Currently Browsing: Innovation

The Flawed Congressional Budget Office Report on the Effects of Minimum Wage Increases

The Congressional Budget Office (“the CBO”) published a report on February 18, 2014, with its estimates of the effect of a federal minimum wage increase from $7.25 to $10.10.  The headlines from the Report would appear to support the finding that the increase would cost 500,000 jobs, but would lift 9 million families out of poverty and produce more real income from the country as a whole, because those benefiting...

The “real” scoop on pharmacies, drug companies, and health insurance plans

One of the funniest comedians I ever saw in person was Robert Klein, back in 1973, when I was a law student at Harvard and he performed at the Passim Coffee House in Harvard Square.  One remark he made that night comes back to me whenever I think about the healthcare industry.   Klein’s comic style was to point out something we all see every day and to give us the “real” scoop on it.  I remember him talking...

Rapid increases in minimum wages: a bad idea for the people they are trying to help

The widening gap between what many Americans need for an acceptable standard of living and the income they are able to secure is a real problem, and I empathize with those who struggle every day to pay bills. Moreover, the decline in well-paying jobs for people with modest skills and educational attainment is a serious, long term structural crisis. However, the minimum wage or “living wage” proposals being...

What made The Eagles soar?

From time to time, I write about very successful individuals, teams, groups, and organizations because I believe it is important for us to understand why certain people are more successful than everyone else. Showtime has broadcast a two-part documentary called “History of the Eagles,” one of the handful of most successful popular bands of all time, and possibly the most successful American band ever.  The...

Performance enhancing drugs: what can we do

Given the recent suspensions of 13 Major League Baseball players as a result of the Major League Baseball investigation of the Biogenesis Clinic, I re-read a most insightful book called The Juice, written by baseball radio talk show host Will Carroll and published in 2005. Carroll made many observations worth recounting, three of which are: The use of performance enhancing substances to gain an edge in sports is...

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