Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts

Economic Policy: Statism Vs The Free Market

Latest Update: July 11, 2017
Walter E Williams: Minimum Wage Cruelty
Oregon seeks to reduce business flexibility and micromanage private work schedules
This is what socialism looks like: 'doctors flee desperate Venezuela' 
John Stossel: Prosperity Cities
Pirates catcher Francisco Cervilli's compelling message to his fellow citizens of Venezuela
California has glut of electricity but residents still pay 40% more than national average
Walter E Williams: There's Nothing Free

Thomas Sowell: The Left and the Masses

The greatest moral claim of the political left is that they are for the masses in general and the poor in particular. 

That is also their greatest fraud. It even fools many leftists themselves. 
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The Cruelty Of The $15 Minimum Wage

by Nick Gillespie & Jim Epstein.   The $15 minimum wage just went from "laughable" to "viable"—as a New York Times headline put it—to the law of the land for millions of New York and California residents. In April 2016, the Empire and Golden states almost simultaneously passed laws that will boost the state-mandated wage floor to $15 over the     ... MORE

Raising Minimum Wage Is Perfect Way To Kill Summer Jobs

by Jonah Goldberg.   Expect more teenagers on the streets. I had a lot of summer jobs. I was a foot messenger in New York for a couple of summers. I worked as a receptionist and mail-room flunky. Before my junior year of high school, I briefly sold ice-cream snacks — sort of yuppie bonbons — on the street for a company called Love Bites.     ... MORE

Hyprocrisy On Steroids: California Labor Union That Fought To Impose $15 Minimum Wage Now Wants An Exemption

The point is to drive up the costs of their competition.  The labor union that led the charge for a $15 minimum wage hike in cities across California is now moving to secure an exemption for employers under union contracts. The Los Angeles County Federation of Labor buried the exemption on the eighth page of its 12-page proposal for the  ... MORE

$15 Minimum Wage Follies In California And New York

by Ronald Bailey.   Good intentions, but a near total failure as an anti-poverty policy. Both California and New York have just adopted measures to raise their minimum wages to $15 an hour over the next few years. Los Angeles Mayor Eric Garcetti hailed the increase, declaring, "Today California leads the nation once again, passing a historic    ... MORE

When Did The U.S. Repeal The Laws Of Supply & Demand?

by A. Barton Hinkle. Of soda taxes & minimum wage. Back in October, The New York Times reported that the law of supply and demand still works. "Yes, Soda Taxes Seem to Cut Soda Drinking," the newspaper told its readers, relating the results of Mexico's new tax on sugary beverages. Mexico's measure imposed a 10 percent tax on soft drinks, and so  ... MORE

Higher Minimum Wage Equals Higher Prices, More Taxes

by John Seiler.     I have dinner once a week with some friends here in Orange County. I set a limit of $20 for beer and food, or $80 a month. When the state minimum wage jumped to $10 an hour from $8 a couple years back, the restaurants increased their prices. So I cut back from a full meal to appetizers. It’s less enjoyment, but, as President John F. ... MORE

The $15 Minimum Wage Will Kill Jobs. Should You Care?

by Peter Coy.   Mandated unemployment for low-skill workers. This is a story about ethics and economics, winners and losers, and the philosophical muddle on both ends of the political spectrum, as told through two of the hot-button issues of the 2016 U.S. presidential race: the minimum wage and free trade. Start with an unpopular but  ... MORE

What If The Minimum Wage Increase Is A Fraud?

by Andrew Napolitano.      What if the latest craze among the big-government crowd in both major political parties is to use the power of government to force employers to pay some of their employees more than their services are worth to the employers? What if this represents an intrusion by government into the employer-employee       ... MORE

Scott Shackford: Jerry Brown Admits $15 Minimum Wage Does Not Make Economic Sense, Approves It Anyway

Smart economics is not a consideration. California Gov. Jerry Brown simply does not care about what will happen to citizens in non-urban parts of the state under a $15 minimum wage. He didn’t literally say that, but what he did say when today was that he understood that there may be some bad outcomes for such a massive, unprecedented mandate. And then he signed it into law anyway. ... MORE

California Raises Cost Of Hiring To $15 An Hour

More unemployment guaranteed.   California legislators and labor unions have reached a tentative agreement that will take the state's minimum wage from $10 to $15 an hour, a state senator said, a move that would make for the largest statewide minimum in the nation by far. "This is not a done deal," Sen. Mark Leno, D-San Francisco, told The    ... MORE

VIDEO: Richard Epstein - Toward Fixing America's Economy

Bob Russell: Free Market Should Determine Wages

Give low-skill workers a chance.     I think the Minimum Wage Law is one of the worst things that government has ever done. It’s often said that people can’t live on $7.25 per hour as a reason for increasing the minimum wage. Of course, we all wish that everyone could make more, but it is not up to us or even the government to say what people  ... MORE

Thanks To Minimum Wage Mandates, Carl’s Jr CEO Now Wants To Replace All Human Workers With Robots

Government forces low-skill workers to sidelines.  Looks like the little guy can teach a global fast food conglomerate a thing or two about running a restaurant. Eatsa, the mostly automated healthy, fast food bowl shop based in San Francisco, has inspired the CEO of Carl’s Jr. and Hardee’s to rethink the traditional workforce—by replacing all   ... MORE

John Stossel: Political Promises

How to buffalo low-info voters. Democrats trash businesses. But if businesses promised things the way politicians do, the owners would be jailed for fraud. It's not legal to promise more than you can deliver. I don't suggest that prosecutors should go after politicians who lie. Voters can do that. Political speech should be free. But politicians' promises   ... MORE

Oregon Legislature Repeals Laws Of Supply & Demand

It is not likely to work out well.    Like the apocryphal story of the state legislature that passed a law dictating that pi equals 3, the Oregon state legislature has passed two laws that pretend the laws of supply & demand don’t exist. The difference is that, in reality, no state legislature ever did pass a law saying that pi equals 3, but Oregon’s      ... MORE