How Helpful is Raising the Minimum Wage?

While poverty is a serious problem, is forcefully raising the minimum wage really the best way to solve it? Are their better ways? USA Today reports the political controversy over recent findings from the Congressional Budget Office (CBO) on the proposed federal minimum wage increase. The CBO examined what increasing the minimum wage to $10.10 […]

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Beware Unintended Consequences

What’s the problem with subsidies and tax penalties? For one thing, they are incentives, and individuals naturally respond to incentives. Unfortunately, policymakers do not seem to grasp the unintended (or at least, hidden) incentives built into their laws—incentives that could prove counteractive to their very goals. What’s the problem with subsidies and tax penalties? For […]

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Take This Job

From the teenager who proudly trims the final blade of grass alongside the flowerbed, to the Walmart associate who helps a desperate dad be a better Santa on Christmas Eve, workers make the world go round. There is much to celebrate about them and their work. Work is the engine of the economy and the […]

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