Acton Institute Powerblog

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Search results for "minimum wage"
February 26, 2013

Tom Brady and The Reality of Living in a World of Trade-Offs

Tom Brady was drafted by the New England Patriots in the unimpressive 6th round of the 2000 NFL draft out of the University of Michigan. No one predicted that the slow-footed, lumbering QB in this footage from pre-draft workouts that year would become one of the greatest players in the sport’s history. Continue Reading...
February 13, 2013

Samuel Gregg: An Alternate Reality State of the Union Address

On National Review Online, Acton Research Director Samuel Gregg reflects on President Obama’s State of the Union address last night, and flags the “reality-denial” that is expressed by “a few token references to free enterprise and rewarding individual initiative (to reassure us we’re still living in America instead of just another declining European social democracy).” Continue Reading...
February 12, 2013

The Various Challenges of the Higher Education Bubble

The latest topic of The City podcast is the higher education bubble, featuring Cate MacDonald, Dr. John Mark Reynolds, and Dr. Holly Ordway. Reynolds makes the point that bubbles can arise when things are overvalued, but that it is important to determine whether that thing is relatively overvalued or absolutely overvalued. Continue Reading...
February 08, 2013

Northern Ireland: Coming to America?

After decades of bloody turmoil between Protestants and Catholics in Northern Ireland, on March 26, 2007, Ian Paisley and Gerry Adams, sitting side-by-side at Stormont confirmed that power-sharing will return to Northern Ireland on May 8th of that same year. Continue Reading...
January 16, 2013

Debating Food Equality in New York

The Food Bank For New York recently released their annual report on the state of hunger in the city and the growing disparity between low-income New Yorkers and New York City’s professional class. Continue Reading...
January 08, 2013

Beyond an Earthbound Economics

We humans have a pesky tendency toward earthbound thinking. The natural world comes more easily to us, for obvious reasons, and thus, even when we aim to overcome our disposition and contemplate ways to improve things beyond the immediate, it’s hard for us to break out of the box. Continue Reading...
January 03, 2013

Ten States Further Crippling Workers in 2013

The Pew Center on the States is reporting that ten states voted to raise the minimum wage for workers in 2013. Teens and low-skilled workers should be protesting in response. According to the report, Nine states will adjust the wages to accommodate the rising costs of living, as required by state laws, while Rhode Island will implement a law signed by the governor in June that raises its minimum wage to $7.75 per hour. Continue Reading...
December 13, 2012

The Poverty Trap in France

In France, more than half of the population benefits directly or indirectly from welfare payments. Not surprisingly, the result has been that that the poverty rate for the past twenty years has remained unchanged. Continue Reading...