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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
