Tag Archives: minimum

Minimum wage study shows it’s harmful, with real world evidence and results in Seattle WA

http://www.foxnews.com/politics/2017/06/29/seattle-commissions-new-minimum-wage-study-after-dismissing-first-results.html Seattle commissions new minimum-wage study after dismissing first results By Dan Springer Published June 29, 2017 When a University of Washington study came out this week showing Seattle’s minimum wage has cost 5,000 jobs and is hurting low income … Continue reading

Posted in minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

What is Minimum Wage: Its History and Effects on the Economy

  http://www.heritage.org/testimony/what-minimum-wage-its-history-and-effects-the-economy What is Minimum Wage: Its History and Effects on the Economy June 26, 2013 31 min read James Sherk @JamesBSherk Research Fellow, Labor Economics As research fellow in labor economics at The Heritage Foundation, James Sherk researches ways … Continue reading

Posted in minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

More real world evidence that minimum wages harm people – Seattle WA

Those who think higher minimum wages solve problems are mistaken, as it’s contrary to a common sense economic principle.  The higher the price of a good or service, the less affordable it becomes, and thus, the less of it is … Continue reading

Posted in culture and cycle of dependency, minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , | Leave a comment

What happens if Puerto Rico increases the minimum wage? What are the consequences? More poverty, more unemployment

A well-meaning, but misguided reader suggests that minimum wages protect employees and employers. “The minimum wage was established to protect both the employees and employers from taken advantage of the other. When it is too high cost of living and … Continue reading

Posted in minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , | 1 Comment

What Puerto Rico Can Teach Us About the Minimum Wage

Minimum wages are contrary to free and fair markets.  If an unskilled person is not worth what an employer is forced to pay through unjust minimum wage laws, the employer will instead choose more automation or choose to not employ … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, minimum wage laws are harmful to society, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Minimum wage laws harm the poor, not just in Puerto Rico, but all around the world

Minimum wage laws are short-sighted and harmful – especially to the young, poor, unskilled, and uneducated. There should be NO minimum wage laws, and no minimum wage. The free market should set wages. If someone’s skills have a value of, … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, minimum wage laws are harmful to society | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment