Threats by labor unions have forced California lawmakers to strike a deal this weekend that could increase minimum wage to $15 an hour, generating concerns from business owners that the deal will drive up their costs, force them to cut back on the number of employees, and even put them out of business. Despite fears over the long-term negative effects such a wage increase would have on businesses and the availability of jobs for low-skilled workers, lawmakers have apparently caved to union threats to launch fully funded political campaigns that would take the issue directly to the voters in November.
Not only are so many jobs becoming obsolete, but so are many of the Luddite unions trying to stop the inevitable from happening.
Cecilia Malmstrom, architect of Europe’s migration disaster, promotes TPP, TTIP, WTO before Peterson Institute and Global Business Dialogue insiders.
From January 2000 to the end of 2015 China closed 1,200 merger and acquisition deals in the United States worth a combined total of $63.3 billion. It would seem that the way to overtake a country may not be with planes, guns, and bombs, but rather with the almighty dollar.
Although elements of socialism have slowly crept into the economy, President Obama's calls for wage insurance cross well over the line. Under his State of the Union proposal, American workers could draw benefits merely for taking lower paying jobs, effectively cancelling out the free market in the process.
As President Barack Obama, presidential candidates Bernie Sanders and Hillary Clinton, and others across the country push for higher minimum wages, the fast food industry is taking bold steps forward in automation — moves that will help those companies offset the rising cost of employee wages.
In its latest report, the World Gold Council listed the central bank of the United States as the owner of the world's largest supply of gold. Serious questions remain as to the amount and location of the alleged cache.
A proposed Labor Department rule regarding investment advisers could have a chilling effect on the speech of popular advisers such as Dave Ramsey.