Posted tagged ‘$15 Minimum Wage’

Must Reads For The Week 9/12/15

September 12, 2015

Is There Really A ‘War On Cops’? Data Shows 2015 Will Likely Be One Of The Safest Years In History For Police, by Mark J. Perry, at carpediemblog. These facts show how media coverage can drive perception about reality. If I said at the present rate there will be 35 police officers killed by fire arms this year what would you think? Your first thought should be that 35 is a number without a context. 35 is one of the lowest numbers of police deaths by fire arms from a peak of over a hundred in the early 70’s. The lesson is don’t be swept along by the media current, and always put every number in context.

Over The Last 20 Years, Annual Fires In U.S. Have Decreased By About 50% While Career Firefighters Has Increased More Than 50%, by Mark J. Perry at carpediemblog. You might think that the decrease in fires is caused by the increase in firefighters. But there is no causation because firefighters put out fires after they are started not before they are started. Local firefighter unions have been able to grown the number of their members as the number of fires has decreased. Public sector unions see public tax payer dollars as easier to extort than what they can extort from the private sector.

Happy “$15 Dollar Minimum Wage” Labor Day From McDonalds, at Do the central planning do-gooders who raised the minimum wage care enough to look at the consequences of their benevolence and lack of knowledge about economics? You can’t raise the cost of labor above what it produces.

Canada Enters Recession, at Is this isolated? Or does it mean more if you also look at what is happening in China, Greece, Japan, Brazil, Venezuela, and Puerto Rico?

Paul Krugman Is “Really Worried” That He Might Have Screwed Up Japan, at Does Krugman have any memory of what he has said in the past. Or like an Alzheimer’s patient is every day a new beginning.

Common Core Or “Communist Core“, at Lily Tang Williams, a mother of three who grew up in communist China, says common core reminds her of the oppressive statist nature of her childhood education.

Tax, Tax, Tax: Is Rhamaland About To Get The Largest Property Tax In Modern Chicago History? (And that’s just for starters). at  Government officials all over the country, not just in Chicago, have promised more than what their tax slaves payers can produce. At some point there is going to have to be a restructuring or a default on public pensions.

New App For Politically Correcting Your Language, at This app alerts you about possible microagression on your emails, texts, blog posts, and articles before you send them out. I don’t think I’m going to download this app. No one has a right to not be offended.

uBeams Wireless Technology Aims To Kill The Power Cord, at From the article, “uBeam has developed technology that transmits ultrasonic waves…that are translated by devices as a microscopic quiver; this vibration is converted back into an electrical charge to power anything with a battery, no wires or wall plugs required.

Kerry Picks Clinton Donor To Be State Department’s “Email Czar“, at You can’t make this stuff up! When I saw the headline I thought it was an article from The Onion.

Must Reads For The Week 8/29/15

August 29, 2015

SThe pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

This Start Up Has Figured Out How To Grow Metal Like A Tree, Katie Fehrenbacher, at Modumetal is a company produces metal through a process similar to electroplating. “It is creating nanolaminated materials that will change design and manufacturing forever.” These stories give me hope that individuals in the market can outpace the growth of the regulatory state.

NASA’s 3D-Printed Rocket Parts Actually Work, by Drew Olanoff, at This is an example of what 3D printing is capable of. What normally takes four years to produce, now takes half the time.

How Big Is Uber? at Even a government created monopoly like the taxi cartel is in danger of being beaten by individuals with an ides. Central planners plans are being overturned by the evil consumer, now that the consumer has a real choice.

Only 45% of Electric Car Owners This Year Have Replaced Their Cars With A New Electric Vehicle, by John Lott, at Consumers who have tried electric cars are now choosing something different after doing the cost benefit analysis of owning an electric car.

The New Era Of The $400 Text Book, at Just part of the Government created bubble in college education. Excerpt from the article. “BTW; The Best textbook on economics (rarely found in government-funded colleges) is Murray Rothbard’s Man Economy and State, and that can be had in paperback for only $17.58 in paperback.

