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Minneapolis’s High Minimum Wage Claims More Victims

Whiskey Junction has been Minneapolis watering hole since the 1880s, but no longer: the bar is closing at the end of this month. The Pioneer Press reports: Owner Tom O’Shea announced the closure on Facebook, citing the city’s recent minimum wage increase, which was passed earlier this year. A portion of his post reads, “Unfortunately, after recent changes in the Minneapolis ordinances regarding minimum wages and primarily the lack of a tip credit provision, we feel now is the time to get out of the bar business. We fought for a voice to explain how minimum wage without a tip credit will...

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Minnesota’s households have high incomes, but only because each one contains more workers

More people working means more goods and services which means a higher standard of living. But the purpose of work is production, it is not an end in itself. In this respect, Minnesota's economy performs poorly. Minnesotans do a lot of work, but they do a poor job, compared to the national average, of turning that work into outputs. And that is the whole point. ...

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Milton Friedman: Giving Thanks for Free Enterprise

Milton Friedman (1912-2006) was one of the greatest economists of the 20th century. But, along with his academic work, he was a gifted writer of economics for a lay audience. For a number of years, he wrote a regular column for Newsweek, alternating with the Keynesian economist Paul Samuelson. Friedman was also interested in the politics of a free society, as well as its economics. Indeed, he argued that a free society needed a free economy and vice versa. In this column from Thanksgiving, 1974, Friedman looks at private enterprise proved itself superior to 'common' ownership in the early years of...

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Minnesota’s economy grew more slowly than 43 other states in the second quarter of 2017

Minnesota's economy grew more slowly than 43 other states in the second quarter of 2017. Much depends on trends at the national level, but the variations suggest that local factors play a role as well. What are these factors? How might we improve them? That is the subject of our new report, The State of Minnesota’s Economy: 2017....

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