A minimum wage is a government-mandated wage control that takes negotiating power away from workers and employers. There is a rare near consensus among economists that binding price controls distort economic activity, but politics often gets in the way of seeing the fallacy of a wage control. Setting a minimum wage floor above a market wage results in unemployment, especially for low-skilled workers. It also slows future job creation and pushes unemployed workers who would take a wage at less than a minimum wage into long periods of unemployment and dependency on family or taxpayers.
Too Close for Comfort
The last decade of homeless policy has been an abject failure. Currently the United States is facing the highest levels of homelessness and encounters with the mentally ill are increasing in Texas’ large cities. The blame can be squarely fixed on ‘Housing First’ which has prioritized a ‘one size fits all’ approach while ignoring the underlying causes of chronic homelessness. When...