Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: wage

August Jobs Report Shows Economy Humming Along Nicely

This article appeared online at TheNewAmerican.com on Saturday, September 2, 2017:

English: Bureau of Labor Statistics logo RGB c...

Bureau of Labor Statistics

Laura Rosner, senior economist at Macro Policy Perspectives (known for its ability to “understand how to read the tea leaves of economic and financial developments”), summed up August’s jobs report from the Bureau of Labor Statistics (BLS) on Friday: “The economy is doing well, but it’s not necessarily taking off. We’re on an even keel. The labor market continues to hum along.”

The growth in jobs was in all the right places, too,

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Trump Doesn’t Rule Out Use of Military Force in Venezuela

This article appeared online at TheNewAmerican.com on Monday, August 14, 2017:

Following the issuance of the “Lima Declaration” on Friday stating that “Venezuela is no longer a democracy,” signed by nearly a dozen South American countries as well as Canada, President Trump had the opportunity to back off on previous threats of possibly using military force to oust its Marxist dictator Nicolás Maduro. Instead he ramped them up, declaring: “We have many options.… This is our neighbor. We are all over the world and we have troops all over the world in places that are very, very far away. Venezuela is not very far away and the people … are suffering. They’re dying. We have many options for Venezuela including a possible military option, if necessary…. I’m not going to rule out a military option. Venezuela is a mess.”

But as Henri Falcon, the opposition governor of the Venezuelan state of Lara, responded, “This mess is ours! Sort out your own, of which you have plenty.”

Mish Shedlock, a Trump supporter, asked the president a number of questions about why he is threatening Venezuela:

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Democrats’ New Slogan Channels Papa John’s Pizza

This article appeared online at TheNewAmerican.com on Tuesday, July 24, 2017:

English: Charles Schumer, United States Senato...

Charles Schumer

The Democrat Party’s new slogan, rolled out on Monday by Senate Minority Leader Chuck Schumer (shown, D-N.Y.) in the New York Times, sounds an awful lot like the slogan of Papa John’s Pizza (“Better Ingredients, Better Pizza, Papa John’s.”) The new official slogan of the party, according to Schumer, is “A Better Deal: Better Jobs, Better Wages, Better Future.”

A closer look reveals old, tired, stale, and tasteless ideas of a party that not only has lost its way, but has lost a majority of Americans along the way. A recent Washington Post/ABC News poll revealed that

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Robots and Kiosks (and Amazon) are Making Jobs Reports Irrelevant

This article was published by The McAlvany Intelligence Advisor on Friday, July 7, 2017:

MarketWatch

MarketWatch

Malcolm Frank is one of those rarest of futurists: He sees what’s coming and writes clearly about what to do about it. In his What to do When Machines do Everything: How to get Ahead in a World of AI, Algorithms, Bots and Big Data, Frank discusses the massive upheavals businesses are going through as they try to keep up and stay profitable.

One issue he doesn’t discuss is how to measure the new economy’s output.

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Blockbuster Study: Seattle’s Minimum-wage Increases Cost Low-wage Workers $125 a Month

This article appeared online at TheNewAmerican.com on Monday, June 26, 2017:  

A study commissioned by Seattle’s city council just came back with results they didn’t want to hear: Their efforts to raise wages of the city’s lowest-paid workers are instead costing them about $125 a month. This is thanks to their employers cutting their hours in response to the law raising the minimum wage from $10.50 an hour to $13 an hour in 2016.

Mark Long, one of the authors of the University of Washington (UW) study, said:

If you’re a low-skilled worker with one of these jobs, $125 a month is a sizeable amount of money. It can be the difference between being able to pay your rent and not being able to pay your rent.

In addition, the UW study concluded that, thanks to the minimum-wage increase, some 5,000 low wage jobs in Seattle were never created.

All of which makes perfect economic sense:

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Labor Department’s April Jobs Report Strong and Getting Stronger

This article appeared online at TheNewAmerican.com on Friday, May 5, 2017:  

The headline numbers from the Labor Department’s latest employment report for April were encouraging: 211,000 jobs were added last month (compared to economists’ expectations of less than 190,000), pushing the unemployment rate to 4.4 percent, the lowest seen in 10 years, while average wages grew, year-over-year, by 2.5 percent.

That’s exactly what one would expect from a healthy economy.

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Jobs Numbers Come in Higher Once Again, Supporting Trump’s Policies

This article appeared online at TheNewAmerican.com on Thursday, April 6, 2017:

Reporters used adjectives such as “torrid,” “solid,” “unexpected,” and “strong” to characterize March jobs growth of 263,000, as reported by ADP/Moody’s on Wednesday, which far exceeded professional economists’ estimates of 170,000 new jobs for the month.

Last month Mark Zandi was uncharacteristically buoyant when commenting on February’s jobs numbers: “February was a very good month for workers. Powering job growth were the construction, mining and manufacturing industries.… Near record high job openings and record low layoffs underpin the entire market.”

