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  • minimum wage

    Raising the Minimum Wage Would Hurt the People It's Supposed to Help

    Hike the minimum wage. For politicians trying to show their concern for those on the lower rungs of the economic ladder, it’s a simple solution. It’s catching on again, with several states and municipalities approving local hikes, and a proposal before Congress to hike it by an unprecedented amount, from … More

    What Obama Got Right and What He Got Wrong on Economic Mobility

    When it comes to economic mobility, the President often starts out by making some statements that Republicans and Democrats have always agreed on, such as: While we don’t promise equal outcomes, we have strived to deliver equal opportunity—the idea that success doesn’t depend on being born into wealth or privilege, … More

    We Bet You Haven't Heard This About Obamacare

    Another push is underway to raise the minimum wage. But what you probably haven’t heard is that Obamacare has already done that. The plan on the table in Congress would raise the federal minimum wage above $10 an hour (which is higher than all existing state rates). Obamacare’s mandate on … More

    Congress Has Already Raised the Minimum Wage Above $10

    Congress will soon vote on raising the federal minimum wage to over $10 per hour. Few realize that, from the perspective of many employers, the government has already done this. The Obamacare employer penalty will add thousands of dollars to hiring costs in 2015. Coupled with existing minimum wages and … More

    The Road to a $12.50/Hour Minimum Wage in D.C. Is Paved with Good Intentions

    If only the D.C. city council understood good intentions do not ensure good results. Council members are debating four different proposals to raise the city’s minimum wage from $8.25 per hour ($1 above the federal minimum) to between $10.25 and $12.50 per hour. Proponents of the legislation want to help … More

    Extra! Extra! D.C. City Council Submits to Reality

    “My Administration has worked tirelessly to create jobs, help our residents obtain, employment, and escape poverty. It is because of these very commitments, in fact, that I feel compelled to veto the bill.” —Washington, D.C., Mayor Vincent Gray on the Large Retail Accountability Act In a surprising turn, a Democratic … More

    Occupy Wall Street Occupies the White House

    The Occupy Wall Street Movement may be dead as a doornail, but its spirit is alive and well in the White House. Only a few minutes into his umpteenth major pivot to the economy, the President went after the target of the occupiers’ once seething animosity: the reviled 1 percent. … More

    Wal-Mart and D.C.’s Minimum Wage Increases

    The D.C. city council recently approved legislation raising hourly minimum wages in retail stores to $12.50 an hour under the Large Retail Accountability Act (LRAA). On the surface, it looks like the bill would simply create a very high minimum wage. However, a closer look shows the LRAA targets a … More

    Cloakroom: Going for Broke on Amnesty

    Senate Cloakroom: June 24–28 Analysis: Senate Majority Leader Harry Reid (D-NV) is looking to make good on his promise to pass an amnesty bill through the Senate before the chamber adjourns for its week-long Fourth of July recess. On Monday at 5:30 p.m., the chamber is expected to vote on … More

    Social Security Benefits and Cost of Living: Protecting Against Inflation

    Adopting the chained CPI (Consumer Price Index) in Social Security to more accurately account for changes in the cost of living is a small first step toward fixing a broken program that is currently accelerating its own demise by paying excess benefits. Fifty-seven million Americans receive Social Security benefits, and … More