Moody's Warns of Economic Challenges for France After Election Stalemate
Moody's has raised concerns about France's economic outlook following legislative elections that resulted in a hung parliament. The New Popular Front (NFP) won the highest number of seats, followed by President Macron's Ensemble party and the far-right National Rally. The lack of an absolute majority could lead to political gridlock and may complicate efforts to manage the nation's debt. France's budget deficit and public spending are other critical points highlighted by the credit rating agency.
The Hidden Costs of Mandating Minimum Wage: A Comprehensive Analysis
Minimum wage laws, while intended to help workers, can have unintended negative consequences. Azu Ishiekwene argues that these laws can harm low-skilled workers, reduce job opportunities, and lead to higher prices. Alternative solutions like Earned Income Tax Credits and conditional cash transfers may offer better outcomes without the drawbacks of minimum wage mandates.