Topic: Minimum Wage

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5 best books by 2012 presidential hopefuls

Here are the 5 books by 2012 presidential hopefuls that we like the best – and why.
In Pictures: Gabrielle Giffords, political survivor
Tea Party Top 10 biggest winners and losers

The emergence of the tea party movement is arguably the most dynamic element of the 2010 midterm elections. Many 'tea party' candidates won the backing of former Alaska governor Sarah Palin – but also earned the disdain of the Republican establishment. In the end, which candidates with tea party support won, who lost, and what's next?

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As Santorum fades, Mitt Romney attacks Obama for flip-flopping (+video)

Mitt Romney now leads Rick Santorum in his home state of Pennsylvania, a new poll shows. And Romney is accusing Obama of flip-flopping on issues.
Stefan Karlsson
Does higher minimum wage increase unemployment?

Some say that as unemployment falls, the quality of available workers diminishes, which droves down wages. Is it true?
On the Economy
It's time to raise minimum wage again

If the national minimum wage isn't raised again soon, it will only increase the growing problem of wage inequality.
Minimum wage milestone: Why Washington State surpassed $9 an hour

Minimum wage laws raised the wage floor in eight states as of Jan. 1. Washington now tops all states, at $9.04 an hour. Economic effects of raising the minimum wage are in hot dispute.
Minimum wage tops $10 an hour in San Francisco

Minimum wage of $10.24 took effect with new year. San Francisco has highest minimum wage in the nation.
For some making minimum wage, the new year holds modest promise

For middle-class workers, the new year could mean the loss of the payroll tax cut. But for workers far down the pay scale, a Jan. 1 rise in the minimum wage in eight states offers some hope.
Black Friday 2011: Consumers aren't lacking in confidence. They lack cash.

Black Friday 2011 deals are here but economists say consumers are hesitant. The problem isn't psychological; it's financial. Seventy percent of the economy depends on consumer spending, but 80 percent of families are experiencing declining wages. Raising the minimum wage would help.
Letters to the Editor – Weekly Issue of October 31, 2011

Readers write in with ideas on job creation.
5 best books by 2012 presidential hopefuls

Here are the 5 books by 2012 presidential hopefuls that we like the best – and why.
Robert Reich
Governors can create jobs: lousy ones

Rick Perry's Texas leads the nation in job growth, but the wages for those jobs are far below the national median
In Pictures: Gabrielle Giffords, political survivor
On the Economy
Is immigration behind wage, income inequality? Not so much.

Globalization, technology, union decline, and other factors have caused rich to get rich and poor to get poorer. Immigration plays only a small role.
The Circle Bastiat
Labor vs. capital spending

With minimum wage in place, the federal government keeps the cost of labor high, while the private sector keeps the price of goods low
The Circle Bastiat
Unpaid internships: Who wins, who loses?

Unpaid internships can teach valuable jobs skills to young people who wouldn't get them otherwise – but people who can afford to take unpaid internships may already be well-off.
The Circle Bastiat
Do we really need a minimum wage?

If minimum wage were eliminated, the only jobs that would be affected would be ones that overpay unskilled workers
Why many Venezuelans scoff at Chávez's minimum wage hike

President Hugo Chávez said he will raise the minimum wage by 26.5 percent in increments starting May 1, but that doesn't keep pace with annual inflation projected at 30 percent.
Bolivia's Morales scrambles to stem crisis over massive fuel price hike

President Evo Morales's decision to cut fuel subsidies has led to repeated protests, most recently today, by poor Bolivians who make up his political base.
Tea Party Top 10 biggest winners and losers

The emergence of the tea party movement is arguably the most dynamic element of the 2010 midterm elections. Many 'tea party' candidates won the backing of former Alaska governor Sarah Palin – but also earned the disdain of the Republican establishment. In the end, which candidates with tea party support won, who lost, and what's next?
The Adam Smith Institute Blog
When minimum wage hurts the poor: a case study from South Africa

South Africa's unemployment crisis is worsened when companies can't afford to pay the artificially high minimum wage.
The Circle Bastiat
Minimum wage: Why do economists care so much?

Minimum wage discussions highlight the contrast between conventional wisdom and the economic way of thinking.
The Circle Bastiat
Bathroom scales don't lie. Neither does market economics.

Free-market economics tells the value of things, despite politicians' efforts to tip the scales.
The Circle Bastiat
Why entrepreneurs are the real victims of the recession

Heavy handed economic reforms like raising the minimum wage keep entrepreneurs from pursuing projects that would lift the economy.
The Adam Smith Institute Blog
The dangers of raising the minimum wage

Raising the minimum wage during a recession could lead to increased unemployment, especially for low wage, unskilled workers.
The Circle Bastiat
Should we be upbeat on unemployment?

The April jobs report was described as "upbeat," with the reported 290,000 positive job gain the best in four years.
Growthology
Three myths about unemployment

The media and politicians sometimes cloud the reality about jobs, unemployment, and the recession. Here's the real deal.