Fausta's Blog

American and Latin American Politics, Society, and Culture

October 30, 2015 By Fausta

Fatca: Discrimination with no representation

A regulation directly affecting 8 million Americans that is yet another instance, as the WSJ put it, of “U.S. tax and regulatory policies that hamper the entire U.S. economy.”

Read my post, Fatca: Discrimination with no representation

Share

Filed Under: Barack Obama, business, USA Tagged With: employment, Fausta's blog

January 30, 2014 By Fausta

Minimum Wage Laws Kill Jobs

Prof. Steve Hanke explains Minimum Wage Laws Kill Jobs

In the 21 countries with a minimum wage, the average country has an unemployment rate of 11.8%; whereas, the average unemployment rate in the seven nations without a minimum wage is about one third lower – at 7.9%.

Read the whole article.

Share

Filed Under: economics, EU Tagged With: employment, Fausta's blog, unemployment

December 16, 2013 By Fausta

Monday night Mike Rowe @mikeroweworks

Nick Gillespie interviewed Mike Rowe,

Rowe recently sat down with Reason’s Nick Gillespie to discuss his bad experience with a high school guidance counselor (3:20), why he provides scholarships based on work ethic (6:57), the problem with taxpayer-supported college loans (8:40), why America demonizes dirty jobs (11:32), the happiest day of his life (13:14), why following your passion is terrible advice (17:05), why it’s so hard to hire good people (21:04), the hidden cost of regulatory compliance (23:16), the problem with Obama’s promise to create shovel ready jobs (33:05), efficiency versus effectiveness (34:17), and life after Dirty Jobs (38:24).

Don’t miss also Mike doing a QVC almost-ad for gourds. Rowe worked at QVC years ago,

Share

Filed Under: Dirty Jobs, Discovery Channel, entertainment, manly men Tagged With: employment, Fausta's blog, Mike Rowe

February 16, 2013 By Fausta

The $9/hr unemployment act

This is what teen unemployment has been for the last six years:

With that dismal number, the President proposes a 25% increase in minimum salary to $9/hr. The result? The least educated, experienced and skilled will be priced out of the market.

In today’s WSJ:
The Minority Youth Unemployment Act
A higher minimum wage will hurt Obama’s most loyal supporters.

The damage from a minimum wage hike depends on the overall labor market. If the job market is buoyant, as it is in the fracking boomtown of Williston, N.D., fast-food workers may already make more than $9 an hour. But when the jobless rate is high, as it still is in California and New York, the increase punishes minority youth in particular.

That is what happened during the last series of wage hikes to $7.25 from $5.15 that started in July 2007 as the economy was headed toward recession. The last increase hit in July 2009 just after the recession ended, and as the nearby chart shows, the jobless rate jumped for teens and black teens especially. For black teens, the rate has remained close to 40% and was still 37.8% in January.

A study by economists William Even of Miami University and David Macpherson of Trinity University concludes that in the 21 states where the full 40% wage increase took effect, “the consequences of the minimum wage for black young adults without a diploma were actually worse than the consequences of the Great Recession.”

William Dunkelberg, chief economist for the National Federation of Independent Business, says that after the July 2009 increase 600,000 teen jobs disappeared in the next six months even as GDP expanded. In the previous six months, when the economy was still shrinking, half as many teen jobs were lost. The overall teen jobless rate was still 23.4% last month, which means demand for unskilled workers is low even at $7.25 an hour. Demand will be lower at $9.

As for that family Obama referred to,

But today, a full-time worker making the minimum wage earns $14,500 a year. Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong.

Wrong, indeed,

He left out that most minimum-wage earners are not the primary bread winner. Nearly 40% live with a parent or relative. The average family income of a household with a minimum-wage worker is about $47,023—which is far above the poverty line of $23,550 for a family of four.

Mr. Obama didn’t even tell the whole story about parents raising a family on a minimum-wage income. A full-time minimum-wage worker earns roughly $15,000 a year. But that worker also receives a cash supplement from the earned income tax credit of roughly $5,000, and many states provide benefits on top of that to reward working. That doesn’t count government benefits like food stamps, Medicaid, child care and more. According to data from the Employment Policies Institute, about two of every three minimum-wage workers also get a raise within one year.

