Wages & Prices

Someone looking at the annual "Union Members" report released this morning by the Department of Labor's Bureau of Labor Statistics would logically conclude that 2014 was a year organized labor would rather forget. While average nonagricultural wage and salary employment increased by over 2.32 million from 2013 to 2014, union membership only went up by 48,000, or about 2 percent of the nationwide…

On today's Morning Joe, commenting on the arrest of Dem NYS Assembly Speaker Sheldon Silver on bribery charges, Rattner claimed that "they don't pay these guys full-time salaries. They pay them, I think, $112,000 a year."  

Three results returned in a search at the Associated Press's national site on "Venezuela" tell us almost nothing about that country's deepening economic crisis. An unbylined January 10 item reports on the visit of Nicolas Maduro, the country's de facto dictator, to Iran in hopes of "stabilizing" (i.e., raising) oil prices. A second unbylined report on January 9 tells readers that there's really…

The big-government supporters at the New York Times offered two classic big-government news stories on the front of its Business section two days in a row. On Friday: "Government Spending, Edging Up, Is a Stimulus." The text box underlined the pro-government spending sentiment: "The public sector is once again adding to prosperity." On Thursday: "Hourly Wage Is Going Up for Millions." The online…

Former New York Governor Mario Cuomo, who died on Thursday, is predictably being lionized today by USA Today's Aamer Madhani "as (a) giant in political rhetoric," and by others elsewhere in similarly glowing terms. Madhani goes on to characterize the three-term Empire State chief executive's 1984 Democratic Convention speech in San Francisco as "what is widely considered one of the finest pieces…

Call the Ripley's Believe It or Not people. Have smelling salts available. What follows will surely be one of the more unusual things you've seen or heard this year. In the midst of his otherwise odious Silicon Valley race-hustling shakedown effort, Jesse Jackson said something that made sense — so much sense that the rest of the press, which usually hangs on every word of his nonsensical…

Although 2014 was an election year, venomous attacks weren’t just in the campaign commercials. Most recently, anti-business attacks came from protesters across the country in the form of #ShutItDown. And there were many other anti-business views presented by the liberal news media, TV programming and left-wing extremists this year. Attacks on businesses, executives and certain products were…

An epic example of fanciful, fatuous liberalism featured in the most recent New York Times Sunday Review, a screed from Times food writer Mark Bittman that tried to tie in every single current event into a neat package labeled Republican Evil: "The police killing unarmed civilians. Horrifying income inequality. Rotting infrastructure and an unsafe "safety net." An inability to respond to climate…

Just before Thanksgiving, Our Walmart and the United Food and Commerical Workers went into high gear in their effort to draw attention to their advocacy of $15-per-hour minimum wage at the nation's largest retailer. Just after the holiday, I pointed to a column by the Manhattan Institute's Diana Furchtgott-Roth, who quickly discovered that many Kroger employees represented by the UFCW earn far…

In a Tuesday column originally appearing at RealClearMarkets.com (found in more readable form at Economics21.org), the Manhattan Institute's Diana Furchtgott-Roth tore into the hypocrites at OUR Walmart, the union-backed effort to intimidate the nation's largest retailer into paying all employees at least $15 per hour. In the process, Furchtgott-Roth noted a particularly important fact which I…

Far be it from me to talk a leftist columnist out of an ignorant, self-satisfied position which might, if anything, cause his fellow travelers to hit the accelerator a little less aggressively in future political campaigns. At the Atlantic on Monday afternoon, Richard Reeves, policy director of the Center on Children and Families at the Brookings Institution, claimed that the left shouldn't be …

Obama has been a champion of equal pay for women, at least according to his administration and the network news media. The broadcast networks boosted his image on the subject throughout his presidency, from the first bill he signed into law in 2009 to a September 2014 speech mentioning “equal pay.” ABC said Obama waged an “assault” on the pay gap with an executive order over salary disclosures,…

The dictionary tells us that "a few" is "a small number of persons or things." Though there is some ambiguity in the guidance I have reviewed, it's fair to say that "Generally a few is more than 2." Not at the Associated Press, where "a few" can apparently be two, at least when it comes to "fact-checking" President Obama's grandiose claims in his Thursday speech at Northwestern University.…