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
Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts
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
Labels:
Donald Trump,
free enterprise,
free market,
military,
minimum wage,
spending,
trade,
tuition
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
Hey Seattle, How's That $15 Min Wage Working Out For Ya?
by Rick Moran. The American Enterprise Institute blog reveals the not very surprising news that 10 months into Seattle's radical experiment of boosting the minimum wage to $15 an hour over a period of years, the city has suffered the worst job losses since the Great Recession. Now that the first Seattle minimum wage increase has been in effect for more ... MORE
Thomas Sowell: Toxic Words
The assumption of lies. During this election year, we are destined to hear many words that are toxic in the way they misrepresent reality and substitute fantasies that can win votes. One of these words is "entitlement." To hear some politicians tell it, we are all entitled to all sorts of things, ranging from "affordable housing" to "a living ... MORE
Oakland’s Minimum Wage Is Up, Wal-Mart Is Out
by Leah Jessen. How that workin' out for ya? A minimum wage of $12.55 an hour in Oakland, Calif., may be the culprit for a Wal-Mart store’s closure. Last Friday, Wal-Mart announced it will close 269 stores globally—including 154 locations in the United States—impacting about 10,000 associates here at home. “The minimum wage in the city of ... MORE
Adam B. Summers: Killing The Golden Goose Of Capitalism
Be careful what you wish for. The financial world, and quite a few employees, were taken aback recently when Wal-Mart announced that it will be closing 269 of its 11,600 stores, including 154 in the U.S., although it still plans to open 300 stores worldwide in the coming year. Oakland officials “expressed shock” at Wal-Mart’s decision, according ... MORE
John Stossel: Economic Myths
Economic ignorance sells. Hillary Clinton: "Of course we want to raise the minimum wage!" Donald Trump: If we trade with China, "they suck us dry ... take everything. We get nothing!" Bernie Sanders: "Ordinary Americans are working longer hours for lower wages." But it's not true! Politicians are so ignorant about economics. On his blog, Cafe ... MORE
6 Big Cities See Hiring Fade After Minimum Wage Hikes
by Jed Graham. Higher costs mean lower demand. U.S. cities that implemented big minimum-wage hikes to $10 an hour or more in 2015 have seen a strikingly similar aftermath: Job gains have fallen to multiyear lows at restaurants, hotels and other leisure and hospitality venues. The data aren't, for the most part, stark and reliable enough to amount ... MORE
Walter E Williams: Minimum Wage Dishonesty
Higher prices mean less demand. Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's Booth School of Business, of 42 ... MORE
Labels:
demand,
economics,
incentives,
jobs,
low-skill workers,
minimum wage,
supply,
wages,
workers
Minimum Wage Hike Measures Ignore A Dismal Reality
by Steven Greenhut. Polls show a majority of Americans
favor raising the minimum wage. It's easy to understand the sentiment,
given how tough it is to get by working in a low-wage job. Indeed,
support for such efforts is so high in California that two unions are
proposing dueling minimum-wage-hike initiatives for the November 2016 ballot, with the ... MORE
John Farrier: This Robot Keeps Store Shelves Full
In response to a $15 minimum wage. One of the most common tasks for retail workers is to look at the
shelves, see which items are low, and restock those areas from storage. Now that task may be partially replaced with robots. Simbe Robotics
calls its invention Tally. This robot roams a store autonomously,
scanning shelves, finding out which ... MORE
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