This Week in Economics: 3 Stories You Should Know About
This week we had some interesting economic developments in both monetary policy and regulatory policy. Here is a look at the top stories you should pay attention to: 1) House…
Posts by tag
minimum wage
5 posts
D.C. Voters Upend Tip System, Raise Minimum Wage for Tipped Staff
On Tuesday night, District of Columbia voters approved Initiative 77, a referendum to raise the minimum wage for waiters and other tipped workers from $3.33 an hour plus tips, to $12.50…
Why New York’s Proposal to Abolish Tipping Is a Terrible Idea
Recently, I had the pleasure of visiting Europe for the first time. It was a fantastic trip, and there were many things I loved about the continent, including its architecture,…
New Study: Raising Minimum Wage Harms Low-Income Workers
A paper released yesterday by a group of researchers at the University of Washington reveals that, as conservatives and economists have predicted, drastic minimum wage hikes may indeed harm the…
Santorum Says Stagnant Wages the Problem
Breaking from libertarian orthodoxy, Sen. Rick Santorum endorsed a modest raise to $8.75 in the minimum wage over three years to show voters Republicans care about stagnant wages. “I’m not…