Pennsylvania State Treasurer Barbara Hafer, president of the National Association of State Auditors, Comptrollers and Treasurers which controls trillions of investment dollars, has repeatedly called on state governments to wage economic war on terrorism.
Providing more liquidity for the U.S. economy only to allow corporations, banks, and investors to send 40% of it to China is the latest strange way to wage the economic war.
Health-care spending will essentially devour all our future wage increases and economic growth.
They credit Mr Kirchner whose government this week agreed a big increase in the minimum wage with economic recovery after the collapse of 2001-02.
The facts are otherwise: The most rigorous research over the last 15 years, including studies across state lines with different minimum wages, has found that higher minimum wages do not result in job loss, even for minimum wage increases during weak economic periods.
Republicans said raising the minimum wage would dampen a sluggish economic recovery and cost jobs.
This pressure creates an inexorable economic problem: Wage increases consistently outpace inflation with no increase in productivity.
At that rate peer-to-peer sharing is moving from an income boost in a stagnant wage market into a disruptive economic force.
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At the same time Miami's lousy public school system and relative paucity of college grads help create a low-wage, low-tech economic base.
We have automated certain positions away, walked away from contracts that were not economic at higher wage rates, and had to outsource certain functions to outsiders.
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For sure, consumers worldwide need to stretch incomes further today, in a climate of weak economic growth and lagging wage growth.
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Second, are the most indebted countries ready to endure economic pain wage cuts, the end of cherished benefits and the imposition of labour-market reforms to balance the books and encourage growth?
Testimony from the hearing's two remaining witnesses focused on the economic impact of immigration reform, and whether it would damage job and wage prospects for citizens on the lower rungs of the economic ladder.
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Advocates say a minimum wage increase can lead to even broader economic benefits.
Any serious plan for economic recovery must therefore encourage wage growth.
Mr. Pak, who is known to have shown interest in the economic systems in China and South Korea was removed from the post in 2007 some believe because of his support for new economic policies including an hourly wage system.
Here is a suggestion for a smart minimum wage law (perhaps proposed in return for relaxing federal healthcare taxes and mandates for small business?): A minimum wage rise that is triggered by stipulated economic conditions, much like the Fed says it will let interest rates seek market levels only when unemployment drops to 6.5%.
My recent Forbes article about the minimum wage contains some claims, facts, and figures based on economic theory and an extensive body of research by economists who have studied the employment effects of the minimum wage.
Proponents of the minimum wage such as John Schmitt, a senior fellow at the Center for Economic and Policy Research in Washington, like to argue that the mean effect of the minimum wage on jobs for low-skilled workers is close to zero.
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Women represent nearly two-thirds of minimum-wage workers, while black and Hispanic workers represent a higher share of the minimum-wage workforce than whites, according to the Economic Policy Institute.
Expectations may have risen, but cost push or wage inflation will only likely to rise if economic growth is sufficiently strong or it can be accommodated by an acceleration in monetary growth.
"Those people generally speaking are in industries key to our economic growth and if any living wage was brought in that increased the demands on their outgoings it would knock the balance out of kilter, " he said.
Support for the traditional economic view--that the minimum wage increases unemployment among the lowest-skilled workers and among teenagers--has been weakening.
The economic costs and benefits of the minimum wage are complicated.
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He said raising the minimum wage will revitalize New York's slow and uneven economic recovery.
Today's economic crisis has little to do with differential wage costs within the euro.
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But business groups including Unshackle Upstate warn raising the wage could hurt New York's slow and uneven economic recovery.
The penalties associated with part-time work in the U.S. are actually seven times higher as they are in Sweden and the UK, and this affects workers across the economic spectrum, but we see low-wage workers especially hard hit with little if no benefits and with pretty much no with documented wage penalties.
Wage growth supports consumer spending, a major contributor to national economic growth.
Senate Republican leader Dean Skelos of Long Island said his conference remains concerned that raising the minimum wage will force layoffs and hamper New York's slow economic recovery.
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