Wages & Prices

What economists call an ability to make "compensating differences" is a valuable tool in everyone's arsenal. If people are prohibited from doing so, they are always worse off. You say, "Williams, I never heard of compensating differences. What are they?"  

Secret isn’t just selling deodorant these days; it’s also advertising the fabled ‘wage gap.’ In the company’s popular “Raise” commercial, a young woman stand in front of a bathroom mirror, nervously preparing to ask her boss for raise. But whether or not her deodorant can hold up against her anxiety takes a back seat to her battle for equal pay.

Venezuela’s economy continues to deteriorate under the rule of its socialist president Nicolas Maduro. The collapsing economy, combined with government regulations and price controls created a food shortage so severe some have taken drastic measures. One group of desperate Venezuelans broke into a zoo and butchered a horse for meat on July 24, according to Fusion’s Manuel Rueda.

They call it a comeback. It is true, the U.S. economy is no longer in the depths of what has been called “The Great Recession.” But, in many ways the economy remains “weak.” Overall economic growth remains “subpar” and labor force participation rates remain shocking, not far from 38-year lows. Then of course there’s poverty, food stamp use, weak wage growth and household income struggles. The…

It’s almost as if “Net Neutrality” is a Leftist safe word - to be uttered when the free market growing freely causes them too much discomfort. Few things demonstrate the insular Media-Government Bubble better than this:

Tuesday's coverage at the Associated Press of the deepening humanitarian crisis in the Bolivarian socialist disaster known as Venezuela focused on the conditions in the ever-lengthening lines its citizens must endure in hopes of obtaining enough of the basics of everyday life just to survive. Wire service reports often start off relatively brief and expand as reporters gather more information.…

Editor’s Note: Normal people might find some of this offensive. (We hope.) Sex discrimination, anti-semitism, transgender cyborgs, money for nothing and a dress you wouldn’t want to touch with a 10-foot-long pair of scissors. That’s the best of, or worst of, a week in the left-wing press. It’s pressing or just depressing.

A June 30 Boston Globe editorial moaned about how "state funding for youth jobs" in Massachusetts "faces damaging cuts." Two kinds of "cuts" are occurring. One is, as of the time of the editorial, an absolute cut in dollar funding for the related government program, known as YouthWorks. However, there is another more significant cut in the number of jobs which could be provided even if dollar…

A recent ruling by the U.S. Department of Commerce dramatically increased tariffs on some Chinese steel products, such as cold-rolled steel, which is used to make appliances, cars and electric motors. Tariffs were raised by 500 percent on some other Chinese steel products. President Barack Obama and the major 2016 presidential aspirants, particularly Donald Trump, believe this measure will…

Though their report covering Donald Trump's Wednesday speech criticizing presumptive Democratic Party nominee Hillary Clinton's record has undergone subsequent revisions, the coverage of that speech by the Associated Press's Julie Pace and Jill Colvin has stuck with two common themes. One is that prospective Republican nominee Donald Trump has "struggled with the transition to a general election…

The establishment press must not think that anyone should care about the millions of dollars Bill Clinton and his wife Hillary have "earned" making speeches, particularly to powerful banks and Wall Street firms, since he left the presidency in 2001 and after her time as Secretary of State ended in 2013. That's the only explanation as to why Mrs. Clinton could promise, as she did on Tuesday, that…

The American media cabal is…ridiculous.  They are the Borg of politics - many entities, but of but one Leftist mind. Led around by their noses by whatever hack government-growing politician is before them at that moment. Just as they calmly repeated the "ventriloquized" Obama line on the Iran deal, so they're doing with the latest ruling on "Net neutrality."

El presidente de la Cámara de Representantes, Paul Ryan, y los miembros republicanos de ese cuerpo anunciaron un plan integral para combatir la pobreza en Estados Unidos, pero hasta ahora Univisión y Telemundo han ignorado con esmero la propuesta.

Disney’s CEO apparently doesn’t sing “Hakuna Matata” when reviewing his company’s taxes. The Walt Disney Company CEO Bob Iger slammed the U.S. tax system as “ridiculously complex,” and said the country’s high corporate rate was “anti-competitive.”