Biden’s minimum wage proposal will do more harm than good
This article was originally published on Free the People’s blog. Eating cereal with chocolate milk, watching horror movies right before you go to bed, getting back together with your ex for the fourth time—some ideas sound wonderful in theory, but just don’t work when...
How to get your progressive friends to understand the minimum wage
When I teach the Principles of Economics, I often note the relationship between positive analysis and normative judgments. One of my favorite ways to teach this is when we cover the minimum wage. Using Thomas Leonard’s article Eugenics and Economics in the Progressive...
The minimum wage experiment
In a post at Cafe Hayek, Professor Donald Boudreaux answers the question, “Why not regard minimum wages as social experiments? If they succeed, great. If not, they can be undone.” An experiment that disregards empirical evidence There are a number of reasons Professor...
How far does $100 get you in your state?
If a Nebraskan and a Californian each earn $50,000 in a year, which person is richer? If you said “neither,” guess again. The Nebraskan is richer. How is that possible when both people have $50,000? The difference in wealth is caused by the difference in purchasing...
