A maximum folly. In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That would be almost a 25 percent increase. Let's look at the president's proposal, but before doing so, let's ask some other economic questions. Are people responsive to changes in price? For example, if the price of ... MOREWalter E Williams: Higher Minimum Wages
A maximum folly. In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That would be almost a 25 percent increase. Let's look at the president's proposal, but before doing so, let's ask some other economic questions. Are people responsive to changes in price? For example, if the price of ... MORERobert Zurbin: Imposing Misery By Environmental Devotion
Green anti-humanism. On February 11, 2013, the Denver Post ran a guest commentary of great clinical interest. In the piece in question, Colorado State University philosophy professor Philip Cafaro advanced the argument that immigration needs to be sharply cut, because otherwise people from Third World nations will come to the United States and ... MORERichard Berman: Raising Minimum Wage Is Bad Magic Trick
Presto, change-o and workers will be hurt. Apparently America’s employees were better off in 1968 than they are
today. At least, such is the claim of the labor-backed activists and the
AFL-CIO’s
chief economist. By their telling, the minimum wage has lost value — if
it were fairly adjusted since the late 1960s, it would today be set at
$10.58. ... MOREBarry Farber: BHO And His Magic Shield
No failure the media won't ignore. There are bookies in London who will take your bets on who will be the next pope. As long as they’re such sports, will they make book on this: Is there anything President Obama can do or say that will pierce his magic shield and turn American mass media reverence into rage? Obama is the most incredible ... MOREBrad Hamilton: Nanny Bloomberg's War On Free Choice
NYC bans 2-liter bottles of soda with pizza delivery. Take a big gulp, New York: Hizzoner is about to give you a pop. Nanny Bloomberg unleashes his ban on large sodas on March 12 — and there are some nasty surprises lurking for hardworking families. Say goodbye to that 2-liter bottle of Coke with your pizza delivery, pitchers of soft drinks at your ... MOREThe Key Is Not Regulation, But Individual Rights
Michael B. Kitz-Miller on guns. I have been going back and forth regarding the issue of gun control, until recently. In the service, I qualified as expert with numerous weapons, including the M-1, M-14 and M-16 which we field tested, so I have some knowledge of weapons and their use. The assault weapon in question for government control and used at ... MOREJohn White: The Feds Want Your Retirement Accounts
Politicians eyeball new money pot. Quietly, behind the scenes, the groundwork is being laid for federal government confiscation of tax-deferred retirement accounts such as IRAs. Slowly, the cat is being let out of the bag. Last January 18th, in a little noticed interview of Richard Cordray, acting head of the Consumer Financial Protection Bureau, ... MOREPush For Minimum Wage Ignores Economic Reality
by Steve Chapman. President Barack Obama and Democrats in Congress want to raise the minimum wage to improve the lot of the working poor. But they've got the wrong idea. The problem is not that these workers earn so little; it's that the things they buy cost so much. I propose instead to outlaw high prices. No one, after all, likes paying too much. ... MORE
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