Economics

Is Pete Buttigieg Right That Opposing a $15 Minimum Wage ‘Taunts’ God?0
- Economics
- August 1, 2019
Are those who oppose raising the minimum wage to $15 an hour transgressing the Scripture and mocking the Lord God Almighty? One might get that impression from watching Tuesday night’s Democratic presidential debate, when one of the participants explicitly made that argument. The allegation came when South Bend Mayor Pete Buttigieg offered his exegesis of Proverbs 14:31. “[T]he
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$15 Minimum Wage Constricts Hours Worked, as Bernie Sanders Shows 0
- Economics
- July 29, 2019
Seventy-two percent of economists oppose a high $15 minimum wage, because it would wipe out too many jobs and result in employers restricting employees’ work hours too much. Sen. Bernie Sanders, who supports a $15 minimum wage, recently announced he would cut his staffers’ hours in order to afford paying them a $15 minimum wage. Increasing the minimum
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Home Equity Theft: How a Man’s Home Was Seized Over $8.41 in Unpaid Taxes 0
- Economics
- July 24, 2019
For three years, the pair scrimped and saved in order to fix up the four-unit property. On the weekends, Ramouldo would spend his days off making the 11-hour drive from New Jersey to Michigan to work on the house, making the much-needed repairs himself. In addition to the small complex, the family had purchased a
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Bernie Sanders’s Workers Wanted $15 an Hour—So He Cut Their Hours 0
- Economics
- July 23, 2019
On Friday I mentioned the ongoing labor dispute between the workers and management of Bernie Sanders’s presidential campaign. The longtime advocate of raising the federal minimum to $15 an hour is finding that it’s easy to complain about greedy employers until you become the one having to make payroll. Presidential campaigns are labor intensive and require an
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Support for $15 Minimum Wage Plummets When Americans Are Told Its Economic Impact 0
- Economics
- July 19, 2019
Minimum wage laws, I’ve noted, are popular with the public. This no doubt explains why House Democrats passed a bill Thursday that would raise the federal minimum wage to $15 an hour. Yet the minimum wage’s apparent popularity might be political pyrite (fool’s gold). A newly published Business Insider survey found that support for the minimum wage wilts when Americans—both Republicans
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Infernal Inflation: What Goethe’s Devil Can Teach Us About Economics 0
- Economics
- July 17, 2019
Disguised in the form of a fool, the devil visits a young emperor. The unfortunate ruler bemoans his nation’s ragged economy to the archdemon. However, the devil develops a solution: flood the country with paper money. The emperor praises the wise fool, and soon puts the plan into action. This early scene of the fascinating
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