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  • minimum wage

    Raising the Minimum Wage to $9 Would Harm Most Vulnerable Job Seekers

    President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help. When the price of something rises, people—both consumers and employers—purchase less of it. Americans responded to the higher cost of gas by driving less. Businesses similarly respond … More

    Cloakroom: Battle of the Budgets, Round 1

    House Cloakroom: March 11 – March 15 Analysis:  This week House Budget Chairman Paul Ryan (R-WI) will release his 2014 budget resolution for markup in committee. The Ryan budget is expected offer a path to balance in 10 years and include a full repeal of Obamacare as well as a … More

    Morning Bell: Busting 5 Myths About the Minimum Wage

    When someone says “minimum wage,” what comes to mind? Do you think of teenagers flipping burgers? Or a single parent trying to feed several kids? While President Obama and other proponents of a higher minimum wage want you to visualize that single parent, the truth is that a burger-flipping teenager … More

    Minimum Wage Benefits Suburban Teenagers, Not Single Parents

    President Obama argued in his State of the Union address that “no one who works full-time should have to live in poverty.” That is a noble goal, but it has little to do with the minimum wage rate. Only 2.9 percent of U.S. employees work for the federal minimum wage … More

    A Simple and Wrong Answer to Poverty: Increasing the Minimum Wage

    During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not work. Labor economists have repeatedly studied the effects of minimum wage increases. They find no correlation between higher minimum wages and lower poverty. Raising the … More

    Government Makes It More Difficult for First-Time Job Seekers

    Last week, the U.S. Department of Labor released its Employment and Unemployment Among Youth—Summer 2012 report. While many youths (ages 16-24) found a summer job this year, many did not even try. Fully 39.5 percent of the youth population neither worked nor looked for work this summer. This number has … More

    Raising the Minimum Wage Hurts Low-Income Workers

    Should we raise the minimum wage? The editors at Bloomberg think so. They maintain that low-wage jobs are expanding and that a minimum wage hike would boost the economy. Despite these notions, hiking the minimum wage remains a bad idea. Bloomberg first laments that low-wage jobs are becoming the norm: … More

    Harvard Students Channel 'Occupy' Movement, Protest Economics Class

    Protests that began on Wall Street and spread to cities across America have now reached the pristine halls of Harvard. That’s right, the country’s oldest university is experiencing walkouts by students sympathizing with the “Occupy” movement. The source of their frustration: Students don’t like the content presented in an introductory … More

    Top 10 Reads: Sept. 28, 2011

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Sorting out the Postal Service’s future – Rep. Darrell Issa, The Washington Times Minimum Wage – Another Example of Good Intentions Gone Wrong – James Sherk, FoxNews.com Pakistan must pay … More

    Liberals Laud Alan Krueger's Fatally Flawed Minimum Wage Study

    Alan Krueger, President Obama’s nominee as chair of the White House Council on Economic Advisors, received accolades from liberals yesterday for his stances on a number of major economic issues, including his support for a cap and trade regime, and value added tax, and the Cash for Clunkers program. But … More