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.
Congress should follow the Texas approach to child safety online
Big Tech is fighting this tooth and nail. But it’s the right thing. Few things have been more troubling in recent years than the unfettered social experiment of throwing children in front of black mirrors and hopping them up on app-induced dopamine. After a decade of witnessing the hollowing out of their children firsthand, parents...