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Want More Jobs? Raise the Minimum Wage

The Big Picture

The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. Perhaps even more surprising has been the wholesale abandonment of specific industries: Food service, retail, etc., It stays local and is likely to benefit the regional economy.

Food 364
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Sunday links: holding on a little longer

Abnormal Returns

eig.org) Immigration affects the economy in a lot of different ways. apricitas.io) California's new fast food wage law did not generate job losses. thecausalfallacy.com) Economy The labor economy is still on track. economy at present. econbrowser.com) The economic schedule for the coming week.

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Tuesday links: a major driver

Abnormal Returns

wsj.com) Economy National homebuilder confidence is soft. calculatedriskblog.com) Food inflation is now low and stable. econbrowser.com) Chinese economic sentiment has not rebounded from the pandemic. (econbrowser.com) Real estate Striking out on your own these days is expensive.

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Sunday links: forecasting accuracy

Abnormal Returns

gothamgal.com) 15 states have rejected a new, federally funded summer program to give food assistance to hungry children. washingtonpost.com) Measuring economic inequality is harder than it looks. papers.ssrn.com) Economy People have nostalgia for a time that never existed. calculatedriskblog.com) Inflation is trending lower.

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Soft Landing RIP

The Big Picture

How much will the economy slow in Q3 and Q4? Will the economic slowdown continue into 2023? How much will the economy slow in Q3 and Q4? But there is a tomorrow and my expectations are that if the Fed overtightens (as they appear on track to do) then the next 12 months will be less economically robust than the prior 12.

Economy 345
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Sunday links: return expectations

Abnormal Returns

sherwood.news) Economy Americans are making more grocery store stops in order to combat food inflation. calculatedrisk.substack.com) The economic schedule for the coming week. (axios.com) The U.S. fertility rate is at its lowest level since measurement started. wsj.com) Americans are not defaulting very much on their mortgages.

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Friday links: putting your phone down

Abnormal Returns

slate.com) Economy The May PCE increased 2.6% bonddad.blogspot.com) Economic surprises are likely done going down YTD. sherwood.news) Food prices have NOT tripled (or quadrupled). (sportico.com) Major marathons are filling up, pushing runners to secondary races. year-over-year, down from a peak of 7.0%.