EppsNet Archive: Labor

Minimum Wage Proposal: $0.00

You can’t make ends meet on 8 bucks an hour? I can see where that would be a problem. When did fast food jobs become jobs for family breadwinners? Fast-food jobs are for high-school kids. You want to make $15 an hour? Simple: get a job that pays $15 an hour. What’s stopping you? Other than your lack of skills, education, motivation and accomplishments? If no employer is willing to pay you $15 an hour, then guess what? You’re not worth $15 an hour. You need to do something about that. Why is $15 an hour the magic number? Why not $16? Or $17? Why not $50 an hour? At $50 an hour, everyone would make a nice 6-figure income and poverty would be a thing of the past, right? If you raise the price of a product or service, the demand for the product or service goes down —… Read more →

Childish Economics

I have a very difficult time imagining the economic ‘theory’ that motivates proposals such as this one by Pres. Obama [to “streamline” the Fair Labor Standards Act so that more white-collar employees would be eligible for overtime pay]. The best that I can do is to imagine how a two-year-old child would respond if asked to propose a way to raise workers incomes. — Don Boudreaux Read more →

Are Walmart Employees Underpaid?

Santa arrested @Walmart: 'Even Santa's elves are paid a living wage.' #walmartstrikers pic.twitter.com/MHeWRBUuBs — Warehouse Workers (@wwunited) November 29, 2013 Attention, disgruntled Walmart employees! What does it mean to say you’re underpaid? Doesn’t it mean that there’s at least one other employer willing to pay you more than you make now? If that’s the case, go work for another employer. If that’s not the case, then you’re not underpaid. You’re lucky to have the job you have. Read more →