4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
byMost of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price…
Unemployment
The US natural unemployment rate and the Fed’s interest rate policy
byIn May the US unemployment rate stood at 5.5% against the rate of 5.3% for the natural unemployment also known as the Non-Accelerating Inflation…
Confusion over US unemployment
byUnemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit…
Unemployment and groupthink
byOn Friday 6th February the American Bureau of Labor Statistics (BLS) released its employment estimates for January, which being better than the market expected,…
If this is capitalism, I am not a capitalist
byThis post originally appeared on www.stevebaker.info. I spoke last night in the general debate on the economy, saying*: As I rise to speak I…
Is there a link between unemployment and economic growth?
byMost commentators are of the view that the key for US economic recovery is drastically lowering the number of unemployed Americans. Once more people…