“Freedom, flexibility, and mobility.” This is how former Secretary of Labor (2001-2009) Elaine L. Chao described the future of work at an American Action Forum conference last week. While calls for a $15 an hour minimum wage or paid parental leave receive far more attention from the press, Chao’s push for an individualized labor force is the real path to a 21st Century workplace.
While students from Yale University in Connecticut to Claremont McKenna in California are protesting, demanding more cultural sensitivity, safe spaces and trigger warnings, some students at Princeton University in New Jersey are fighting back.
The Fed Oversight Reform and Modernization (FORM) Act would require the Federal Reserve to adopt an identifiable rule describing how it manages key policy interest rates. The proposed legislation, sponsored by Representative Bill Huizenga (R-MI), does nothing to change the Fed’s dual mandate for its policy objectives: maximum employment and stable prices.
en. Bernie Sanders and former Secretary of State Hillary Clinton, Democratic candidates for president, keep calling for the European model of expanded benefits. They just don’t tell us that it takes sky-high payroll and value-added taxes to pay for them.Yet here in Germany, the payroll tax is 33%, more than double the 16% for the U.S.
Millennials have been called the most entrepreneurial generation. While this may be true based on their desires to start businesses and their near-universal respect for entrepreneurs, few young Americans have followed through on their entrepreneurial dreams.
Government policy, particularly in regards to regulation, is stuck in the 20th century and continues to hold back economic opportunity.
Clinton could have said, "a lot better," or "based on various metrics," and still been correct in her statement. What she left out was a key finding of the economic research she is fond of citing on the superior economic performance under Democratic presidents: the lack of causality.
With the terrorist attacks in Paris, look for immigration to play a greater role in the presidential campaign in the weeks ahead. That’s why it’s important to evaluate Senator Ted Cruz’s (R-TX) misguided attacks on Senator Marco Rubio (R-FL). The two 44-year old senators of Cuban descent are battling it out on immigration.