Labor and Wages

Displaying 21 - 30 of 199

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.

Read More

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.

Read More

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. 

Read More

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. 

Read More

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. 

Read More

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. 

Read More

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."

Read More

Furloughed Jobs Disguise the Eurozone Employment Crisis

Bureaucracy and RegulationLabor and Wages

Blog10/20/2020

Eurozone unemployment would be close to 11 percent if we used the same calculation as the United States.

Read More

If the US Adopts Eurozone Policies, the Jobs Recovery Will Suffer

Labor and WagesTaxes and Spending

Blog09/28/2020

The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation.

Read More

The Global Jobless Recovery

Global EconomyLabor and Wages

Blog08/22/2020

So far, the United States is leading Europe in employment improvement, but the full recovery is extremely far away.

Read More