Economics

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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Are We Witnessing the Resurrection of Bitcoin?1
- Economics
- July 12, 2019
Bitcoin is back. The pioneering cryptocurrency has shown clear signs of recovery in the last months, moving from $3,715 in January this year to nearly $12,000 today. This has come as a surprise to those who thought that Bitcoin was slowly but steadily dying out. Earlier this year, Bitcoin’s prospects didn’t look very good.
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Restaurant Chain Announces Bankruptcy, Says Minimum Wage Hikes to Blame 0
- Economics
- July 11, 2019
Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage laws. The company, which has operated since the Lyndon Johnson Administration, said rising labor costs—part of a national trend of government-mandated minimum increases—were part of its decision. One Factor of Bankruptcy
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