Economics

$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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What If Charity Replaced Taxation?0
- Economics
- July 16, 2019
Health care. Education. Among others, these goods have been considered so important that most current governments make a huge effort to provide them to people with inadequate incomes. Surely, it would be crazy to deny how important these goods are. In a 2016 survey conducted by Indiana University-Purdue University Indianapolis (IUPUI) titled “The 2016 US
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