Addressing New York City’s affordability issue needs wage increases and access to opportunities
The cost of living in New York City has risen significantly in 2025, with a 4% increase overall. Rents jumped by 4.7%, and childcare and school-related expenses surged nearly 6%, surpassing the national averages. This situation raises serious questions about what it means to be able to afford living in New York, especially as the […]
Increasing the minimum wage really heightens racial inequalities.
Proposals to increase the minimum wage are popping up quickly across the country. Recently, California raised its minimum wage for fast food workers to $20, with plans to go as high as $25. Meanwhile, Washington state is considering a minimum of $25, and in a notable campaign move, mayoral candidate Zoran Mamdani is advocating for […]
Trump’s Immigration Policy Provides Actual Wage Increases for American Workers
American Workers Benefit from Reduced Foreign Labor Initial Economic Gains from Trump’s Immigration Policies It’s apparent: American workers are benefiting. After years of believing that large-scale immigration was crucial for the economy, data from the first eight months of Trump’s administration suggests otherwise. A decrease in competition from foreign workers has resulted in higher wages […]
McDonald’s insists restaurants offer minimum wage to employees and leaves influential group over tipping dispute
McDonald’s is pushing for restaurants to ensure waitstaff are paid a minimum wage rather than depending on tips to supplement their earnings. The fast-food leader is facing a decline in market share due to increased competition from full-service restaurants that utilize advanced service staffing. McDonald’s has also announced its departure from the National Restaurant Association […]
Mamdani’s $30 minimum wage proposal might accelerate job automation.
The Big Money Show Discusses Zohran Mamdani’s Campaign A panel on “The Big Money Show” recently talked about New York City mayoral candidate Zohran Mamdani’s campaign and his policy proposals. Mamdani, who is 33 and identifies as a democratic socialist, is pushing for an increase in the minimum wage to $30 an hour by 2030, […]
Leavitt demonstrates U.S. wage growth despite low, steady inflation: ‘Don’t listen to the alarmists and have faith in President Trump’
Leavitt Defends Trump’s Economic Management In a recent press conference, White House spokesperson Caroline Leavitt defended President Donald Trump’s handling of the economy, dismissing criticism she described as part of the “Panican.” This term, reportedly coined by Trump, refers to individuals he believes are overly anxious about new tariffs and their implications. During the briefing, […]
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 […]