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New research shows that minimum wage laws have reduced teenage employment and left them less skilled

Minimum wages are bad public policy which hurt the very people they are meant to help. New research illustrates one more avenue in which this works. Minimum wages push teenagers out of the workforce and the extra human capital they get from any extra education is more than offset by that lost from not working....

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America’s Leading Scholar and Fan of Apprenticeships

Economist Robert Lerman is one of the nation’s leading authorities on apprenticeships. He’s also one of their strongest advocates. I met him two years ago and then interviewed him two weeks ago at his office at the Urban Institute in Washington for a book I’m writing which has grown out of American Experiment’s “Great Jobs Without a Four-Year Degree” project. Tentatively titled Educational Roads Less Travelled: How America’s Fixation on Four-Year Degrees Limits Careers and Economic Prosperity, I’m guessing an editor somewhere along the way will declare the first part insufficiently frightening and change it. Here are a few of...

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On Business Taxes, Minnesota Is Near the Bottom

I came across this slide from a presentation that was put on in another state. It shows the states' ranks with respect to business tax climate, based on data from the Tax Foundation and Applied Analysis. Click to enlarge: Imagine how much stronger Minnesota's economy would be if we were average with respect to business taxes, rather than bringing up the rear along with New Jersey, New York and California! Is it too much to ask from our legislators that they at least try to bring us up to average?...

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China’s communists recognize that taxes are disincentives

The Chinese authorities want fewer foreign players coming into the country and a tax on foreign player purchases is their chosen tool. Even in communist China, taxes are recognized as disincentives. Of course, the Chinese are much less communist than they used to be which is why they are much richer than they used to be. ...

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