Tag: price floors
What happens when you raise the minimum wage?
November 13, 2016 | Post
California’s minimum wage is set to rise to $15 an hour by 2022.
Open Letter, Part 2: Minimum Wage Laws Are Immoral
May 20, 2016 | Post
Editor’s Note: This is part 2 of an open letter from Prof. Howard Baetjer to a friend who commented on one of his Facebook posts about minimum wage laws. You can view part 1 here.Baetjer and his friend, Adam, look at the minimum wage issue from very different perspectives, so Baetjer wrote an open letter. […]
Open Letter: Minimum Wage Laws Are Immoral
May 3, 2016 | Post
Editor’s Note: This is an open letter from Prof. Howard Baetjer to a friend who commented on one of his Facebook posts about minimum wage laws. Baetjer and his friend, Adam, look at the minimum wage issue from very different perspectives, so Baetjer wrote an open letter. What do you think about the issue? Check […]
California’s Massive Minimum Wage Hike to Benefit Rich Coastal Cities at Expense of Inland Regions
April 7, 2016 | Post
Yesterday, California Governor Jerry Brown and the state legislature agreed to a plan to raise the minimum wage to $15 per hour across the state by 2022 in order to gradually increase the earnings of 6.5 million Californians. Regarding the proposal, Brown said: This plan raises the minimum wage in a careful and responsible […]
Three Reasons Why a $15 Minimum Wage Is a Bad Idea
January 14, 2016 | Post
Is a $15 minimum wage a free lunch? George Mason University Professor Don Boudreaux says no. In the brand new video below, he points out that minimum wage hikes may sound good in on their face, but in reality they result in job loss because they increase the cost of labor, making low-skilled employees more […]
Did You Know?
November 26, 2015 | Post
Did you know that selling milk for less than the government’s imposed price floor could land you in jail? Prison time isn’t the only drawback of minimum prices for milk. Prices are the miraculous mechanism by which complex market information about supply and demand are communicated throughout the economy. When government policies artificially raise or […]