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Understanding the Unemployment Numbers
Once a month the Bureau of Labor Statistics (BLS) publishes a report on the state of unemployment in the United States. The major news organizations scan through the report highlights looking for “the unemployment rate” so that they can announce it to their loyal audiences. The number which the BLS promotes as “official” unemployment rate…

10 Steps to Fix the US Budget
2. End USDA Subsidies The Department of Agriculture offers a wide range of agricultural subsidies for farmers and exercises regulation over agricultural markets. It offers over 240 subsidy programs. The current subsidies have an adverse effects on markets and also encouraged environmentally harmful practices. The corn subsidies, for example, not only cause an artificially low…

Welcome to Part-Time America!
The US government works very hard… at making themselves look good. One of the ways they do this is to represent truly horrifying data in the best possible light. The number which seems to be manipulated more than any other number is the “official” unemployment rate — the headline rate which the government touts in…

The Unintended Consequences of Higher Wages for Fast Food Workers
The Service Employees International Union (SEIU) is engaged in a major campaign to increase membership by unionizing the employees of “fast food” restaurants. As part of this effort, it is providing staff, training, and funding for activists who are promoting an increase of the Federal Minimum Wage by either 50% or 100%. This increase would…

Are Illegal Immigrants Hurting the US Economy? 3 Facts that may Surprise You
Economic Effect It is often mistakenly believed that US unemployment and illegal immigrant employment are linked. They are not. Most US citizens simply don’t compete for the same jobs. Amazingly, estimates approximate between 53-70% of US agricultural workers are illegal immigrants. If they were to be sent home the effect on the US economy would…

15 Financial Tips before Becoming an Expat
2. Have Sufficient Money Tucked away in Savings Expats from all countries who have made living abroad a success have typically had sufficient money saved away to deal with uncertainty or unemployment. The total to ensure success varies based on the country, and individual living abroad’s demographics; however, a good rule of thumb is to…