This article was originally published by Conner McEleney at The Mises Institute.  Many progressives, such as Robert Reich and Kyle Kulinski, argue that the economy needs a universal basic income (UBI) to fix it. Their argument stems from the idea that UBI has no serious...

This will be a somewhat complicated morning – so let’s “chunk it”.ECI FirstLet’s begin with the “employment cost index” which has just been released.The Pitch:  ECI is a solid, low-noise gauge of employer labor costs (wages + benefits, composition-adjusted) useful for tracking wage inflation...