Vivvo CMS 4.1 http://www.capitalismmagazine.com/ Capitalism Magazine 15 ©2010 Spoonlabs d.o.o. http://www.capitalismmagazine.com/files.php?file= http://www.capitalismmagazine.com/ http://www.capitalismmagazine.com/economics/minimum-wages/4959-the-temperamental-minimum-wage.html Minimum Wages Wed, 09 May 2007 05:00:00 +0000 The first fundamental law of demand postulates that the lower the price of something, the more will be demanded, and the higher the price, the less will be demanded. To my knowledge, there are no known exceptions to the law of demand. That was until last fall when 650 economists, including several Nobel Laureates, signed a letter calling for an increase in the minimum wage. 263f682319f01187793fc40676c9a83a http://www.capitalismmagazine.com/economics/minimum-wages/4758-the-minimum-wage-vision.html Minimum Wages Wed, 09 Aug 2006 05:00:00 +0000 Congress can easily mandate higher wages, but they cannot mandate higher worker productivity or that employers hire a particular worker in the first place. Those of us who truly care about the welfare of low-skilled workers should focus our energies on helping them to become more productive, and a good start would be to do something about the rotten education that many receive. 617aec21e4021be70303bdf169f0a912 http://www.capitalismmagazine.com/economics/minimum-wages/4757-a-glimmer-of-hope-the-unusual-backlash-against-minimum-wage.html Minimum Wages Sun, 06 Aug 2006 05:00:00 +0000 While the $10 an hour minimum wage was politics as usual, the unusual backlash against it provides at least a glimmer of hope that more people are beginning to consider the economic consequences of such feel-good legislation. 44a493f38d4c89a403ac7c119dc18041 http://www.capitalismmagazine.com/economics/minimum-wages/4639-minimum-wage-maximum-folly.html Minimum Wages Tue, 25 Apr 2006 05:00:00 +0000 If higher minimum wages could cure poverty, we could easily end worldwide poverty simply by telling poor nations to legislate higher minimum wages. 0acb539417dd9d78b5cf484781edc40a http://www.capitalismmagazine.com/economics/minimum-wages/4173-minimum-wage-maximum-folly.html Minimum Wages Wed, 23 Mar 2005 06:00:00 +0000 The idea that minimum wage legislation is an anti-poverty tool is simply sheer nonsense. Were it an anti-poverty weapon, we might save loads of foreign aid expenditures simply by advising legislators in the world's poorest countries, such as Haiti, Bangladesh and Ethiopia, to legislate higher minimum wages. 76abfe6e86b99f66b681f946ca2de538 http://www.capitalismmagazine.com/economics/minimum-wages/3675-the-economic-effects-of-the-minimum-wage.html Minimum Wages Sat, 15 May 2004 05:00:00 +0000 The bad news is that increasing the minimum wage will do little to improve conditions for the working poor. This is because relatively few of the recipients of such an increase are living in poverty. 769bd757da4e2ad6561be9dad328e1e6 http://www.capitalismmagazine.com/economics/minimum-wages/3307-why-racists-and-unions-support-minimum-wages.html Minimum Wages Wed, 12 Nov 2003 06:00:00 +0000 History has seen many calls for minimum wages for the same reason -- to eliminate competition with workers who'd work for less. b9d9010278945ed367c153a0712ce720 http://www.capitalismmagazine.com/economics/minimum-wages/2079-minimum-wage-maximum-stupidity.html Minimum Wages Mon, 20 Sep 1999 05:00:00 +0000 Minimum-wage laws, an icon of the political left, are particularly damaging to low-income workers. Many are locked out of jobs. eab702c5a436d0bf6075673ad4fd6ad9 http://www.capitalismmagazine.com/economics/minimum-wages/2051-minimum-wage-yet-another-republican-retreat.html Minimum Wages Fri, 16 Apr 1999 05:00:00 +0000 "Raise the legal minimum price of labor above the productivity of the least skilled workers, and fewer will be hired." 01b1332480a832bd8ba29660ab358173