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Detroit and San Bernardino and Stockton, Calif. are in bankruptcy, and across the country the costs of maintaining pensions for city and state employees more than doubled to nearly $84 billion in 2011 from 2002.
With his pen he will sign executive orders, including one that requires all workers on new federal government contracts to be paid at least $10.10 per hour — a nearly 40 percent increase above the current federal minimum wage, and a bad idea.
For October's report, we also spoke with the American Enterprise Institute's Michael Strain. As Congress debates the extension of unemployment benefits, Strain has been one of the conservatives voices urging them to renew benefits.
We shouldn’t let emergency federal benefits expire because the same fundamental logic that led to their being (correctly) enacted still holds today: The labor market is still in bad shape, the economy is still weak, there are three times as many unemployed workers as job openings.
Currently we're at about 4 million people who are long-term unemployed. That's about 1 million more than the high in the previous recession, back in the 1980s. And we were up to 6.5 million during the Great Recession at its peak.
Join us at AEI as the Right Honorable Liam Fox sits down with Marc Thiessen to discuss and debate whether America’s intelligence agencies have infringed on the personal privacy of US citizens.
How can young people succeed in workplaces dominated by curmudgeons who are judging their every move? At this AEI book event, bestselling author and social scientist Charles Murray will offer indispensable advice for navigating the workplace, getting ahead, and living a fulfilling life.