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Labor and WagesLegal System
We should stop asking if workers deserve a “living wage” and start asking if the minimum wage actually helps workers obtain one.
The EntrepreneurLabor and WagesProtectionism and Free TradeValue and Exchange
Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.
Labor and WagesTaxes and SpendingWar and Foreign Policy
The US military has long acted as a jobs program, for both citizens and non-citizens alike. It's time to cut it all back.
Bureaucracy and RegulationLabor and Wages
Profit-oriented business organizations that demand political conformity in the workplace are mimicking government agencies, and we must turn to Mises's book Bureaucracy for guidance.
Labor and Wages
The salaries of pro athletes has little to do with athleticism and everything to do with the entertainment the public receives from them.
Booms and BustsLabor and WagesBusiness Cycles
Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”
Price controls, tariffs, and wage controls are politically attractive as such powers are to a ruling clique, but they make no sense economically.
With tariffs, favored industries receive more and the entrepreneurs receive less, lowering their profits and making them less likely to take future risks.
Labor and WagesValue and Exchange
There is only one way that leads to an improvement of the standard of living for the wage-earning masses: an increase in the amount of capital invested.
The EntrepreneurLabor and Wages
Countries with the highest levels of robotization have the lowest unemployment rates.