Over the weekend, the New York Times published an online piece by economist Arindrajit Dube arguing for a higher federal minimum wage. Dube is a leading scholar associated with a revisionist view of how minimum-wage increases affect the employment of
The odds of getting into one of the top American universities are about 1 in 10. American workers view Walmart in the same way as high school seniors view American colleges: last year 5 million Americans applied to Walmart for 500,000 jobs. These
On Tuesday, at Bell Multicultural High School in Washington, D.C., First Lady Michelle Obama declared, “When the year 2020 rolls around, nearly two-thirds of all jobs in this country are going to require some form of training beyond high school.
Economists have long understood that innovation is the force principally responsible for propelling economic growth. Austrian-American economist Joseph Schumpeter pioneered the connection between innovation
Last week, voters in New Jersey overwhelmingly approved an increase to their state’s minimum wage from $7.25 to $8.25 an hour. The measure passed on a ballot initiative with 60 percent of the vote. This is not surprising, because a recent Gallup poll finds