Editor: we originally wrote this as a four part blog post in June 2009, only a few months after we started the site. The ACA passed and is the law of the land, but we’re leaving our contrary post up (and merged to one post) for posterity. Enjoy a snapshot in time! Part 1: Lies, […]
Next month, the minimum wage in America is going to raise from $6.55 an hour to $7.25 an hour. The $6.55 to $7.25 jump is the last of the increases to the minimum wage under the Fair Minimum Wage Act of 2007. The minimum wage is a sexy law; politicians can stand hand in hand with the lowest income workers and say, “I’m fighting for you!”. Unfortunately, the low income workers are holding the hands that hold them down.
Assuming reducing the United State’s usage of oil is a worthy task, the method used to go about it is all wrong. CAFE standards mandate the production of a certain class of vehicles… generally smaller and more efficient. However, there is no disincentive to convince consumers to stop buying the larger, more inefficient vehicles. Read on for a look at some of the myths and solutions to this interesting problem…