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Calls for wage increases-at the federal, state, and local levels-are based on the premise that increases in the minimum wage will probably improve the economic well-being of workers. One area of attention in the discussion is whether a minimum wage increase could actually impact many workers. Many skeptics have argued that only a very modest share of workers actually get the minimum wage, and furthermore, that many of these workers are not fighting adults, however, rather teenagers from wealthy......Read More
As free-market economists I'm not much into minimum wage legislation, in fact I'm rather against them. However as I watch what's going on in China right now, with the protests and strikes from the labor at the overseas production firms which are in their own country, I see that something has to be done. In China you are not permitted to go on strike at a Chinese company, and even though there are problems, they are not publicized because the Chinese government doesn't want that in their......Read More
YOU'RE NOT ABLE TO GET BANKRUPT WITHOUT BEING TOO BROKE?. Among the American population, lots of basic understandings, misconceptions and myths, whined about bankruptcy. However, a fair, or at least, an accurate comprehension of bankruptcy, and of its principles, as it is more especially contained in the Bankruptcy Code, is crucial for the successful management of one's financial affairs, whether as an individual or as business. One such misconception or MYTH, can be summed up this way:......Read More
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