News
Market Watch | May likely to bring shower of new U.S. jobs
The economy is widely expected to post another strong month of job creation in May, fueling hopes that the fastest U.S. growth since the end of the recession five years ago is just around the corner.
Econ Comments & Analysis
WSJ | Weak Wages Pose Threat to Liftoff for Economy
A long-awaited liftoff in the U.S. economy is facing pressure from stubbornly weak wage growth, muddying the outlook for consumers and challenging Federal Reserve policy makers who are counting on a pickup as they unwind the central bank's extraordinary support for the recovery.
Blogs
Library of Economics | Raise Minimum Wage: Reduce Benefits
At the start of this year, the minimum wage in SeaTac, a city in Washington state, was raised by a whopping 63 percent--from $9.19 an hour to $15.00 an hour. If we critics of the minimum wage, including the late economists Paul Samuelson, James Tobin, Gunnar Myrdal, and Milton Friedman, and a large percent of the economics profession--are right about our economic analysis, then we should certainly expect some of the negative results to show up in SeaTac, a small city surrounding the Seattle/Tacoma International Airport.
