A job seeker may not have the skill set that is worth $7/hour minimum wage. The minimum wage law keeps that individual from being employed. Yet, that person might have been happy making half that in order to gain entry skills and later improve his salary. Markets can meet the supply of jobs and the demand for jobs perfectly when the arrangement
Advertising must be defended by those who believe in freedom of speech — for that is all advertising is, writes Walter Block. This audio Mises Daily is narrated by Jeff Riggenbach.
The case of Terri Schiavo is almost as controversial as it is tragic. In 1990 Mrs. Schiavo, who reached her 40th year in 2005, fell victim to brain damage. She has been in a vegetative state ever since, kept alive not under her own power, but aided by a welter of feeding tubes and other paraphernalia of modern medicine. The controversy? Her
[ Mises Daily , March 9, 2004] With the economics of employment and unemployment constantly discussed on the business pages and political campaigns, let us turn our attention toward fundamentals and root out some fallacies. If the media tell us that “the opening of XYZ mill has created 1,000 new Jobs,” we give a cheer. When the ABC company closes
[ The Case for Discrimination • By Walter Block • Ludwig von Mises Institute, 2010 • xi + 497 pages] In the days of yore, to say that a man was discriminating was to pay him a compliment. It meant that he had taste: he could distinguish between the poor, the mediocre, the good, and the excellent. His ability to make fine distinctions enabled him
Con la economía del empleo y el desempleo constantemente discutida en las páginas de economía y las campañas políticas, dediquemos nuestra atención a los fundamentos y a extirpar algunas falacias. Si los medios de comunicación nos dicen que «la inauguración de la fábrica XYZ ha creado 1.000 nuevos empleos», nos alegramos. Cuando la empresa ABC
[ The Case for Discrimination • By Walter Block • Ludwig von Mises Institute, 2010 • xi + 497 pages] Antaño decir que un hombre estaba discriminando era una felicitación. Significaba que tenía gusto: podía distinguir entre lo pobre, lo mediocre, lo bueno y lo excelente: su capacidad para hacer finas distinciones le permitía llevar una vida mejor
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