Today Zandi extended his comments as the jobs market continues its recovery: “Job growth is off to a strong start in 2017. The gains are broad-based but most notable in the goods-producing side of the economy, including construction, manufacturing and mining.”

During the past eight years economists such as Zandi had much less to be excited about as jobs growth under the previous administration was

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Baltimore Mayor Vetoes Minimum-wage Bill After Doing “Research”

This article appeared online at TheNewAmerican.com on Monday, April 3, 2017:

During her election campaign for mayor of Baltimore last fall, Democrat Catherine Pugh (shown below), along with dozens of other Democratic politicians, supported the “Fight for 15” to raise the minimum wage to $15 an hour. Last week, she had the opportunity to fulfill that promise when the Baltimore city council passed a bill doing just that. But, after doing “some research,” Pugh changed her mind and her position, saying instead that “I am vetoing this bill.”

One wonders just what her “research” uncovered that was persuasive enough to cause her to change her mind, go against the grain, veto the bill, and incur the wrath of the progressives on the city council. Perhaps she had a conversation with

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Restaurants Add “Labor Surcharge” to Tabs to Cover Minimum-wage Increases

This article appeared online at TheNewAmerican.com on Monday, March 13, 2017:

English: This is actually Tom's Restaurant, NY...

Instead of increasing their menu prices in response to increased minimum-wage levels, restaurant owners are burying their increased labor costs at the bottom of each tab. The increase, between three and four percent, only comes after the customer has completed his meal. The increase also increases the tip customers leave behind as most customers leave a gratuity based on the check’s total. This is going to raise the average customer’s check, which has already increased by nearly 11 percent since 2012, close to five or six percent.

Some restaurant and fast-food owners aren’t burying the increase but are instead calling attention to it so that customers know that they’re the ones actually bearing the brunt of the forced increase in the minimum wage. Sami Ladeki, the owner of six Sammy’s Woodfired Pizza & Grill restaurants in San Diego and eight others across California, used to call it a “California mandate” but removed it after getting a call from the city attorney. Ladeki, who says he makes a profit of around one percent charging $12 to $14 a pizza, told the Wall Street Journal:

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Update on Warren Buffett’s “The Bet” (or How Your Money Finds Its Way to Wall Street)

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 1, 2017:

Warren Buffett speaking to a group of students...

Warren Buffett speaking to a group of students from the Kansas University School of Business (Photo credit: Wikipedia)

In the latest shareholder letter just released by Berkshire Hathaway, Warren Buffett brought his fans up to date on “The Bet.” On its face it seems simple: Buffett was willing to bet good money that any S&P 500 index fund would beat, over a period of time, the performance of the best money managers in the business. But no one took him up on his wager:

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Americans Eating Out Less Thanks to Higher Prices

This article appeared online at TheNewAmerican.com on Friday, February 24, 2017:

At Jamila's, a Tunesian restaurant on Maple St...

A Reuters/Ipsos survey released on Tuesday revealed that one-third of U.S. adults are eating out less frequently than they were just three months ago. Two-thirds of those staying home said it was because of higher restaurant prices. This news comes on top of reports that restaurant traffic was flat for all of 2016. In fact, the industry as a whole has gained just one percent in traffic since 2009.

Apologists for the industry offered all manner of explanations:

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Study: $15 Minimum Wage Would Force McDonald’s to Increase Prices 38 Percent

This article appeared online at TheNewAmerican.com on Monday, February 20, 2017:

English: The official logo.

James Sherk, a Hillsdale graduate and now the Bradley Fellow at the Heritage Foundation, found that if a $15 minimum wage is enforced across the country, fast food prices will jump far more than initially thought. A 10-piece Chicken McNuggets, currently priced at $4.49, would jump to $6.20. A Starbucks Grande Mocha Frappuccino would increase from $4.56 to $6.29, while a 6-inch turkey sub at Subway would cost $5.87, up from $4.25. A Whopper Meal from Burger King would jump to $8.96 from $6.49.

A CrunchWrap Supreme, Crunchy Taco and large drink from Taco Bell would cost $8.27, up from $5.99; a Wendy’s Son of Baconator Combo, currently $6.69 would cost $9.23; a Chick-fil-A Chicken Sandwich Combo, priced at  $5.95, would cost $8.21; and a Pizza Hut Medium Hand-Tossed Cheese Pizza, on today’ menu at $11.95, would jump to $16.55.

That’s a 38-percent increase, far higher than many old-school economists have concluded, and it puts the lie to union claims that raising the minimum wage to $15 an hour would result in a transfer of wealth from rich business owners to low-paid workers. Sherk’s analysis concludes that there would be a transfer, but it wouldn’t be from the business owners: It would be from their customers.

