Tag: minimum wage
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New wage boost puts squeeze on teenage workers across Arizona
AZCentral: New wage boost puts squeeze on teenage workers across Arizona (HT: Presbyweb) Employers are cutting back hours, laying off young staffers. Oh, for the days when Arizona's high school students could roll pizza dough, sweep up sticky floors in theaters or scoop ice cream without worrying about ballot initiatives affecting their earning power. That's…
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What should the Dems do?
From Greg Mankiw: What should the Dems do? (about inequality) Erecting barriers to trade, raising the minimum wage, encouraging the cartelization of labor via unions, and bashing Wal-Mart are inefficient and poorly targeted ways to redistribute income. ……. One possibility would be to reduce the payroll tax rate and to make up the lost revenue…
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Employers upset with increase in legal wage
From the Columbus Dispatch: Employers upset with increase in legal wage DAYTON — The $3.59 Black Raspberry Cow Shake at Young’s Jersey Dairy in southwestern Ohio soon will cost a dime more. And two eggs and fixings at Granny Shaffer’s Family Restaurant in Joplin, Mo., will set diners back $6.60 instead of the $6 they…
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Neumark on the Minimum Wage
From Greg Mankiw's blog: Neumark on the Minimum Wage. Dr. Mankiw quotes economics professor David Neumark: The central goal of raising the minimum wage is to raise incomes of low-income families and reduce poverty. There are three reasons why raising the minimum may not help to achieve this goal. First, a higher minimum wage may…
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Our Growing Inequality Problems
From Real Clear Politics: Our Growing Inequality Problems by economist Robert Samuelson. The bottom line: Productivity gains (improvements in efficiency) are going disproportionately to those at the top. We do not really understand why. Globalization, weaker unions, increasingly skilled jobs, the frozen minimum wage and the "winner-take-all society'' (CEOs, sports stars and movie celebrities getting…
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Greenspan on the Minimum Wage
From Greg Mankiws's blog: Greenspan on the Minimum Wage Larry Mishel, President of the Economic Policy Institute, sent me an email today, asking me to sign a letter of economists endorsing an increase in the minimum wage. Apparently, he already has some high-profile signers, including my undergraduate thesis adviser Alan Blinder and my current Harvard…
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The Fallacy of Creating a “Living Wage” by Fiat
Mayor Daley of Chicago recently vetoed an ordinance requiring big retailers to pay a "living wage" higher than other employers are required to pay. Economist Greg Mankiw used the occasion of this event to resurrect an excellent article he wrote five years ago about efforts by Harvard students demanding a "living wage" for Harvard workers…
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“Wage debate should focus more on skills” Mary Sanchez
Wage debate should focus more on skills is an excellent commentary on the minimum wage by Mary Sanchez in the Kansas City Star. The minimum wage issue is one of the most frequently used topics for demagoguery by our political parties. I think Sanchez does a great job of framing the issues. And yet, so…