The charts used to demonstrate the supposed breakdown obscure the reality that productivity and hourly compensation continue to track each other. There are six rules for getting this depiction correct.
Some telecom companies are mobilizing political marketing machines in Washington to silence discussion on eliminating Lifeline, which has grown into a billion-dollar fiasco. Lifeline has been used as a corporate welfare fund for years while masquerading as an aid program for the poor. It is far from heartless for politicians to oppose it.
Many people think that when the Internet Tax Freedom Act (ITFA) expires on December 11, this will open the door for the first time to the taxation of the Internet. Wrong. The Internet is already taxed, and taxation can continue even if IFTA is extended.
A misleading new report by the Restaurant Opportunities Centers concludes that sexual harassment in the restaurant industry is especially prevalent among women earning the hourly “tipped wage” of $2.13. ROC’s solution: eliminate the tipped wage and raise the minimum wage to “give all workers greater personal agency, creating a safer and more equitable workplace.”
The Federal Reserve has reached an inflection point. As they complete the last rounds of their bond-buying programs, Federal Open Market Committee members must now decide how quickly to bring short-term interest rates back to more normal levels from their current settings of near zero.
Though the Affordable Care Act is projected by CBO to cost nearly $1.5 trillion over the coming decade, it is important to keep in mind that the Act’s most serious costs might be found not in its price-tag, but in its labor market effects.