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by | Apr 11, 2019

Trade agreements have been greatly successful at lowering trade barriers around the world. But they’re not without their flaws. Each agreement, in practice, tends to retain some counterproductive protectionist policies and may even export some bad policies. The United States-Mexico-Canada…

by | Jan 31, 2019

Fifteen-dollar-an-hour minimum wage is so yesterday. In an op-ed in the New York Times, Ginia Bellafante points to a study showing that a $33-per-hour minimum wage might be needed in New York City, saying that’s the amount necessary — about…

by | Jan 28, 2019

Seventy-one years ago this month — in January 1948 — a black, 17-year-old high school dropout left home. The last grade he had completed was the 9th grade. He had no skills, little experience, and not a lot of maturity….

by | Oct 30, 2018

Let’s say employers must pay a substantially higher wage for all unskilled labor. Would this requirement lift many people out of poverty? Still more, would it lead to greater general prosperity? Everything does come up roses — if you ignore costs…

by | Oct 9, 2018

St. Louis Let us consider one of the basic building blocks of economics: the law of unintended consequences. All too often, human actions — especially government actions — backfire and harm the very people they are supposed to benefit. Price…

by | Oct 5, 2018

The left was quick to give Sen. Bernie Sanders credit for Amazon’s wage hikes the company announced Tuesday, but more credit belongs with President Trump and the strong economy he has helped create. Amazon will begin paying all American employees…

by | Sep 7, 2018

Mickey Mouse is turning down corporate welfare in Anaheim. The Walt Disney Company and the City of Anaheim have agreed to end a plan that would have given $267 million in subsidies for a luxury hotel to serve Disneyland Resort,…

by | May 24, 2018

Local governments should beware that when they pass exorbitant minimum wage laws, they might be giving up a lot in tax revenue. Minimum wage laws have driven up costs for hotels and motels and thus driven away customers from those…

by | Mar 6, 2017

Kelley Uimer closed her independent book shop in Roseville, California after the state raised its minimum wage for the fourth time in ten years. Kelley chose to her pay her workers a wage and compensate them through profit sharing. With each minimum…

by | Dec 6, 2016

Sometimes life forces us to make decisions, even when we don’t have enough information to know how the decision will turn out. The risks may be even greater when people make decisions for other people. Yet there are some who…

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