This is the second major increase in the minimum wage, which was raised by 16% in 2019.
economics
Meta-study: U.S. Single-payer Healthcare System Would Reduce Costs
A meta-study of 22 studies examining the potential affects of a single-payer healthcare system on the U.S. economy has shown healthcare spending would fall under the system. Nineteen of the studies found that spending would fall in the first year,… Read More ›
Manufacturing sector contracts 4th month in a row, in recession
This is the fourth month in a row the manufacturing sector has been in contraction.
The Financial Times posts endorsement of Labour Party in upcoming UK general election
It’s a little bit like if the Wall Street Journal endorsed Bernie Sanders.
Japan overtakes China as largest holder of US treasuries as China sells off
US Treasury Department data show Japan is now the largest holder of US treasury securities with $1.15 trillion.
China was the previous largest holder but has sold off $49 billion in the last year.
Report: States with higher taxes have higher growth and employment
The report by the Institute on Taxation and Economic Policy shows states with higher tax rates fare better on multiple key economic indicators.
UK Labour Party: Businesses failing to tackle climate crisis will be de-listed from London Stock Exchange
The exchange is the 7th largest in the world with a market capitalization equaling almost $3.8 trillion USD.
Bestselling French economist Thomas Piketty releases plan to phase out billionaires
Piketty argues billionaires are harmful to economic growth and calls for a 90% wealth tax on those worth more than 2 billion euros.
Healthcare stocks rise as Sen. Elizabeth Warren backs away from Medicare for All
Major healthcare stocks up 5% in Friday trading after the announcement.
New Jersey takes steps to establish a public bank
NJ would be the second state, after North Dakota, to create publicly run bank. Gov. Phil Murphy signed executive order creating 14 member panel which must report back within a year. This week, Gov. Phil Murphy signed an executive order… Read More ›
Economic Left 