(Source: CNNMoney) The Republicans are giddy after the Congressional Budget Office (CBO) issued a new report suggesting as many as 1 million jobs might be lost if the federal minimum wages goes from $7.25 per hour to $10.10, as proposed by President Barack Obama. Indeed, that sounds like a lot. Why focus on wages when […]

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The Republicans give various reasons for their opposition to the Affordable Care Act, but only two matter. One has been obvious since Obamacare became law, but the other was revealed just recently. In this revelation, it’s clear the Republicans are on even shakier ground than they already were. As the country continues to feel the […]

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(Source: The Gazette) Back when I first studied economics, we “proved” in class that a minimum wage causes unemployment. You just draw supply and demand curves for labor, add a horizontal line for a wage above the “market clearing” competitive equilibrium wage, and—bingo!—a gap appears between labor supply and labor demand. Employers routinely violate current […]

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Photo Credit: Florida Times-Union This is a question about Jordan Davis and Michael Dunn and about us. Davis should’ve turned 19 on Sunday. Instead, he’s dead, the victim of a middle-aged white man named Michael Dunn outside a Jacksonville, Florida, gas station who, to break down the steps: a) took issue with the volume of […]

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People ask me all the time why we don’t have a revolution in America, or at least a major wave of reform similar to that of the Progressive Era or the New Deal or the Great Society. Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going […]

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