Minneapolis recently decided to jump on the minimum-wage bandwagon. This bandwagon is led by the “fight for $15” activists who are attempting to increase the minimum wage to $15 per hour for the entire country. Since a blanket minimum wage increase at the federal level is not possible, they are going to localities instead. Under … Continue reading Minneapolis May Experience An Uglier Minimum-Wage Fiasco Than Seattle
Debating inequality turns into a partisan mudslinging debacle, and it’s because people are not being clear on what they actually care about.
Scenario 1: A sexy, red, Lamborghini roars past while you pedal away on your old bike to work. Up ahead at the red light, you see the Lambo sitting there. As you ride up, you peek to see what the driver of this beauty looks like. You notice that the driver is roughly the same … Continue reading Simon Kuznets: The Growing Pains Ain’t Going Away
The “American dream” is rooted on the idea that people can go from “poor” to “not poor” in this country with a can-do attitude and strong work ethic. Although we’ve heard a handful of these “rags to riches” stories, research shows that it ain’t as easy as it used to be. In this series, we … Continue reading Capital and the American Dream