Tag: Walmart
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Markets vs Government Mandate: What We Learned From Walmart on the Minimum Wage
The Week: Walmart's wage hike proves we don't need the government to raise the minimum wage There are lessons here for both left and right. First, this should show progressives that the government doesn't actually have to mandate a minimum wage hike for wages to go up. There are other, market-based ways to get wages…
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Why employees earn more at big-box chains than mom-and-pop shops (and other observations)
PBS News Hour has a piece Why employees earn more at big-box chains than mom-and-pop shops. Contrary to widespread belief, big-box stores and chains have increased wages in the retail sector as they have spread, according to “Do Large Modern Retailers Pay Premium Wages?” (NBER Working Paper No. 20313). Retail wages rise markedly with the…
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Economics Links
1. Huffington Post: Financially Speaking — Are We an Illiterate Nation? … Champlain College's Center for Financial Literacy released its '2013 National Report Card,' which quantifies what states are doing to promote financial literacy in the classroom. Only seven of 50 states surveyed came away from the study with an "A" rating. That's right, a…
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Saturday Links
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in Africa, Asia, Business, Capitalism and Markets, Central America, China, Christian Life, Demography, Ecclesia, Economic Development, Economics, Health and Medicine, History, Immigration, International Affairs, Links – Saturday, Politics, Race, Religion, Science, Sociology, South America, Sports and Entertainment, Technology, Technology (Biotech & Health), Technology (Energy), Technology (Manufacturing & Construction)), Technology (Transportation & Distribution), Wealth and Income, Weatlh and Income Distribution1. Christian History magazine has an entire issue devoted to Christians in the New Industrial Economy: The World Changed, the Church Responded. It is a priceless collection of essays on how various religious traditions responded to (or failed to) the challenges of the Industrial Revolution. Issue 104 examines the impact of automation on Europe and…