Maximum Suffering & Rockwell Rock (Podcast)

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This week on the show, Dan and I discuss: Minimum wage, maximum suffering Peter Schiff passes the hat for higher wages Obama admin to allow catastrophic plans 67% want Obamacare delayed 72% say big government is biggest threat to U.S. Steve Rockwell, man of mystery … [Read more...]

Minimum Wage, Maximum Suffering

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Yesterday, I attended a press conference hosted by Give Arkansas A Raise Now. What I heard were a bunch of demands that Arkansas raise its minimum wage -- and a bunch of assertions that doing so would have a positive impact on our state’s economy. What I didn’t hear was any empirical evidence that backs up this claim. The group is led by Steve Copley, a United Methodist pastor. One reporter at the briefing asked him to respond to the argument that raising the minimum wage will force layoffs … [Read more...]

Raising the Minimum Wage: Unfair to Working Students And Still a Bad Idea

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The House Public Health Committee is slated to take up Rep. Butch Wilkins’s minimum wage hike tomorrow morning. The proposal would raise the state’s minimum wage from $6.25 to $8.25 -- unless you’re a full-time student who works less than 20 hours a week. Under current law, these students are only entitled to 85% of minimum wage -- Rep. Wilkins’s bill would cut that percentage by 20 points, down to 65%. What would the real effect be for working full-time students? Let’s do some … [Read more...]

Why Hiking the Minimum Wage is Bad for Everyone

minimum wage

This week, state Representative Butch Wilkins introduced a bill to increase the government-mandated minimum wage from $6.25 to $8.25 per hour -- an increase of 32%. Raising the minimum wage is one of those ideas that sounds great as long as you don’t think about it very much. Perhaps the most immediate consequence for Arkansans will be the artificial spike in prices on consumer goods. How many of you would like to pay 32% more for your meals? But of course you won’t pay exactly 32% more for … [Read more...]