San Francisco’s Parental Leave Law Is Bad for Business

May 11th, 2016 * RECOMMENDED READINGS, Business, Economics, Labor Robert May 1 min read

Abigail R. Hall Blanco writes: San Francisco has become the first city to mandate full pay for parents who take leave on the birth or adoption of a child. According to the legislation, lost pay is the primary reason workers fail to take advantage of existing California law that enables them to receive 55 percent of their wages (and up to 70 percent beginning in 2018)…

 

Hillary: Queen of the Gig Economy

May 10th, 2016 * RECOMMENDED READINGS, Economics, Labor, Politics Robert May 1 min read

Jared Meyer writes: Listening to Hillary Clinton on the campaign trail may lead one to assume she is against the sharing economy, or what she calls the “gig economy.” As she promised in her first major economic address at the New School in New York City, the gig economy is “raising hard questions about workplace protections and what a good job will look like in…

 

How the Minimum Wage Helped Wreck Puerto Rico’s Economy

Apr 25th, 2016 * RECOMMENDED READINGS, Business, Economics, Labor, Minimum Wage Laws, Money Bill B. May 1 min read

Jack Salmon writes:  Puerto Rico is in crisis and drowning in debt. Now it looks like the island’s Development Bank, set up to raise living standards in the territory, will collapse. Congress is rushing to provide some help, but it also needs to consider the effects of federal regulations on the island. Foremost among these is the federal minimum wage.  

 

Why the Minimum Wage Is Bad at Reducing Poverty

Chris Edwards says:   It’s Badly Targeted and Hurts as Much as It Helps California and New York have approved bills to increase their state minimum wages over time to $15 an hour. Presidential candidates Hillary Clinton and Bernie Sanders favor raising the federal minimum wage. But such mandated increases do more harm than good, and they hurt the exact groups of people that policymakers say…

 

In search of fixes for a fossilized economy

Feb 14th, 2016 Debt, Economics, Labor, Taxes Robert May 1 min read

Victor Davis Hanson writes:  The U.S. economy grew at an anemic rate of less than 1 percent in the last quarter of 2015. While the unemployment rate has dipped below 5 percent, the all-important labor force participation rate is at a historic low of just 62.7 percent. More than 90 million able-bodied adults are either not currently in the labor force or have stopped looking…