It took one of the worst flu seasons on record to get more Americans guzzling orange juice again. Orange juice sales rose 0.9% in the four weeks ended Jan. 20, marking the first year-over-year increase in nearly five years.
Does minimum wage really cost jobs? Dube’s paper is more in line with conventional economic thinking: On average, minimum-wage increases eliminated jobs paying below the new minimum but added jobs paying at or above the new minimum.
Residents are paying more for everything from parking tickets and 911 calls to sewer service and trash pickup as cash-strapped American cities struggle to pay for mounting pension obligations, cover costly infrastructure improvements and replace revenue depleted by the last recession.
The apparel industry has a big problem. At a time when the economy is growing, unemployment is low, wages are rebounding and consumers are eager to buy, Americans are spending less and less on clothing.