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

Dr. Michael Hurd: Wage Theft

What a racket.   Hillary Clinton promises to jail employers who engage in “wage theft.” Wage theft. What could possibly justify that? It sounds like taking wages away from innocent, hard-working people, brazenly stealing their hard earned property. Should people guilty of “wage theft” be immediately jailed? Of course! I did a little research on the   ... MORE

Walter E Williams: Liberal Reasoning - Idiotic or Dishonest?

A very convenience understanding at minimum.    Many people argue that liberals, socialists and progressives do not understand basic economics. I am not totally convinced about that. Take the law of demand, for example, one of the fundamental principles of economics. It holds that the lower the cost of something the more people will  ... MORE

Unintended Consequences Of Seattle's Minimum Wage Hike

by Alex Vargo.     A cure much worse than the disease. Like any well-intentioned law, government-imposed minimum wage increase seem to help workers, at least on the surface. But is it really as easy as mandating that employers pay their employees more? In the restaurant industry, there are three possible consequences for young workers that    ... MORE

Steve Berman: ‘McJobless In Seattle’ As Order Screens Arrive: Labor Day Reality Check For $15 Minimum Wage

Minimum wage results in maximum unemployment.  While it seems liberals may think that raising the minimum wage will raise living standards for poor Americans, they should have seen this coming. With Los Angeles joining Seattle in setting a $15 minimum wage (Los Angeles by 2020, and Seattle by 2021), it stands to reason that McDonald’s   ... MORE

More Unemployment Ahead As Minimum-Wage Offensive Will Likely Speed Arrival Of Robot-Powered Restaurants

by Lydia DePillis.   Crowded. That’s how Ed Rensi remembers what life was like working at McDonald’s in 1966. There were about double the number of people working in the store — 70 or 80, as opposed to the 30 or 40 there today — because preparing the food just took a lot more doing. “When I first started at McDonald’s making 85 cents an  ... MORE

How The Federal Government Betrayed Millennials

by Veronique deRugy.   Candidates running for president should take the following warning seriously: Years of bad government policies catering to interest groups have created a generation of young people facing tremendous challenges in the labor market and little chance to experience the good old American dream. We can hope that someone       ... MORE

Thomas Sowell: The Fact-Free Left: Part II

Intentions trump results, every time.     There is no way to know what is going on in someone else's mind. But sometimes their behavior tells you more than their words. The political left's great claim to authenticity and honor is that what they advocate is for the benefit of the less fortunate. But how could we test that? T.S. Eliot once said,    ... MORE

Costs From Regulations Pile Up, Hurt Small Business Profits

by Joyce M. Rosenberg.   Govt's war on capitalism. It's getting more expensive to be an employer and small business owners say that's making it harder for them to make money. The health care law, minimum wage increases and paid sick leave laws in some states and cities are increasing costs. Small companies also face the prospect of higher overtime  ... MORE

Higher Minimum Wage Leads To Price Rises And Job Losses

by Tim Worstall.    We have been trying to tell people for some time now that raising the minimum wage just isn’t this costless exercise that so many seem to think it is. Raising that minimum wage means a pretty large amount of money flowing to one specific group of people in the economy. Which, given that we’ve not created any new money here,      ... MORE

Fast Food Restaurant Responds To Minimum Wage Hike

by Kaitlyn Schallhorn.    Some raise prices, others layoff workers. As San Francisco is set to raise its minimum wage to $15 over the next few years, Chipotle raised the price of its food. According to Investors Business Daily, Chipotle in San Francisco raised its prices as much as 14.4 percent as the Golden Gate City raised its minimum wage by 14 percent.    ... MORE

The $15 Minimum Wage Would Cost 300,000 Jobs

by Tim Worstall.    There’s an absolutely fascinating little piece of information in George Osborne’s budget over in my native UK. For it gives us a firm calculation of the number of job losses that will come from a rise in the minimum wage in that country. And we can adapt that estimate to the United States and the effect of the $15 an hour that is   ... MORE

Why Should Government Demand Wage Rates Rather Than Let Individuals Be Free To Pursue Their Own Interests?

by Chuck Barnard.  We should all be free to work for a business based on our personal criteria, including the wage they pay. What right do any of these progressives have to tell someone who would agree to work for another individual for a mutually agreed-upon wage that they can’t? How do they have the right to say to someone they must work for a  ... MORE

The Effects Of The Minimum Wage Rise In San Francisco

by Tim Worstall.   As we keep trying to point out to people there really isn’t anything even remotely resembling a free lunch when it comes to the discussion of wages and labor. Meaning that just because well meaning liberals wave their magic wand and decree that wages will rise there will indeed be countervailing effects. And in San Francisco, where   ... MORE

Cheerleaders To Get Minimum Wage Under California Law

by Justin Worland.     Now, maybe the pretty girls will try out. New legislation in California would protect cheerleaders for professional sports teams from receiving low pay that some in the industry say amounts to less than minimum wage. The bill, the first of its kind in the nation, passed the California State Senate Monday and awaits the signature of   ... MORE

McDonald’s Response To $15 An Hour Minimum Wage

by Farley Elliott.  It seems that most of the online restaurant platforms looking to deliver us into the future are primarily aimed at just getting the world to interact less and less in person. Food delivery and personal meal apps are all the rage — and allow anyone to just sit at home in soiled sweatpants forever — as are reservation systems and payment  ... MORE

New York Democrats Begin To Realize Minimum Wage Means Maximum Unemployment For Low-Skill Workers

by Novell Rose.   It is not about politics, it is about math. It happened in Seattle — pay goes up, business goes down. As Western Journalism reported about the city’s $15-per-hour minimum wage law, an article in Seattle Magazine raised the red flag about the red ink a number of local restaurants would be facing because of the increasing labor     ... MORE

Brian Doherty: L.A.'s Minimum Wage Hike: A Teaching Moment For Those Trying To Help The Underprivileged

Harder to do good for someone if it costs a lot more.  A lightly annotated story from today's L.A. Times from the frontline of the politically connected trying to claim special exemptions from L.A's forthcoming minimum wage hike, which highlights not the corruption of the politically connected seeking special favors but the logic    ... MORE