Minimum wage supporters tend to observe the direct and immediate consequences of their idea, but they do not bother to think through the indirect and longer-term consequences.
Besides boosting their incomes merely $520 a year, minimum-wage employees also have had to take on second jobs to make up for losing hours due to artificially inflated wage costs.
We understand it would be wrong to let politicians interfere with our freedom to trade with our local grocery store. The same argument applies when looking at international trade.
You might grumble at having to pay high prices. But shortages turn disaster areas into looting zones as otherwise law-abiding citizens become desperate for essential supplies.
Sowell’s calm and calculated look at racial disparity in America is a stunning work of brevity and reason.
Jean-Claude Juncker reportedly told Donald Trump, ‘If you want to be stupid, I can be stupid, as well.’ This is a perfect summary of a trade war.
Eventually, the world-renowned restaurant life in cities like New York, DC, and San Francisco will die. The only survivors will be fast-casual chains with low overhead and deep pockets.
It seems almost embarrassing to have to rehearse the case for free trade, but Donald Trump is determined to make us learn it all over again, the hard way.
Voters do like the idea of ‘protections for people with pre-existing conditions’ in the abstract. But when pressed, they express significant qualms about the trade-offs.
Joy Pullmann interviews author and work-life-balance expert Laura Vanderkam about how we can manage time and change the mindset of how “busy” we are.
In Andrew Puzder’s new book, ‘The Capitalist Comeback,’ the CEO and Trump’s former labor secretary nominee makes a compelling economic case for the benefits of fewer regulations and limited government.
The ‘patriarchy’ artificially silos work hours into the industrial-age 9-5 with mandated benefits. A new article illuminates how this keeps women unhappy and economically scrambling.
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