Timothy Noah of MSNBC recently informed us, “In theory, raising the minimum wage ought to increase unemployment, but in practice, economists (including a few at the not-exactly-left-leaning Goldman Sachs) have lately struggled to find any real-world evidence of that happening. Job creation is actually faster in the states that have raised the minimum wage.”
Michael Lotus offers up his hopeful perspective in Part II of the Heartland Daily Podcast about his new book titled, America 3.0: Rebooting American Prosperity in the 21st Century.
Ongoing effective economic experiments among the 50 states are sharpening, and definitive results will pour out in the real world, editorial and opinion fallacies to the contrary notwithstanding. That sharpening…
It’s interesting to go back and read some of the coverage released in March in attempts to predict the Winners and Losers under President Obama’s health law. While some predictions…