The Bernie Sanders campaign recently announced that it would be raising its salaries staffers’ effective pay to $15 an hour by shortening their workdays. This comes on the heels of reports that middling salaries and 60-hour weeks mean that Bernie…
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…
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…
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….
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…
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…
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…
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,…
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…
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…
