News
CNN Money | JPMorgan cutting jobs, slimming branches
In an effort to cut costs, the country's largest bank by assets said Tuesday that it plans to slash 8,000 jobs in its consumer and community banking division this year.
Econ Comments & Analysis
Barrons | The Minimum Wage Is No Friend of the Poor
The debate over raising the federal minimum wage to $10.10 an hour from the current $7.25 heated up last week with the publication of a Congressional Budget Office study, which estimated that total employment would likely be reduced by "500,000 workers" if the hike were implemented.
Fortune | Americans need more than a minimum wage hike
Paying workers more could lift nearly 1 million out of poverty, but low-skilled workers need more than that to thrive in today's job market.
AEI | The unemployment trap
Extended unemployment benefits lower workers’ incentives to search for jobs and to take jobs that may not be a perfect fit, and they may also lower firms’ incentives to hire new workers. It might seem intuitive that these incentives sometimes lead workers to delay their return to work, but many on the left dispute this.
