poor (page 7)

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    Re: Econ 101 as important as ever

    Mitch’s post of George Mason University economist Donald Boudreaux’s piece for the Martin Foundation made me wonder: What kind of law professor could be so averse to the discipline of economics? And then I remembered the calculated aversion to mainstream economics exhibited by the UNC Law School’s “Center on…
    Jon Sanders, February 22, 2017
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    Professor worked 4 months for check-cashing store. You won’t believe what she found out!

    (You’ll forgive me, I hope, for spoofing the click-bait headline writing of silly sites like Buzzfeed who traffic in sensationalism, fake news, and cat pics.) A good read in Business Insider: Lisa Servon, a professor of city and regional planning at the University of Pennsylvania and former…
    Jon Sanders, February 14, 2017
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    Matthew reminds us: electricity really is a basic human necessity

    The idea for my Carolina Journal column today came to me Sunday night, while I was sitting in the dark with the rest of my family reading by candlelight and hoping we would have power and water restored soon. Duke Energy’s blanket announcement that it’d be done by…
    Jon Sanders, October 13, 2016
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    If demand curves slope upwards, hiking the minimum wage makes all kinds of sense. Otherwise, it’ll cause more harm than good.

    Regarding low-wage work in North Carolina: How many jobs would be lost by making it more expensive to hire low-wage labor is a research question; what isn’t a question is that thousands upon thousands of jobs would be lost, not gained. Skyrocketing the minimum wage over double its…
    Jon Sanders, October 12, 2016
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    Democrats’ shameful advocacy of sales taxes matched by media hypocrisy about them

    John Hood’s column today explodes the mendacity in Democrats’ campaign rhetoric of opposing taxes on the working class, citing numerous times over the past decade they voted to raise sales taxes and other taxes “dramatically on households of low to moderate incomes.” Ah, but that’s campaign rhetoric, one might say. Why, it’s…
    Jon Sanders, September 21, 2016
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    Your “faith and morality”–based wage would devastate North Carolina

    Last week, The News & Observer published an op-ed by a community activist making a case for a $15/hr. minimum wage (to politicians, in order to get votes). Other local activists and "moral" demagogues have been arguing for a $15/hr. minimum wage either from "faith and morality" or as virtue-signaling. The editors of the N&O have actually written for publication, and not on April 1, that doing so would "boost the economy" and put "more workers in the active economy." They wrote that "$15 is not an unreasonable national goal." "Raising the minimum wage lifts everyone," they concluded according to their house brand of economics. The recent column included this factoid: "Low pay is so pervasive that nearly half of North Carolinians today earn less than $15 an hour." Nearly half. Which would mean, if the federal minimum wage were hiked to over twice its size right now to $15/hr., that nearly half of the workers in North Carolina would be directly affected. So does that mean nearly half would suddenly get a raise? No, it means a significant portion would lose their jobs, because the government suddenly made them too expensive to keep on the payrolls. Some would get a raise. Many, many others would no longer get paychecks.
    Jon Sanders, September 15, 2016
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    Detroit News editorial: ‘Green energy’ hurts the poor

    The editorial, by Utah State professor William Shughart and researcher Michael Jensen, reiterate points made here. They argue that the politicized drive for “green energy” is drowning out the much greater problem of energy poverty. (The chart on the right comes from a recent Locker Room post about energy…
    Jon Sanders, August 16, 2016
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    Another unintended consequence of putting people out of work by hiking the minimum wage: more crime

    The minimum wage makes it harder to employ the poorest and least skilled by pricing them out of the job market. When the law does that, all that is left — based on the assumption that accepting fate and starving to death is counter to the primal human impulse to…
    Jon Sanders, July 27, 2016