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Tuesday, January 14, 2014

Employment

News                                                                                                                             
CNN Money | 75 economists back minimum wage hike
A Democratic proposal to raise the federal minimum wage to $10.10 an hour got the backing Tuesday of 75 leading economists.
National Journal | Senators Closing In on Deal to Extend Unemployment Insurance
Senators are inching closer to a bipartisan deal to extend unemployment insurance, with a group of Republican lawmakers and the Democratic leadership both signaling an agreement could be close.
CNN Money | 2.3 million children have a long-term jobless parent
That's three times more than in 2007, according to research by the Urban Institute, a nonpartisan think tank. The report comes as Congress considers whether to extend recession-era jobless benefits.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Who Is Dropping Out Of The Labor Force, and Why?
Although many economic indicators are heading in a positive direction, last week's December jobs report highlighted the problem of the declining labor force participation rate, the percentage of people aged 16 and over who choose to work or look for work.
NCPA | Most of the Benefits of a Minimum Wage Increase Would Not Go to Poor Households
Most people who earn the minimum wage or slightly more are the only earners in their households and, therefore, are poor, right? And so, if the federal government or state governments raise the minimum wage, that will be a nicely targeted way of helping poor people, right?

Blogs                                                                                                                             
Library of Economics | Minimum Wage Not Well Targeted at Reducing Poverty
Economists Joseph J. Sabia and Richard V. Burkhauser examined the effects of state minimum wage increases between 2003 and 2007 and reported that they found no evidence the increases lowered state poverty rates.