Acton Institute Powerblog Archives

Post Tagged 'minimum wage'

The danger of looking past economics and raising the minimum wage

This past week, one of the rising political figures in the Democratic Party, Mayor Peter Buttigieg of South Bend, Indiana penned an op-ed for the South Bend Tribune arguing that raising the minimum wage is “the right thing to do.” Mayor Buttigieg, cites three reasons why he believes raising the minimum-wage is the right thing to do: It’s good for business, good for the economy, and good for family.  Continue Reading...

Explainer: Obama’s New Overtime Rule

What just happened? On May 18, the Obama administration announced the publication of a new Department of Labor rule updating and expanding overtime regulations. Why did the overtime rule change? Since the 1930s some white collar jobs (i.e., those performed in an administrative setting) have been exempt from the overtime requirement. Continue Reading...

Chobani’s CEO on the Art of Executive Stewardship

As politicians continue to decry the supposed “greed” of well-paid investors, business leaders, and entrepreneurs — promoting a variety of reforms that seek to mandate minimums or cap executive pay — one company is demonstrating the value of economic freedom and market diversity. Continue Reading...

10 Things You Should Know About the Minimum Wage Debate

Since 1938, when President Franklin Delano Roosevelt introduced the first federal minimum wage in the U.S., a debate has raged about whether wage floors help or hurt workers. But thanks to a radical economic experiment in California, we may be only a few years away from having a definitive answer. Continue Reading...

The Executive’s Conscience: Where Work and Wage Meet

“The twin tracks of work and wage do not meet, and cannot be scientifically related. They are bridged by morality, not by mathematics.” -Lester DeKoster Low-wage workers continue to picket and protest around the country, demanding an increased minimum wage, improved access to benefits, and better working conditions. Continue Reading...

Why Minimum Wages Increases Don’t Target Poverty

If you ask most people why they support raising the minimum wage they’ll says it’s because it helps the poor. But as David Neumark, a scholar at the Federal Reserve Bank of San Francisco notes, numerous studies have shown that there is no statistically significant relationship between raising the minimum wage and reducing poverty. Continue Reading...