There’s also the erroneous premise that people are forever stuck at minimum wage, when, in fact, minimum wage jobs are entry-level jobs where workers gain the experience they need to advance. More on that in the video:


Share

Filed Under: Barack Obama, business, economics, economy, Fausta's blog Tagged With: employment, Fausta's blog, minimum salary, unemployment

February 13, 2013 By Fausta

THIS I could support: Entrepreneur visas

A New Push for Entrepreneur Visas

The Startup Act 3.0, a bipartisan Senate bill expected to be introduced this week, aims to get 75,000 new “entrepreneur visas” every year to founders who raise $100,000 for new ventures that hire at least two employees within a year and at least five in the following three years.

The measure also would create 50,000 visas per year for foreign students who graduate from U.S. universities with advanced degrees in science, technology, engineering or mathematics, and spend at least five years pursuing careers in those fields.

But those are not the kind of immigrants the Dems want:

Last November, the House passed a stand-alone bill that would have given visas to immigrants in high-tech fields. Mr. Obama opposed the bill, and the White House said at the time it “does not support narrowly tailored proposals that do not meet the president’s long-term objectives with respect to comprehensive immigration reform.”

Obama’s SOTU’S call for “comprehensive immigration reform” is not going to add any jobs to the economy, and it won’t create opportunity for Americans, nor would it provide incentives for integration and assimilation.

Bringing in highly-skilled entrepreneurs who will hire Americans (born or naturalized) will.


Share

Filed Under: illegal immigration, immigration Tagged With: employment, Fausta's blog, unemployment

November 28, 2012 By Fausta

It’s always darkest before it goes pitch black

Dark now:
IT DOESN’T PAY TO WORK

Pitch black:
Obamacare will make us a part time nation

UPDATE:
Thousands of high net worth individuals fleeing America under the Obama regime…

Share

Filed Under: economics, economy Tagged With: employment, Fausta's blog, unemployment, welfare

November 16, 2012 By Fausta

More #post-election info: 28% Latino poverty rate

Latino Poverty Rate Climbs to 28%

The numbers released Wednesday

a week after the election

by the Census Bureau are part of a newly developed supplemental poverty measure. Devised a year ago, this measure provides a fuller picture of poverty that the government believes can be used to assess safety-net programs by factoring in living expenses and taxpayer-provided benefits that the official formula leaves out.

Based on the revised formula, the number of poor people exceeded the 49 million, or 16 percent of the population, who were living below the poverty line in 2010. That came as more people in the slowly improving economy picked up low-wage jobs last year but still struggled to pay living expenses. The revised poverty rate of 16.1 percent also is higher than the record 46.2 million, or 15 percent, that the government’s official estimate reported in September.

Again, after the election, we’re told that

Hispanics and Asians also saw much higher rates of poverty, 28 percent and 16.9 percent, respectively, compared with rates of 25.4 percent and 12.3 percent under the official formula.

Oh, We Forgot to Tell You …

Related,
Hispanic Straw Men

Cross-posted at Liberty Unyielding.

Share

Filed Under: Barack Obama, economics, economy, elections Tagged With: employment, Fausta's blog, Latino vote, Latinos, unemployment

October 5, 2012 By Fausta

It’s Friday afternoon, time for unemployment numbers!

The broader U-6 rate — which takes into account part-time workers who want full-time work and lots of discouraged workers who’ve given up looking — stayed unchanged at 14.7%.

Does that make James Pethokoukis and me “jobs truthers”?

How about Jack Welch?

Rick Santelli saw it coming,

How about these economists: Unemployment drop ‘implausible … a statistical quirk’?

Perhaps the unemployment figures are based on a poll.


