Don Boudreaux points to Bryan Caplan’s excellent post today about the minimum wage, here’s the main takeaway: “The minimum wage is far from the most harmful regulation on the books. Why then do I make such a big deal about … read more >

Walter Williams asks some economic questions about what happens when prices or wages change by 25%: “In his State of the Union address, President Barack Obama proposed raising the minimum wage from $7.25 an hour to $9 an hour. That … read more >

Cartoon by Henry Payne. Thomas Sowell writing in “The Thomas Sowell Reader”: “It would be comforting to believe that the government can simply decree higher pay for low-wage workers, without having to worry about unfortunate repercussions, but the preponderance of … read more >

From the Huffington Post article “Raising the Minimum Wage Is Good for Business (But the Corporate Lobby Doesn’t Think So)” by Peter Dreier and Donald Cohen: “In fact, raising the minimum wage is good for business and the overall economy. … read more >

In response to the proposed Fair Academic Standards Act that would impose government-mandated letter grades in schools nationwide, Don Boudreaux provided quotes from Sen. Franken (supports) and Sen. Rand (opposes).  But Don somehow overlooked this (slightly revised) statement that Rep. Maxine Waters (D, … read more >

From Don Boudreaux at Cafe Hayek, a very challenging and novel question for proponents of a higher minimum wage: I have a question for anyone who believes that a nearly 25-percent hike in the minimum wage (from $7.25 to $9 per hour) will not … read more >

Economist and blogger Steven Landsburg presents an interesting argument against the minimum wage – it’s unfair to burden a relatively small segment of the population with the higher costs of the minimum wage – small business owners who employ low-skilled … read more >

A few more challenges to proponents of the minimum wage: 1. Since it was first passed in 1938, the US minimum wage law has used the coercive force and power of the government to prevent millions of voluntary, mutually advantageous … read more >