Tag: labor market
Minimum wage laws deny low-skilled workers their autonomy
March 20, 2023 | Post
Do minimum wage laws help low-skilled workers? No. Workers are thrown out of work if they cannot produce more than the minimum wage stipulates. If the minimum wage is $15/hour and a worker can only produce $13/hour worth of goods, they will not be hired since no profit-seeking employer would employ someone at a loss.
How to get your progressive friends to understand the minimum wage
December 16, 2016 | Post
Early proponents of the minimum wage advocated it not in spite of, but for its deleterious effects on minority populations.
Why Refugees Find Jobs Faster in the U.S. Than Germany
October 12, 2016 | Post
U.S. policymakers cannot base their estimates of how refugees will impact the labor market on the situation in Germany. Labor market institutions in the United States are better equipped to handle an influx of new workers.