Fox News latched onto a study of the first full year of budget sequestration, claiming that the report undermines warnings that across-the-board cuts would cost the economy hundreds of thousands of jobs. In fact, the federal workforce has been significantly reduced since sequestration went into effect and fiscal austerity continues to drag down job creation and economic growth in the private sector.
The Wall Street Journal published an error-riddled piece claiming that increasing the federal minimum wage would force more Americans to rely on social safety-net programs when in fact the exact opposite is true.
In a May 5 opinion piece, New York lawyer John H. Heyer argued the minimum wage is a "scam." He then claimed increasing wages will force businesses to lay off employees and, in turn, swell the ranks of federal social safety-net programs, which Heyer refers to as the government "dole." From the Journal:
So the minimum wage, like so many government programs, is really a scam that never gets busted. Isn't that how these programs grow? There are always a few vocal supporters of any program and a lot of silent victims who mostly don't even know what effect the programs have on the public at large and the economy as a whole.
Minimum-wage laws raise business costs and increase unemployment. But they also require bureaucrats--who make a lot more than minimum wage--to administer the dole and regulate wages. So what's not for politicians to like?
Opponents of livable wages frequently claim that the minimum wage drives up unemployment, often citing the Congressional Budget Office's (CBO) most recent report on proposals to increase the federal minimum wage. The CBO report does project that total employment could decrease by between "very slight[ly]" and 1 million by the end of 2016, but that conclusion flies in the face of the overwhelming majority of economic evidence.
A February 2013 study by the Center for Economic and Policy Research (CEPR) reviewed nearly a decade of research on the minimum wage and concluded that "the minimum wage has little or no discernible effect on the employment prospects of low-wage workers." The Economic Policy Institute (EPI) similarly reviewed the available literature on the minimum wage and concluded that "raising the federal minimum wage to $10.10 will not lead to job loss." Conservative media jumped on a March 2014 survey by Express Employment Professionals claiming that businesses would cut jobs due to an increased wage, but even that survey found that 62 percent of minimum wage employers and 81 percent of all employers would not lay off workers as a result of increased wages.
Heyer's claim that increasing the minimum wage hurts the job market is arguable, but the claim that higher wages drive up reliance on federal safety-net programs is demonstrably false. The same CBO report that estimated 500,000 lost jobs from a $10.10 minimum wage also concluded that such a wage would lift 900,000 Americans out of poverty while boosting incomes for Americans living in poverty by $5 billion annually.
Increasing the minimum wage would definitively decrease America's reliance on the so-called government "dole." According to a March 2014 study by the Center for American Progress (CAP), a $10.10 minimum wage would decrease food stamp participation by up to $4.6 billion annually. An October 2013 study by the UC Berkeley Labor Center concluded that low wages in the fast food industry alone -- whose media wage is substantially lower than $10.10 -- cost taxpayers nearly $7 billion annually.
Contrary to Heyer' s allegation, increasing the minimum wage would significantly decrease reliance on "the dole," and significantly decrease the cost to taxpayers who subsidize the poverty wages paid by thousands of businesses around the country. A Media Matters analysis of broadcast evening news found that programs on ABC, CBS, NBC, and PBS largely ignored the high cost of low wages. The latest screed in The Wall Street Journal is not just ignoring the high cost of low wages; it is distorting the relationship entirely.
As the United States Senate voted on a bill that would increase the federal minimum wage, Fox News dedicated 15 times more coverage to the latest "developments" in its on-going campaign to create a political scandal from the September 11, 2012 terrorist attacks in Benghazi, Libya.
Fox News often promotes myths about student loan debt in the United States, misinforming about everything from the lack of protections borrowers receive, to the unsubtantiated claim that student loans drive up college costs, to the myth that struggling borrowers are taking a government handout. As the two-year anniversary of student debt surpassing $1 trillion takes place this week, here is a sample of the network's past student loan misinformation.
Over the past year, broadcast evening news programs on ABC, CBS, and NBC failed to mention the role of reduced taxes on the wealthy as a cause of inequality, despite the fact that economists view taxes as a primary driver of income gaps.
