Tag Archive: price floors


  • Open Letter, Part 2: Minimum Wage Laws Are Immoral

    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 […]

    Learn More...

  • Open Letter: Minimum Wage Laws Are Immoral

    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 […]

    Learn More...


  • Three Reasons Why a $15 Minimum Wage Is a Bad Idea

    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 […]

    Learn More...

  • Did You Know?

    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 […]

    Learn More...