Ugh

Curious what my fellow Massholes think about the new minimum wage law, specifically the part that says businesses no longer have to pay time-and-a-half for Sundays and holidays. Is everyone just going to stop working those days, or do you think some businesses will continue to offer the extra money to incentivize people to take those shifts?

I thought you were from Montana. Did I dream that up?

WASHINGTON (Reuters) - The Trump administration on Tuesday will announce an aid package for U.S. farmers to protect them from the fallout of trade battles between the United States and other countries, a source familiar with the plan said.

...the administration was expected to announce billions of dollars in aid, and the Washington Post reported that the plan was to provide $12 billion in support.

Because not all interactions between business and government are based on the profit motive. Some people are really supporters of pro-choice orgs or green energy solutions totally independent of their own profit.

https://www.reuters.com/article/us-usa-trade-farmers/trump-to-give-farmers-billions-in-aid-politico-idUSKBN1KE1YE


Amateur hour.

Hey let's ourselves


Hey let's ourselves again to reverse the original ing ok

There are winners and losers in every trade war. But if we compensate the losers by taxing the winners, we can ensure that everyone loses.

Can someone with more understanding of all this please help me understand what today's number means (big picture)?

Nice quarter of growth, but one side is painting it as historic and a fulfilled campaign promise, while the other side is complaining about a misspelled word and yet another case of deliberately erasing Obama's achievements.

Can someone with more understanding of all this please help me understand what today's number means (big picture)?

What it means politically? Or what it means for health of the economy?

when should we tell them?

I think a typical mainstream economist would say that the economy is growing and wages should edge up. Don't be surprised if that 4.1% number ends up being revised multiple times. Today's number is a first draft and often subject to revision, but obviously it's a higher number than we've seen very often lately. Labor markets appear to be pretty tight. Unemployment is probably lower than is sustainable in the long run.

It would seem to provide more proof of how ill-timed December's tax cut was. We almost certainly didn't need budget-busting expansionary policies at a time when unemployment was already so low. Inflationary pressures will probably continue to pick up. The Fed will likely be more comfortable continuing to raise interest rates. I haven't looked at anything in the last day or two, but it still looks like we may see an inverted yield curve, which is often a precursor to a recession. But after a decade of the Fed manipulating short and long term interest rates, it's hard to say whether the yield curve is still a legitimate predictor of a recession. (If the Fed is more afraid of a recession than unemployment they may remain hesitant to increase interest rates.)

Idk if this what what you were looking for. I'm curious what thodoks thinks about the current fundamentals of the economy.

be the bearer of bad news, veil lifter

What it means politically? Or what it means for health of the economy?

All I know is that this is the kind of economic performance that gets politicians re-elected.

The report itself credits a lot of the change to an international trade binge ahead of tariffs. Next quarter may pay for this one’s bump.


I’m skeptical that this will help much. 2002 was a shit economy but a terrorism-centered election. Result: big incumbent party victories. 2014 had even better economic numbers than this, but a public mostly fixated on other things. Result: major incumbent party losses. This is another year where non-economic topics seem likely to be insurmountably noisier and forefront.

Also, historically the economy ranked first on voter’s polled topics. Health care replaced that, and has stayed at the top, for over a year now. Meanwhile, a lot of industries (including farmers) are sweating losses due to tariffs that a GDP figure doesn’t do anything to alleviate.