“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.” — Adam Smith
Early proponents of the minimum wage advocated it not in spite of, but for its deleterious effects on minority populations.
“We’re going to need to see your birth certificate,” the manager said, making a notation on my employment application, “But you’re hired. Show up a 10 a.m. on Thursday for training.” I was too young and dumb to realize he was calling my bluff. I had to be 16 to take the job and I […]
The introduction of low-skilled immigrants frees up time for native workers to improve their skills and move on to higher paying jobs. This is a desirable economic development from the migrant, as well as the native, laborers perspective.