Labor and Wages

Displaying 61 - 70 of 242

South Korea’s Neo-Mercantilist Growth Engine Has Stalled

Bureaucracy and RegulationCronyism and CorporatismLabor and WagesWorld History

Blog02/04/2020

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

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California's Anti-Self-Employment Law Is Already Crushing Freelancers

Big GovernmentBureaucracy and RegulationLabor and Wages

Blog01/18/2020

State lawmakers possess an infinite source of good intentions. Wielding the power of this limitless benevolence and munificence, politicians are regulating the lives of citizens while eviscerating their existence in the process.

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Conservatives Are Increasingly Wrong about Market Freedom

Cronyism and CorporatismLabor and WagesMedia and CultureU.S. History

Blog01/10/2020

The conservative case against market freedom is based on the belief that if change disrupts the status quo in any way, or if companies impose cost reductions that result in a shifting of employment — or even some layoffs — then government should step in and take control.

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Henry Ford Did More for Workers than Unions Did

Labor and Wages

Blog01/06/2020

Henry Ford's factories had a hard time keeping workers because the work was monotonous. So Ford helped keep workers around through reduced hours, vacation time, and other benefits that are now considered typical.

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Why the Minimum Wage Is so Bad for Young Workers

Labor and Wages

Blog01/02/2020

Studies have shown that the amount of money paid in the low-wage labor market declined overall as a result of minimum wage hikes.

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Three Ways to Increase Workers' Wages

Labor and Wages

Blog01/01/2020

Many hourly employees in every state are paid higher than they are legally required to be, not because employers are generous, but because of worker productivity and competition over scarce labor.

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Three Arguments Debunking Marx’s Labor Theory of Value

Labor and WagesSocialismOther Schools of Thought

Blog12/21/2019

As dismissive as many of us would like to be toward Marx’s thoroughly debunked labor theory of value, it still holds currency among today’s budding socialists.

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How Unions Reduce Real Wages

Labor and WagesMonopoly and Competition

Blog12/17/2019

The actual policies that labor unions have systematically followed from the beginning of their existence have in fact reduced the real wages of the workers as a whole below what they would otherwise have been.

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When the Communists Abolished the Weekend

Labor and WagesWorld History

Blog12/09/2019

By abolishing the weekend, the Soviets were in one move able to strike a blow against both families and religious institutions. All that was left was the state — and state-mandated labor.

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Ocasio-Cortez is Wrong: We're Not Working 80-Hour Weeks Now

Labor and Wages

Blog11/07/2019

Some politicians are sure that even average Americans are working more grueling hours than ever. On average we have more leisure time than ever now, and working hours are down over the past 20 years.

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