by Dan Mitchell | Jun 5, 2020 | Blogs, Economics
Yesterday, I shared some research showing how misguided redistribution policies lead to high implicit marginal tax rates that discourage work. Then I was interviewed about a very tangible example of this phenomenon – jobless benefits that give people more money than...
by Dan Mitchell | Apr 23, 2020 | Blogs, Economics
Remember the “jobless recovery” of the Obama years? Part of the problem was that President Obama kept extending unemployment benefits, which subsidized joblessness, as even Paul Krugman and Larry Summers had warned. The good news was that Congress eventually said no...
by Dan Mitchell | Feb 8, 2020 | Blogs, Economics
There’s endless “spin” in over-politicized and self-serving Washington, with Democrats and Republicans both trying to convince people why any particular bit of economic data is either wonderful news or horrible news. Since I care about policy rather than politics, I...
by Dan Mitchell | Jan 4, 2020 | Blogs, Economics, Minimum Wage
As I discuss in this recent interview, a higher minimum wage is a terrible idea if we care about facts and evidence (and also want to help poor people). In the interview, I mentioned that minimum wage mandates aren’t good news for workers who lose their jobs. One of...
by Dan Mitchell | May 30, 2019 | Blogs, Economics, Minimum Wage
A couple of years ago, I praised federalism in part because state and local governments would be less likely to adopt bad policy (such as higher minimum wages) if they understood that jobs and investment could simply migrate to jurisdictions that didn’t adopt bad...
