by Dan Mitchell | Oct 4, 2018 | Big Government, Blogs
I want higher wages. Indeed, that’s a big reason why I favor better tax policy. I want low rates and less double taxation so we get more entrepreneurship and investment, which then will lead to higher productivity and more compensation for workers. With this in mind,...
by Dan Mitchell | Jun 27, 2017 | Blogs, Economics
When I debate my leftist friends on the minimum wage, it’s often a strange experience. When other people are listening or watching, they’ll adopt a very extreme position and basically claim that politicians have the power to dramatically boost take-home pay by simply...
by Dan Mitchell | Apr 5, 2017 | Blogs, Economics, Minimum Wage
The real world is like a cold shower for our friends on the left. Everywhere they look, there is evidence that jurisdictions with free markets and small government outperform places with big welfare states and lots of intervention. That’s true when comparing nations....
by Dan Mitchell | Aug 25, 2016 | Blogs, Economics
While economists are famous for their disagreements (and their incompetent forecasts), there is universal consensus in the profession that demand curves slope downward. That may be meaningless jargon to non-economists, but it simply means that people buy less of...
by Dan Mitchell | Dec 17, 2015 | Blogs, Economics, Minimum Wage
As you can see from this interview, I get rather frustrated by the minimum wage debate. I’m baffled that some people don’t realize that jobs won’t be created unless it’s profitable to create them. You would think the negative effects of a higher minimum wage in...