Women accounted for a small share of total guests featured during weekday evening economic coverage on the three major cable news networks, despite a renewed focus on economic discussions that significantly affect American women.
A Media Matters analysis conducted over the past year revealed that women comprised just 28.4 percent of total guests featured in weekday evening segments dedicated to economic news and policy debates on Fox News, CNN, and MSNBC.
Women make up slightly more than half of the total United States population and represent a significant majority of the voting public, but their voices remain vastly underrepresented in cable news segments on the economy.
Previous Media Matters studies have shown that weekday evening cable news coverage of the economy in particular fails to feature economists and experts. This failure is more shocking when measured in terms of gender -- women made up less than 10 percent of economist appearances in the past year.
Given that women make up more than 50 percent of the country, all economic issues are women's issues, and the lack of adequate female representation in these segments is a significant failure. But it is particularly glaring given the recent emphasis from policy makers and advocates across the political spectrum to highlight economic issues that disproportionately affect American women.
For example, according to the Economic Policy Institute (EPI), roughly 56 percent of minimum wage workers are women, and recently dozens of women in the economics profession signed a public letter circulated by EPI imploring lawmakers to raise the federal minimum wage to $10.10 per hour. Raising the minimum wage to this level and tying it to inflation now has the support of congressional Democrats and the White House, but weekday cable guest lists have mostly not included female economists whose research and advocacy support the effort.
The lack of adequate female guest representation in economic discussions is not a result of a lack of available and qualified candidates. Heidi Hartmann, the president of the Institute for Women's Policy Research (IWPR), is a prominent advocate for public policies focused on issues of particular importance to women. Economists Heidi Shierholz and Elise Gould of the Economic Policy Institute have written extensively on the impact of low wages on women and the importance of health care reform. Jeanneatte Wicks-Lim of the Political Economy Research Institute (PERI) also specializes on studying policy effects on low-wage workers. Michigan State University economist Lisa Cook has been a recurring guest on MSNBC's Melissa Harris-Perry in the past, but did not appear during MSNBC's evening weekday lineup in the past year. Christina Romer of the University of California, Berkeley is the former chair of the president's Council of Economic Advisers and co-authored President Obama's economic recovery plan in 2009 with economist Jared Bernstein, himself a regular guest on MSNBC.
The economics profession produces more than enough women with the talent necessary to advocate policies or comment on research in the cable news sphere. It is time for guest lists to start reflecting the diversity of opinion and expertise held by women in the field.
Over the past year, weekday evening cable news shows have hosted significantly more male than female guests to discuss the economy, and have hosted only a handful of female economists.
Fox News is celebrating Equal Pay Day by downplaying the problem of a pay gap between men and women in the United States.
April 8 marks the observance of Equal Pay Day, an awareness campaign to educate the public about the pay discrepancy between working men and women in the United States. According to the most recent report from the American Association of University Women (AAUW), women working full-time in 2012 took home approximately 77 cents for every dollar earned by a man working full-time, a ratio that has remained stagnant for nearly a decade.
Despite the discrepancy in take-home pay between American men and women, right-wing media voices, led by Fox News, continue to disregard the issue entirely, claiming either that the gap is not real or that it is too insignificant to merit a proactive response.
Watch Fox deny reality as it attempts to pretend the gender pay gap away:
Narration by Meagan Hatcher-Mays
Weekday broadcast and cable evening news covered a variety of economic topics including deficit reduction, economic growth, and effects of the Affordable Care Act (ACA) throughout the first quarter of 2014. A Media Matters analysis shows that many of these segments lacked proper context or input from economists, with Fox News continuing to advance the erroneous notion that the ACA and the minimum wage are causes of poor job growth.
Fox News dishonestly attacked the solar industry, implying that Yuma, Arizona's unemployment rate is higher than that of Midland, Texas due to the presence of a solar power plant and lack of natural gas or petroleum exploration. However, Yuma and Midland have completely different economic bases, and the Yuma solar plant has been lauded as a success.