8:24 pm in Economic News by 1stCavRVN11B
Liberal advocacy groups who argue in favor of a higher minimum wage have a tough job: Faced with mountains of data countering their argument that wage mandates don’t cost jobs, they struggle to find their intellectual footing. They often display a Potemkin village of 665 economists who subscribe to a theory that suggests labor costs don’t factor into hiring decisions. First compiled and promoted by the union-backed Economic Policy Institute, this
See the original post: A Consensus In Favor Of Wage Mandates?
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5:31 am in Economic News by Acai Berry
‘Washington, D.C.’s workers enjoy the highest salaries of any U.S. city, with a median household income of $85,198,” CNNMoney reported recently. It’s even higher for the federal worker segment of the city, with an average wage last year for federal civilian workers of $81,258 per person (not per household). That’s over $30,000 more than last year’s average private-sector wage. Add the cost of benefits and pensions, and the average
See the rest here: Washington’s Bureaucrats Are Overpaid, Inexpert And Cost Us Time And Money
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