Labor and Wages

Displaying 11 - 20 of 185

Robots Won't Destroy Us: How Automation Creates Jobs

Labor and WagesCalculation and KnowledgeCapital and Interest TheoryProduction Theory

Blog04/10/2021

The goods created by automation—and the labor freed up by it—become inputs for industries downstream.

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VAWA Balkanizes Rights, Cynically Erasing Male Indians

Labor and WagesPhilosophy and MethodologyPolitical Theory

Blog04/07/2021

Identitarians present a parody of human rights: only approved groups are recognized as victims. Unapproved individuals are lost in the balkanization despite the fact that, in the final analysis, only individuals suffer and cry out for help.

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Why Biden and Krugman Are Wrong about the $15 Minimum Wage

Bureaucracy and RegulationLabor and Wages

Blog02/19/2021

Let's take a sober and even-handed look at what economics and empirical studies have to say about minimum wage hikes. Krugman and Biden claim there's no evidence these hikes affect employment. But they are being misleading. 

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The High Cost of Using the Minimum Wage as a Form of Welfare

Labor and WagesTaxes and SpendingU.S. Economy

Blog02/19/2021

Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum wage is very poorly targeted for these purposes.

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How Not to Argue against the Minimum Wage

Bureaucracy and RegulationLabor and Wages

Blog02/11/2021

There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that’s the "businesses will pass on the costs to consumers" objection.

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Understanding Minimum Wage Mandates: Empirical Studies Aren't Enough

Bureaucracy and RegulationLabor and WagesUnemployment

Blog02/09/2021

It is only through the increase in capital goods, i.e., through the enhancement and the expansion of the infrastructure, that labor can become more productive and earn a higher hourly wage. 

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Germany's Inflation Tax and the Rising Cost of Living

Global EconomyInflationLabor and Wages

Blog02/06/2021

If we take the tax burden and asset price inflation into account, real incomes in Germany aren't doing nearly as well as the official data suggests. 

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Why the Covid Shutdowns of Public Schools Are Driving So Many to Homeschooling

EducationLabor and Wages

Blog01/18/2021

Students have been denied in-person schooling. At the same time, millions of women—many of whom have children—have been thrown out of work. Suddenly, homeschooling became a much more viable and necessary option. 

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New Lockdowns and More Regulations Are Disastrous for US Jobs

Bureaucracy and RegulationLabor and WagesPoverty

Blog12/10/2020

Lockdowns have already pummeled the US labor market, and efforts to increase regulations in the name of "protecting workers" will only make things worse. 

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Why Socialism Won’t End Worker "Exploitation"

Labor and WagesSocialismCapital and Interest Theory

Blog11/03/2020

Economic realities mean the socialist state would need to utilize the same method of discounting wages as capitalists do. The only difference is that under socialism, bureaucrats would do the "exploitation."

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