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Search results for "minimum wage"

February 09, 2021

How the $15 minimum wage accelerates community decline

As Congress debates the specifics of yet another stimulus bill, President Joe Biden and Sen. Bernie Sanders continue to push for the inclusion a $15 federal minimum wage – a policy that is only likely to prolong pandemic pain for America’s most vulnerable businesses and workers. Continue Reading...

December 07, 2020

Joe Biden’s $15 minimum wage hike: when bad ideas cross the Atlantic

Joe Biden’s choices to serve in his potential Cabinet show the deep and unmistakable influence of labor unions. So does his promise to raise the minimum wage to $15 an hour, a pivotal part of organized labor’s agenda that disproportionately shuts young, poor, and minority workers out of the workforce. Continue Reading...

November 16, 2020

Biden’s minimum wage proposal would prolong pandemic pain

Throughout the COVID-19 crisis, America’s planning class has relied on a predictable mix of so-called stimulus and monetarist tricks to curb the pain of economic disruption. Such heavy-handed interventionism has long been misguided, but for many, the government’s efforts have not gone far enough. Continue Reading...

January 06, 2020

Happy New Year: The minimum wage is practically irrelevant

This morning, as Americans go to work for the first Monday of the New Year, a growing number will see their wages rise to $15 an hour or more – thanks, not to higher minimum wage laws, but to the bustling free market. Continue Reading...

July 31, 2019

Is Pete Buttigieg right that opposing a $15 minimum wage ‘taunts’ God?

Are those who oppose raising the minimum wage to $15 an hour transgressing the Scripture and mocking the Lord God Almighty? One might get that impression from watching Tuesday night’s Democratic presidential debate, when one of the participants explicitly made that argument. Continue Reading...

July 31, 2019

Acton Line podcast: The reality of a $15 minimum wage; Should big tech be regulated?

On July 18, the Raise the Wage Act passed the U.S House of Representatives, a bill that would double federal minimum wage by 2025. Members of Congress who support the bill believe it will increase pay for 27 million workers and lift over one million people out of poverty, but those opposed to the bill say it would cause millions more to lose their jobs. Continue Reading...

April 03, 2019

How the minimum wage affected workers during (and after) the Great Recession

The law of demand is one of the most fundamental concepts of economics. This law states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. Continue Reading...

March 18, 2019

Economists agree: Don’t raise the minimum wage to $15

When it comes to policy choices, professional economists are famous for being overly circumspect. President Harry Truman once complained, “Give me a one-handed economist! All my economists say, ‘on one hand . Continue Reading...

February 21, 2019

Why the minimum wage shouldn’t be a family wage

Nostalgia is a powerful drug, and one that seems to a have particular potent effect on politicians. Consider, for example, a recent tweet by Massachusetts’s senator and Democratic presidential candidate Elizabeth Warren. Continue Reading...

November 30, 2018

How the $15 minimum wage is pushing New York’s car washers to the margins

As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and Minneapolis and states like California and New York have begun to adopt such schemes, leading to a range of unfortunate case studies in economic destruction. Continue Reading...

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