News
National Journal | CBO Defends Its Minimum-Wage Estimate as Democrats Fume
White House pique notwithstanding, the Congressional Budget Office is standing by its estimate of the job impact that a minimum-wage hike would create.
CNN Money | Gap raising its minimum pay to $10/hour
Gap Inc. is raising the minimum pay for 65,000 U.S. employees, winning praise from President Obama who is pushing to raise the nation's minimum wage by a similar amount.
Bloomberg | Jobless Claims in U.S. Fell Last Week as Firings Abated
Fewer Americans filed applications for unemployment benefits last week, a sign employers are holding the line on firings even as cold weather slowed industries from manufacturing to housing.
CNBC | Real solutions to America's jobs problem
Despite the claims of significant job creation over the past five years, the reality is that far too many Americans are unemployed and underemployed. However, in typical government fashion, proposed solutions come in the form of entitlements and taxes rather than fixes for the fundamental underlying problems.
Econ Comments & Analysis
Investors | America's Shale Boom Is A Major Job Creator
Silicon Valley may get better press, but in this period of dismal employment growth it's the oft-maligned hydrocarbon sector that's creating more jobs faster.
Washington Times | Minimum wage, maximum damage
Hold on to your wallet. President Obama is calling on Congress to “give America a raise.” Mr. Obama is never so generous as when he’s spending someone else’s money, so this raise is going to cost us a bundle.
AEI | Spread the good news!
Somewhat to my surprise, Furman and Stevenson appear to have overlooked the most important, headline-grabbing news in the report. The CBO estimates that probably about 500,000, but with a reasonable likelihood even a million workers will lose their jobs in what is still a weak labor market.
