San Francisco residents recently voted on Proposition F – a measure introduced on the ballot (supported by community organizers, some landlords and unions representing hotels most prominently) which intended to limit short-term rentals to 75 days annually and allowed a few other provisions for lawsuits against private owners in violation of city law. One of […]
supply and demand
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…