News Story of the Day: Interesting. Advocates of the minimum wage say that it doesn’t make economic sense. For whatever reason, they’re still supporting the push for a mandated minimum wage because…well, it feels good!
Speaking to the Sacramento Bee, California Governor Jerry Brown conceded that “economically, minimum wages may not make sense.”
This comes as Brown is following his counterpart in New York in raising the minimum wage to $15 an hour. Despite it not making any economic sense, Brown said: “Morally and socially and politically, [minimum wages] make every sense because it binds the community together and makes sure that parents can take care of their kids in a much more satisfactory way.”
Too bad that these people Brown wants to help will eventually suffer economically. Oy vey…
Chart of the Day: MarketWatch is out with a new chart that asks the question: are people losing interest in Donald Trump? If you follow the numbers then the answer would be yes. It seems that ever since Trump made those abortion comments a couple of weeks ago, Trump has lost some support – his dip in support has actually gone further back to the Arizona primaries. Perhaps this is why he lost Wisconsin to Texas Senator Ted Cruz. (Want a libertarian critique on Trump then check here). Here is the chart:
Illustration of the Day: Despite the endless scandals, the demonic cackle and the constant lies that embody her career and campaign, Hillary Clinton is still defended by the mainstream media. Of course, as predicted by many of her opponents, any criticism of her will be judged as being sexist and anti-woman. This illustration pretty much sums up coverage of the 2016 Clinton presidential campaign:
#HillarySoQualifed that every corrupt ‘journalist’ supports her. pic.twitter.com/qWdqdQ3WE0
— Jeblary Bushton (@Jeblary2016) April 7, 2016
Quote of the Day: Mises Institute’s Ryan McKaken is out with a new article that talks about the costs of education:
“Without these loans, students would be far more sensitive to increases in the cost of education, and colleges would have to find ways to cut costs in order to remain competitive in terms of pricing. With a nearly endless stream of government loans, however, colleges need never have to worry about cutting costs. Government subsidies will simply make up the difference, and price-sensitive students will go to college anyway. The downside comes later when students must then pay off large loans.”
Video of the Day: How come “Democratic” socialism, the so-called 21st century update of socialism, doesn’t work? Steven Crowder takes a look at why the Bernie Sanders flavor of socialism is doomed to fail.
The minimum wage is what the worst worker gets paid. Can business afford to pay better workers much more?