CIRAS DIGEST: Friday, September 4, 2015

  • First, the numbers: Reuters earlier this week cited data saying U.S. manufacturing hit a two-year slow in August, although cars and construction are doing OK.
  • The numbers, combined with more Chinese angst, led to more stock market issues earlier in the week, according to an AP story in the Sacramento Bee.
  • Meanwhile, the Iowa Business Council expects decent things in this state. But their optimism is fading, according to the Des Moines Business Record.
  • An Iowa Department of Revenue index also dropped in July – providing more evidence, according to the Business Record, that we’re looking at “future softness in Iowa’s overall economy.”
  • Forbes has a piece from contributor Tim Worstall arguing that raising the U.S. minimum wage to $15 per hour would threaten 5.3 million U.S. manufacturing jobs. According to the article, 35 percent of all manufacturing workers made less than $15 per hour last year.
  • Entrepreneur has a story on the creation of MacroFab, a business in Houston being set up to cater to companies in search of places to make small batches of new products. According to the article, doing it this way may cost more than going overseas. But MacroFab can produce quantities as low as one unit, so you only pay for what you need.

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