Share

Filed Under: Barack Obama, business, economics, economy, elections Tagged With: employment, Fausta's blog, unemployment

  • 1
  • 2
  • 3
  • Next Page »
Tweets by @Fausta
retirees_raise-2015_300x250

Pages

  • About
  • Email

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Previous Posts

  • Mrs. Maisel goes full Alinsky on Mrs. Schlafly
  • Venezuela: Did the Minister of Defense back out at the last minute?
  • You need to unfriend me
  • Go ahead and Kiss the Girl, if you dare
  • Ashamed

Recent Comments

  • John on Mrs. Maisel goes full Alinsky on Mrs. Schlafly
  • Today’s hot topics: Democrats’ collusion shift, tax-return rift, Venezuela drift, and more! – PoliticalWitchDoctor.com on Venezuela: Did the Minister of Defense back out at the last minute?
  • Today’s hot topics: Democrats’ collusion shift, tax-return rift, Venezuela drift, and more! - AmericanTruthToday on Venezuela: Did the Minister of Defense back out at the last minute?
  • Did Venezuela’s Minister of Defense Back Out At The Last Minute? on Venezuela: Did the Minister of Defense back out at the last minute?
  • Roseanne Not Back, Khan not Invited, Operaman’s back, Jobs back, Fausta’s back (but not here yet) Thoughts under the fedora – Da Tech Guy Blog on Venezuela: Did the Minister of Defense back out at the last minute?

Archives

  • 2019
    • December 2019
    • May 2019
    • January 2019
  • 2018
    • December 2018
    • October 2018
    • July 2018
    • June 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
  • 2017
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
  • 2016
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • January 2016
  • 2015
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • March 2015
    • February 2015
    • January 2015
  • 2014
    • December 2014
    • November 2014
    • October 2014
    • September 2014
    • August 2014
    • July 2014
    • June 2014
    • May 2014
    • April 2014
    • March 2014
    • February 2014
    • January 2014
  • 2013
    • December 2013
    • November 2013
    • October 2013
    • September 2013
    • August 2013
    • July 2013
    • June 2013
    • May 2013
    • April 2013
    • March 2013
    • February 2013
    • January 2013
  • 2012
    • December 2012
    • November 2012
    • October 2012
    • September 2012
    • August 2012
    • July 2012
    • June 2012
    • May 2012
    • April 2012
    • March 2012
    • February 2012
    • January 2012
  • 2011
    • December 2011
    • November 2011
    • October 2011
    • September 2011
    • August 2011
    • July 2011
    • June 2011
    • May 2011
    • April 2011
    • March 2011
    • February 2011
    • January 2011
  • 2010
    • December 2010
    • November 2010
    • October 2010
    • September 2010
    • August 2010
    • July 2010
    • June 2010
    • May 2010
    • April 2010
    • March 2010
    • February 2010
    • January 2010
  • 2009
    • December 2009
    • November 2009
    • October 2009
    • September 2009
    • August 2009
    • July 2009
    • June 2009
    • May 2009
    • April 2009
    • March 2009
    • February 2009
    • January 2009
  • 2008
    • December 2008
    • November 2008
    • October 2008
    • September 2008
    • August 2008
    • July 2008
    • June 2008
    • May 2008
    • April 2008
    • March 2008
    • February 2008
    • January 2008
  • 2007
    • December 2007
    • November 2007
    • October 2007
    • September 2007
    • August 2007
    • July 2007
    • June 2007
    • May 2007
    • April 2007
    • March 2007
    • February 2007
    • January 2007
  • 2006
    • December 2006
    • November 2006
    • October 2006
    • September 2006
    • August 2006
    • July 2006
    • June 2006
    • May 2006
    • April 2006
    • March 2006
    • February 2006
    • January 2006
  • 2005
    • December 2005
    • November 2005
    • October 2005
    • September 2005
    • August 2005
    • July 2005
    • June 2005
    • May 2005
    • April 2005
    • March 2005
    • February 2005
    • January 2005
  • 2004
    • December 2004
    • November 2004
    • October 2004
    • September 2004
    • August 2004
    • July 2004
    • June 2004
    • May 2004
    • April 2004
    • March 2004
Content Copyright Fausta's Blog

Site Developed and Managed by 300m.com