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‘No Tax on Tips’ Brings Relief to Service Workers, But Economists Warn of the Hidden Costs

‘No Tax on Tips’ Brings Relief to Service Workers, But Economists Warn of the Hidden Costs

by Stephanie Hong | May 20, 2026 | Economy, Featured

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.

No Tax on Tips Meant Bigger Refunds, Then Came Higher Gas Prices.

by Irene Milanez | May 19, 2026 | Economy, Featured

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

Warehouse Automation is Costly Solution to Labor Shortages

by Ashley Mowreader | May 14, 2026 | Economy, Featured, Jobs, Newest

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

Job Market Remains Steady, Yet Slow, in April

by Ashley Mowreader | May 14, 2026 | Economy, Featured, Jobs, Newest

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

April Jobs Report Shows Resiliency in the Labor Market with 115,000 Jobs Added

by Irene Milanez | May 12, 2026 | Economy, Featured, Jobs

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

U.S. Manufacturing Growth Driven by War-Related Uncertainties

by Ashley Mowreader | May 1, 2026 | Economy, Featured, Manufacturing, Newest

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...
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  • Why Gen Z Still Chooses Festivals in an Uncertain EconomyMay 22, 2026
  • ‘No Tax on Tips’ Brings Relief to Service Workers, But Economists Warn of the Hidden CostsMay 20, 2026

Welcome to Issue Number One

Welcome to Issue Number One, a site covering the economy produced by young journalists in New York City. Email the editor Greg David at gregdavid49@gmail.com.

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