Lifted from comments from Christina Romer’s post at Economist View http://economistsview.typepad.com/economistsview/2013/03/christina-romer-the-business-of-the-minimum-wage.html In response to a previous comment, Mark Sadowsky states: “On a global basis our low wage folks are vastly overpaid.” Most low wage workers in the US are employed in food preparation, personal care, farming, building maintenance and health support: http://www.newyorkfed.org/research/current_issues/ci18-7.pdf Other than farming, […]

With all this stalemate posturing in Washington, today Chris Hayes has come up with the best idea I have heard yet to move the players. And, in my opinion actually solve our economic depression.   One trillion dollars to be spent on direct hiring by the government along with debt forgiveness.  A solution right out […]

From the MSBN comes this announcement from President Obama on agenda for reform of the social safety net. President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said Sunday, as both sides in Washington tried to […]

Unmentioned in the recent Good Jobs First report on job piracy, it turns out that both relocation subsidies and retention subsidies are commonplace in Alabama. Greg Varner (@varnergreg) directs me to this report on how a Birmingham auto dealership, Serra Automotive, is demanding a multimillion incentive deal to keep it from relocating to another municipality […]

  Center fo effective government, formerly OMB Watch http://www.foreffectivegov.org/sequestration-central

http://www.dailykos.com/story/2013/03/02/1190980/-I-Know-You-Think-You-Have-a-Constitutional-Right-to-Vote-But-You-Really-Don-t

Ever have one of those days?

Here is an interesting way to deal numbers, with the complete post to be read from the link: Obama taxes us into recession  (Mish’s musings) Withheld income and employment taxes have been running about 8.3% higher year over year, comparing the same 33 business days between Tuesday, January 8 and Monday, February 25.…Regardless, there is […]

The New York Fed has some interesting statistics regarding the increase and composition of student debt by age and amounts. Such debt has tripled in the last nine years.  Lots of reading to be had.

by Mike Kimel A Reminder My wife was talking to a friend of hers who gets paid by the school district her son attends to bring the boy to school because, given where they live, it would be inconvenient to provide bus service to where they live. We worked out the numbers, and my best […]