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The Truth About the Minimum Wage
by David Laband
March 1, 1988
People don't like to think that anyone's labor is worth less than the minimum wage. Someone might end up flipping burgers for $5.00 an hour.
You might think the minimum wage is a way of paying some sort of dignity premium--hence language like "living wage." People with such good intentions look at the direct beneficiaries of these policies, say, burger flippers now making $7.50 an hour. They pat themselves on the back. But they rarely count the invisible costs: willing human beings who never get hired in the first place. "But $5.00 an hour is not enough to live on!," they'll say. For whom? A teenager living at home with his parents? An elderly person who wants simply to stay active? A single mom with three kids? A single woman sharing an apartment with 2 roommates? Of course, not all of these people could live off of $5.00 an hour. But some of them could given the opportunity. Concerns about those who couldn't don't justify minimum wages even if we ignored the invisible costs of the policy, which include reduced margins to businesses that might otherwise grow (and hire more people).
High Court Nonsense
The American Spectator
by Jeremy Rabkin
December 1, 1984
Even before the Supreme Court ended its last term in early July, media pundits had reached a verdict on its significance: The Court had lurched to the right.
As usual, Anthony Lewis of the New York Times gave the charge its most strident formulation. The "stunned reaction among the public as well as legal specialists," he wrote, reflected "the sense that our fundamental assumptions about the Supreme Court must change... The Court made clear that it was no longer prepared...to set the limits on state power."
Obamacare Is No Laughing Matter, But This Video Is Pretty Darn Funny
January 10, 1963
Truth is the best irony and this video is filled with great satire.
We tried warning President Obama that his health-care law was unworkable. Now, after a glitch-filled week of implementation, Obamacare is under attack from the likes of not only Senator Ted Cruz, but also CNN's Wolf Blitzer. Yes, even the face of CNN is offering Obama this friendly advice: "They had three years to get this ready. If they weren't fully ready, they should accept the advice that a lot of Republicans are giving them: delay it another year."
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