Governor Bradford recorded in his diary that everybody was happy to claim their equal share of production, but production only shrank. Slackers showed up late for work in the fields, and the hard workers resented it. It’s called “human nature.” …
Category: Cost of labor
Bernie Sanders Gets a Lesson in What a $15 Minimum Wage Would Mean – Reason.com
“…it’s telling to see how Sanders’ campaign responded to the allegation that the Vermont socialist is not putting his money where his mouth is. In a statement, Shakir stressed that Sanders’ campaign “offers wages and benefits competitive with other campaigns, …
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Sorry, Bernie Sanders, but Disney Doesn’t Have To Apologize for Making $1.3 Billion with Avengers: Endgame – Reason.com
“More importantly, if you care about improving the quality of life and living standards over time, the essential question is always about creating broad-based, sustainable economic growth. What are the conditions that are most likely to help the economy get …
An Inquiry into the Nature and Causes of the Wealth of Sweden: A Path from Poverty to Prosperity
“Without economic growth, there is no wealth to share.” Johan Norberg Lessons for America? Welcome to another edition of Friday’s Philosophical Foray beyond Healthcare! One of the most important history lessons in the power of economic freedom to alleviate poverty …
The Grumpy Economist: Volalitily, now the whole thing
WONK ALERT! And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute. Here’s a sneak preview: What’s causing the big drop in …
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More and More Evidence that Higher Minimum Wages Mean Fewer Jobs and Less Opportunity | International Liberty
No matter how often new research is produced showing that low-skilled workers are hurt when politicians cut off the bottom rungs of the economic ladder, politicians persist in pushing for bad policy. Many state already have increased minimum wages, and the “Fight for $15” crowd …
Watch “Jordan Peterson, Ben Shapiro, Eric Weinstein, and Dave Rubin LIVE!” on YouTube
One of the most fascinating discussions I’ve ever heard about socio-economic & socio-political issues. Proof that honest discussions, which generate better understanding, can happen when we view different opinions as coming from different vantage points rather than as “the opposition.”
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Free Market Cures for Wage Stagnation – Young Voices Advocates
Another explanation for stagnant wages is increasing market power for a dwindling number of corporations: the fewer corporations there are competing for labor, the more able they will be to negotiate down wages. In the book “The Captured Economy,” Niskanen …
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