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Minnesota’s ‘labor shortage’ offers the opportunity for higher wages

The economy we should want for Minnesota should be one of high investment driving rising wages. It is the economic model Germany had so much success with in the post-war decades. The state's supposed 'labor shortage' should not be cause for panic and the pursuit of a labor intensive, low investment, low wage economy. Instead, it represents an opportunity to be grasped for a better economic future. ...

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The United States is Now the Largest Global Crude Oil Producer

The federal government estimates the United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer.  In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the United States surpassed Russia in crude oil production for the first time since February 1999. Ten short years after all the so-called "smart money" was on Peak Oil Theory, which posited the world was running out of oil and global chaos would ensue as countries were plunged into economic turmoil and conflict as we waged war...

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Gold Exploration Expands in Northern Minnesota

One of the world's biggest gold mining companies will likely soon be expanding its exploration efforts for the precious metal in northern Minnesota.  The Minnesota Department of Natural Resources posted the South African-based company's proposal on the agency's website.   AngloGold Ashanti Minnesota (AGAM) proposes to explore for metallic mineral deposits by drilling this fall and winter.  AGAM plans to drill exploratory borings at 26 sites in northeastern Itasca County, MN.  The exploration areas are about 7 miles west and about 4 miles south of Togo, Minnesota.  AGAM submitted an Exploration Plan to the DNR for review on September 7, 2018. AGAM will...

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St. Paul: Think Before You Act on Minimum Wage

On Wednesday evening, St. Paul city leaders came to a wider consensus of their plans to raise the city's minimum wage to $15 an hour. Earlier last week, Citizens League sponsored by the St. Paul Foundation released a 446-page report confirming the minimum wage increase, having it indexed to inflation, and expected to be phased in over the next four to seven years....

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If tourism is an alternative source of prosperity for northern Minnesota, why isn’t it already?

When you make the argument for mining in Minnesota, a common response is that it would threaten the region's booming tourism industry. Mining jobs aren't needed, so the argument goes, because their are jobs in tourism instead. The trouble is that when you look at the data, you struggle to see this 'boom'. Low paid, seasonal employment such as this has not and in all likelihood will not provide the prosperity that our fellow Minnesotans in the north of the state both need and deserve.  ...

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Clean Energy Businesses Advocates Make the Case for More Green Energy Handouts

Special interest groups for the wind and solar industry, in addition to companies like Mortenson Construction have begun pounding the table this election cycle, holding a news conference yesterday the next governor of Minnesota to adapt several policies that will “take advantage of the economic development potential provided by advanced energy technologies and services.” Of course, what this really means is they want more subsidies and more renewable energy mandates that give wind and solar companies a monopoly on your checkbook. ...

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