Daily Policy Digest

Economic Issues

The Minimum Wage Myth

Decades of separate empirical research indicate that minimum wages increase unemployment, especially among teenagers...

Low Pay Clouds Job Growth

More than half the job gains in the most recent jobs report were in the restaurant and retail sectors, both of which pay well under $20 an hour on average...

Signs of Declining Economic Security

Four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream...

Cities Starting to Hire New Workers

Monthly jobs data show local governments, which make up about 65 percent of the overall government workforce, added workers in seven of the past eight months, the longest such streak in five years...

Another Recession by Early 2014?

Two post-financial crisis economic swoons have been curbed with easy money and fiscal stimulus, but flat retail sales, slowing employment growth and a faltering housing sector may prevent these strategies from working again...

Is the Euro Saved?

The European economic periphery is again showing the clearest signs of economic and political distress...

High Frequency Trading Is Not Harmful

High Frequency Trading is a contemporary tool that facilitates informational market efficiency and, as such, is capable of being regulated by the market and market participants...

Minimum Wage Increases Do More Harm Than Good

More than 10 million young people are either unemployed or underemployed...

Compensation Follows Productivity in the U.S. Economy

Over the past 40 years measured productivity in the United States has increased 100 percent and average compensation has risen 77 percent...

The Volcker Rule Could Be Disastrous for the United States

If U.S. banks cannot make markets, European and Asian banks will fill the gap, and may do so by trading in different markets located outside the United States...


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