Acton Institute Powerblog

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Search results for "Minimum Wage"
June 28, 2017

Why Seattle’s minimum wage law is now destroying wages

“The city of Seattle has the highest minimum wage in the United States,” notes Dylan Pahman in this week’s Acton Commentary. “While economists and policy-makers continue to debate the issue, a recent working paper from researchers at the University of Washington (UW) raises serious questions about the effectiveness of minimum wage hikes.” Continue Reading...
April 04, 2017

The minimum wage as a price floor

Note: This is post #27 in a weekly video series on basic microeconomics. Minimum wages are a type of price floor, and as with all prices floors, when prices are kept artificially high they can lead to several consequences that hurt the consumer. Continue Reading...
January 02, 2017

10 Things you should know about the minimum wage

The minimum wage increased yesterday in nineteen states across the U.S.: Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Hawaii, Maine, Massachusetts, Michigan, Missouri, Montana, New Jersey, New York, Ohio, South Dakota, Vermont, and Washington. Continue Reading...
September 07, 2016

Justice, Torah and the Minimum Wage

This question of whether government should mandate a higher minimum wage is not a new one, says Curt Biren in this week’s Acton Commentary. In fact, it comes up in ancient Jewish texts — related to property rights, labor law and charity law: Economists have studied the idea, but they often disagree on its impact. Continue Reading...