Relevant and even prescient commentary on news, politics and the economy.

Illinois’ next governor may make Romney look like a saint

Does the name Bruce Rauner ring a bell? No, me neither. It turns out he’s the Republican nominee for governor in Illinois, which under normal circumstances would mean he’s a nobody. But he’s been leading incumbent Democrat Pat Quinn in polls all summer, and could actually end up as the state’s next governor. This is […]

Figuring the costs of minimum wage hikes

Real News interviews  Jeannette Wicks-Lim is an Associate Professor at the Political Economy Research Institute in Amherst, Massachusetts. Wicks-Lim specializes in labor economics with an emphasis on the low-wage labor market… WICKS-LIM: Well, one of the things I’ve been thinking a lot about is that because of the recent proposal by President Obama to raise the […]

Minimum wage…who and how much??

Spencer England has written about minimum wages and employment, and Minimum wage and employment from 2008 and Teen unemployment and the minimum wage What the fiscal cliff means for the middle class and state and local taxes Economist Robert Pollin, Professor of Economics at the University of Massachusetts in Amherst and founding co-Director of the […]

John Boehner Should Travel More. To Australia.

Yesterday, both sides drew their battle lines in the coming war over the minimum wage. After Obama called for a minimum wage hike in his State of the Union speech, House Republicans dug in against it, casting their opposition as grounded in concern for the plight of low wage workers. John Boehner asked: “Why would […]

Wages, prices, "profit", and productivity…and Black Friday too

Black Friday around here in New England begins to night in stores about 8 P.M. On the internet Black Friday’s discounts began last week as the competition heats up between companies with stores and internet based sales. Stores have responded with aggressive discounts, especially visible is Walmart. This post is relevant to the issue of […]

Unfounded Obsession With the Greek Minimum Wage

by Rebecca Wilder Unfounded Obsession With the Greek Minimum Wage The Greek minimum wage is apparently a point of contention between the Troika (ECB/EU/IMF) and the Greek government. The NY Times cites competitiveness gains as a rationale for the minimum wage cut: The goal of any pay cuts would be to help make Greek workers, […]