Shrinking opportunities for low-skill workers. I grew up in a family who had to stretch their money the best way they could. So I understand those in our nation who labor hard to pay their monthly bills. As our economy continues to struggle, the President and his congressional allies are proposing another hike in the federal minimum wage. ... MORE
Showing posts with label low-skill workers. Show all posts
Showing posts with label low-skill workers. Show all posts
Harry R. Jackson Jr: Minimum Wage Is All Jacked Up
Shrinking opportunities for low-skill workers. I grew up in a family who had to stretch their money the best way they could. So I understand those in our nation who labor hard to pay their monthly bills. As our economy continues to struggle, the President and his congressional allies are proposing another hike in the federal minimum wage. ... MORENine Reasons Why The Minimum Wage Is A Terrible Idea
by Ira Stoll. President Obama and congressional Democrats are pressing to increase the federal minimum wage to $10.10 an hour. Here are nine reasons why that’s a bad idea. 1. It’s a big country. The costs of living,
especially housing, vary widely in America from state to state and
city to city. If the point of raising the minimum wage is to ... MORESpecial-Interest Groups Benefit from Minimum Wage Laws
Gary Galles explains why. Those campaigning for a substantial jump in the minimum wage all assert that the purpose is to help working families. Unfortunately, careful students of the evidence come to a different conclusion. As Mark Wilson summarized it, “evidence from a large number of academic studies suggests that minimum wage ... MORE
Ramesh Ponnuru: Raising Minimum Wage Is Still A Bad Idea
A popular idea, just a bad one. Raising the minimum wage to $10.10 an hour, as President Barack Obama urged in his State of the Union address last month, is as popular an idea as ever. It’s also a worse idea than ever. Obama presented it as a way to help struggling families: “Americans
overwhelmingly agree that no one who works full ... MORERobert P. Murphy: Economist Debate The Minimum Wage
Why wage regulation hurts low-skill workers. Economists famously argue about everything. Even so, it used to be that economists across the board—whether left, right, or center—generally agreed that the minimum wage was ill-suited to help the poor. As we still teach introductory students in Econ 101, a price floor on low-skilled ... MORE1,154,000 Fewer Americans Working Than 6 Years Ago
by Ali Meyer. The bitter fruits of hope and change. 1,154,000 fewer Americans are working today than six years ago, according to data from the Bureau of Labor Statistics. In January 2008, 146,378,000 Americans 16 and over were employed, and now in January 2014, 145,224,000 are employed, a difference of 1,154,000. 91,455,000 Americans 16 or ... MORE
Make 2014 The Year Of Freedom For Low-Wage Workers
Sheldon Richman on licensing. The federal budget deficit was big in 2013, but not as big as the freedom deficit. We should all resolve to make 2014 the year that we secure our freedom from government, the biggest threat we face. We can start with freedom for low-wage workers. Hundreds of occupations are closed shut unless one has a
license. To get ... MOREThirteen States Make Low-Skill Workers Less Employable
The cost of hiring has just been arbitrarily increased. The minimum wage rose in 13 states as 2013 drew to a close. As many as 11 states and Washington, D.C., are expected to consider increases in 2014, and approval is likely in more than half of the 11, according to the National Employment Law Project, says USA Today. On January 1, ... MORE
Ron Paul: Government Policies Hurt Low-Skill Workers
Economic ignorance is not a strategy. Fast-food workers across the county have recently held a number of high profile protests to agitate for higher wages. These protests have been accompanied by efforts to increase the wages mandated by state and local minimum wage laws, as well as a renewed push in some states and localities to pass ... MORE
Minimum Wage Hikes Are Too Good To Be True
by Steve Chapman. If you offer people something that is too good to be true, you will always find takers. Ask Bernie Madoff. Or ask Barack Obama. He recently proposed an increase in the minimum wage—an idea that suits the natural predilections of many people enough to distract them from the unsentimental and unwelcome logic of ... MORE
Eric Schulzke: Robots Vs. Minimum Wage
Low-skill workers can be easily replaced. Even as pressure builds to hike the minimum wage, evidence grows that
low-wage/low-skill workers may be dispensable in a world where
automation of simple tasks is inevitable, syndicated columnist Jonah Goldberg said Monday. Goldberg cited the irony that just one day before the president delivered ... MOREGeorge Leef: Minimum Wage Alchemy
Not just economically bad, philosophically cancerous. The driving force behind Obamacare was the absurd belief that through legislation and regulation, the government could make many healthcare consumers better off without making any of them worse off. As we are now discovering, the truth is the reverse of that – hardly anyone ... MOREMinimum Wage Kills Jobs For Low-Skill Workers
by Antony Davies, James R. Harrigan. We are rarely subjected to debate over the minimum wage apart from election season, but America's painfully sluggish return to economic normalcy has politicians scrambling to do something to help the working class. While the minimum wage debate usually plays out at the federal level, there is now ... MOREDominick Armentano: Minimum Wage, Maximum Nonsense
Policy would work if money grew on trees. In his 2013 State of the Union message, President Obama suggested that Congress
increase the federal hourly minimum wage from its current rate of $7.25
to at least $9. Several states are also debating an increase; indeed,
the California Legislature recently approved and Gov. Jerry Brown
just signed ... MOREThomas Sowell: Destroying Household Jobs
Government, the foremost producer of idle hands. Despite evidence from around the world that minimum wage laws can price low-skilled workers out of jobs, the U.S. Department of Labor is planning to extend minimum wage coverage to domestic workers, such as maids or those who drop in from time to time to do a few household ... MORE
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