Happy Monday folks,
Bad news for the US economy, as Kathleen M. Howley of Bloomberg recently reported that the “U.S. housing recovery is faltering.”
A core reason for the stumble, according to Howley, is wage stagnation in the US. “The median U.S. household income rose less than 1 percent in 2013,” noted Howley.
Hardworking Americans are not getting enough bang for their buck in the Obama economy (prices are going up, while good jobs are hard to come by). Instead of focusing on economic growth for all, President Obama and his liberal allies like Senate Majority Leader Reid and House Minority Leader Pelosi have zeroed-in on pet projects.
American women acknowledge that policies designed for wide-spread economic growth are more productive than focusing on issues like the minimum wage. According to YG Network’s recent nationwide survey of 800 women, respondents by a wide margin recognize that hiking the minimum wage will have negative externalities.
For example, 43 percent of respondents said that raising the minimum wage to $10 an hour will raise “prices on goods and services,” and 39 percent said “small businesses will suffer.” In contrast, only 22 percent said that some wages will increase, and 18 percent said all wages will increase.
As a result, it’s time for conservatives to lay the groundwork for genuine economic growth. Luckily, YG Network’s new book Room To Grow offers several commonsense solutions to address this.
One of the solutions, for example, is to offer “new tax credits for parents with children as a way to lift middle-class incomes,” according to The New York Times’ John Harwood.
Americans see an economy that is devoid of opportunity for better jobs, but still see prices for everyday goods going up. They deserve better than that, and smart conservative policies can help them get there.
Seize the day.