Browsing All Posts filed under »minimum wage«

Don’t Forget History

May 8, 2014 by

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Amity Shlaes has written a fine piece in National Review Online on one particular aspect of the Great Depression having to do with minimum wages (NRO, May 7, 2014).  As she points out, recent research has changed the way we evaluate that event in economic history.  In case you don’t remember, the dominant narrative had been that […]

Sad, sad, sad. When one of the greats becomes blinded by ideology.

April 9, 2014 by

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http://m.mlb.com/video/v3224106 Sorry I can’t get the video to embed directly, but please watch this first. Hank Aaron is a true American hero, for Americans of all races and classes.  As Braves chairman Terry McGuirk said Aaron “set the home-run record the old-fashioned way” and added “You will always be the home run king of all […]

“It’s easy to remember, $10.10”: The 5% Solution

February 19, 2014 by

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Target: poverty Number positively effected: 16,500,000 Number pushed above the poverty line: 900,000 900,000/16,500,000 = 5.45% In his State of the Union address President Obama said: “It’s easy to remember, $10.10”. One option for increasing the minimum wage is to increase the federally mandated minimum to $10.10 an hour. Tuesday, the Congressional Budget Office released […]

Bad Economics & Bad Theology: the Christian case for the minimum wage

January 31, 2014 by

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This is the gift that keeps on giving for blogging Bereans; Dr. Wheeler has ably commented in his post today on the minimum wage but no sooner did he publish it than I found a piece by Elizabeth Stocker making the “Christian” case for the minimum wage.  Please read her article and provide your response […]

Minimum Wage legislation, should we abolish it?

May 10, 2013 by

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This is subject of a recent debate featuring Libertarian’s Russ Roberts and Jim Dorn as well as Progressive’s Jared Bernstein and Karen Kornbluh.   Unfortunately, the audience voted with Mr. Bernstein that we should keep the minimum wage.  If you take the time to listen to the debate, you’ll find some rather startling admissions by […]