Having damaged the low wage labor market in Minneapolis, $15 activists now have to pursue employers and jobs into neighboring areas, starting with St Paul. But the economics remain the same. If productivity doesn't increase, neither will wages....
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Productivity drives earnings. Arguments that it doesn't are based on the selection of poor variables, incomplete data, and misleading measures of inflation....
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New research shows that higher minimum wages lead to more automation. ...
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The phrase 'A fair day's wage for a fair day's work' has a long history. From an economic standpoint, the maxim ought to be a fair day's wage for a fair day's production....
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New research shows that it isn't intra-state competition that has been driving capital taxes down, but changes in tax rates and input costs abroad, U.S. macroeconomic conditions, the capital income share, and technology. When setting tax rates, policymakers in St Paul will have to take these factors into account. ...
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As its population ages, Minnesota needs a more productive labor force more than it needs a larger one...
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Gov. Dayton's offer to Amazon is likely to include tax breaks. If so, that would be an admission that low tax rates attract business. ...
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The much vaunted 'labor shortage' need not be a problem if we have sufficient investment and innovation to make the workers who remain more productive...
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Hurricane Harvey is and continues to be a human tragedy. Particularly in the regions affected, it will be an economic one as well. ...
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It was not labor but invention and innovation that created the wealth which allows us to work less and our kids not at all. How about we have a day to celebrate that? ...
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