Economists of all schools tend to agree that a higher minimum wage leads to job losses (SEE: Paul Krugman on the minimum wage: 1998 vs. 2005), whether it’s in the short-term (hey, Seattle) or in the long-term (look at McDonald’s rapid automation). It wasn’t much of a surprise then to see a new report that […]
Archives for August 2015
NYC voters say Mayor Bill de Blasio’s plan to cap Uber motivated by political donations from taxis
New York City Mayor Bill de Blasio may have reached an agreement with Uber to delay any cap on growth until at least Apr. 2016, when studies are conducted. But many voters believe de Blasio’s initiative was motivated by political donations from the taxi industry, says a new poll. According to a Quinnipiac University survey, […]
Video: ‘Serfdom USA’ should be campaign song for Clinton, Bush and Trump
The Future of Freedom Foundation released a new music video entitled “Serfdom USA,” a very cheesy but effective song. It’s about a group of young kids wanting a person or a group with the people’s best interests. Ha! The singer holds F.A. Hayek’s “Road to Serfdom” at the start and explains about the tyranny, centralized […]
Week in Review: Aug. 3 to Aug. 9
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Guest Post: Are Business Books An Overlooked Key To Success? Will taxpayers be forced to make up for weak state, local governments’ pension returns? 8 Paul Krugman quotes […]
5 random things for a Friday (Donald Trump loves gold)
News Story of the Day: Another case of unions destroying a company? Perhaps. The telecommunications industry is drastically evolving, and consumers are changing their habits. Businesses still have to adapt to this, and one way to accomplish this is to change payment structures from years ago. But unions won’t allow this. Contract negotiations between the […]