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Jeb Bush Fact Check: Is Declining Worker Productivity to Blame for America’s Economic Rut?

Jeb Bush said it July 8 in an interview with the New Hampshire Union Leader:

New Hampshire Union Leader: Anything specific?

Jeb Bush: “We’re working on a strategy to, that’s kind of under, let’s say, my aspiration for the country, and I believe we can achieve it, is 4% growth as far as the […]

While Congress Did Nothing, Minimum Wage Fell Another 3 Cents in May 2014

When the U.S. Congress does nothing about the minimum wage, it cuts the minimum wage.

That statement may seem paradoxical, but it isn’t if you keep in mind the difference between nominal wages and real wages. The word “nominal” is just an adjective used to mean “the name of something,” and so a “nominal dollar” […]