Economics

How the Minimum Wage Affected Workers During (and After) the Great Recession 0
- Economics
- April 3, 2019
The law of demand is one of the most fundamental concepts of economics. This law states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. Most of the time this is too obvious to mention. Yet people seem to think we can suspend
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Does Equal Pay Day Promote Myths About Women’s Pay?0
- Economics
- April 2, 2019
Today is Equal Pay Day. That means it’s time for people to peddle myths about what women are paid for doing the same job as a man. Many of those who promote Equal Pay Day cite a misleading statistic that the average woman makes 20% less than the average man. But this statistic compares women
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A Government Guide to Keeping Insulin Unaffordable: 3 Easy Steps to Hogtie a Market 0
- Economics
- March 26, 2019
If you’ve heard anything about insulin lately, it’s probably been palpable outrage over soaring prescription prices or dubious optimism about Eli Lilly’s recent release of its new version that, at half the price, will cost an arm or a leg but not both. Amid this cesspool of indignant commentary, you’re likely to hear one of
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The Pitfalls of Ethnic Pay Gaps 0
- Economics
- March 19, 2019
British Prime Minister Theresa May is obsessed with measuring pay gaps between social groups. She championed the requirement for companies with more than 250 workers to measure the so-called “gender pay gap.” Now she wishes companies to measure the “ethnic pay gap.” Yet these measurements, hailed by champions of intersectional theory, produce deceptive statistics that
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The Rosetta Stone’s Hidden Lesson on Taxes and Special Interests 0
- Economics
- March 19, 2019
Tax season is a good time to remind us that the history of taxes tells the story of whole civilizations. What is taxed, and how much is it taxed, tells us what the rulers valued. What was exempt tells us who had the political pull to be excluded. It is no different today. If you’re
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Single-Payer Healthcare Topples Nordic Government 0
- Economics
- March 18, 2019
Failure to reform the national health system has led the government to collapse in one of the most statist governments following the Nordic model. Prime Minister Juha Sipilä of Finland and his cabinet members have resigned after failing to rein in the nation’s health care costs and provide greater competition. This comes as reports show private citizens in
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