Henry Ford may have been right, but his insight is irrelevant.

  Venture capitalist Nick Hanauer gave a persuasive, but ultimately misleading, TED lecture in the attached video clip in which he makes the argument that reducing tax rates on the rich does not increase job...

Higher minimum wages: “gentrifying” the job market

Over the years, I have met many elected officials, more often than not, Democrats who, from a combination of wanting to make peoples’ lives better through laws and regulations and resentment against...

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...

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...

Why do intelligent politicians support a minimum wage proposal that will kill jobs?

In the Thursday, January 30, 2014, issue of The Wall Street Journal, Michael Saltsman, a Research director at the Employment Policies Institute, wrote a well-argued Op-Ed piece entitled “The Employee of the...

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....

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