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Only In California – Governor Jerry Brown Signs Bill To Regulate Cow Flatulence
zerohedge.com / by Tyler Durden / Sep 20, 2016 In yet another attack on California businesses, yesterday Governor Jerry Brown signed into law a bill (SB 1383) thatrequires the state to cut methane...
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“Thar’s Gold in Them Mountains”
mises.org / Joseph T. Salerno / 09/30/2016 It is no secret that secret Swiss bank accounts are not so secret anymore, as political elites throughout the world led by the U.S. government wage an...
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The Secrets of Self-Employment: Overhead and Capital Accumulation
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, OCTOBER 24, 2016 There are still opportunities to not just earn a wage, but the overhead, profit and capital skimmed by global...
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India’s Modi Admits Plan Shifting Nation To “Cashless Society”
zerohedge.com / by Tyler Durden / Nov 27, 2016 Well who could have seen this coming? Just as we noted, the slippery slope towards full government control in a cash-less society is where Indian PM Modi...
View ArticleEarning a Living Wage Will Not be Achieved by Raising the Minimum Wage
investmentwatchblog.com / by Daniel Carter / DECEMBER 22, 2016 “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...
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Obama’s Final Jobs Report: Still Worst Wage Recovery From A Recession Since 1965
wallstreetexaminer.com / by Anthony B. Sanders / January 7, 2017 The last jobs report (December) for the Obama Administration is out. And it was ugly as usual, at least in terms of wage growth. Total...
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Positioning more than Fundamentals Give Traders Pause
marctomarket.com / by Marc Chandler / January 10, 2017 After strong moves to start the year, the capital markets continue to consolidate. Many observers are suggesting a fundamental narrative behind...
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The Truth About Venezuela’s “Economic War”
zerohedge.com / by Antony Davies and James Harrigan / Jan 18, 2017 Blaming Venezuela’s spiraling inflation on “economic war and mafia attacks,” Hugo Chavez’s successor, socialist President Nicolas...
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The standard wage for an American is $29,000: Social Security data reveals...
mybudget360.com / January 29, 2017 All Americans pay Social Security taxes. So looking at Social Security for income data is fairly reliable. The new Social Security figures show that Americans...
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Online Grocer Debuts “Fruit-Picking Robot” In Latest Blow To Minimum Wage...
zerohedge.com / by Tyler Durden / Jan 31, 2017 In the latest sign that low-skill jobs are doomed to the inevitable, detrimental effects of technological advancements, particularly in era of...
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Wage Growth Disappointment Sparks “Bad News Is Good News” Bid For Stocks,...
zerohedge.com / by Tyler Durden / Feb 3, 2017 9:09 AM The disappointing slowdown in average hourly earnings growth – the weakest since August – means The Fed is likely on hold for March at a minimum...
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Stocks and Precious Metal Charts – Unicorns Rampant on a Field of Greed
jessescrossroadscafe.blogspot.com / BY JESSE / 03 FEBRUARY 2017 As I had suggested a couple of weeks ago, the Street would keep stock index prices near these elevated levels while they concocted a few...
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Time to Panic in Australia
mishtalk.com / Mike “Mish” Shedlock / February 8, 2017 Australians’ private debt has soared to 187 per cent of their income. Debt is up from about 70 per cent in the early 1990s. The jobless rate rose...
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Emerging Markets: What has Changed
marctomarket.com / by Marc Chandler / March 4, 2017 A Korean special prosecutor indicted Samsung chief Jay Y. Lee on bribery charges. Korean press is reporting that China has told its travel agents to...
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Meet “Flippy”, The Burger-Flipping ‘Bot That CaliBurger Is Rolling Out In All...
zerohedge.com / by Tyler Durden / Mar 8, 2017 Dear Bernie Sanders, it is our great pleasure to introduce to you, “Flippy”, the burger-flipping robot that will soon replace all those fast food workers...
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Stagnant Wage Growth Continues (Still Worst Wage Recovery After A Recession...
wallstreetexaminer.com / by Anthony B. Sanders via Confounded Interest / March 10, 2017 The January jobs report is out and it showed little change since the December report. That is, relatively low...
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New Study In D.C. Finds That New $15 Minimum Wage Could Cost 1,200 Jobs
zerohedge.com / by Ted Goodman via The Daily Caller / Mar 19, 2017 A new study that analyzes the potential effects of a $15 minimum wage in the District of Columbia (Washington, D.C.), found that an...
