All Posts Tagged With: "worker productivity"
Minimum Wage, Maximum Folly
The big Associated Press story for last October 11 was that “More than 650 economists, including five winners of the Nobel Prize for economics, called Wednesday for an increase in the minimum wage, saying the value of the last increase, in 1997, has been ‘fully eroded.’ ” Among these economists were Nobel laureates such as [...]
1Mar2007 | Walter E. Williams | 0 comments | ContinuedSeparate the Professions and the State
Lewis Andrews (lew@yankeeinstitute.org) is executive director of the Yankee Institute for Public Policy in Hartford, Connecticut. Since the early 1990s, and even through the collapse of the stock-market bubble, the American economy has continued to experience remarkable increases in worker productivity, both in manufacturing, which now accounts for 14 percent of the nation’s output, and [...]
1Dec2004 | Lewis M. Andrews | 0 comments | ContinuedBut what about . . . ?
My Virginia license plate, adorning both bumpers of my Japanese car, reads FRE TRDE. I always mention this to audiences so they know exactly where I stand on the question of how free consumers should be to spend their incomes on foreigners’ goods and services. I am proudly, completely, confidently, and unconditionally a free trader. [...]
1Sep2003 | Donald J. Boudreaux | 0 comments | ContinuedIn Praise of Commercial Culture
For most of this century, capitalism was regularly accused of not delivering the goods as efficiently as could socialism. Today, this accusation packs as much persuasive force as do claims that ouija boards foster communication between the living and the dead. Even capitalism’s most strident critics today admit that capitalism can’t be beat at satisfying [...]
1May1999 | Donald J. Boudreaux | 0 comments | ContinuedJames F. Lincoln: Industrial Peacemaker
Daniel Hager is a freelance writer in Lansing, Michigan. The dichotomy between labor and management does not actually exist. Enlightened self-interest eliminates contentious factionalism in employment relations. Unfortunately, government has intervened in the workplace to convert it into a battleground and to institutionalize coercive conduct that is akin to warfare. The victims are consumers and [...]
1Apr1999 | Daniel Hager | 1 comment | ContinuedWhy Wages Rise
“For low-paying jobs that already exist, public policy must aim at supplementing the income of the working poor. . . . One way would be to raise gradually the minimum wage.” —Wallace C. Peterson, Silent Depression[1] In the recent debate over the minimum wage and the working poor, I was reminded of a little book, [...]
1Aug1996 | Mark Skousen | 3 comments | ContinuedWhy Wages Rise: 4. Tools to Harness Energy
F. A. Harper is a member of the staff of the Foundation for Economic Education. The first two articles in this series dealt with the effect on wages of (1) union membership and (2) productivity. The third dealt with the division of the total product between pay for current effort and pay for the use [...]
1Jun1956 | F. A. Harper | 0 comments | Continued-
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