What Happens when the Minimum Wage Is Raised?

Well, among other things, you get employers looking for ways to replace human workers with automated ones. To be sure, the process of worker automation is inevitable regardless of whether there has been an increase in the minimum wage. But if you are a human being interested in keeping a job, minimum wage increases--especially sharp …

How Minimum Wage Hikes Hurt Workers

Behold. Key observation from Tyler Cowen: "I would be skeptical or agnostic about some of those particular estimates, but surely the general point holds, and is hardly ever mentioned by advocates of hiking the minimum wage." I don't suppose that latter fact is going to change anytime soon. Again, let's do something for the middle …

Quote of the Day

. . . we should not have a major party promoting, as a centerpiece initiative and for perceived electoral gain, a law that might put half a million vulnerable people out of work, and that during a slow labor market. --Tyler Cowen. He is quite right, of course.

The CBO’s Minimum Wage Analysis Should Surprise Precisely No One

The Congressional Budget Office has come out with an analysis of what might happen if the minimum wage is increased to $10.10. That analysis consists of the following major points: A minimum wage increase "would significantly boost income for about 16.5 million workers, raising their income by $31 billion and potentially pulling nearly 1 million …

Want More Affordable Housing to Help the Working Poor?

You may not want to wait for government to help you out: Rob Justus isn’t waiting for somebody at City Hall to pat him on the back, but he is wondering why nobody has. Housing officials have noted Portland is about 12,000 units shy of low-income housing, and the lack of low-rent living spaces is …