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April 06, 2015

How Minimum Wage Laws Are Like Geocentrism

Geocentrism was the belief that the sun, the planets, and all the stars revolve around the Earth. The alternative view—heliocentricism—had been around since the 3 BC but was not taken seriously until the 16th century AD. Continue Reading...

March 17, 2015

Will Seattle’s New Minimum Wage Law Cause Restaurants to Be Replaced by Soup Kitchens?

The people of Seattle recently voted to put their poorest residents out of work by increasing the minimum wage to $15 over the next seven years. But wealthier residents may soon find out just how quickly it will affect them too. Continue Reading...

February 10, 2015

Mike Rowe on the minimum wage: There’s no such thing as a ‘bad job’

In the latest addition to Mike Rowe’s growing catalog of pointed Facebook responses, the former Dirty Jobs host tackles a question on the minimum wage, answering a man named “Darrell Paul,” who asks: The federal minimum wage is $7.25 and hour. Continue Reading...

January 05, 2015

Increase Minimum Wage Or Increase Employment?

One holdover from 2014 into the new year is the cry for an increase in the minimum wage. President Obama pledged (in a December 2014 speech) to bump the minimum wage up to $9/hour nationally. Continue Reading...

November 13, 2014

In Michigan, Raising The Minimum Wage Hurts The Most Vulnerable

If you’re blessed, your job is more than just a paycheck. It’s a structure for your life, it’s a place of friendship and camaraderie, and a sense of purpose. At least, it was for Stacy Osborn. Continue Reading...

October 27, 2014

What’s the Right Minimum Wage?

What’s the perfect minimum wage? $10 an hour? $20? $50? Economist David Henderson explains why it should be “zero.” As Henderson explains, when the state mandates a minimum wage (or an increase), it makes harder for unemployed people to find work and forces business owners to cut the hours of lower-skilled employees. Continue Reading...

October 17, 2014

Socialists Love Everything About $20 Minimum Wages (Except Paying Such Wages Themselves)

There’s something almost charming about people in American who champion socialism. Yes, their economic views are naive and destructive. And yes most people (though especially the poor) would be much worse off if their vision for “progress” was actually implemented. Continue Reading...

May 22, 2014

Audio: Sirico on The Pope and Economics; Gregg on Minimum Wage

A couple of interviews to bring you up to speed on from that last couple of days: First of all, here’s Acton Director of Research Samuel Gregg on the GRN Alive morning show on the Guadalupe Radio Network this morning to discuss current efforts to raise the federal minimum wage, giving his analysis on the likely impact of such a move on the economy and the job market. Continue Reading...

May 16, 2014

Why We Should Oppose Both Skynet and Minimum Wage Increases

I oppose implementing Skynet and increasing minimum wage laws for the same reason: to forestall the robots. It’s probably inevitable that a T-1000 will return from the future to terminate John Connor. Continue Reading...

February 24, 2014

Why You Shouldn’t Support Both Amnesty and Minimum Wage Increases

People face tradeoffs. To get one thing that we like, we usually have to give up another thing that we like. That principle is one of the most basic in economics — and yet the most frequently ignored when it comes to public policy. Continue Reading...

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