The Atlanta Fed’s GDPNow tracker downgraded its forecast for Q3 GDP growth again: it has now dropped from 6 percent at the end of July to 1.3 percent now. Then came the…
Inflation is all the rage right now — and for good reason. For the past couple of months, Americans have been paying more for everyday goods and services, and according…
In a press conference on Wednesday, President Joe Biden threatened to call out businesses in the private sector if they do not address the supply chain issues facing our nation.…
At the beginning of 2021, Congress passed a $1.9 trillion stimulus package –– namely the American Rescue Plan Act –– which, among other things, expanded the maximum Child Tax Credit (CTC)…
Economic growth WCCO: Business Confidence In Economy Plummets, Midwest Report Says WCCO: Smaller Products, Rising Prices: Shrinkflation Hitting Grocery Store Shelves Star Tribune: Duluth tourism rebound ‘the recovery year we…
When I started studying for my economics degree in 2007, people’s eyes would glaze over when I told them what I studied. By the time I started my second year…
Minnesota’s craft brewers have been an economic success story over the last decade. Brewer’s Association data shows 35 craft breweries operating statewide in 2011: in 2020, that number was up to 217,…
Advocates of occupational licensing claim that it is necessary to improve quality. However, this argument for licensing has proven largely untrue. According to research evidence, licensing has very little effect…
State and local taxes and spending Minnesota Reformer: Wave of workers’ comp claims, settlements worsen Minneapolis budget outlook Stillwater Gazette: Minnesota’s Main Street COVID relief grant application open Austin Daily…
Exactly a month from today, residents of St. Paul will vote on whether to allow the city council to enact a rent control measure that caps rent increases at three…
It might come as a shock to many of you, but, abroad, the common image of the United States is of an unregulated, capitalistic, free market utopia where taxes are…
White House spokesperson Jen Psaki drew a lot of criticism this week when she said that it would be “unfair and absurd” for companies to increase costs for consumers in…
The National Association for the Education of Young Children (NAEYC), in their survey conducted between June 15 and July 5, reported that 81% of respondents say it is the same…
Proponents of rent control often claim that greedy corporate landlords hold so much market power that they can raise rents excessively. Therefore, enacting rent control is one way to ensure…
Minnesota’s entrepreneurs are getting creative in the face of the state’s ‘labor shortage.’ WCCO reports: The workforce shortage continues to be one of the biggest challenges facing the hospitality industry.…
Labor market Pine Journal: Twin Ports area leads Minnesota with highest annual job growth rate Marshall Radio: MN Adds Jobs In August, Unemployment Drops Hometown Focus: Job growth continues in…
After years of rent control and billions poured into affordable housing, California lawmakers are finally realizing that the only way to make housing affordable is to build more homes. On…
The Fight for 15 Wages were up last month, but owing to inflation, they’ll buy less. In real terms, people are worse off. Last week, Noah Smith wrote for Bloomberg:…
One of the questions of economics teaches you to ask is ‘compared to what?’ Someone might tell you that a job paying $10 an hour is bad, but any reasonable…
Shortage of housing is one of the biggest issues facing most metros. But according to the Star Tribune, the Twin Cities have it worse than all regions in the nation.…
Economic development Hometown Focus: Business, infrastructure, and trail projects receive economic development funding Minn Post: The Iron Range may soon be home to one of the largest solar panel manufacturing…
According to data from the Minnesota Department of Employment and Economic Development (DEED), Minnesota’s unemployment rate is down to 3.8 percent. This is the country’s 12th-lowest unemployment rate, and 1.4…
This week is National Small Business Week. And to celebrate small businesses, the Minnesota Department of Employment and Economic Development (DEED) has planned several events. From September 13 – 15th of…
The Center for Urban and Regional Affairs (CURA) published a study in February this year estimating how Rent Stabilization (RS) — a form of rent control that allows landlords to raise…