The Policy that 600 Economists Support and 500 Oppose

A controversial policy that dates back to 1938, the nominal federal minimum wage has increased from $.25 to $7.25 and is higher in many states and cities.

Weekly Roundup: From Vodka to Tax Dodgers

Our weekly roundup includes stories from everyday economics that relate to creative destruction, taxation, price floors, labor markets and entitlements.

Weekly Roundup: From Wimbledon to Estonia

Our weekly roundup includes stories from everyday economics that relate to the market, the minimum wage, the price system and productivity & human capital.

A Tale of Two Cities… and One Mall

Half of the Valley Fair Mall is in Santa Clara, CA while the other half is in San Jose. Because San Jose has a minimum wage of $10.15 while Santa Clara’s is $8.00, the stores at the mall have a problem. Minimum…