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  • minimum wage

    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

    Pennsylvania Considers Changes to Profligate Prevailing Wage Laws

    State governments across the nation are looking for ways to tighten their belts in the face of declining tax revenues and growing budget shortfalls. In Pennsylvania, legislators have offered a measure that would, they claim, dramatically reduce the state’s construction costs on public works projects by bringing contractors’ wages in … More

    Minimum Wage Reality in America

    Economist Walter Williams knows that minimum wage laws are hurting poor, African-American teenagers and his new book, “Race and Economics: How Much Can Be Blamed on Discrimination?”, attempts to dispel the myth that higher minimum wage laws help. Simple economics recognizes that if the price of labor increases, employer demand … More

    What Newton Can Remind Us about Good Intentions

    When studying Isaac Newton’s laws of motion in high school, we all learn that every action has a reaction. I was recently reminded of that simple truth of physics at a symposium addressing poverty. Last week, as part of a two-day forum sponsored by The Heritage Foundation at the University … More

    Econ 101: The Minimum Wage Kills Jobs

    Last week, George Mason University economics professor Daniel Klein wrote a Wall Street Journal op-ed summarizing an study he did for Econ Journal Watch: “Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? According to a Zogby International survey that I write about in the … More

    What Raising Minimum Wages Has Meant for Two American Island Territories

    Liberals, and especially unions, frequently claim that raising the minimum wage helps workers and the economy. They contend that if people earn more money through a higher minimum wage, then they will be able to spend more as well, creating more jobs, and making everybody better off as a consequence. … More

    What the HIRE Act Giveth, the Rest of Obama Agenda Taketh Away

    The latest attempt by Congress to wrestle the high unemployment rate is the HIRE Act, which is little more than a tax holiday for companies who hire additional workers. Even if this Act works as intended and encourages businesses to hire more workers, which in and of itself is not … More

    Guest Blogger: Congressman Pete Olson (R-TX) on the Increase in Minimum Wage

    Today, another burden is being placed on America’s small businesses. Effective on this date is the third installment of the increase of the minimum wage that was passed in 2007. Once again, our federal government has provided not a help, but a hindrance to our economic recovery. When the three-phase … More

    Morning Bell: More Job-Killing Regulations Approved by President Obama

    According to the United States Department of Labor, the nation’s unemployment rate has already risen to 9.5%. The Obama administration is predicting that the nation’s unemployment rate will soon rise above 10% and the Federal Reserve predicts unemployment could stay above that 10% mark for sometime. One would think, therefore, … More

    Rising Minimum Wages Cut Employment and Opportunity

    On Friday, the federal minimum wage will increase from $6.55 to $7.25, an increase of almost 10.6%. This increase is the final installment of the minimum wage increase that Congress added to the 2007 Iraq War spending bill. The program will raise the income level of many Americans who are … More