How to evaluate the economic record of Barack Obama? To even begin answering, it’s necessary to go beyond just counting the number of jobs created during his presidency (10 million) or calculating the average growth rate (1.5%) or even looking at something more wonky like the labor force participation rate.
The glowing claims about minimum wage laws don’t pass the most basic economic smell tests. Just look at the data from Europe.
U.S. policymakers cannot base their estimates of how refugees will impact the labor market on the situation in Germany. Labor market institutions in the United States are better equipped to handle an influx of new workers.