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Seattle’s Restaurants Not Collapsing Due to Rising Minimum Wage. In Fact, They’re Thriving.

by Raul Hernandez | May 30, 2016 | Personal Income

by Raul Hernandez When Seattle lawmakers committed to gradually raising the minimum wage to $15 per hour, Chase Gunther worried that his job prospects would suffer. Working as a line cook in a Seattle restaurant, Gunther was hesitant at the idea that other restaurant...

2016 Outlook Dims After February’s Spending Report Release

by Raul Hernandez | Mar 30, 2016 | Personal Income

by Raul Hernandez The once positive economic outlook for 2016 took a hit as American consumers opted to save more and spend cautiously in February. Personal incomes rose 0.2% during the month, according to Monday’s release by the U.S. Commerce Department, but those...

Wind Jobs Outlook Strong After Congress Approves Tax Credit Extension

by Raul Hernandez | Mar 21, 2016 | Employment

by Raul Hernandez Wind energy is poised to produce hundreds of thousands of jobs over the coming decades now that Congress has passed a multi-year tax credit aimed at spurring investment. The wind energy industry is projected to hit 380,000 jobs, over five times the...

U.S. Consumer Income and Spending Rise in January

by Raul Hernandez | Feb 29, 2016 | Personal Income

by Raul Hernandez Driven by strong January wage gains, American consumers increased their spending in a sign that consumer confidence is on the rise. Personal incomes rose 0.5 percent during the month, according to the U.S. Department of Commerce, with more than half...

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About Us

Welcome to Dismal Science, a site covering the economy produced by young journalists in New York City. Email the editor Greg David at gregdavid49@gmail.com.

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