Daily Policy Digest

Economic Issues

Minimum Wage Executive Order Has Unintended Consequences

As Congress is not likely to increase funding for federal contractors forced to comply with an executive order to increase the minimum wage, those companies will likely have to lay off workers to keep costs level...

Upward Mobility Has Not Declined

Ten years ago, 20 percent of children born in the middle income distribution found their way to the top; that figure is the same today...

United States Ranks behind Rwanda in Ease of Creating New Business

The United States ranked 20th in ease of starting a new business among the 189 countries that were studied...

Reviving the Economy

Weak economic growth in the United States today is the result of costly regulations that have reduced incentives to hire along with an unpredictable, and unsuccessful, federal monetary policy...

The World Is Better Off Today Than People Realize

The amount of extremely poor people has been cut in half over the last three decades, down to only 17 percent of the global population in 2010, compared to 42 percent of the population in 1981...

Does Keeping Large Retailers Out Help Small Retailers?

While UK regulations increased the cost of opening large retail stores, those retailers simply changed their strategies and found ways to compete even more directly with the protected, independent stores...

Asset Management Industry and Systemic Risk

When assets are funded with equity (as is the case in the asset management industry) rather than debt, systemic effects will not be felt when losses are suffered...

Governments Should Privatize Property

Italy currently has a public-debt burden worth 132 percent of gross domestic product, but it has not embarked upon a course of privatization, even though the state has corporate stakes worth $225 billion and $1.6 trillion in non-financial assets...

Can't Find Skilled Workers? Start an Apprentice Program

In Switzerland, 70 percent of young people age 15-19 apprentice in hundreds of occupations, including baking, banking, health care, retail trade and clerical careers...

Why We Should Wage a War on Economic Immobility Instead of Inequality

While upward mobility has not diminished over time, and while it has not been hurt by rising income inequality, it has nevertheless been stuck at unacceptably low levels for decades...


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