International trade is always a contentious issue and one that is often not well understood. Some see the current structure as heavily biased toward particular multinational corporations and institutionalizing global inequality. Some others see it as a job destroyer in local communities and therefore something that cannot be good. People wonder, is the WTO a good thing? Is NAFTA good for the United States? What about for Mexican workers who have yet to see any significant wag
The jobs report for January has been released by the Bureau of Labor Statistics and the labor market continues to reflect the ongoing economic boom as we begin 2018. Unemployment rate held steady at 4.1% while 200,000 jobs were added to the economy.
Another important statistic showed a historic rise - wage growth accelerated to its fastest year on year pace since June 2009. This is good news and lends credence to the narrative of the US economy operating at full employment
Did you say "trickle down economics"? Scratch that... it looks like a waterfall. Apple plans to take advantage of the incentive in the Tax Reform law by paying the 15.5% one time tax on repatriated foreign profits, a tax of about $38 billion. Apple also in tandem plans to increase investment in the US by about $30 billion. According to a Reuter's news report, when asked whether the job creation announcements were directly related to the Republican tax plan, Apple CEO Tim Cook