Barack Obama now says unemployment will never fall like he promised in 2009.
Tag Archives: Unemployment
Solving the Right Spending Problem
Afghanistan: Why Prosperity Hinges on Mackinder’s Fulcrum
Taliban fighters from their Haqqani network. (Photo/The Guardian)
“Where we have to deal with these folks is going to be in Afghanistan.” — Barack Obama
How Minimum Wage Leads to Unemployment
Elementary economics considers the relationship between supply and demand.
But it can’t be what Barack Obama considers when pandering to the masses with his recommendation that Congress mandate a higher minimum wage.
For example, the above-left figure shows a hypothetical free market at equilibrium: a quantity of 7 employees are demanded and supplied to employers for a price of $30 each.
