Recent survey reveals economists are against AOC’s $30 minimum wage proposal.
Economists are expressing concerns about a bold proposal from Rep. Alexandria Ocasio-Cortez, which aims to increase the federal minimum wage to $30 an hour. Many believe this could have adverse effects on the very individuals it aims to help. A recent study from the Employment Policy Institute indicates a high level of skepticism among U.S. […]
Economists caution that beef prices will remain high for years as the cattle population declines.
Beef prices aren’t expected to dip anytime soon, with economists suggesting the pressures in the market could persist for years. The U.S. cattle herd has shrunk to its smallest size in 75 years, largely due to prolonged drought conditions, skyrocketing feed costs, and an aging workforce in ranching. “Drought is the biggest factor,” noted Eric […]
US economy expands 2% in Q1, falling short of economists’ forecast of 2.3%
Economic Update: U.S. Growth in Q1 According to the latest estimates from the Commerce Department, U.S. economic growth has made a recovery in the first quarter, bouncing back from a decline in the fourth quarter. The U.S. Bureau of Economic Analysis (BEA) reported that the economy expanded at an annualized rate of 2% over the […]
Elon Musk’s idea of a ‘universal basic income’ to address job losses from AI confuses economists.
On Friday, Elon Musk stirred conversation by proposing that a “universal high income” from the federal government might be the best strategy to tackle job losses resulting from artificial intelligence (AI). In a post on his platform X, he stated, “Universal high income through checks issued by the federal government is the best way to […]
Recall: Economists cautioned about Trump’s tariffs—here’s what they expressed
Exactly one year ago, President Trump unveiled a new set of global tariffs, stirring up trade tensions with various countries and fueling fresh fears about the future of both the U.S. and global economies. Dubbed the “Emancipation Day” tariffs, this sweeping import tax was presented by Trump as a way to address long-standing trade imbalances […]
DHS shutdown has resulted in at least $2.5 billion in losses so far, according to economists
Economic Impact of DHS Shutdown WASHINGTON — According to White House economists, the ongoing month-long shutdown of the Department of Homeland Security has caused an estimated $2.5 billion loss to the economy. This figure is in addition to over $90 billion in losses resulting from last year’s unprecedented shutdowns. The current estimate from the White […]
Kevin Hassett urges the New York Federal Reserve to take action against economists for their tariff studies
Economic Advisor Critiques Tariff Study In a recent discussion, White House economic adviser Kevin Hassett voiced strong opinions about a study from the New York Federal Reserve. This study suggested that the majority of the burden from tariffs implemented during the Trump administration fell on American businesses and consumers. Hassett’s comments were pointed: “This paper […]
Inflation in the U.S. Slows Down, Surprising Economists
Inflation Rate Drops Unexpectedly Inflation has reached its lowest level early this year, according to a report released by the Labor Department on Friday, which caught some economists off guard. The New York Times noted that the inflation rate unexpectedly decreased to 2.4% in January, down from 2.7% in the same month of 2025. This […]
Economists Become Optimistic About Trump’s Economy
Economists Raise U.S. Economic Outlook Under Trump Recent assessments from economists have notably improved regarding the U.S. economy under President Donald Trump. This marks a significant turnaround from the previous pessimism that colored predictions through much of 2025. A January 2026 survey of 82 economic forecasters indicates that while worries about a recession have declined […]
Trump’s economy achieves 4.3% GDP growth while professional economists fail to meet predictions again
Economic Predictions Gone Awry It seems Donald Trump has once again thrown the experts for a loop. The economists—those “blue chip” analysts—were certain about high inflation and low growth a year ago. Turns out, they were way off. Seriously, their forecasts missed the mark by quite a bit. As of late, GDP growth for the […]