Gasoline Price and Minimum Wage Increases in the Scheme of Job Creation and Economic Growth

It has been approximately five years since we got out of the Great Recession. What have we observed in the economy since? We have seen a very slow pace of economic recovery as job creation has been lackluster and unemployment rate has been slow to fall. What is puzzling is that this is happening in midst of one of the most aggressive expansionary monetary policies in the nation's history, the expenditure of $85 billion monthly to purchase government securities. The supply-side economic endeavor ...