Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.
April 8 is "Equal Pay Day," an annual event to raise awareness regarding the so-called gender wage gap. As President Obama said in the State of the Union address, women "still make 77 cents for every dollar a man earns," a claim echoed by the National Committee on Pay Equity, the American Association of University Women and other progressive groups.
Progressives are practically united in supporting an increase in the national minimum wage. The only disagreement is by how much: President Obama proposes raising the national minimum wage by almost 40% over the next few years to $10.10 per hour and indexing it to inflation thereafter.
It's time — indeed way past time — for Congress to repeal a century-old shipping law known as the Jones Act, a protectionist policy adopted during Woodrow Wilson's administration that has no place in today's modern global economy.
At a time when many people have put off buying a new car until the economy improves, the last thing we need is a stringent government regulation on fuel efficiency that will raise the cost of vehicles and make matters even more difficult for consumers.
Oil companies are increasingly leasing trains to bring the crude from remote areas where it's being produced to the markets where it's needed. But several derailments involving oil-tank cars in the US and Canada over the past year have raised questions about whether rail shipments of oil are safe. Considering the thousands of oil shipments by rail, the accident rate is vanishingly small.
Think the days of coal plants in Michigan are numbered? Not so fast. Notwithstanding challenges from environmental groups, our nation’s success with innovative technologies for increasing the efficiency of new power plants will keep coal in the energy mix for decades to come.
Should America's new growing dependence on natural gas for electricity production be a cause for concern?Despite America's abundance of natural gas from shale production, some parts of the country have already had warnings that over-dependence on gas for electricity generation exposes consumers to soaring prices for electricity.