Economics 101: Maybe going on strike for higher wages when your jobs are already being replaced by robots isn’t the wisest idea

From USA Today: Thousands of fast-food workers strike; arrests made By Bruce Horovitz, USA TODAY 6:47 p.m. EDT September 4, 2014 The fast-food industry suffered some image indigestion Thursday when more than 430 workers demonstrating for higher wages in dozens of cities were arrested, organizers estimate. Those arrested included Rep. Gwen Moore, D-Wis., in West …

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Economics 101: Labor Day and the American economy under President Obama

From The Philadelphia Inquirer: Five years after recession, American workers are scared, cautious, and worse off By Jane M Von Bergen, Philadelphia Inquirer Staff Writer | Published Monday, September 1, 2014, 1:08 AM When the phone call came, Anthony Reynolds, a big man with a ready laugh, cried like a baby.His ex-wife, living in Texas, …

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Economics 101: It doesn’t matter how liberal you are, eventually you have to do something radically conservative like pay your bills

We have previously noted, in our 18th Century Technology category, the financial travails of newspapers these days. But it’s not just newspapers, and even companies owned and run by liberals are not immune from market forces: Bloodbath at CNN, HLN: Axing of 550 Jobs ‘Imminent’ Today’s news of a coming bloodbath at CNN and HLN …

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Economics 101: Amazon.com has made me wealthier

No, not through site advertising; I don’t even make a pittance there. But Saturday night I bought The Particles of the Universe by Jeff Yee, for a whopping 99¢, with no sales tax, delivered to my Tablet in seconds. If I had bought the same book, printed, it would have meant at least $8.95 for …

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Economics 101: #Obamacare : making the inexpensive cost more Updated!

The original article was published last November, but in light of the Supreme Court’s decision in Burwell v Hobby Lobby Stores, Inc., I wished to revisit it, and bring it up to date. First, the original article: _________________________________________ After seeing the ad to the right on several sites — The Lonely Conservative, Sister Toldjah and …

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Economics 101: Nothing is free!

From the Los Angeles Times: Thousands go without water as Detroit cuts service for nonpayment By Alana Semuels | June 28, 2014 It has been six weeks since the city turned off Nicole Hill’s water. Dirty dishes are piled in the sink of her crowded kitchen, where the yellow-and-green linoleum floor is soiled and sticky. …

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First quarter GDP revised downward, again.

With the story about Senator Thad Cochran (R-MS) defeating TEA Party challenger, state Senator Chris McDaniel, in the Republican primary run-off election, a more important story — at least, in my opinion — hasn’t been getting the coverage it deserves. From The Wall Street Journal: U.S. Economy Shrinks by Most in Five Years Final Revision …

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Perhaps the left’s ideas about addressing income inequality might not be the better ones?

From The Wall Street Journal: The Blue-State Path to Inequality States that emphasize redistribution above growth have a wider gap between lower and higher incomes. By Stephen Moore and Richard Vedder | June 4, 2014 7:16 p.m. ET For those in Washington obsessed with reducing income inequality, the standard prescription involves raising taxes on the …

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Economics 101: Nothing is free

Sister Toldjah tweeted: RT @TwitchyTeam: ‘Unexpected’: Are Seattle businesses adding a surcharge to pay for the new minimum wage? [pic] http://t.co/M31zHLbRFP — Stacey-SisterToldjah (@sistertoldjah) June 6, 2014 Which brings us to this one: What’s wrong with SeaTac’s $15 min wage in 1 photo — Local businesses are now adding 8.25% “living wage surcharge” pic.twitter.com/IMifQRIWhN — …

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What the VA system did is what we can all expect under single-payer

As we noted before Memorial day, the Veterans’ Administration Hospital scandal does not surprise us in the slightest. But, naturally, the scandal keeps growing. From The Daily Beast: Last week, President Obama pledged to address allegations of corruption and dangerous inefficiencies in the veterans’ health-care system. But before the president could deliver on his pledge, …

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