Daily Policy Digest

Economic Issues

Proposed Ivory Ban the Wrong Approach

A proposed ban on elephant ivory trading by the Department of the Interior is unlikely to reduce the illegal ivory trade...

Success of the National Labor Relations Act

Rather than create a vibrant union employment sector, the National Labor Relations Act seems to have created a strong nonunion sector instead...

Why Is the Labor Force Participation Rate So Low?

The United States should reconsider what the proper role for the federal government is in the labor market...

Why Are There So Few Job Losses from Minimum-Wage Hikes?

An increase in the federal minimum wage from $7.25 an hour to only $9.00 an hour would actually make covered workers worse off by 35 cents an hour, thanks to cuts in fringe benefits, says Richard McKenzie, a senior fellow with the National Center for Policy Analysis...

The "77 Cents on the Dollar" Myth

If women are truly paid 77 cents on the dollar compared to men, then any business looking to maximize its profits can cut its labor costs by replacing its male workers with female workers...

Worksharing and Long-Term Unemployment

Under worksharing, a firm can reduce the hours of its workforce in lieu of a layoff, and workers whose hours have been reduced are eligible for a prorated unemployment insurance benefit...

Greek Economy in Shambles

The greatest danger to turning around an economy like Greece's is the political threat: with so many unemployed and underemployed citizens, frustration is taken out on politicians...

The Paycheck Fairness Act Is Based on Myth

When choice of job and time in the workforce are considered, studies demonstrate that women and men earn practically the same amount...

Fostering Upward Mobility

In a review of studies on intergenerational mobility, five factors were important determinants of income mobility: segregation, income inequality labor market challenges, welfare programs, education and family structure...

National Minimum Wage Hurts Low-Cost Areas

In low-cost areas, an employer cannot raise his prices to compensate for a 40 percent increase in the minimum wage up to the proposed $10.10 per hour...


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