Two years into the COVID-19 pandemic, small businesses across the country are still struggling under the weight of government restrictions and mandates. Now, they’re in for another ugly welcome this New Year—at least, in the 84 places that are raising their mandatory minimum wages in 2022. When states or local governments pass minimum wage increases,…
Are you tired of working in a Wendy’s drive-thru for $7.25 an hour? Would you like to earn a lot more money? What if you got paid $15 an hour instead? After a lot of petitioning, you get your higher salary, but you start to notice some changes. Your best friend gets laid off. Customers…
“The more people who are dependent on government handouts, the more votes the left can depend on…” –Thomas Sowell by Aubrey Wursten “A single mom in Texas wrote to me. She said when she couldn’t work, this [COVID] relief check put food on the table and saved her and her son from eviction.” – Joe Biden…
President Biden has proposed $1.9 trillion in additional COVID-19 spending. He’s asking Congress to authorize another round of checks, more expanded unemployment benefits, a $15 minimum wage, and much, much more. Over the weekend, House Democrats finally released the text of the 600-page bill meant to make Biden’s broad COVID proposals a legislative reality. Critics and…
Andrew Trunsky Ten Senate Republicans released a $618 billion counterproposal to President Joe Biden’s $1.9 trillion coronavirus relief package hours before they meet in hopes of finding some common ground, but the two proposals have far more differences than similarities. The $618 billion package only slightly resembles that of the Biden administration, whose proposal is…
By Andrew Pfaff What economic policy most helps the American people? There are many ideas on how to best answer that question, but two ideologies tend to stand out: capitalism and socialism. Numerous variations of both principles exist, as well as many misconceptions. As defined by Merriam-Webster, capitalism is “an economic system characterized by private…
“The Minimum Wage“ To make a horse drink It is foolish to try; It’s fully as hard To make customers buy: So, when prices are raised By law or decree, That sales will fall off Is as sure as can be; And if minimum wages By commission are set Above what the worker Would naturally…
Tom Steyer, the billionaire longshot seeking to become America’s 46th president, says he’d push Congress to pass a $22 hourly minimum wage if elected. Steyer made the announcement on Sunday in Winnsboro, South Carolina, during a campaign block party, MarketWatch reports. The current federal minimum wage is $7.25. While other presidential contenders have called for…
Minimum wage laws are suddenly vogue. According to the National Conference of State Legislatures, 18 states began 2019 with a new minimum wage. Three states have since passed legislation to increase the minimum wage to $15 an hour, a wage floor the House of Representatives is seeking to make the law of the land. The…
New York City is already struggling to maintain its $15 minimum wage after only being in effect for around six months, according to The Wall Street Journal. Business owners in the city have said that these are the unintended consequences of the new minimum wage law which took effect earlier this year. Susannah Koteen, who…