View ArticleGraduating with a Degree in Debt: The Average Student Debt Balance for...
mybudget360.com / March 20, 2017 The runaway cost to attend college just continues to sprint ahead. The average student loan balance for graduating seniors is now $40,000. This is astronomical...
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Meet SAM, Brick Laying Robot That Does The Work Of 6 Humans
zerohedge.com / by Tyler Durden / Mar 28, 2017 In the latest installment of our “Dear Bernie” series, posts intended to inform the Vermont Senator about the unintended, negative consequences of...
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“Trickle Down” Has Failed; Wealth and Income Have “Trickled Up” to the Top .5%
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, MARCH 29, 2017 Central bank policies have generated a truly unprecedented “trickle-up” of wealth and income to the top .5%. Over the...
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Iowa State Snowflakes Upset Over Prisoner Wage Rates; It’s “Modern Day Slavery”
zerohedge.com / by The College Fix / Apr 10, 2017 On Friday about 40 protesters at Iowa State University demonstrated against the school’s use of prison labor “to acquire furniture.” According to the...
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Albert Edwards Is Puzzled: “Where Is The Wage Inflation?”
zerohedge.com / by Tyler Durden / Apr 13, 2017 10:00 AM Just like Bill Gross’ monthly note earlier, Albert Edwards’ latest piece is an exercise in stream of consciousness in two parts. In the first...
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Bank Lending Shrinking As Wage Growth Remains Stagnant
wallstreetexaminer.com / by Anthony B Sanders via Confounded Interest / April 14, 2017 I appeared on Fox News Radio today on the Tom Sullivan Show. He asked me about the non-existant inflation report...
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The Racist History of Minimum Wage Laws
mises.org / Chris Calton / April 17, 2017 In 1966, Milton Friedman wrote an op-ed for Newsweek entitled “Minimum Wage Rates.” In it, he argued “that the minimum-wage law is the most anti-Negro law on...
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Meet The Robots That Will Build Your Next House
zerohedge.com / by Tyler Durden / Apr 17, 2017 The U.S. residential construction industry employs 100’s of thousands of people each year in various skilled trades that earn hourly pay rates ranging...
View ArticleFantasyland Reality Check: Fed’s Beige Book Makes Absurd Claims in at Least 3...
mishtalk.com / Mike “Mish” Shedlock / April 19, 2017 The Fed’s Beige Book, a summary of economic activity in 12 Fed regions, claims modest wage increases broadened, manufacturing expanded, and light...
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Who Will Live in the Suburbs if Millennials Favor Cities?
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, APRIL 23, 2017 Who’s going to pay bubble-valuation prices for the millions of suburban homes Baby Boomers will be off-loading in the coming...
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What the Wage Equality Crusaders Don’t Understand
mises.org / Brittany Hunter / April 24, 2017 Women in the workforce are constantly bombarded by rhetoric intended to make us feel less appreciated than our male colleagues. Politicians and Hollywood...
View ArticleBernie To Introduce $15 Federal Minimum Wage Legislation On Wednesday
zerohedge.com / by Tyler Durden / Apr 24, 2017 We all knew it was coming and now it has finally been confirmed that the Senate’s favorite Socialist will introduce legislation later this week calling...
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Albert Edwards: “What On Earth Is Going On With US Wages”
zerohedge.com / by Tyler Durden / May 27, 2017 When Albert Edwards predicted in late 2016 that a surge in wage inflation was imminent, we were confused by this prediction from the world’s preeminent...
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Why “Suddenly Hawkish” Yellen Brushed off the Dip in Inflation
wolfstreet.com / by Wolf Richter / Jun 15, 2017 She did her homework. And consumers got a temporary gift. A “suddenly hawkish” Yellen, as she is now being prefaced by some voices, brushed off the dip...
View ArticleWhy We NEED Wage And Environmental Parity Tariffs
market-ticker.org / by Karl Denninger / 2017-06-18 One of the central necessary actions I put forward in Leverage is that the United States must implement wage and environmental parity tariffs to...
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“Fake Research”: Seattle Mayor Knew Critical Min. Wage Study Was Coming, So...
zerohedge.com / by Tyler Durden / Jun 28, 2017 Earlier this week we wrote about a study published by the University of Washington which was fairly damning for Seattle’s $15 minimum wage. To our total...
