Wkubbt

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Date registered: August 8, 2011

Latest posts

  1. Kentucky Tax Reform — June 7, 2017
  2. Where have Kentucky’s Workers Gone? — March 3, 2016
  3. The Macro Economy, Education, and Race in Employment — August 12, 2015
  4. Kentucky’s Labor Market Ranks 49th — July 31, 2015
  5. Youth Employment and The Last 30 Years of the Minimum Wage in the United States — August 15, 2014

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Jun
07

Kentucky Tax Reform

Kentucky Governor Matt Bevin announced that he will wait until after August 15th to call a special session of the Kentucky Legislature to consider tax reform.  The governor stated that he does not have a fixed position on what that reform must entail.  In that light, it would be helpful to compare Kentucky’s current tax …

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Permanent link to this article: http://new.wkubbtcenter.com/2017/06/07/kentucky-tax-reform/

Mar
03

Where have Kentucky’s Workers Gone?

Nationally, the percentage of adults with a job has fallen from 63.3% in January 2007 to 59.6% in January 2016.  This phenomenon has largely been explained by three factors.  Students are going to school longer (without working their way through school). More people are retiring even as life expectancies are increasing.  Finally, more people are …

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Permanent link to this article: http://new.wkubbtcenter.com/2016/03/03/where-have-kentucky%e2%80%99s-workers-gone/

Aug
12

The Macro Economy, Education, and Race in Employment

Which racial group in the US has the highest employment rate for 16-24 year olds with a college degree (recent college graduates)?  Which racial group in the US has the lowest employment rate for people aged 25 and over with a college degree?  The answers may surprise you. In her August 7th 2015 article on …

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Permanent link to this article: http://new.wkubbtcenter.com/2015/08/12/the-macro-economy-education-and-race-in-employment/

Jul
31

Kentucky’s Labor Market Ranks 49th

A recent CNBC report found that Kentucky was the 36th most business friendly state in the US.  Looking behind the numbers we find that they ranked Kentucky’s labor market second worst in the country.  The health of a labor market in their study is a reflection of the education level of the work force, the …

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Permanent link to this article: http://new.wkubbtcenter.com/2015/07/31/kentucky%e2%80%99s-labor-market-ranks-49th/

Aug
15

Youth Employment and The Last 30 Years of the Minimum Wage in the United States

The below chart illustrates the impact of minimum wage changes on the youth (aged 16-19) employment rates in the US over the last thirty years. The red line represents the real minimum wage from 1983-2012 (in 2012 $ x 7 for scale purposes) as provided by the US Department of Labor.  The blue line represents …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/08/15/youth-employment-and-the-last-30-years-of-the-minimum-wage-in-the-united-states/

Jul
21

Should We Transfer Money from the Top 1%?

Are you ready to forcibly redistribute income from the top 1% of income earners to the other less fortunate 99%?  Don’t answer too quickly.  An income of just $32,400 places you in the top 1% of the world’s population.  For $32,400 a year you can be richer than seven billion other people. World’s Top      Income …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/07/21/should-we-transfer-money-from-the-top-1/

Jun
20

The Lack of Slavery May Be Hurting Economic Growth; Or, How to Miss the Forest of Human Flourishing for the Trees of GDP Growth.

On June 13th, Tyler Cowen published a piece in the New York Times entitled, “The Lack of Major Wars May Be Hurting Economic Growth”.   In it, Tyler suggests that “the very possibility of war focusses the attention of governments on getting some basic decisions right – whether investing in science or simply liberalizing the economy.  …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/06/20/the-lack-of-slavery-may-be-hurting-economic-growth-or-how-to-miss-the-forest-of-human-flourishing-for-the-trees-of-gdp-growth/

May
02

The Rest of the Story: Employment Recovery?

The Bureau of Labor Statistics released the April Jobs numbers today.  The AP reported the following as their big story: US Gains 288K Jobs, Most in 2 Years; Rate 6.3%.  The unemployment rate fell in one month from 6.7% to 6.3%.  That sounds great, but in honor of the late Paul Harvey, “and now, the …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/05/02/the-rest-of-the-story-employment-recovery/

Apr
30

Give, Share, and Take are not Synonyms

A major cornerstone of the US rule of law comes from the definition and enforcement of property rights.  Long before the nation’s founding, private property had been recognized under British common law. The British did not invent private property either, as the concept goes back as long as recorded history.   Once private property was recognized, …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/04/30/give-share-and-take-are-not-synonyms/

Feb
19

Kentucky’s Budget and Tax “Reform”

Kentucky’s taxing, spending, and borrowing policies are haphazard at best.  At worst, they are working to impoverish average Kentuckians.  In 2012, the poverty rate in Kentucky was 18.6%, well above the national average of 14.9%.  A big reason why Kentucky’s poverty rate is so high is that Kentucky’s employment rate currently ranks 39th among US …

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Permanent link to this article: http://new.wkubbtcenter.com/2014/02/19/kentuckys-budget-and-tax-reform/

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