[unable to retrieve full-text content]Nearly half of U.S workers will live in states with at least a $15 minimum wage by 2027, Economic Policy Institute In the 2024 election, Alaska and Missouri voters approved ballot measures to increase their state minimum wage to $15 an hour in the coming years. Now 15 states and Washington D.C. either have or […] The post Half of U.S workers Will Live in States with at Least a $15 Minimum Wage by 2027 appeared first on Angry Bear.

[unable to retrieve full-text content]Mistake in Administering Property Taxes Results in a 1200 Percent Increase? This reads like something in a tabloid. However, it is occurring in an Illinois county. Montgomery County Assessor Kendra Niehaus discovered the assessment was being calculated incorrectly. A tract of woodland should have a tax rate applied to 33.33% of its fair market value. […] The post Misapplied Property Tax Economics appeared first on Angry Bear.

Almost everybody these days accepts at face value that the result of the election was heavily determined by negative perceptions about Bidenomics, and that, in turn, resulted from inflation. Inflation was high (it wasn't, at least not that much), and people were pissed off. This is not just Larry Summers, who had argued (incorrectly in my view) that inflation was caused the large fiscal packages of an excessive generous government.In the heterodox camp, many have suggested that more should...

Figure 1: Extensive Rent Example As Relative Market Power Varies Between Industry And Agriculture This post is an elaboration on this past post. The analysis of the choice of technique varies with perturbations of relative markups in industry and agriculture. Figure 1 depicts this variation, while Figure 2 is an enlargement of the lower range of the relative markup in industry. The heavy solid lines in Figure 1, other than the horizontal line at the top, are switch points on the inner...

Dour looking group taking a victory lap:🇦🇷 MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS"The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation.Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years.This historic… https://t.co/uszEgPd493 pic.twitter.com/nt5jJGQM1V— Mario Nawfal (@MarioNawfal) December 11, 2024 Their equity market index responding favorably….But they have been drastically reducing...

[unable to retrieve full-text content]I am of a belief Angry Bear should look at more than just presenting economic numbers. I have watched the numbers soar when a report is made if I follow the economic numeric. However, I am fortunate enough to be in league with some exceptional writers such as Prof. Heather, Infidel753, Joyce Vance, Robert Reich, […] The post Human Rights Day appeared first on Angry Bear.

[unable to retrieve full-text content]Recently, Anthem BCBS rescinded its policy of limiting the amount of anesthesia it would pay for during operations. The policy conjured images of patients waking up before the end of their operations, or later being confronted with unexpected bills. But allegedly, that’s not the intent: “Anesthesia services are billed partially on the basis of how […] The post Who pays? appeared first on Angry Bear.

A PLOG is a ´Persistent Large Output Gap´. Read: a long period of high unemployment. Literature about PLOGs tries to mitigate one of the ideas of economic orthodoxy, especially the unsubstantiated idea that lowering high post-economic crisis unemployment will fuel inflation. According to this literature, which is quite empirical, it doesn´t. However, this somewhat older literature does not yet consider the post-2009 Euro Area experience. Here, I will propose an updated definition of...

Gianni Barilla taught me a lesson.

from Peter Radford  This is something I need to get off my desktop.  It’s just for fun … Asymmetry is the very beginning and end of an economy.  It’s the bumps that matter.  Explain them and you explain the economy.  After all the very notion of exchange presumes differences between those involved, and difference is just another way off saying asymmetry.  Sweep the bumps away with a broad brush of supposedly superb logic and you eliminate the very object of your study.  That is if your...