minimum wage

The Minimum-Wage For Volunteering is $0.00

Fantastic points in this column. Definitely worth reading. A Modest Proposal to Ban Volunteering – Reason.com: “But if we are serious about addressing economic inequality and restoring social justice, then a minimum wage increase should be just the start. We…

Henderson On The Wages and Blame

Brilliant explanation. Definitely click through, it’s brief and perfect. Blaming the Person Offering you the Best Deal, David Henderson -EconLog: I saw a woman on Stossel tonight who works for McDonald’s. She said she was paid $8 an hour, but…

Minimum Wage Revisited

I post about the govt.-enforced minimum-wage laws here often. They are a particular pet-peeve of mine, and they are  near perfect lesson in the differences between intentions and results. So let ‘s look again. Yesterday’s WSJ offered a nice treat.…

Two Quick Questions To Ponder …

1. If companies/corporations can simply get rich by being greedy, “gouging”, and otherwise scr*wing customers. Why does any company/corporation ever go out of business? 2. If minimum-wage laws are necessary to prevent employers from paying less than that, why does…

Are Volunteers Exploited?

This great cartoon makes me wonder. If we believe that those making a low wage are being exploited, what should we think of volunteers? What about students doing an unpaid internship? (pic via Bastiat Institute) As an aside, I wonder…

GREAT Point On The Minimum-Wage

I wonder how many politicians who have supported a legal minimum-wage over the years, have had their own unpaid interns. Drs. Caplan & Carden knock this one out of the park. 1. If the minimum wage is a good idea,…

Walter Williams on The Minimum Wage

A legislated minimum-wage fails all three components of the litmus test. Is it Constitutional at the Federal level? No. Is it good economic policy? No. Is it moral to legally prevent two parties from agreeing to mutually-beneficial voluntary exchange? No.…