Study: Raising the Minimum Wage Leaves Automation-Prone Workers Behind
A new study by economists Grace Lordan and David Neumark finds that minimum-wage increases make it likelier that low-skilled workers whose jobs can be automated will become unemployed. The study is especially relevant given two recent trends: first, the incorporation …
Seattle Progressives Stick Their Heads in the Sand on Minimum Wage
Last month, a group of scholars commissioned by the city of Seattle to study the effects of hiking the minimum wage struck a blow at the national “fight for 15” movement.
Their findings, which were widely covered in the media, showed …
A Third Try on the Minimum Wage
Another day, another minimum-wage study.
This most recent study — the third in the past two weeks, after dueling studies on Seattle’s minimum wage hike from Berkeley and the University of Washington — centers on a curious situation in Denmark. The …
A Groundbreaking Minimum-Wage Study
Basic economics holds that when you mandate a higher price for something, you get less of it. But reality is a bit messier than that, and there’s a robust debate over the effect that the minimum wage has on …
An Alternative to Increasing the Minimum Wage
If there’s one blessing in the election of Donald Trump as president of the United States, it’s that it has highlighted one of the worst festering social problems of the country: the slow decline of the working class (…
The Fight-for-$15 Fantasy
Minimum-wage silly season bursts into full bloom tonight, when the DNC features a “Fight for $15” advocate from Michigan. This follows from the party’s platform statement that “the current minimum wage is a starvation wage and must be increased to …
Democrats, the Law of Demand, and the ‘Fight for 15’
Gas prices have fallen almost in half over the past two years. So Americans are driving more. Beef prices have risen by a quarter since 2012. Not surprisingly, Americans now eat less beef.
Economists call this the Law of Demand. People …
California Will Put Minimum-Wage Theories to the Test
California employers must pay at least $15 an hour by 2023. Adjusted for inflation, that works out to $13.39 an hour in today’s dollars — higher than any other country’s real minimum wage, even France’s. And it will soon cover …
Bernie and Hillary’s Harmful Good Intentions on the Minimum Wage
Much has been written about the ignorance, impracticality, and offensiveness of many of the Republican front-runners’ policy proposals. Not nearly enough has been written about the ignorance, impracticality, and offensiveness of the policy proposals emanating from the Democratic side, some …
How White Castle Will Adjust to a $15 Minimum Wage in New York
‘This is something that’s become a bumper sticker,” Jamie Richardson tells me. “But it hasn’t really been thought through. There is a better way to get people out of poverty than hiking the minimum wage.”
Richardson is a …
The War on Work — and How to End It
Editor’s Note: The following piece originally appeared in City Journal. It is reprinted here with permission.
In 1967, 95 percent of “prime-age” men between the ages of 25 and 54 worked. During the Great Recession, though, the share of jobless prime-age males rose …
A Minimum-Wage Study Faces Misplaced Skepticism
Policymakers looking for ways to help low-income households have turned to minimum-wage increases in recent years. But a provocative new paper by the Seattle Minimum Wage Study Team at the University of Washington suggests that this may be a deeply …
Magical Thinking about Minimum Wages
Thanks to a new study from economists at the University of Washington, American progressives have learned that the laws of supply and demand apply to the labor market. Everybody already knew that, except for professional economists.
The study, commissioned by …
The Unintended Consequences of San Francisco’s Minimum-Wage Hike
On July 1st, San Francisco’s minimum wage will increase from $13 to $14. One year after that, the Golden City will fulfill its promise of a $15 floor. And before too long, it won’t be just San Franciscans who will be …
The Left Pays No Price When Its Gambles Prove Costly
Sometimes life forces us to make decisions, even when we don’t have enough information to know how the decision will turn out. The risks may be even greater when people make decisions for other people. Yet there are some …
In a November debate, Trump got the first question: about the minimum wage. He answered,
[W]e are a country that is being beaten on every front economically, militarily. There is nothing that we do now to win. . . . [T]axes …
The Uncool and Immoral Fight for $15
Our lecturer-in-chief recently informed the class that “it’s not cool to not know what you’re talking about.” Great. Now if only Mr. Obama would take that message to his comrades on the left advocating a minimum wage of $15.
The Minimum Wage and the Dangers of Government-by-Decree
Bernie Sanders doesn’t have to think too hard about the minimum wage. He lets other people do his thinking for him, which, in his case, probably isn’t the worst idea most of the time. There’s a movement …
Minimum-Wage Activists Should Look to Puerto Rico for Clues to the Future
When signing the bill raising California’s minimum wage, Governor Jerry Brown called the new $15 minimum wage “good politics” but “questionable policy.” He may be more prescient than many realize. There was a time in recent American history when a …
The Minimum Wage Makes No Sense — Let’s Do It Anyway!
‘Economically, minimum wages may not make sense,” said California governor Jerry Brown on Monday. He then signed a bill mandating a 50 percent increase in California’s minimum wage from $10 an hour to $15 over six years.
The same day, as if …