The Claptrap Behind the Minimum Wage Debate

By Bill Bonner Can Money Buy You Happiness? Not that we care especially about money. We are more interested in what it represents… and how it helps us understand the world we live in. Money establishes a relationship between people. One owes. One is owed. One can buy. One must sell. One employs. Another is […]

North Dakota Jobs Booming

While the unemployment rate in most of the United States hovers around 9% an unlikely sounding state is booming. The current unemployment rate in North Dakota of all places is just 3.5% according the September report of the U.S. Bureau of Labor Statistics. (Nationwide, the rate is 9.1%). An oil boom has sprung up and […]

Teen Employment Rate Plunges

Only 1 in 4 Teens is Employed Teenage employment rates have averaged around 45% since the 1950’s but since 2000 the teenage employment rate has plummeted. Currently less than 25% of teenagers can find a job. But don’t worry the government has a plan to create 50,000 new jobs… So what is this magic plan you […]

Almost 1 Million Unemployed Show up for 50K McDonald’s Jobs

Recently McDonald’s decided to have a mass hiring of 50,000 new employees for it’s US based hamburger restaurants some of which will be full-time and some part-time. They actually ended up hiring 62,000 new employees as a result of all the applications they received. Because many of the restaurants are owned by franchisees the wages are not controlled by […]