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Economy

 

What the Tax-Free Weekend Can Teach Us

Did you venture out to purchase school supplies for your aspiring young scholar during our state’s tax-free weekend? Or, perhaps your child’s school days have long passed and you simply wanted to acquire a new computer without incurring a sales tax. Either way, North Carolina recently held its annual sales…

 

Why We Should Eliminate the Minimum Wage

The growth of teenage unemployment has ominous implications for the future — but there is a solution, if we are willing to face economic reality. According to a host of sources, joblessness among young people is growing. For example, the Christian Science Monitor said that the unemployment rate for African-Americans…

 

Raleigh Businessman Gives the President A Sign

The founder of the iconic lunch haven Snoopy’s in Raleigh was so infuriated by President Obama saying he hadn’t built the business by himself he put up a sign to answer the President. Watch the video here...

 

NC Needs a Reality Check

If you check out Forbes Magazine’s List of the Best Places for Business and Careers, you will find a slideshow of silver skyscrapers hailing the prosperity of Raleigh and other North Carolina metro areas – but failing to show economic reality elsewhere in the Tar Heel State. The magazine touts…

 

Debt Crisis Hits Home

Picture this: a family of four is sitting down at the dinner table enjoying a delicious meal together. Mom asks, “How was school?” A child asks, “What did you do at work today, Dad?” The hungry teenager hastily requests, “Would you pass the potatoes, please?” The family seems happy; all…

 

UNC Center Focuses on Partisanship, not Poverty

An organization founded by ex-Sen. John Edwards was meant to fight poverty, but many clues suggest it instead focuses more on fighting partisan battles– and avoiding scrutiny by North Carolina taxpayers. The Center on Work, Poverty, and Opportunity at the UNC School of Law was founded in 2005 as a…

 

How to Get NC’s Economy On Track

This article originally appeared in the Charlotte Business Journal. North Carolina can improve its dismal 9.4% unemployment rate – currently fourth worst in the nation. To understand what that takes, however, requires an understanding of what makes a state’s economy thrive relative to those of other states. States that thrive…

 

When is a job not really a ‘created’ one?

This article first appeared in the Fayetteville Observer on June 21. It’s easy to understand why Jane would be so excited about the new economic development project in her town. She is unemployed. Luckily, Jane’s husband still has his job, but his income is not enough to support them and…

 

Lawmakers Eye Tougher Penalties for Unemployment Fraud

(RALEIGH) – Some state legislators point to a case in Scotland County that cost a businessman thousands of dollars and affected his firm’s unemployment credit rating as a prime example of why the penalty for unemployment fraud should be increased from a misdemeanor to a felony. In 2011 Gerri Clark,…

 

Held back by Red Tape 3: Policy Options for North Carolina

How can we modify licensing in North Carolina? While it is doubtful that North Carolina will do away with occupational licensing in its entirety, common-sense reforms can alleviate many of the burdens that licensing places on our economy: 1) Eliminate occupational privilege licensing. Occupational privilege licensing serves no regulatory purpose.…

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