Lower oil prices

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent started moving below $100 and now stands at $90 a barrel, and the spread over U.S. domestic crude has narrowed. Here I take a look at some of the factors behind these developments.

Continue reading

Did States that Raised the Minimum Wage Have Faster or Slower Employment Growth?

The answer is faster…so contra the arguments of the Wisconsin Restaurant Association, and Wisconsin Manufacturers Association, it seems unlikely that there are large negative employment impacts from minimum wage increases. Oh, also contra Sabia for the Employment Policies Institute (who has still not responded to my repeated requests for his data, after six months).

Continue reading