Unemployment rates compared in European nations with and without minimum wage

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The American Enterprise Institute (AEI) published a very interesting chart on Wednesday evening which highlighted the unemployment rate and the youth jobless rate in European countries with and without the minimum wage. Unsurprisingly, the European … [Read more...]

Video: EconPop’s ‘The Economics of The Hudsucker Proxy’

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EconStories is out with another edition of EconPop. This time, host Andrew Heaton tackles the 1994 motion picture "The Hudsucker Proxy," starring Tim Robbins and Paul Newman. Heaton discusses supply and demand as well as the minimum wage. It's … [Read more...]

It’s Official: You’re now spending more at restaurants than at grocery stores

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Last month, we brought you a chart that showed how spending on food at home compared to spending on food at restaurants and fast-food chains has aligned and is pretty much even. Well, according to new government figures from the United States … [Read more...]

100,000 jobs worldwide have been lost since Sept. 2014 amid falling oil prices

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Just how much of an impact has the tumbling price of oil had on the global labor market? According to a new report published in the Wall Street Journal, it's had a major effect on jobs in the United States and around the world. Due to falling oil … [Read more...]

Report: Newspaper reporters, lumberjacks make list of worst jobs for 2015

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Looking for a new job? Well, if possible, do try to shy away from taxicabs, newspapers, restaurants and the military, at least according to a new list released from a career website. CareerCast.com published a list of the best and worst jobs for … [Read more...]

Watch FEMEN protester rush ECB head, shout ‘end ECB dick-tatorship’ (video)

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An activist from FEMEN, a radical feminist protest organization, confronted European Central Bank (ECB) chief Mario Draghi during a press conference Wednesday morning. She rushed Draghi and then proceeded to shout "end ECB dick-tatorship." It … [Read more...]

Video: John Oliver on the IRS

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John Oliver, host of HBO's "Last Week Tonight," is out with another video that has graced the front-page of YouTube. This time he talks about the Internal Revenue Service, a federal tax-collecting agency that everyone hates, even those who call for … [Read more...]

Price Inflation: Your rent will go up again this year

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There is no price inflation...if you don't live under a roof. As any apartment dweller can attest to, renting has become really expensive over the course of the last five years. It has become so expensive that it actually may prompt many people to … [Read more...]

Credit card processor owner paying staff minimum wage of $70,000 per year

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When a private company voluntarily pays its staff a higher wage, it's perfectly acceptable and should be applauded. However, when the government mandates businesses to pay employees an arbitrary number then that's where the labor market and the … [Read more...]

2015 Tax Season: Americans will spend more on taxes than on food, housing and clothing

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With just hours until your tax return is due, the Tax Foundation has released some interesting findings in a new report about United States taxes. Essentially, the report highlights coercive extraction of your hard-earned money by the Internal … [Read more...]