Abigail R. Hall Blanco writes: San Francisco has become the first city to mandate full pay for parents who take leave on the birth or adoption of a child. According to the legislation, lost pay is the primary reason workers fail to take advantage of existing California law that enables them to receive 55 percent of their wages (and up to 70 percent beginning in 2018)…
Jared Meyer writes: Listening to Hillary Clinton on the campaign trail may lead one to assume she is against the sharing economy, or what she calls the “gig economy.” As she promised in her first major economic address at the New School in New York City, the gig economy is “raising hard questions about workplace protections and what a good job will look like in…
Michael F. Haverluck writes: With the self-proclaimed socialist, Sen. Bernie Sanders (D-Vt.) being the hands-down favorite for young Americans looking for a Democratic presidential candidate, the results from a recent survey confirms this Leftist bent, showing that more than half of American adults under 30 reject capitalism. The study conducted by Harvard University was a shocker for many Americans, showing that capitalism is dying in…
U.S. employers pulled back on hiring in April after a streak of solid monthly gains, adding 160,000 jobs, the fewest in seven months.
Jack Salmon writes: Puerto Rico is in crisis and drowning in debt. Now it looks like the island’s Development Bank, set up to raise living standards in the territory, will collapse. Congress is rushing to provide some help, but it also needs to consider the effects of federal regulations on the island. Foremost among these is the federal minimum wage.
Johan Norberg says: Bernie Sanders thinks the U.S. should look to Sweden and other Scandinavian countries to “learn what they have accomplished for their working people.” The Vermont senator has said so repeatedly throughout his campaign for the Democratic presidential nomination, prompting GOP rival Marco Rubio to say, “I think Bernie Sanders is a good candidate for president—of Sweden.”
Stung by a feverish outcry, the Treasury Department backed off its plan to ditch Alexander Hamilton from the $10 bill and will instead oust President Andrew Jackson from the front of the $20 bill, as part of a massive currency redesign intended to add more images of women’s and black history.
A new National Taxpayers Union Foundation study of tax complexity in the U.S. reveals the hidden costs of complicated federal taxes for Americans.
Frank Hollenbeck writes: Following the unconventional monetary policy of negative interest rates, central banks are now considering an even more desperate measure: “helicopter money.” Milton Friedman is credited with this idea: Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community….
Daniel Bier says: Ronald Reagan once quipped that “government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” There, in a nutshell, you have a short history of mass transit in America.