First, those owners with a McDonald’s franchise aren’t rich and they’re not likely to become rich. Ed Rensi, who worked for McDonald’s for 30 years, ending up as the company’s CEO in 1991 and retiring in 2007, told Forbes:

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The Broken Promise of Minimum wage laws

This article was published by The McAlvany Intelligence Advisor on Monday, February 20, 2017:

The promise is that by requiring businesses to pay their employees $15 an hour, the net result is that everyone will live better. The low-paid people will have more money to spend, the upward “ripple” effect on other higher-paid people in the organization will also have more money to spend, the economy will grow, there will be more jobs hiring people who will then have more money to spend, and so on into the woodwork.

This was the claim by that “poverty” expert, former Senator Teddy Kennedy whose family’s wealth extended backwards for generations, who said that

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Venezuela’s Dictator Fires Head of Central Bank; Inflation at 1,600 Percent

This article appeared online at TheNewAmerican.com on Monday, January 23, 2017:

Nicolas Maduro

Venezuela’s Marxist dictator, Nicolas Maduro (shown), fired the head of his country’s central bank on Friday. Without fanfare or any public statement from either Maduro or his banker, Nelson Merentes, the firing is the latest move by the president to place the blame for the collapse of his country anywhere but where it belongs: on his socialist policies.

For months The New American has tracked the retrogression of a country which was once one of the leading economies in South America to a banana republic where people are starving, sick people are dying for lack of care, and a black market has replaced a once-thriving free economy. Last June, the New York Times was finally forced to admit the cause:

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IG Report on Social Security: Dead People Still Reporting Wages

This article appeared online at TheNewAmerican.com on Friday, January 6, 2017:

Seal of the United States Social Security Admi...

The latest report from the Office of the Inspector General (OIG) overseeing operations at the Social Security Administration has “identified 1,074 individuals who were at least age 85 in 2009, [who had] about $145 million in wages posted to their earnings record” over the next five years.

In addition inspectors identified another 7,949 people who had $57 million in wages posted to their Social Security accounts whom the agency knew were dead.

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McDonald’s Response to $15 Minimum Wage: Automation in Every Store

This article appeared online at TheNewAmerican.com on Wednesday, November 23, 2016: 

English: The mdonalds logo from the late 90s

It’s official: McDonald’s says that every one of its 14,000 stores nationwide will be replacing order takers with automated touch-screen kiosks. They’re starting with stores where minimum-wage laws mandate the highest rates, such as Florida, New York, San Francisco, Boston, Chicago, Washington, D.C., and Seattle.

According to CNNMoney:

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The Tax Foundation’s Big Surprise: Trump’s Tax Plan is Better Than Hillary’s!

This article was published by The McAlvany Intelligence Advisor on Friday, October 21, 2016:  

English: The standard Laffer Curve

The standard Laffer Curve

The Tax Foundation, founded nearly 80 years ago, considers itself non-partisan, guided by what it calls “the principles of sound tax policy, simplicity, transparency, neutrality, stability, no retroactivity, broad [tax] bases and low [tax] rates.” It has steadfastly opposed tax increases of any kind: income, corporate, or excise. Especially annoying are tax “preferences” (i.e., subsidies) for the housing industry and tax credits for certain constituencies (which the Foundation calls “picking winners and losers”).

So it’s no surprise that in its study of Trump’s and Clinton’s so-called “tax plans” the Foundation concluded that Trump’s was vastly superior to Hillary’s:

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What Would the Apostle Paul say About the Minimum Wage?

This article was published by The McAlvany Intelligence Advisor on Friday, August 5, 2016: 

One can surmise from his instructions to believers in the church in Thessalonica: “When we were with you, we gave you this rule: Whoever will not work should not be allowed to eat.” What’s less clear is: what if government mandates keep one from working, or keep employers from hiring those willing to work?

St. Paul assumed that people had the freedom to contract out their labor, to sell the one primary thing they possessed: their time and effort in exchange for money. He also assumed that employers, given the opportunity, were free to hire someone who could add value to their businesses.

Minimum wage laws abrogate that essential freedom, with all manner of negative results. One,

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The PC Crowd, Economic Ignorance, and the Minimum Wage

This article was published by The McAlvany Intelligence Advisor on Monday, April 4, 2016:  

No political correctness

Nick Adams, the Australian author of Retaking America: Crushing Political Correctness, has arrived on the American scene at precisely the right moment. He has appeared on nearly every major TV and radio show, writes for Townhall.com and Townhall Finance, and serves as a Centennial Institute Policy Fellow at Colorado Christian University. And he was named Honorary Texan in 2013 by Texas Governor Rick Perry.

PC is being used as a hammer to intimidate, emasculate, or otherwise neutralize opposition to any Progressive agenda. Rather than answering legitimate questions or responding to thoughtful objections, the PC crowd instead accuses the questioner of being

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Minimum Wage Hikes Are Costing Jobs

This article appeared online at TheNewAmerican.com on Thursday, January 21, 2016:  

Employment data now coming in from six U.S. cities that have mandated increases in the minimum wage are proving a basic economic law: When the price or cost of something increases, less of it will be demanded.

In his analysis of the preliminary data now available from Chicago, Oakland, San Francisco, Seattle, Los Angeles and Washington, D.C., Jed Graham wrote:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.