Interested Parties Articulate Livable Wage Much Higher Than Minimum in Pakistan
As part of an effort to demonstrate that its Lahore, Pakistan factory does right by its workers, Econscious President Dale Denkensohn released reports of workers’ pay from the winter of 2007-2008 a few...
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Minimum Wage vs. CEO Pay Puts State of the Union in Context
In his 2013 State of the Union address, President Barack Obama called for a restoration in the minimum wage and a change to make it keep pace with inflation: "We know our economy is stronger when we...
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While Congress Dithers, Minimum Wage Drops 8 Cents in Two Months
The Fair Minimum Wage Act of 2013 (H.R. 1010 in the House and S. 460 in the Senate) is a bill that would increase the minimum wage from its current $7.25/hour to $10.10/hour over the next two years....
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Another Year of Dithering, Another Year of Real Minimum Wage Cuts
Last March, I wrote about two bills before the U.S. Congress — H.R. 1010 in the House and S. 460 in the Senate. Together, these bills are known as the Fair Minimum Wage Act, and if passed they would...
View ArticleWhile Congress Did Nothing, Minimum Wage Fell Another 3 Cents in May 2014
When the U.S. Congress does nothing about the minimum wage, it cuts the minimum wage. That statement may seem paradoxical, but it isn’t if you keep in mind the difference between nominal wages and real...
View ArticleWhile Congress Dawdles, Federal Minimum Wage Drops Another Three Cents an Hour
According to information just released by the Bureau of Labor Statistics, the U.S. minimum wage fell by three cents an hour in the month of March 2016. Oh, the BLS won’t come out and say it that way,...
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Silly Jim Rickards Plots Out a Fizzling Shanghai Dollar Attack
For years now, Jim Rickards has been predicting the collapse of the U.S. economy and civilization itself every six months or so as a way of getting you to buy his $50/year newsletter. Using a website...
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Federal Minimum Wage Drops 15 Cents/Hour in first 3 Quarters of 2016
According to information just released by the Bureau of Labor Statistics, the U.S. minimum wage has fallen by 15 cents an hour in the first 3 quarters of 2016. No one in the government or press puts it...
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