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Most economists oppose the $15-an-hour minimum wage – Here’s the stunning reason why
March 2019 · Llyod Corder · Fox News
According to an old saying, if you ask five economists for advice you’ll get five different answers. But when it comes to a $15-an-hour federal minimum wage, economists are in near-universal agreement: it’s a bad idea. That’s the conclusion of a new survey conducted by CorCom Inc., the company I head. The survey was released this week by the Employment Policies Institute. The survey coincides with the push… -
Burger-Flipper Arbitrators
March 2019 · Michael Saltsman and Michael Lotito · Wall Street Journal
Now that the Fight for $15 movement has achieved a higher minimum wage in New York City, its backers at the Service Employees International Union want to make fast-food workers hard to fire. City Councilman Brad Lander introduced legislation in February that would effectively abolish at-will employment in chain restaurants—those with 30 or more locations nationwide, whether corporate-owned or franchised. The bill is unprecedented in its scope;… -
Dems should follow Bill Clinton’s lead on minimum wage hike
January 2019 · Michael Saltsman & Samantha Summers · The Hill
One of the Democrats’ top priorities in the new Congress is a $15 minimum wage — a 107-percent increase over the current standard. Before embracing a federal wage mandate for which there’s no historical precedent, party leaders should take a lesson from former President Bill Clinton. Clinton was a champion of a higher minimum wage, and in 1996 he signed into law a 21-percent federal wage hike. (In today’s… -
As minimum wage kept growing, restaurants didn’t
January 2019 · Michael Saltsman · Crain's New York Business
Has New York’s minimum wage experiment been a success or failure? For Gov. Andrew Cuomo, the verdict is all positive. He described the state’s minimum wage—which in New York City rose to $15 an hour Dec. 31—as a “national example in the fight for economic justice.” But employment figures paint a less-rosy picture. New York has more than a dozen different minimum wage rates depending on a… -
Is Amazon’s holiday hiring foreshadowing the future?
November 2018 · Samantha Summers · Reno Gazette Journal
This holiday season, Santa’s little helpers might come with a battery. While retailers across the country are beefing up seasonal hires to prepare for the holiday shopping apocalypse, Amazon is taking a different tack: hiring 20,000 fewer seasonal hires from previous years and increasing workplace automation. It may be a frightening preview of holidays to come: As mandated minimum wages across the country continue to rise, retailers are forced… -
A $15 Minimum Wage Goes National
November 2018 · Michael Saltsman · Wall Street Journal
The “Fight for $15” minimum-wage movement has fought its way to the top of Democrats’ 2019 agenda. Rep. Bobby Scott, a Virginia Democrat expected to chair the House Education and Workforce Committee next year, promised a minimum-wage bill would “be one of the first we consider.” Nancy Pelosi boasted last year that a $15 minimum wage would pass “in the first 100 hours” of a Democrat-controlled Congress.…