View ArticleAgain: WAGE AND ENVIRONMENTAL PARITY TARIFFS
market-ticker.org / by Karl Denninger / 2017-07-02 Folks, you really need to read this — carefully: Every 45 seconds or so, a neatly wrapped VanHeusen dress shirt destined for a J C Penney store in the...
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Missouri Reverses St. Louis Minimum-Wage Hike
zerohedge.com / by Tyler Durden / Jul 4, 2017 A week ago, we reported on a study from the University of Washington that exposed how the city of Seattle’s progressive minimum wage increases, which...
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Where The June Jobs Were: More Minimum Wage, Surge In Government Hiring
zerohedge.com / by Tyler Durden / Jul 7, 2017 Another month, another increase in minimum wage jobs such as healthcare and education, which is hardly a surprise but this time an unexpected source of...
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How to live on $25,000 a year in low wage America: A guide to living on the...
mybudget360.com / July 9, 2017 Most Americans live paycheck to paycheck. We hear stories of people waiting until midnight at the end of the month so accounts can get filled with funds simply to buy...
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Growing Number of Companies Complain About Inability to Find Workers: So Why...
mishtalk.com / Mike “Mish” Shedlock / July 17, 2017 Since 2010, the highest year-over-year wage increase in any month for production and nonsupervisory employees is near 2.6%. For a two-year stretch...
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Why Wage Growth Is So Weak
mises.org / Frank Shostak / July 18, 2017 The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May....
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US Workers’ Wage Expectations Unexpectedly Collapse
zerohedge.com / by Tyler Durden / Aug 21, 2017 5:14 PM Cue the latest economic (and Phillips curve) paradox. On one hand, the US unemployment rate is at a 16 year low of 4.4%, suggesting little if any...
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“I Was Wrong”: Albert Edwards Finds Something That Has Never Happened Before
zerohedge.com / by Tyler Durden / Aug 31, 2017 At the start of the year, we were surprised when SocGen’s Albert “Ice Age” Edwards, the biggest perma-deflationist on Wall Street, flipped his outlook on...
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Labor, Inflaton, Aggregate Demand, and French Reforms
marctomarket.com / by Marc Chandler / September 7, 2017 Low unemployment rates in the US, UK, and Japan have not fueled much wage pressure, and this is vexing policymakers. They are unable to...
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Is the High Cost of Housing Crushing Wages?
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, SEPTEMBER 06, 2017 The authors’ thesis doesn’t explain the 47-year downtrend of labor’s share of the economy. A provocative essay, Don’t...
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Slow Wage Growth Could Be Thanks to ‘Sticky Wages’
mises.org / Curtis Williams / September 8, 2017 The economic outlook in the United States right now is remarkably positive according to many indicators; unemployment is at it’s lowest since the...
View ArticleCanada’s Hunt For Taxes Turns on Minimum Wage Earners
armstrongeconomics.com / by Martin Armstrong / Oct 20, 2017 The hunt for taxes has turned to employees of companies. Any benefit you give an employee is considered “soft-income” and is to be taxed. In...
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Nothing Really Matters, Anyone Can See
tfmetalsreport.com / By Turd Ferguson / Friday, November 3, 2017 The US labor force is rapidly shrinking. Wage growth is non-existent. The vast majority of the American people have no savings and...
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Email From Pat Higgins On the Dynamic Factor Volatility of GDPNow
themaven.net / by Mike Mish Shedlock / November 6, 2017 Following the ISM manufacturing report, the GDPNow model upped its 4th quarter GDP forecast from 2.9% to 4.5%. On Friday, GDPNow revised its...
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Americans’ Real Wage Growth Contracts For 3rd Straight Month – First Time...
zerohedge.com / by Tyler Durden / Nov 15, 2017 9:04 AM For the first time since 2012, real average hourly earnings has declined for 3 straight months… READ MORE The post Americans’ Real Wage Growth...
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Higher Wage Hope Hammered As American Worker Compensation Slumps
zerohedge.com / by Tyler Durden / Dec 6, 2017 8:40 AM US labor productivity rose 3.0% QoQ in Q3, the biggest rise since Q3 2014. Great news, right? READ MORE The post Higher Wage Hope Hammered As...
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UK’s Toxic Housing Mix
zerohedge.com / by Tyler Durden / Dec 21, 2017 Asking prices for houses in the UK are starting to fall at a time when first time buyers in the UK continue to struggle to get on the ladder. The average...
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