Minimum wage Archives

Bernie Sanders and the real life lessons of Socialism

In his zeal to seek a presidency that will promote socialism, Democrat Sanders has provided one of the greatest examples of socialism in action.s

Flippy the robotic burger-flipper vs. the $15 union worker

Robotic workers do not possess emotions and therefore are not inclined to cop an attitude when it comes to work assignments, call in sick, take a smoke break and best yet, they also work, including overtime, for free.

The view at Wendy’s: High minimum wage still a jobs killer

Minimum wage makes people with poor skills unemployable. That may not be a bug but a design feature, because it's great for skilled workers and computer makers.

Trump’s ‘phenomenal’ tax plan? The real fight for 15

The real "fight for 15" should be a crusade to change income tax rates to 15 percent. That would be the "phenomenal tax plan" that President Trump wants.

New Obama overtime rules yet another U.S. job killer

Obamacare has helped slow economic growth to a crawl, and minimum wage hikes will destroy jobs; the rule on overtime will be another blow to the economy.

Obama’s no-growth economy grinds to a halt

WASHINGTON, April 28, 2016 — Recently released figures indicate that U.S. economic growth in the first quarter of 2016 was only 0.5 percent. The three previous quarters had growth of 3.9, 2 and 1.4 percent respectively. After almost seven years of President Obama’s non-existent recovery, it now appears that the economy is grinding to a ...

$15 minimum wage: Good politics, bad economics

What kind of idiots do Democrats think will pay a person $15 an hour to do a $10 job? Do they really think that every entry-level job is that productive?

California Gov. Jerry Brown approves minimum wage increase to $15

SACRAMENTO, March 29, 2016 — The state of California is planning on raising its minimum wage to $15 an hour. According to worker group “Fight for $15,” the increase will boost the wages of nearly 6 million California workers who currently earn less than $15. California will join several West Coast cities that have already ...

Democrats endorse $12 minimum wage. Is that a good idea?

The increase in the minimum wage would result in slightly higher prices overall, but much higher prices for small business and companies in the fast food industry.

Why Big Business loves minimum wage increases

WASHINGTON, October 8, 2015 − Many policy makers seem to live in a dream world. “It is terrible that the working poor have to live on such a low minimum wage,” they say. They address this problem by arbitrarily raising the minimum wage, although many jobs are worth less than the amount they set. This ...

Gravity, minimum wage, and economic equality: Dan Price’s ‘Atlas Shrugged’ moment

Gravity's $70,000 minimum wage means profits no longer go to expansion and technological innovation.

Gravity Payments $70K minimum salary: Employees quit, company may fold

WASHINGTON, Aug. 3, 2015 − Four months ago, Gravity Payments CEO Dan Price decided to pay every one of his employees at least $70,000 per year. The move was widely hailed in the media as an idea whose time has come. But the actual results for this credit card processing company have been that experienced employees ...

Bernie Sanders and ‘Chocolate milk syndrome’

Poverty is a problem, but not the one Sanders wants to solve; he cares about inequality. Rather than give us all chances to be rich, he only wants us all equal.

New York Times editors apparently don’t understand economics

WASHINGTON, May 21, 2015 – A May 21 editorial in the New York Times notes that Los Angeles has just agreed to raise their minimum wage to $15 per hour. This is “all good” according to the Times. While a reader can certainly understand the NYT editorial view desiring to correct a perceived social injustice, ...

Minimum wage