Showing posts with label James Pethokoukis. Show all posts
Showing posts with label James Pethokoukis. Show all posts

Wednesday, December 10, 2014

Oh, don't bother us with FACTS

December 10, 2014 American Enterprise Institute , James Pethokoukis 0 Comments
Study: Minimum-wage Hikes Made The Great Recession Worse For Low-skill Workers

James Pethokoukis, Dec. 8, 2014, American Enterprise Institute

A new NBER working paper from Jeffrey Clemens and Michael Wither of the University of California, San Diego, suggests that the 30% increase in the average effective minimum wage over the late 2000s “reduced the national employment-to-population ratio — the share of adults with any kind of job — by 0.7 percentage point” between December 2006 and December 2012.

Read more: www.aei.org

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Thursday, May 15, 2014

Here’s How Crony Capitalism And Regulation Kill US Economic Growth

May 15, 2014 Crony Capitalism , James Pethokoukis 0 Comments
James Pethokoukis , May 12, 2014, Aei-ideas.org


What timing. I just wrote a blog post on how crony capitalism is hurting American business dynamism. In particular, regulation makes it harder for new firms to enter a market and gives an edge to large incumbent firms who can lobby for favorable new rules. And as I write, ” … fewer startups means fewer disruptive new competitors to force big business to innovate or die.”

Then I see this Mercatus Center study from Antony Davies:

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Thursday, March 27, 2014

"Where’s that 5% unemployment rate Obama promised by now?"

March 27, 2014 Affordable Care Act , James Pethokoukis 1 Comments
By James Pethokoukis, Mar. 27, 2014, AEI

On the surface, the July jobs report — the unemployment rate dipped to 7.4% last month thanks to a shrinking workforce as the economy added a disappointing 162,000 net new payrolls — is just another dismal data point in America’s “new normal” recovery. But it’s also an important milestone and metric for judging the Keynesian fiscal experiment known as Obamanomics.
In January 2009, Team Obama economists put together a report – half quantitative analysis, half sales pitch — outlining the potential economic impact of the proposed $800 billion stimulus. (See above chart from that report.) If Congress passed the plan, the report forecasted, the economy would generate enough additional demand, output, and employment that two big things would happen:
First, the unemployment rate would never reach 8%. Unfortunately, we hit 10% unemployment in October 2009. Failure number one.
Second, the unemployment rate would return to its long-term “natural rate” of 5% by July 2013 (a jobless rate, it should be noted, above the low points of the Bush and Clinton presidencies). Labor markets would be back to peak health. The Great Recession would truly and finally be over.

 Mission accomplished by this jobless report.
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