minimum wage

A Not So Happy Labor Day

By |2013-09-02T13:35:52-04:00September 2nd, 2013|Economy|

Labor Day in the US has been celebrated since 1894 when Grover Cleveland, in an effort to appease labor unions in a mid-term election year, signed the bill making it an official holiday. His administration had put down a number of strikes in the first two years of his second term, most notably the Pullman strike, and was facing an [...]

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It Simply Doesn’t Add Up, Wages Edition

By |2013-08-30T13:58:56-04:00August 30th, 2013|Markets|

Labor unrest is an expected feature of a malfunctioning economy. The 1970’s, for example, were rife with labor problems up and down the economic scale and across industries. Agitation for wage growth was proportional and directly attributable to the public’s perceived ability to maintain some standard of living. The Great Inflation threatened to leave a good deal of the populace [...]

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