Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

Search results for "minimum wage"
April 23, 2021

The fallacy of capitalism’s ‘race to the bottom’

The Biden administration proposes a global minimum tax on corporations to end the “global race to the bottom.” Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty. Continue Reading...
March 19, 2021

Jordan Peterson on the universal basic income

As we enter a new age of automation and artificial intelligence, fears about job loss and human obsolescence are troubling the cultural imagination. Prosperity abounds, but innovators like Elon Musk and Bill Gates continue to predict a future where humans steadily diminish in their contributions, becoming ever more dependent on external sources of provision. Continue Reading...
March 28, 2019

Explainer: Republican lawmakers unveil paid family leave plan

What just happened? Senator Marco Rubio (R-Florida) and Rep. Ann Wagner (R-Missouri) re-introduced a bill yesterday (slightly modified from one from last year) that would allow parents to use their Social Security benefits to provide paid parental leave benefits following the birth or adoption of a child. Continue Reading...