by James Sherk. Liberals argue that raising the minimum wage boosts the economy without costing jobs. To which conservatives often respond: then why not really hike it and see what happens? Venture capitalist Nick Hanauer appears to have taken this rhetorical point literally. He recently proposed raising the minimum wage to $15 an hour. Hanauer ... MORE
Showing posts with label wages. Show all posts
Showing posts with label wages. Show all posts
Raising The Minimum Wage: Bad Ideas Have Consequences
by James Sherk. Liberals argue that raising the minimum wage boosts the economy without costing jobs. To which conservatives often respond: then why not really hike it and see what happens? Venture capitalist Nick Hanauer appears to have taken this rhetorical point literally. He recently proposed raising the minimum wage to $15 an hour. Hanauer ... MOREThomas Sowell: Economics Vs. 'Need'
A labor shortage should lead to higher wages. One of the most common arguments for allowing more immigration is that there is a "need" for foreign workers to do "jobs that Americans won't do," especially in agriculture. One of my most vivid memories of the late Armen Alchian, an internationally renowned economist at UCLA, involved a lunch ... MORE
U.K. Considers Cutting Minimum Wage To Boost Jobs
by Kitty Donaldson. The U.K. government is considering cutting or freezing the national minimum wage if it’s shown to be damaging the labor market, Prime Minister David Cameron’s spokesman said. The Daily Telegraph newspaper reported today that the Business Department has changed the remit of the Low Pay Commission, which sets the ... MORERobert J. Scamardella: Minimum Wage Harms The Economy
Why reduce the market for low-skill labor? Raising the minimum wage is the latest populist craze. President Obama recently proposed to hike the minimum wage to $9.00 an hour. New York State is poised to enforce such an increase. On its face, raising the minimum wage sounds benevolent. Closer examination shows that it hurts ... MOREExpect These 8 Steps From The Government's Playbook
by Simon Black. To anyone paying attention, reality is now painfully obvious. These bankrupt, insolvent governments have just about run out of fingers to plug the dikes. And history shows that, once this happens, governments fall back on a very limited playbook: 1. Direct confiscation - As Cyprus showed us, bankrupt governments are quite happy to ... MOREJohn Fund: Minimum Wage Equals Maximum Confusion
Why it hurts the poor more than helps. President Obama made headlines in January when he called for raising the minimum wage from $7.25 an hour to $9 and tying future increases to inflation. Politically, calling for a higher minimum wage is a winner. This week, New York’s state assembly voted to implement Obama’s plan locally. On the national level, ... MOREHusna Haq: Why Is Wal-Mart Worried?
Tax increases gouge low-income consumers. Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers’ disposable income, leaving them with less cash to spend on clothing, groceries, and eating out. As a result, more than three ... MOREJames Dorn: Obama's Minimum Wage Is Zombie Economics
Minimum wage a maximum folly. President Obama’s proposal to increase the federal minimum wage is a
case of what Nobel laureate economist Paul Krugman calls “zombie
economic ideas.” According to Krugman, “a zombie idea is a proposition
that has been thoroughly refuted by analysis and evidence, and should be
dead—but won’t stay ... MOREWhy Minimum Wage Laws Hurt, Not Help, Employees
by James Street. I began working at the ripe old age of 15. I refereed paintball on
the weekends. And it sucked. It was hot, stinky, I wasn't a big fan of
most of my fellow employees, my boss was a jerk, and I got paid $6 an
hour. I only worked 12 hours a week or so, and being a single teenager,
Uncle Sam raped me royally on taxes. One would think that such a ... MOREUnion Fail: Walmart Reports Record Sales
The people vote with their pocketbooks. Despite union efforts to target retailers like Walmart, businesses are reporting record Black Friday traffic – the biggest sign yet that the unions are out of touch with the American people. Starting at 8 p.m. on Thanksgiving, Walmart put its products on Black Friday sale, sparking a run to the stores and ... MOREThomas Sowell - Killing The Goose
Incentives for destruction. Killing the goose that lays the golden egg is one of those old fairy
tales for children which has a heavy message that a lot of adults should
listen to. The labor unions which have driven the makers of Twinkies
into bankruptcy, potentially destroying 18,500 jobs, could have learned
a lot from that old children's fairy tale. ... MOREObamaCare Drops Full-Time Employment
by Walter Russell Mead. Many businesses anticipate that Obamacare will deal a blow to their
bottom line in the form of fines and penalties. Some are now planning to
evade the law’s fine for uninsured full-time employees by pushing
full-time employees to part-time status. The Wall Street Journal reports: Several restaurants, hotels and retailers ... MOREThomas Sowell - Cheap Politicians
We get what we pay for. Now that the National Football League has apparently learned that it
can be costly to hire cheap officials, perhaps the rest of us should
learn the same lesson when it comes to government officials, whose bad
calls can do a lot more damage. What do we do when we want a better car, a better home or a better
bottle of wine? ... MOREJohn Stossel - Strangulation By Union
Chicago Teachers 1 School Children 0. The Chicago teachers strike is over, but the public didn't win. Schools will still transfer bad teachers to other schools because it's nearly impossible to fire them. When bad teachers go from school to school, principals call it "the dance of the lemons." It would be funny if those teachers didn't slowly wreck ... MOREIra Stoll: Obama's Fact-Challenged Tax Claim
Where are the “fact-checkers” when you need them? On CBS News’s “60 Minutes” Sunday night, President
Obama said,
“Taxes are lower on families than they've been probably in the last
50 years. So I haven't raised taxes.” As of Monday morning, neither the Washington Post’s
Pinocchio-awarding Fact-Checker,
nor the Annenberg Public Policy ... MORE
Ralph R. Reiland: We're Going Backward
Obama keeps saying we're moving forward. They say the economy is moving in the right direction, that we should stay the course, that it takes time to pull out of the recession that began in late 2007. In fact, things are getting worse. The economy was creating 153,000 new jobs per month last year. That dropped during the first seven months ... MORE
Subscribe to:
Posts (Atom)