Daily Policy Digest

Economic Issues

The Reality of the "Real Wage"

Calculating trends in the real wage is much harder than we realize, because every household has different tastes...

Beware the Monetary Cliff

Unlike the U.S. fiscal cliff, which was largely defused by congressional action, the U.S. monetary cliff -- which will be reached if U.S. inflation rates turn negative -- cannot be easily circumvented...

Public Cost of Fast Food Industry Pay Remains Unclear

Fifty-two percent of fast food workers receive benefits from government programs...

Why the Workforce Is Lacking Young People

Less than 78 percent of people aged 20 to 34 either have jobs or are looking for work; that's down from the peak of 83 percent in 2000, and the lowest since the 1970s...

U.S. Sugar Policy Sends Candy Makers Abroad

From 2000 to 2012, the average price of U.S. sugar was more than double the worldwide average...

Unemployment Caused by Increased Unemployment Benefits

Most of the persistent increase in unemployment during the Great Recession can be accounted for by the unprecedented extensions of unemployment benefit eligibility...

U.S.-India Economic Relations

The key to fulfilling the strategic potential of the U.S.-India relationship is to foster a vibrant, entrepreneurial Indian economy linked to America by ideas, capital, people and technology...

The Cost of a Minimum Wage Increase

Raising the minimum wage does not increase the value of the worker's labor; it increases the cost of the worker's labor...

Global Regulation Curbing Growth, World Bank Finds

Many emerging markets have dramatically improved their business climates in the last year, but a tangle of onerous regulations the world over is curbing much-needed growth from the private sector, according to the World Bank...

The Incredible Shrinking Workforce

Unless men re-enter the job market, prospects for the resumption of vigorous growth in the U.S. labor force are dim, says William Galston...


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