In addition to putting a cap on retirement accounts, President Obama’s budget proposal includes a possible transition to the so-called “chained CPI” for inflation adjustments. This includes things like cost-of-living increases for Social Security recipients as well as various tax provisions that are indexed to inflation. But what exactly is […]

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Predicting I-Bond Interest Rates

by Michael on Apr 15, 2013

It’s no secret that I’m a big fan of Series I Savings Bonds. Each year, my wife and I each max out our annual I-Bond limits. Not only that, but we jump through hoops to get even more with our tax refund. It should thus come as no surprise that […]

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Who Works for Minimum Wage?

by Michael on Mar 4, 2013 · 1 comment

Ever wonder who works for minimum wage? Well, wonder no moreā€¦ The Bureau of Labor Statistics has released data summarizing the characteristics of minimum wage workers. This is particularly timely given the current debate over raising the minimum wage. In 2012, there were 75.3 million workers aged 16 or above […]

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Education and Unemployment

by Michael on Jan 7, 2013 · 1 comment

While reading the latest unemployment report from the Bureau of Labor Statistics (BLS), I was struck by the apparent relationship between education and unemployment rates. At tail end of 2012, the overall unemployment rate stood at 7.8%, but it actually varied quite widely across educational levels. What follows are the […]

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History of the Federal Minimum Wage

by Michael on Sep 17, 2012 · 2 comments

In talking about how much substitute teachers make, I noted that the daily pay rate (at least around here), when expressed in hourly terms, is flirting with the current minimum wage rate of $7.25/hour. This got me to thinking about how the minimum wage has changed over time. With that […]

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The Economic Impact of Fantasy Football

by Michael on Sep 9, 2012 · 1 comment

In honor of today being the first Sunday of the NFL season I thought I’d highlight some interesting numbers on the economic impact of fantasy football in the workplace. Sure, the season technically kicked off Wednesday when the Cowboys beat the Giants, but today is when it really gets rolling. […]

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