Showing posts with label minimum wage. Show all posts
Showing posts with label minimum wage. Show all posts
Monday, March 07, 2016

Quote of the Day: The Difference Between Minimum Wages and Free Markets on Unemployment

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Professor Don Boudreaux at the Cafe Hayek provides an awesome explanation : (bold mine) (1) The unemployment caused by a minimum wage is...
Friday, November 06, 2015

Video: Prof. Walter Williams on the Effects of Minimum Wage

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In the following interview with Heritage’s Steve Moore, Professor Williams explains the unseen consequences of the minimum wage law, for in...
Tuesday, July 28, 2015

Age of Robotics: Japanese Hotel Staffed by Robots

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This is revolutionary. The service industry will most likely see a widespread adaption of robots. In Japan, a small hotel opened with a s...
Thursday, January 30, 2014

Walter Block on Why the Minimum Wage Law is a Stab on the Back of the Poor

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Austrian economist Walter Block’s take on the baneful invisible effects of the minimum wage law (sourced from lewrockwell.com , with permis...
Thursday, November 28, 2013

Indonesia Crisis Watch: USD-Rupiah Pierces 12,000 level

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The US-Indonesia rupiah pierced on the 12,000 psychological threshold today Intraday, the US-IDR closed at the highest level ...
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Thursday, October 17, 2013

Video: Milton Friedman on Inequality and Minimum Wage

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One aspect where the late illustrious economist Milton Friedman impresses me much has been with his lucid and eloquent defense of many aspe...
Wednesday, September 18, 2013

Thomas Sowell: Why the minimum wage isn’t compassion for the poor

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Snippets from economist Thomas Sowell’s article entitled Minimum Wage Madness  at the lewrockwell.com Minimum wage hurt the young and t...
Wednesday, April 03, 2013

More Signs of Asia’s Credit Bubble: Soaring Wages

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I have pointed out that Thailand’s minimum wages surprisingly polevaulted by 89% in 2012. This led me to discover a massive build up in sys...
Wednesday, February 20, 2013

Quote of the Day: The Ethics of Minimum Wage

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The biggest problem I have with the standard analysis of the minimum wage–on either side of the ideological divide–is that it shows a cert...
Friday, February 15, 2013

Quote of the Day: The Right Minimum Wage: $0.00

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But there's a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage by a...