Increased Minimum Wage to Cause Layoffs and Higher Prices for Goods

Over the past couple of months, a number of articles have been written about the dangers of raising the minimum wage as high as the Democrats are pushing for.  It seems that the Democrats are planning on using the minimum wage, immigration reform and income inequality as their campaign platforms in this year’s midterm elections. If a recent report is accurate, I recommend that Republicans also use minimum wage as part of their campaign platforms.  According to the report, if the minimum wage Read more […]

Associated Press Admits Obamacare Is Killing The “Recovery”

This story at Yahoo! Finance reads like something from the alternative media. Meet Teresa Hartnett: “Hartnett was getting enough steady business that she was ready to take on 60 employees. ‘I was particularly excited about offering benefits,’ she says. That enthusiasm died when Hartnett met with her accountant to be sure she could afford the expansion. Hartnett was faced with the prospect that, once she had 50 workers, she’d be subject to the ACA. She considered expanding her company with Read more […]

New Jobless Claims: Why Economic Indicators Exist To Keep You Blind

So Bloomberg is reporting “good news”: “First-time jobless claims unexpectedly fell by 7,000 to 340,000 in the week ended March 2, the lowest since the period ended Jan. 19, according to data today from the Labor Department in Washington. The median forecast of 50 economists surveyed by Bloomberg called for an increase to 355,000. The four-week average dropped to a five-year low. Companies are easing up on dismissals as purchases of equipment climb and households maintain spending in the face Read more […]

Small Business Layoffs Begin Just Two Days After Election–Can It Get Worse?

Remember back, several columns ago when I said that 72% of small business owners wanted Romney to win the presidency? Well, I don’t know if you know this, but he didn’t win, and the effects of Romney’s loss are only beginning in the business world. In my last column, I noted that a business man, named Frank Duffy had said that he would invest $50,000 into new hiring if Romney were elected, because he had confidence in a Romney economic recovery. Otherwise, he would not invest such an amount. The Read more […]