Seattle Socialist Council Member Wants to Eject “Profit Making Billionaires” From Tech Industry, at Socialist Kashama Sawant has already killed minimum wage jobs when she pushed through the $15 minimum wage in Seattle. Now she wants to work her socialist magic on the tech industry. Why do people like her think their utopian vision of the world can be implemented by simple decree at no cost. Individuals will now start to make their decisions factoring in the new set of incentives and constraints created by the new utopian policies.

The Gradual Phase-In of $15 and Hour Minimum Wage Laws as Insurance Policies Against Public Relations Disasters, by Mark J. Perry, at carpediemblog. The gradual phase in of interventionist policies shows that  interventionists understand the consequences of their policies. Remember how Obamacare was passed but not implemented until after the 2012 presidential election? Some of the Obamacare policies have yet to be implemented. Incrementalism gets people use to the new normal the slow implementation produces. Just like boiling a frog.

Government To Creamery: Your Milk Is Entirely Too Natural To Not Be Labeled “Imitation”, by Mary Katherine Ham, at Another example of too many regulations. Get out of our lives!

New National Labor Relations Board Ruling Is Going To Be A Major Problem For Fast Food Chains, at economicpolicyjournal,com. Another example of government intervention into the free market. How are interventions by government agencies in a democracy any different from decrees by the politburo in the former Soviet Union?

US Falls Behind Canada, Finland, And Hong Kong In Human Freedom Index, at If this doesn’t wake us up nothing will. The American Revolution changed the world. For the first time in history Government was put in chains by the constitution, and the individual was placed above the state. The American Revolution has been turned upside down by the steady erosion of individual freedom over the last century. We are at a pivotal moment in the history of freedom




Must Reads For The Week 5/30/15

May 29, 2015
The pen is mightier than the sword...

 The pen is mightier than the sword… (Photo credit: mbshane)

States Turn To Pension Ponzi Scheme To Close Funding Gap, at State and local government have underfunded pension funds for years thinking they could cover the future shortfall by raising taxes. Since the tax payer is tapped out, politicians are going to fund pensions by issuing more debt. How do you think this will turn out?

A $12,480 Per Year Tax Per Full Time Employee ($15 Minimum Wage) Hurts Business, by Mark J. Perry, at carpediemblog. An increase of $6 per hour adds $12,480 to the cost of doing business. Do politicians really think mandating a higher minimum wage has no consequences on low skilled jobs.

Why Bikers Are Being Murdered In Venezuela, youtube. Venezuela’s socialist government restrictions on imports  has created a shortage of motorcycles and spare parts. Motorcycle riders are being murdered for their bikes when they stop on street corners. Just another example unintended consequences by central planners.

Government Regulation And Economic Stagnation, by Peter St. Onge, at This is a good article about how government intervention in the free market results in a stagnating economy. Government regulations can’t trump the laws of economics. Economic forces are always in the process of correcting these government interventions, and they always prevail in the long run.

The Surveillance State Is Illegal, at The U.S. Appeals court ruled that the collection of metadata by the NSA is illegal. This is a victory for the rule of law. It will be interesting to see what happens in the Sunday Senate showdown when the deadline for the Patriot Act arrives. Lets hope individual freedom wins over tyrannical politicians.

Eminent Domain Abuse – Kelo Tenth Anniversary, at Young adults don’t remember this case concerning eminent domain. All the liberals on the Supreme Court ruled in favor of a private development firm, instead of ruling in favor of individual property rights. Individuals homes were bulldozed for no reason as the development was never built. This article titled, Eminent Disaster, by Jeff Jacoby, gives a brief explanation of the case.

5 Big Banks Fined $5 billion For Manipulating Interest Rates And Currency, at These banks are getting fined for doing the same thing the Federal Reserve has been doing for years. Will these banks pay their fine by withdrawing electronically printed counterfeit money that is on deposit at the Federal Reserve?

Behind The Pope’s Embrace Of Castro, at Two Marxists met when Raul Castro visited the Pope last week. Here is the money quote by Raul Castor, “The pontiff is a Jesuit, and I, in some way, am too. I studied at Jesuit schools.“. I’ve always thought the Pope leans toward Marxist liberation theology. You remember liberation theology because of Obama”s pastor Jeremiah Wright.