Behavioral psychologists and economists have considered incentives to be a normal part of human nature for decades, if not centuries, but applying them to education still stokes controversy. For example, some people recoil at the idea of paying kids and their teachers for high scores on Advanced Placement tests that get students college credit in high school, as some schools in Northern Virginia are doing,
Americans recently celebrated Independence Day—the day the Continental Congress formally adopted the Declaration of Independence and announced the 13 American colonies regarded themselves as sovereign states no longer part of the British Empire and subject to its rules and taxes.
President Obama seems committed to forcing the minimum wage up through federal intervention. If he succeeds, it will only damage the economy further, resulting in higher unemployment and less growth. Here are four reasons a minimum wage is a bad idea.