wages


Minimum Wage and Discrimination

By Walter E. Williams LewRockwell.com February 8, 2017   Minimum Wage and Discrimination   There is little question in most academic research that increases in the minimum wage lead to increases in unemployment. The debatable issue is the magnitude of the increase. An issue not often included in minimum wage debates is the substitution effects […]

Sheer Lunacy on Campus

Walter E. Williams

The Arrogant Elite

By Walter E. Williams LewRockwell.com June 8, 2016   The Arrogant Elite     A basic economic premise holds that when the price of something rises, people seek to economize on its use. They seek substitutes for that which has risen in price. Recent years have seen proposals for an increase in the federal minimum […]


Chinese Premier promises a painless upheaval

By Sasa Petricic CBC News March 19, 2016 11:36 AM ET   Premier promises a painless upheaval ‘We must eat,’ protesting workers chant as zombie industries cut pay, begin layoffs     The protests started slowly and gathered steam. A hundred irate coal miners at the railway station, several hundred in front of government offices […]

Premier promises a painless upheaval

Department of Labor Will Be Able to Garnish Wages—Without Court Order

By Against Crony Capitalism October 17, 2015   Department of Labor Will Be Able to Garnish Wages—Without Court Order     The IRS does this which is bad enough. But the Department of Labor? As the state grows ever larger its tentacles reach into every nook and cranny of life. The tendency is always toward […]


Are Prisoners Who Make Low Wages Being Exploited?

By Robert P. Murphy Foundation for Economic Education September 24, 2015   Are Prisoners Who Make Low Wages Being Exploited? The Prison-Industrial Complex Pinches Rents from Prisoners       Over the summer, critics objected to Whole Foods’ participation in a program that used poorly paid prisoners to make expensive cheese for the grocery store’s upscale customers, […]


Neo-Feudal America – Median Wages for Male Employees Down 5% Since 1973

By Michael Krieger Liberty Blitzkrieg September 22, 2015   Neo-Feudal America – Median Wages for Male Employees Down 5% Since 1973     Another day, another data point proving what anyone with two functioning braincells already knows. That for most citizens, the U.S. economy is a neo-feudal Banana Republic oligarch hellhole. The facts are indisputable […]


The Absurdity of the “Living Wage”

By Bill Bonner Bonner & Partners September 8, 2015   The Absurdity of the “Living Wage”     GUALFIN, Argentina – Yesterday was Labor Day. Most of the world pays homage to its sweating, busing, trucking classes, its poor huddled masses… yearning for a cushier seat and a better deal… on May 1. President Grover […]


Baltimore’s Unemployed and the True Cost of Minimum Wages

By Hal Snarr Mises.org June 28, 2015   Baltimore’s Unemployed and the True Cost of Minimum Wages   Since President Johnson first declared war on poverty in his 1964 State of the Union address, this war has cost US taxpayers $22 trillion. The primary implement of this war has and continues to be public assistance […]


The “Living Wage” Mistake

By Ryan McMaken Mises.org April 27, 2015   The “Living Wage” Mistake   Much of the push to raise minimum wages centers on the assumption that each individual worker should be paid an amount that allows the worker to purchase food, health care, transportation, and housing based on that one wage alone. In many cases, […]


How Trade Deals Boost the Top 1% and Bust the Rest

By Robert Reich Common Dreams February 19, 2015   How Trade Deals Boost the Top 1% and Bust the Rest ‘The fact is, trade agreements are no longer really about trade.’     Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the […]


Yes, Minimum Wages Still Increase Unemployment

By Andrew Syrios Mises.org February 9, 2015   Yes, Minimum Wages Still Increase Unemployment   Raising the minimum wage has become the cause célèbre for many on the progressive left. Most notably, Seattle has passed a $15 per hour minimum wage. In addition, California lawmakers are trying to pass a state-wide $13 per hour minimum […]


Government workers are a big part of the crony problem

By Nick Sorrentino Against Crony Capitalism   Government workers are a big part of the crony problem   There is no reason why government workers, who’s salaries are paid via the taxation of the citizenry, should on average make more than their private sector brethren. Government workers typically have jobs for life. That bubble of […]

government worker

I want to work sign

Labor Unions Are Anti-Labor

Source: http://mises.org By George Reisman   Labor Unions Are Anti-Labor   Many Americans, perhaps a substantial majority, still believe that, irrespective of any problems they may have caused, labor unions are fundamentally an institution that exists in the vital elf-interest of wage earners. Indeed, many believe that it is labor unions that stand between the […]


Turning Piketty Right Side Up

  Source: https://mises.org By George Reisman Turning Piketty Right Side Up   Thomas Piketty, a neo-Marxist French professor, has written a near-700-page book, published by Harvard University Press. His book is titled Capital in the Twenty-First Century, in honor of Karl Marx’s nineteenth century Das Capital. It has been greeted with fervent applause from the […]