California’s $20 minimum wage results in thousands of job losses.
A recent study from the National Bureau of Economic Research (NBER) suggests that California’s minimum wage increase in 2023 may lead to significant job losses in the state. Specifically, researchers determined that the wage hike to $20 for fast food workers, implemented in April 2024, has resulted in a decrease of approximately 18,000 jobs in […]
Trump’s economic plan is resulting in the highest wage increases in decades, increased capital spending, and record revenue from tariffs, according to the Treasury.
Economic Gains Under the Trump Administration In Washington, it’s been noted that President Trump’s economic policies have led to significant increases in tariff revenue, wages for blue-collar workers, and capital investments—something that hasn’t happened in over a decade, according to a senior Treasury official. Joe Lavorgna, counselor to Treasury Secretary Scott Bescent, referenced three key […]
California’s $20 Minimum Wage for Fast Food Resulted in 18,000 Job Losses
Impact of California’s $20 Minimum Wage on Fast Food Employment California’s implementation of a $20 hourly minimum wage has led to a notable decrease in employment within the fast food sector, resulting in an estimated reduction of 18,000 jobs. This finding comes from a recent paper published by the National Bureau of Economic Research (NBER). […]
Renters require an hourly wage of $81.21 to afford housing in Santa Cruz, California.
Housing Costs Skyrocket in Santa Cruz, California Wendell Cox, a senior fellow at Unleash Prosperity, brings attention to a significant issue—California’s high-speed rail project is losing $4 billion in federal funding under the Trump administration. In Santa Cruz, securing a two-bedroom rental now demands a staggering annual income of over $168,000. To put it in […]
Job Growth Benefiting Native-Born Americans, Wage Increases Surpassing Inflation
Discussion on Wage Benefits and Inflation On the recent “Alex Marlow Show,” host Alex Marlow engaged with John Carney, Breitbart’s Economics editor, regarding the impacts of inflation on wage benefits. Marlow highlighted, “There are some troubling aspects under the Biden administration, where there’s a lot of talk about creating jobs—like, say, 200,000 or 150,000 jobs—and […]
Certain Social Security Recipients Will Experience Wage Garnishment Soon
In about 20 days, some Social Security recipients may notice changes due to a higher Social Security benefit adjustment. According to KFF and Cox Media Group, around 2 million Americans found themselves overpaying this year to the Social Security Agency (SSA). Starting July 24th, the new wage adjustments will take effect until all overpayments are […]
Two million student loan borrowers face potential wage garnishment: Analysis
Recent estimates from Transunion reveal that around 2 million student loan borrowers risk missing payments this summer. Approximately 6 million federal student loan borrowers have fallen behind, with over 90 days of missed payments. A significant portion of them, about a third, could default as soon as next month, as noted in an analysis released […]
Trump undecided on backing senator’s effort to increase minimum wage
Trump Uncertain on Minimum Wage Proposal President Trump has expressed uncertainty regarding a new initiative led by Sen. Josh Hawley (R-Mo.) to increase the federal minimum wage to $15 an hour. “I’ve never seen it. I need to talk to Josh. He’s a very good friend of mine,” Trump stated during a press briefing from […]
Restaurant criticized online for secret living wage charge
Some unhappy patrons recently shared their restaurant receipts on social media, which included mandatory “living wage” charges, sparking intense backlash online. Tip culture has always been a hot topic in the U.S., and with rising prices, it’s now more contentious than ever. Businesses are now stepping up to address these additional fees, but many customers […]
The budget rule that blocked the minimum wage increase may protect climate initiatives.
During 2021 and 2022, despite holding a slim majority in the Senate, Democrats managed to make significant strides by leveraging bipartisan legislation and budget adjustments. As a lead legal expert for the Senate Environment Committee, I participated in some of these initiatives and witnessed others firsthand. This strategy proved extremely fruitful, marking the largest investment […]