What happens to employment when the minimum wage is increased? USAFacts Open thread and QOTD, Angry Bear, Joel Eissenberg, November 8

Increasing Numbers of Underage Children Employed A large portion of this post is taken from “The Unjust Cost of Child Labor,” Roosevelt Institute, as written by Alí R. Bustamante. I have added additional information from what I know and have read from current events. The Child Labor Statistics JPeg is taken from “Child Labor Violations on the Rise Amid State Efforts to Ease Laws” | Best States | U.S. News, Chris Gilligan. Oher parts of this...

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like this:Like Loading...

Dale Coberly discussing the latest news on Social Security. SOCIAL SECURITY, A BREAKTHROUGH? Dale Coberly For years I have been trying to inform people that the great big, huge horrible “Looming Trillion Dollar Unfunded Deficit” in Social Security could be fixed forever with a one tenth of one percent increase in the Social Security tax whenever the Trustees projected “short range financial inadequacy. This would amount to about a dollar per...

Speculative manias and financial crises .[embedded content] The recurring pattern in financial crises is more or less the same. For some reason, a shift occurs in the economic cycle (such as war, innovations, new regulations, etc.) that leads to changes in the profit opportunities for banks and companies. Demand and prices rise, pulling more and more parts of the economy into a state of euphoria. Speculative mania, whether it pertains to tulip bulbs, real...

Dramatic control on rich people

I have been sharing New Deal democrats Weekly Indicators with an Edward Jones consultant who handles our funds. He was pretty impressed with the detail New Deal democrat gives here and at Seeking Alpha. He has his own account so he can go every week (I am limited). If have some time, you should explore NDd’s stats. Weekly Indicators for November 6 – 10 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking...

Maybe $88 billion and $140 billion will get your attention? Congress does not blink an eye at this expenditure. Received an email from PNHP’s Kip Sullivan who is knowledgeable on Single Payer and Medicare Advantage healthcare plans. Whenever he writes an article, he sends me an email so Angry Bear can be first in line to place it on the blogosphere. Computer was down and I am a couple of days late in posting his commentary. If you are unaware...

Consumption leads (longer term) unemployment, too  – by New Deal democrat Once again there is no new economic data, so let me follow up some more on the issue of longer term unemployment. Earlier this week I pointed out that just as initial claims lead continuing claims, so does short term unemployment (under 5 weeks) lead long term unemployment (15 weeks and over). Think of unemployment as a pipeline, and the intake flows before the main...

Fade the monetarist zombies every time.