Daily Policy Digest

Economic Issues

Unions Can't Raise Wage But High Productivity Can

Walmart's U.S. operations, with around a million hourly employees, generate about $330 billion...

The Burden of Pension Costs on California Municipalities

A number of cities are spending more than 12 percent of total revenue on pension contributions...

Dodd-Frank Restricts Competition Among Financial Firms

Title VIII provides yet another reason why Congress should repeal the Dodd–Frank Act...

Inefficient Public Transport Project Should Be Reevaluated

The Purple Line will have an average speed of 15.5 miles per hour...

Entrepreneurs Need Freedom, Not More Regulations

Congress could stimulate the economy by easing regulatory burdens, poor tax policies and end restrictive banking policies that prevent innovators from accessing the funds they need to do business...

Important but Surprisingly Low-Paying Jobs

As the national debate continues about raising the federal minimum wage from $7.25 to $10.10, lawmakers could also be discussing how to stimulate higher pay for important jobs such as mental health counselors, firefighters, EMTs and pre-K teachers, whose jobs save and transform lives...

China's Excess Metal Supply Leads to Calls for Tariffs in the United States and Europe

Steel producers around the globe are seeking government protection from falling prices...

Why Are the Budget Reforms Important?

U.S. public debt, which has the largest share of the debt, doubled since before the Great Recession...

Social Security Disability Awards Reform Can Restore Dignity and Efficacy to the System

Over the past decade, judicial impartiality has declined significantly, as many administrative-law judges uncritically approve most Social Security Disability claims...

Solution to Wage Stagnation: Innovation

The reason why advanced industries do not have a wage stagnation is that they are distinguished by their strong orientation to technology, innovation and skilled workers to develop and scale up new products...


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