‘No Tax on Tips’ Brings Relief to Service Workers, But Economists Warn of the Hidden Costs
Kevin Boyle earns a base wage of $11.35 an hour as a bartender at Bedsta in New York City. Like most servers, he makes more on tips. On his 2025 tax return, Boyle was not satisfied with his tax refund amount at all. This year, however, his finances look much better...
No Tax on Tips Meant Bigger Refunds, Then Came Higher Gas Prices.
The figure on Lydia Grosswendt’s laptop ticked upward as she entered months of tips from brunch shifts, where she mixed Bloody Marys for customers as early as 9:30 in the morning. Grosswendt, a 24-year-old bartender at a Lower East Side Australian restaurant, was...
Warehouse Automation is Costly Solution to Labor Shortages
In remote Anchorage, finding quality workers can be a challenge. Industry is booming in the region, with new investments in oil, gas and the nation’s first graphite mine, which means jobs are plentiful, but laborers more scarce for other critical jobs, especially...
Job Market Remains Steady, Yet Slow, in April
The U.S. job market demonstrated resiliency in April, ducking macroeconomic pressures from the war in Iran and high gas prices while adding jobs in key sectors. The Bureau of Labor Statistics’ latest data, published Friday, showed the U.S. logged 115,000 new jobs this...
April Jobs Report Shows Resiliency in the Labor Market with 115,000 Jobs Added
U.S. job growth remained steady in April, with gains concentrated mainly in healthcare, offering a sign of a resilient, but cautious labor market amid the war in Iran. The Labor Department reported on Friday that employers had added 115,000 jobs last month, exceeding...
U.S. Manufacturing Growth Driven by War-Related Uncertainties
The manufacturing sector was boosted by geopolitical anxieties in April, as conflict in the Middle East raised supply orders, but higher costs and energy prices are dampening the sector’s future outlook. The Institute for Supply Chain Management’s (ISM) latest...
Five things to watch for in the March durable goods report
Ahead of tomorrow’s advance report from the U.S. Census Bureau, economists forecast positive growth in the orders and shipments of long-lasting manufactured goods. The manufacturing industry has proved surprisingly resilient to Trump’s tariffs as well as rising fuel...
New Case-Shiller Release May Bring False Hope Of Affordability: Here Are Five Things To Watch For.
After a tepid 2025, experts anticipate that the housing market will steadily improve in 2026, potentially easing affordability concerns and bringing new buyers off of the sidelines. The S&P CoreLogic Case-Shiller Home Price Index, an indicator measuring home...
For Maine’s lobster industry, Canada is a lifeline at risk
As tariffs reshape seafood processing, the state’s largest food export is in jeopardy. Curt Brown grew up lobstering in Cape Elizabeth, a scenic coastal town in southern Maine. When he wasn’t hauling traps at sea, he worked at a wharf in nearby Portland, where...
Vineyards Are Closing, But Not Everyone Is Losing
For Vito Ventracella, a 30-year-old Italian wine producer, the drink runs in his blood. He’s helped run Colli della Murgia, his family's 35-year-old organic winery, based in Southern Italy’s Puglia, ever since he could remember, but for the first time, the Ventracella...
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- ‘No Tax on Tips’ Brings Relief to Service Workers, But Economists Warn of the Hidden Costs
