If the goal of policy is to promote human well being, then increasing mobility should be a priority for policy makers. Continue reading Human Mobility is Key to Fighting Poverty
Financially and politically, the feasibility of a meaningful UBI program is doubtful. Continue reading Universal Basic Income is Probably Not the Future of Welfare
The CBO, so hot right now. Continue reading The CBO Feels the Love
Faced with a Republican-dominated federal government, will progressives choose cities as their new political battlegrounds? Continue reading Does Portland’s CEO Tax Indicate Progressive Shift to Local Focus?
Chinese subsidies are harmful, but not to American consumers. Continue reading Americans Aren’t the Ones Who Should Be Mad about Chinese “Dumping”
The 2015 Census report indicates a recovering America. But household income data are reliably opaque. Continue reading Census Data Are Weird
A new study of 24 medical schools across 12 states by Dr. Anupam B. Jena, Andrew R. Olenski, and Daniel M. Blumenthal—all of Harvard Medical School—shows that male and female doctors are often paid disparate salaries, even when accounting for … Continue reading Doctor Paidless? Eh, Maybe.
The votes are counted and Britain has officially decided to leave the EU. Experts and elites on both sides of the Atlantic are roiling over the decision and predicting a sort of Valyrian Doom unfolding. Before we lose our heads, … Continue reading Brexit Doesn’t Have to Spell Disaster
The debate over minimum wage is one of the most confused arguments in American public policy. Although on its face minimum wage appears to be a promising and simple idea, it is, in fact, a very bad policy that has … Continue reading Why Minimum Wage Fails and What Will Succeed
In his opus, Economics in One Lesson, Henry Hazlitt devotes an entire chapter to minimum wage laws. He’s quick to identify a semantic problem that lies at the heart of the debate on minimum wage. “…for a wage is, in fact, a price. It is unfortunate for the clarity of economic thinking that the price of labor’s services should have received an entirely different name from other prices. This has prevented most people from realizing that the same principles govern both. Thinking has become so emotional and so politically biased on the subject of wages that in most discussions of … Continue reading Of Course Minimum Wage Reduces Employment