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Testimonials
“In Curtis Greco’s new book, you’ll find out why having the right to vote is just the beginning, and why organizations who promote voter education and engagement are so important for preserving the bedrock of what makes America great for generations to come.”
-Chrissy Faessen, Rock the Vote
Category Archives: Poli-Econ
DOW Bowing to Speculative Risk?
For many, any discussion regarding the FED, monetary policy and global financial markets trends toward brain-freeze and the soon to be made reference is no exception. Nonetheless, to understand how our economic interests have been so grotesquely abused the truth behind the FED’s quantitative-easing, the interconnectivity between federal debt & unfunded mandates reveals the greater risk they create. Every American needs to come out from under their sports memorabilia and their ignorance and bone-up on reality.
Indexing Minimum Wage
Having addressed the issue in previous posts, there remains an additional component that merits consideration: Market value (however not in the manner one might think.) The great contest that yet remains to be resolved is how to address the implicit value represented by access-to-market. In the nation-state as it is enterprise (most typically multinationals) views the American marketplace as a crop to be harvested and the workforce as fertilizer.
An Asymmetric Economic Recovery:
The Administration loves to talk “Income Disparity” but what they won’t tell you is that the greatest growth in the void is caused by the plunging household incomes of middle-America. Of course the government lunatics will suggest that the cure lies in increasing the minimum wage and thanks to Obamacare they may have actually stumbled upon a tragic fact. As ACA takes further affect and becomes applicable to employers with larger workforces it is a fact that the costs associated with implementing ACA will likely make the economics such that it’s more cost-effective for employers to increasingly favor part-time employment.
Posted in Business Trends, Poli-Econ
Tagged ACA, Economic Recovery, Income Disparity, Minimum Wage
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Extending Unemployment Benefits
Other than the Political Feel-Good aspects, and beyond the political-duel, is there reason to extend Benefits?
The fact remains that on top of the current 1.2 Million by end of 2nd quarter 2014 an additional 1.9 Million workers will breach the 26 week long payout. Now, if your Harry Reid, Mitch McConnell or President Obama you may be thinking that at some point the Unemployment Rate will stabilize and we’ll run out of newly unemployed (not likely in the current environment); Problem Solved! Well not actually, however putting that notion aside there is one other interesting argument (the only one) that suggests that extending benefits, mind you that’s $300 per week, will infuse the local economies with much needed fresh blood; really?
Garnishing Minimum Wage
This historical relevance and application of an Entry Level Wage should not be set aside for the narrow view that suggest equity should exist between what has become known as a Living Wage (LW) and the Minimum Wage (MW); the idea ignores a critical distinction and merely serves to ease political-expedience.
Currently, with a National Labor Participation Rate softly at 63 percent how sustainable is it to use the Minimum (Entry) Wage as a tool for creating a sustainable Living Wage. Surely there is cause to Index MW for inflation however any argument in favor of the LW/MW movement ignores just how irrational it is to believe Low Tier Jobs are capable (or even favorable) of supporting nearly 40% of the Labor Pool; doing so will only serve as a justification accelerating the Downwardly Mobile Drive toward further Economic Deprivation.