Category Archives: Economics/Finance

Romney, Santorum, and Pawlenty Endorse a Minimum Wage Hike—Do I See a Republican Trend?

Republished from The Unz Review On Friday, several top national Republicans including Mitt Romney, Rick Santorum, and Tim Pawlenty all publicly declared their support for raising the federal minimum wage. Such a dramatic political breakthrough—obviously coordinated at the highest levels—greatly increases the … Continue reading

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The Huge Economic Productivity of Divine Monarchs

Republished from The Unz Review When I first began investigating the minimum wage a couple of years ago, one of my early surprises was its sharp decline across the decades, having fallen by roughly one-third in real value since its … Continue reading

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Raising the National Minimum Wage to (Almost) $12 per Hour

Republished from The Unz Review Earlier this week unfortunate Americans were shown the advantages of a functioning political system as the German government announced it would establish a minimum wage of $8.50 Euros or almost $12 per hour. In the past Germany … Continue reading

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Pelosi vs. Boehner on the Minimum Wage?

Republished from The Unz Review House Speaker John Boehner, the highest ranking Republican in America, has famously declared that he’d rather commit suicide than pass a minimum wage increase.  Meanwhile, California’s own Nancy Pelosi, his opposite number, is a strong supporter … Continue reading

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Banquo’s Ghost as a Minimum Wage Initiative

Republished from The Unz Review In all respects except one, the last week couldn’t have been better for my California initiative to raise the state minimum wage to $12 per hour, the highest in the America. NPR broadcast a remarkably long … Continue reading

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Understanding the CBO Analysis of a Minimum Wage Hike

Republished from The Unz Review Three weeks ago the powerful political momentum favoring a large minimum wage hike received a major setback as the Congressional Budget Office (CBO) released its report indicating that the Democratic goal of raising the minimum wage to … Continue reading

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A Moderate Democratic Billionaire and a Moderate Republican Billionaire

Republished from The Unz Review An important story ran Saturday ran in the Los Angeles Times: Bid to hike L.A. minimum wage gets pair of powerful backers As the L.A. City Council examines the ‘living wage’ issue, philanthropist Eli Broad and … Continue reading

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Walmart, Peter Thiel, the Weekly Standard, and Other Dog-Biters

Republished from The Unz Review Our media naturally tends to cover stories that are surprising or unexpected far more than boringly routine ones, and this has certainly been a central aspect of my ongoing initiative campaign to raise the California … Continue reading

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Should We Cut the Minimum Wage?

Republished from The Unz Review The current debate raging over the role of the minimum wage is usually presented as being fought between two choices. On the one side are those who advocate a large wage hike and on the … Continue reading

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What’s Good for America Is Good for Wal-Mart, and Vice-Versa

Republished from Forbes During the 1950s peak of America’s post-war prosperity, Detroit was our wealthiest city, General Motors our biggest employer, and GM CEO “Engine Charlie” Wilson delivered the famously misquoted claim that “what was good for our country was … Continue reading

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The Conservative Case for a Higher Minimum Wage

Republished from Fox & Hounds Daily Over the last couple of months the minimum wage has moved into the political headlines, but most of the arguments for raising it have come from liberals.  That’s fine, but since I’m not a … Continue reading

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Higher Minimum Wage Would Help Immigrants, Taxpayers

Republished from The San Jose Mercury News Millions of California immigrants work in low-wage service industries. They would be among the greatest beneficiaries of our ballot initiative to raise the state minimum wage to $12 per hour. Latinos, many of … Continue reading

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Raising the Minimum Wage Isn’t an “Anti-Immigrant” Idea

Republished from The Unz Review Simple ideas buoyed by a tidal wave of popular sentiment are difficult to oppose, and subterfuge is one of the favored methods. National support for raising the minimum wage runs between 70% and 75% in … Continue reading

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The Minimum Wage and Illegal Immigration

Republished from The Unz Review Although our school textbooks claim we live in a democracy or a representative republic, a more accurate formulation might label our polity a “mediocracy.” Our views and votes as well as those of our elected … Continue reading

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Rightwingers for Higher Wages

Republished from The Unz Review In my last column I had noted that the national debate over poverty and inequality had drawn a peculiar response from mainstream conservatives. Whereas liberals advocated making work pay by raising the minimum wage, their conservative counterparts … Continue reading

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How California Can Raise All Boats

Republished from The Los Angeles Times California is home to both Silicon Valley and Hollywood, two of the world’s greatest wealth-producing engines, and much of the state enjoys tremendous affluence. By some estimates, my own town of Palo Alto has … Continue reading

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Conservatives for More Welfare

Republished from The Unz Review As economic inequality and the plight of the working-poor have suddenly erupted as leading topics in the national debate, the proposed solution of a big minimum wage hike has evoked many varied reactions. On the Democratic side, … Continue reading

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Raise the Minimum Wage to $12 an Hour

From Making Low Wages Livable – A Symposium  in The New York Times Tens of millions of low-wage workers in the United States are trapped in lives of poverty. Many suggestions have been put forth to improve their difficult situation, ranging from … Continue reading

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A $12 Minimum Wage: Transforming Policy Idea into Political Reality

Republished from The Unz Review As most readers have no doubt already heard, early last week I filed the text of an initiative that would raise California’s minimum wage to $12.00 per hour, a figure far higher than that of any … Continue reading

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Open Borders, American Elites, and the Minimum Wage

Read at The Unz Review Last week I took a brief break from two months of concentrated software development effort on my new publication The Unz Review to travel to NYC for a debate on a hypothetical “Open Borders” proposal for private … Continue reading

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NR on TNR on Unz on Minimum Wage/Immigration

Over the weekend, a leading financial voice at National Review—central ideological pillar of the mainstream American Right—gingerly endorsed my suggestion that a $12.00 per hour minimum wage be required as part of any Congressional immigration legislation. Perhaps miracles do indeed sometimes … Continue reading

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American Pravda: ZeroHedge

For years futurists have been regularly prophesizing that the power of the Internet will level the playing field between the mighty and the weak, and one more nugget of evidence that this day is finally dawning has now come to … Continue reading

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No Immigration Amnesty Without a Minimum Wage Hike

No Immigration Amnesty Without a Minimum Wage Hike Salon, May 18, 2013 Congress is currently considering bipartisan legislation providing an amnesty for America’s 11 million illegal immigrants, probably combined with extra visas for skilled workers and an agricultural guestworker program. … Continue reading

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Oops!!

With all eyes and all headlines fixed so intently upon Boston’s two Caucasian Bombers, hardly anyone has been paying attention to revelations of a far more devastating disaster that unfolded close nearby, but which were generally buried on the inside … Continue reading

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A Minimum Wage Hike as Amnesty-Killer?

My Friday Aspen Institute panel in DC on raising the minimum wage went well, though the discussion underscored the somewhat insular thinking of many of the policy elites who dominate life in our capital city. As an example, although the audience … Continue reading

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