The real value of a $15 minimum wage depends on where you live
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
Numbers, Facts and Trends Shaping Your World
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
The Trump administration’s plans to impose $50 billion in tariffs on Chinese imports, as well as tariffs recently placed on imported steel and aluminum and on imports of solar panels and washing machines, mark a distinct break from decades of U.S. trade policy, which long has generally favored lower tariffs and fewer restrictions on the movement of goods and services across international borders.
The highest U.S. tariffs aren’t on imports from its biggest trading partners, but on products from several developing South Asian nations whose exports are heavily weighted toward clothing, footwear and other products that the U.S. generally taxes highly.
Average tariff rates, while useful for comparison, can obscure the wide range of rates imposed on different classes of imports and on specific products.
Many Europeans, Japanese and Americans feel better today about their nations’ economies than they did before the financial crisis, according to a new global survey by Pew Research Center. But those public sentiments aren’t always aligned with a nation’s actual economic performance.
Public debt has increased sharply in many countries in recent years, particularly during and after the Great Recession.
While the idea of raising the minimum wage is broadly popular, efforts to do so at the national level have stalled. We gathered key facts looking at the issue.
Though crude oil continues to be the nation’s single biggest import, energy exports have risen sharply. Exports of some metals and agricultural products also have grown rapidly.
One of the biggest and most difficult items on President Obama’s Asia agenda has been trade — in particular, unsnarling negotiations for the proposed Trans-Pacific Partnership (TPP) free-trade agreement. The TPP would remove trade barriers among 12 nations on both sides of the Pacific that together account for about 40% of the global economy. But as might be expected, the […]
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