Minimum wage laws are against the law of supply and demand. Wages are based on the supply of and demand for labor. If the supply is low, wages will be higher and if the supply is high, the wages will be lower. If the demand is high, the wages will be high and if the [...]
:: Tuesday, March 16, 2010
If there is a silver lining to the dark clouds on Wall Street, it’s that people are finally waking up to the realization that something is fundamentally wrong with the U.S. economy. Unfortunately, most citizens accept long-refuted economic myths and, thus, incorrectly prescribe more government to cure a problem caused by too much government. Students [...]
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