Fight for 15 update: Seattle employment craters after minimum wage hike to $15/hour

Science! (Is economics really a science? I’ve long felt it should be taught alongside astrology or some related field.) In any event, the continent sized Petri dish which is the American jobs market has been the subject of much speculation since the Fight for Fifteen muscled its way into the presidential campaign debate. It’s a very populist position which the Democrats have been riding like rocket. At the same time, people who actually study such matters have been warning that it would backfire spectacularly...
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What jobs? BLS says 665,000 job LOSSES

New Bureau of Labor Statistics shows that there were 665,000 jobs lost in January, a blunt finding that confuses the heralded report that 151,000 jobs were created in January in non-farm payrolls. But who got them? The very same BLS finds that jobs to "native born" and immigrant workers dropped. Ditto for men and women.
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Data Show These 6 Big Cities Aren’t Faring Well After Minimum Wage Hikes

Data shows a downhill economic trend for six big U.S. cities that hiked the minimum wage to $10 or more an hour in 2015.
“Chicago, Oakland, San Francisco, Seattle, Los Angeles and Washington, D.C.—all on the leading edge of the push for big minimum wage hikes—all show worrisome job trends,” wrote Jed Graham of Investor’s Business Daily.
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7 Months After Stimulus 49 of 50 States Have Lost Jobs

HOUSE COMMITTEE ON WAYS & MEANS/REPUBLICANS, 10/21/2009 (via Positively Republican) - America Now Over 6 Million Jobs Shy of Administration's Projections. The committee's table compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs. To see how stimulus has failed your state, view table HERE. Read More......

John Boehner: June 26 Leader Alert

What You May Not Know About Speaker Pelosi's National Energy Tax: More Mandates, More Regulations, and More Costs Than Ever Before

WASHINGTON, 6/26 - Speaker Pelosi’s national energy tax is going to raise electricity prices, increase gasoline prices, and ship American jobs overseas to countries like China and India. This, we know. ∴ It would be a bureaucratic nightmare overseen by a confusing web of government agencies that would take and redistribute trillions of dollars from family budgets and workers payrolls. This, we also know. Even Agriculture Committee Chairman Collin Peterson (D-MN) admitted in the Washington Post this morning that: “The truth is, nobody knows for sure how this is going to work.” How encouraging. ∴ But what don’t we know? Here are some facts you may not know about Speaker Pelosi’s national energy tax... Read more at the House Republican Leaders site... Read More......