From the department of unintended consquences, Subway restaurants in San Francisco will no longer offer the $5 footlong sandwich specials that are often advertised on TV (although they do offer a specific ”sub of the month” for $5.00). The reason, according to the San Francisco Chronicle, is the city’s new $10.24 an hour minimum wage, which [...]
No sooner did I post a blog on the potential adverse effects of the minimum wage, here comes a new government program to counter a problem that has resulted from government’s tinkering in the labor market. President Obama’s new “We Can’t Wait” jobs programs aims to help 250,000 young people find summer jobs in the [...]
Here we go again…beginning January 1, 2012, eight states raised their minimum wage. The way news articles have hyped this, one would think that somehow raising the wage another 30 cents is going to catapult the bottom 99 percent into the top 1 percent. According to the Huffington Post “the new rates will translate into hundreds [...]
It must be hard to be a teenager these days. Societal institutions send them incredibly odd and mixed messages about what a teenager should be doing in order to get on the path to being a productive member of society. On one hand, they are advised to do all of those responsible things that set [...]