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Belgium Must Be Hopeless if Politicians from Brussels Are Criticizing Germany for Being too Capitalistic
I’m not a big fan of the German government. Angela Merkel has a disturbing desire to impose fiscal and political union on the European continent. And even the supposedly free… Read more
Minimum Wage, Maximum Foolishness
Should the federal government make life more difficult for low-skilled workers? I hope everyone will emphatically say “NO!” Heck, most people understandably will think you’re crazy for even asking such… Read more
With Unemployment Already High, Why Are Leftists Pushing for an Increase in the Minimum Wage?
The unemployment rate has been stuck above 8 percent ever since Obama pushed through his ill-fated stimulus scheme to increase the burden of government spending. This high level of joblessness… Read more
Funny…but Sad…Look at How the Minimum Wage Destroys Opportunity
My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to… Read more
Policies that Disproportionately Hurt Blacks Are Bad, even if They Are Unintentionally Racist
Professor Walter Williams comments on new research showing how the minimum wage is hurting African-American employment. Last week, two labor economists, Professors William Even (Miami University of Ohio) and David… Read more
Free Labor For Me, But Not For Thee
Government bureaucrats think it is their business to prevent individuals from entering voluntary contracts with companies or organizations if the level of compensation does not meet some arbitrary threshold. Congress… Read more
Bush, Pelosi, and Reid Deserve Scorn for Destroying Jobs for Teenagers
Anybody with an IQ above room temperature understands that companies only hire workers when they expect to generate net revenue (i.e., the total receipts associated with a new worker are… Read more
Latest Economics 101 Video Tackles Minimum Wage
Our latest Econ 101 video is a must watch. If you haven’t seen it yet, Orphe Divounguy succinctly explains the role of minimum wage laws in creating unemployment in this… Read more
How Unions Screw Poor People Out of Jobs
Ever wonder why unions care so much about the minimum wage when almost all union members get paid above that level? The answer is simply, but sleazy. As Walter Williams… Read more
