripples across the world by topping the latest polls and winning a significant by-election. Marine Le Pen, its leader, is busy giving birth to a continent-wide movement of like-minded...
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New York Times Wrong about Government Childcare Delivery »

When it comes to government-run childcare and preschool, the delivery is worth all the labor pains—so says University of Massachusetts, Amherst, economics professor emerita Nancy Folbre in her recent New York Times article. Folbre’s sentiment reflects that of House Democratic Leader Nancy Pelosi, who insists America has an early childcare and education “crisis” that...
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All I Really Need to Know I Learned from Reading Higgs »

Further to Bob Higgs’s earlier post, Thinking Is Research, Too!, down in Texas, the Chairman of the Dallas Fed has the odd practice of looking beyond government stats and actually (gasp!) asking real people how they think the economy is going. From a profile of the President and CEO of the Dallas Fed, Richard...
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Thinking Is Research, Too! »

Bill Parker, an old friend of mine who died in 2000, was director of graduate studies in economics at Yale for thirteen years. He told me once about his struggles with his colleagues, who, he believed, were spending too much time on technique and not enough time on substance in teaching their courses. The...
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New Book Exposes the ‘Terrible 10′ Worst U.S. Economic Policy Mistakes »

Despite enjoying impressive economic growth over the past century, Americans have also been the victims of scores of stupid government mistakes that have made them poorer. For many the blunders led only to temporary setbacks, but for others the errors created life-altering disasters from which they never recovered. In the new book The Terrible...
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Did Workers Get Trapped in the Federal ‘Safety Net’? »

Did federal expansion of the social safety net worsen the U.S. recession? University of Chicago economics professor Casey B. Mulligan believes it did, and his rigorously argued book from Oxford University Press makes a plausible case. The book, The Redistribution Recession: How Labor Market Distortions Contracted the Economy, draws on Mulligan’s own empirical research...
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California’s Pension Tsunami Swells as Pension Benefits Surge »

The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund. It also has massive unfunded liabilities, as much as $290 billion depending on the calculation method. Many are quick to blame the Great Recession and its low investment returns for the unfunded debts. But new data uncovered by the Sacramento...
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Will Obamacare Help or Hurt the Economy? »

Ask almost any employer and there won’t be much doubt: the Affordable Care Act is likely to raise the cost of labor, discourage hiring, and have a negative effect on the economy. Some economists are pushing back, however. In 2011, David Cutler of Harvard testified that the Affordable Care Act would reduce average health...
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Political Hustle by Fast Food Workers »

Within the past week or so, the employees of fast food restaurants in several major U.S. cities went “on strike” for a day to demand a so-called living wage of $15 per hour, more than twice the current federal minimum hourly wage of $7.25. I will not rehearse the economic analysis of the minimum...
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