4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
Most of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price…
Read MoreUnemployment
The US natural unemployment rate and the Fed’s interest rate policy
In May the US unemployment rate stood at 5.5% against the rate of 5.3% for the natural unemployment also known as the Non-Accelerating Inflation…
Read MoreConfusion over US unemployment
Unemployment is the one statistic that one would have thought is easy to define: just total up the number of people on unemployment benefit…
Read MoreUnemployment and groupthink
On Friday 6th February the American Bureau of Labor Statistics (BLS) released its employment estimates for January, which being better than the market expected,…
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If this is capitalism, I am not a capitalist
This post originally appeared on www.stevebaker.info. I spoke last night in the general debate on the economy, saying*: As I rise to speak I…
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Is there a link between unemployment and economic growth?
Most commentators are of the view that the key for US economic recovery is drastically lowering the number of unemployed Americans. Once more people…
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