Showing posts with label wages. Show all posts
Showing posts with label wages. Show all posts
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
Tami Luhby: No One Stays In The Top 1% For Long
Up and down the income ladder. Made it into the Top 1%? Congrats! Just don't expect to stay there for very long. The Top 1% is often considered an exclusive, monolithic group, but folks actually rise up into it and fall out of it quite often. That's because their incomes can vary widely year to year. Some 11% of Americans will join the Top 1% for ... MOREDr. 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 ... MOREThe $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 ... MOREThe 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 ... MOREAmerican Families Are Being Economically Destroyed
by Michael Snyder. The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high ... MORERick Moran: Obama's 'Record-Breaking' Economy
What happened to the labor force? Corporate profits are sky-high, Wall Street is on an historic winning streak – and President Obama must be extremely grateful that commentary about his framework nuclear deal with Iran sucked up all the media oxygen so that the terrible jobs report that came out on Friday was largely ignored. Zero Hedge gives ... MORERonald Bailey: The Minimum Wage And Magical Thinking
Defying the law of demand never works. If
all other factors remain equal, the higher the price of a good, the
less people will demand it. That's the law
of demand, a fundamental idea in economics. And yet there is no
shortage of politicians, pundits, policy wonks, and members of the
public who insist that raising the price of labor will not have ... MOREMinimum Wage Backfire: McDonald's Move To Automate
from the Wall Street Journal. If there’s a silver lining for
McDonald’s
in Tuesday’s dreadful earnings report, it is that perhaps union
activists will begin to understand that the fast-food chain cannot solve
the problems of the
Obama
economy. The world’s largest restaurant company reported a 30%
decline in quarterly profits on a 5% ... MORESmall Restaurants Feel Pinch of Minimum Wage Hike
by Kevin Mooney. Bad news for mom and pop. As far as Rob Pluta is concerned, New Jersey lawmakers who say they want to help restaurant workers by raising the state’s minimum wage for tipped employees have it all wrong. If Trenton wants to help these workers, says Pluta, who owns and operates Leonardo’s II, an Italian eatery in Lawrenceville, it ... MOREMinimum Skills Translate To A Minimum Wage
by Abdul-Hakim Shabazz. Whenever I read an article about fast-food workers demanding $15 an hour I have to double check and make sure I am not getting my news from the Onion or some other satirical website. You’ve seen the headlines as of late. A group of low-skilled, usually low-educated, workers are demanding $15 an hour just ... MOREThomas Sowell: Mob Rule Economics
Maybe low-paying jobs are better than none at all. While we talk about democracy and equal rights, we seem increasingly to let both private and government decisions be determined by mob rule. There is nothing democratic about mob rule. It means that some people's votes are to be overruled by other people's disruptions, harassment ... MORE
Jeffrey Folks: Regulating The Roads, And Everything Else
Devastating regulation. Aside from liberals in Washington and some at the New York Times, most economists agree that increased regulation strangles economic growth. Exactly how this works can be demonstrated by a simple experiment. In a group of 25 individuals, assign one the task of arranging the remaining 24 persons in order of height by ... MORE
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