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

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

VIDEO: Is Raising Minimum Wage A Bad Idea?

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

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

Nick Gillespie: Why Intellectuals Hate Capitalism

Whole Foods CEO John Mackey explains.   "Intellectuals have always disdained commerce," says Whole Foods Market co-founder John Mackey. They "have always sided with the aristocrats to maintain a society where the businesspeople were kept down." Having helped create the global grocery chain intellectuals arguably like best,       ... MORE

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