Tag Archives: Macroeconomics

Los Angeles Approves $15 Minimum Wage Increase by 2020

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The LA City Council has voted to increase the minimum wage. Currently the employees in LA are earning $9 an hour. The labor community wants an increase in the minimum wage and now it will surely pass...

McDonald’s will raise Pay for US Employees on 1st July

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McDonald’s Corporation has decided to raise the wages of its employees by more than 10%. However this raise is only for the U.S restaurants and not the franchises. This comes due to the rising wage...

The Euro Slides As American Dollar Strengthens

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Currently, the European Central Bank seems to be a bit of a crisis. The Euro is plummeting to all-time lows as the American dollar gains strength--a reversal of the 2008 housing crisis in the United...

U.S. private sector creates 230,000 jobs in October

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The private sector in the US has contributed about 230,000 jobs in the month of October and this number has gone up to the most since June and has even surpassed the expectations of the economists....

Minimum Wage Hike Shunted by Republicans

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A vote was conducted regarding whether the minimum wages should be increased from $7.25 to $10.10 per hourly basis. The senate was locked on this moot point. The fact is that it may be a ploy by...

Michigan Minimum Wage Increase is a Part of Obama’s Agenda

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In spite of the obstructionist actions of the Republicans, who cannot agree on anything with the opposing Democrats, the United States is moving towards greater progressiveness. The president...

Michigan Minimum Wage Increase is a Part of Obama’s Agenda

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In spite of the obstructionist actions of the Republicans, who cannot agree on anything with the opposing Democrats, the United States is moving towards greater progressiveness. The president...

Buried $10 Million In Gold Wasn’t Stolen After All—Until Taxes, That Is

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The story of an older couple walking their dog who discovered a buried cache of $10M in gold coins made you feel good. But shortly after the story broke, some claimed the coins were stolen. Turns out...

Gap Hourly Wage Rate Increased

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Gap, the owner of Banana Republic and Old Navy, has announced that it will increase its hourly wage rate to $9. And next year this will reach the $10 level. The head of the company explained this...