AOC Returns to the Scene of the Minimum Wage Crime
Does a government-mandated minimum wage help or hurt the very workers and job seekers that Ocasio-Cortez wants to help?
Living Wage Is as Wrongheaded as the Minimum Wage
After all the studies and the near-unanimous opinion of economists — and even after the negative real-world effect of the minimum wage — it still remains popular.
If $15 Minimum Wage Is Such a Good Idea, Why Did AOC’s Bar Close Down?
Its co-owner, Charles Milite, cited as the primary reason the city’s minimum wage law.
Interventionism vs Capitalism: The Price Control (2 of 4)
Let us consider one example of interventionism, very popular in many countries and tried again and again by many governments, especially in times of inflation. I refer to price control. Governments usually resort to price control when they have inflated the money...
Amazon Advocates Government Force To Increase The Minimum Wage
While Amazon has every right to choose how to compensate its workers, this minimum wage increase and Bezos’ encouraging the federal government to do the same are wrong.
Taxi Deregulation Is On a Roll
The taxi lobby had called for everyone to be equally regulated. Instead, the commissioners made everyone equally free.
Tariffs on Foreign Goods To Save Jobs
When Congress creates a special privilege for some Americans, it must of necessity come at the expense of other Americans.
Minimum Wage Floors Increase Unemployment of Low-Skilled Labour
It is incompetence or dishonesty for my fellow economists to deny these two effects of minimum wages: discrimination against employment of low-skilled labor and the lowering of the cost of racial discrimination.
Yield Purchasing Power: $100M Today Matches $100K in 1979
I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to challenge the notion of calculating a real interest rate by subtracting inflation. The idea is that the decline of a currency can be measured by the rate of price increases. This price-centric view leads to the concept of purchasing power—the amount of stuff that a dollar can buy. It’s the flip side of prices. When prices rise, purchasing power falls.
