Raising the Minimum Wage: Winners and Losers
Raising the Minimum Wage: Winners and Losers
The first federal minimum wage bill was signed into law during Franklin D. Roosevelt’s second term as U.S. President. The Great Depression gave Washington a pretext to enact sweeping economic restrictions. So, by 1938, Congress had made it illegal for employees to charge less than 25 cents per hour for their labor services. Today’s inflation-adjusted...
By Dr. Alex Tokarev
Money Builds Civilizations; But in the Wrong Hands, It’s Dangerous
Money Builds Civilizations; But in the Wrong Hands, It’s Dangerous
Money was the tool that built our civilization. But, in the hands of the government, it can become a weapon of mass destruction. Let’s start with a simple explanation of how money greases the wheels of the economy: Step 1: Tom has $1 in the bank. Dick knits a scarf. Harry borrows $1 to buy...
By Dr. Alex Tokarev