Taxes on capital, taxes on labor, inflation, bureaucratic regulation, minimum wage laws, are all - to different degrees - unnecessary slices of the wedge that stand between an individual's effort and reward for that effort.
When I was a student at Princeton University, I was working part time in a grocery store. I saw an ad for teachers of a prep course. I don't remember what it paid, but it was easily double or triple the minimum wage.
Walmart is so huge that a wage boost at Walmart would ripple through the entire economy, putting more money in the pockets of low-wage workers. This would help boost the entire economy - including Walmart's own sales.
Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on ...
Walking on a path of uncertainties, Shuffling on the probabilities of uncertainties, Waging on the possibilities of uncertainties, Waiting for the occurrences of uncertainties, Solving the mysteries of wandering uncertainties, We move, lead and live.
No one should be so naive as to think that wages among organized groups will not be increased, under pressure if necessary, to make up for increases in the cost-of-living, nor should anyone ordinarily object to such adjustments.
Positive rights are the right to shelter, the right to education, the right to health care, the right to a living wage. These things are - these are, I would call them, more properly, political rights rather than positive rights. And they are extreme...
Whoever controls work and wages, controls morals.
Son, a real battlefield lacks dignity and honor. When lives are being spent—actual human lives—those high-minded concepts lose their meaning. All that matters is victory. If you have blades, you’ll use blades. If you have rocks, you’ll use ro...
I've lived to see my longings die I've lived to see my longings die: My dreams and I have grown apart; Now only sorrow haunts my eye, The wages of a bitter heart. Beneath the storms of hostile fate, My flowery wreath has faded fast; I live alone and ...
I've lived to se my longings die I've lived to se my longings die: My dreams and I have grown apart; Now only sorrow haunts my eye, The wages of a bitter heart. Beneath the storms of hostile fate, My flowery wreath has faded fast; I live alone and sa...
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
President Obama believes that income inequality is one of the most pressing matters facing the nation. If we are going to be a country that provides ladders of opportunity and believes in a thriving middle class, then we have to raise the minimum wag...
Literally, if we took away the minimum wage - if conceivably it was gone - we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level.
Improving the outlook for U.S workers isn't about creating millions of minimum-wage jobs. It is about creating sustainable, skilled employment that allows Americans to earn a fair wage with benefits that allows them to pay for housing and food on the...
The concept of minimum wage is crazy, if you really stop to think about it. If $8 an hour seems right, why not $20 an hour? If it's coming by order of the government, why stop at any level? Why not just say everyone should get what Gates gets?
When I recently spent a night at a homeless shelter, I was dismayed that members of the middle class had moved in and that earning above the minimum wage did not protect adults from having to share a room with dozens of others.
Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the wage...
The war waged against terror since September 11 puts a strain on democracy itself, because it is mostly waged in secret, using means that are at the edge of both law and morality. Yet democracies have shown themselves capable of keeping the secret ex...
I'm a warrior at heart; I'm an ex-Navy Seal. I'm too old to wage war anymore, and so now I wage it mentally. And so I find politics very stimulating; it's war without guns.
The way China is looking to boost consumer spending is astounding. They are going to boost the minimum wage by 13 percent a year every year for five years... I don't know if people realize how dramatic that is.
