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Economy

What Puerto Rico Can Teach Us About Raising the Minimum Wage

By | Economy | No Comments

This week, twenty states began implementing minimum wage increases that were passed during 2016. As the country waits to see how these increased wages this will affect the economy, the U.S. territories have already provided us with a grim example.  After the 2007 Fair Minimum Wage Act was passed, each of the fifty states was required to raise the minimum wage from…

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Can Parents Afford a Higher Minimum Wage?

By | Economy | No Comments

For decades, free market economists have warned that there are consequences to raising the minimum wage. However, despite economic principle and historical examples pointing to the contrary, labor activists have continued to campaign for a higher minimum wage, clinging to the belief that a “living wage” will result in the…

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Regulators Set Sights on Venmo

By | Economy | 5 Comments

  The government thrives on regulation, and when new and burgeoning markets find themselves operating in unregulated territories, it doesn’t take long for the state to intervene. Technological advances have been leading us away from a cash-based society for some time. Debit and credit cards have been the preferred substitutions…

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