• About
  • Contact
  • Staff
  • Home
  • Essays
  • Forum
  • Podcasts
  • Book Reviews
  • Liberty Classics

March 8, 2019|Alexis De Tocequeville, Emmanuel Macron, EU, Minimum Wage, Nationalism, unemployment

Macron’s Attack on Nationalism Underscores Its Virtues

by John O. McGinnis|

French President Emmanuel Macron arrives at an EU leadership summit in Brussels, Belgium, November 25, 2018 (Alexandros Michailidis / Shutterstock.com).
This is the lesson of Brexit Macron has not learned: the drive for more European centralization will arouse nationalist passions that could end the EU.

July 6, 2018|Bill De Blasio, Difference, Markets, Minimum Wage, non-monetary compensation, Ridesharing

Markets, not Regulations, Can Make the Most of our Differences

by John O. McGinnis|

An Uber vehicle on the streets of New York City (Mike Dotta/Shutterstock.com).
Mayor De Blasio fails to understand how markets work: his latest idea to raise pay for ridesharing drivers is evidence of this.

March 13, 2017|Commercial Speech, First Amendment, Minimum Wage, political speech

Laws Preventing Business from Displaying the Costs of Regulation Are Unconstitutional

by John O. McGinnis|

Burlingham/Adobe Stock Images
Minimum wage laws always get passed on to the consumer, and government should not use regulations to hide this.

September 5, 2016|Disability, Income Tax, Labor, Licensing Regulations, Minimum Wage, Nicholas Eberstadt, Sigmund Freud

A Labor Day Program for Freeing Labor

by John O. McGinnis|

Nothing is more central to human flourishing than work.  Other animals expend energy to survive. But man evolved to make conscious toil for food and shelter. This aspect of our heritage is reflected in a psyche that for most still requires work for contentment.  Sigmund Freud was not right about everything, but he was certainly correct that love and work are the necessary conditions of a satisfied life.

While modern America has cleared out obstacles to love, however unconventional, it has put up more and more impediments to work.  Begin with the tax code. It raises most income from labor, not consumption. As a result, the government discourages work more than is required to run its operations. Nor can the decision to tax labor heavily be justified by concern about inequality.  For those who want their taxes progressive, a consumption tax can be made as progressive as an income tax.

Second, minimum wage laws prevent the least talented and able among us from participating in work.

Read More

April 12, 2016|American Exceptionalism, California, France, Jerry Brown, Minimum Wage, New York, robots

The Economic Denialism of a $15 Minimum Wage

by John O. McGinnis|

Both California and New York have passed minimum wage legislation that will prevent in relatively short order their citizens from working for less than fifteen dollars an hour.  The New York bill will double the minimum wage. The California bill will increase the minimum wage by fifty percent. Even in a political climate growing increasing hostile to liberty such legislation stands out as an egregiously irresponsible and ignorant intrusion on freedom.

We hear a lot about “denialists” when it comes to climate change, but these enactments represent a massive denial about basic truths of economics. When a commodity—in this case labor—becomes substantially more expensive, people will buy less of it. The result of these laws will more unemployment for the least able among us.

Does anyone doubt that if newspapers, including those who editorialize in favor of such increases, were required by the government to double their subscription price that they would sell substantially fewer newspapers? Or if the government decreed that salaries of tenured professors must be go up by half, that colleges would substitute other kinds of instructional tools for tenured professors?

Read More

October 21, 2015|income inequality, Inequality: What Can Be Done?, Minimum Wage, Sir Anthony Barnes Atkinson

Boringly Familiar and Wildly Utopian

by James Bruce|

This plebian reviewer read Professor Sir Anthony Barnes Atkinson’s Inequality: What Can Be Done? so you wouldn’t have to. Inequality inadvertently persuaded me that its topic is even less important than I’d thought it was when I began. But make no mistake, Atkinson’s a celebrated lion of the Left—the economist whom Thomas Piketty called “the Godfather of historical studies on income and wealth.” If he can’t persuade us inequality is a problem, no one can.

Read More

September 6, 2015|Employees, employers, Labor Day, Minimum Wage, Samuel Johnson

Honor Employers on Labor Day

by John O. McGinnis|

On Labor Day, we should praise employers as well as workers. In our economy employers make much of our labor possible by paying us wages. They make it more productive by arranging its structure most efficiently. They make it more forward looking by coming up with ideas for the next new product and service and by supplying the capital to get these ideas off the ground.

Yet many fail to acknowledge what a deeply moral act employing someone else in productive, legal work can be. By giving someone a job, an employer is not only providing a wage, but a framework of discipline and often a satisfying life that not everyone can provide for themselves. And large employers, like Walmart, do most of all by employing millions and creating paths for career advancement that would not otherwise exist.

In contrast, most of the shrill critics of companies like Walmart are academics and others who have never employed anyone except perhaps a nanny. They have done little to put bread on the table of their fellow man or set the less well off on a trajectory to a more ample livelihood.

Read More

July 31, 2015|Administrative State, Andrew Cuomo, Bill De Blasio, congestion cap, Minimum Wage, Uber

The Cuomo Pink Slip and the Cuomo Tax

by John O. McGinnis|

I cannot remember a time when New York’s Governor and New York City’s Mayor taken together pose a greater threat to liberty and prosperity.  Last week each proposed a dreadful policy. Governor Andrew Cuomo succeeded and Mayor Bill de Blasio failed. The different outcomes tell us a lot about what makes some statist proposals more likely to take effect and how to resist them.

Cuomo got his Labor Board to hike the minimum wage to $15 an hour for fast food workers throughout the state. I will not repeat my general arguments against substantial minimum wage hikes. But even minimum wage advocates concede that such sector specific wages will distort the labor market and create a less efficient mix of businesses. Moreover, any law that requires paying someone at McDonald’s in Troy, New York $15 an hour while someone working at Home Depot in New York City $9 an hour is patently irrational given the much higher cost of living in the city.

For his part, de Blasio proposed capping the growth of Uber in New York City ostensibly because the extra cars on the road were causing congestion, but in large measure because the taxi companies are some of his biggest supporters. Even if city streets were becoming more congested it is not economically rational to single out Uber. There is no reason to believe that the customers it serves are getting less benefit from driving around New York than those who take taxis or drive themselves.

What is interesting, however, is that the city council shelved this proposal.

Read More

June 22, 2015|Minimum Wage

Raising the National Minimum Wage Would Destroy the Job Market

by Per Bylund|

With President Obama’s call (link no longer available) to raise the national minimum wage to $10.10 per hour, Americans have been divided on how this would affect businesses and workers. Many opined that an increase would pull millions of workers above the poverty line, stimulate business profits, and even benefit taxpayers by reducing the number of citizens on food stamps. In reality, raising the national minimum wage would harm the very people it’s intended to help. By forcing business owners’ hands on the matter, the government would accelerate unemployment, diminish resources and profits for businesses, intensify the social divide, and undermine the…

Read More

December 4, 2014|Chicago, machine intelligence, Minimum Wage, skills

Chicago’s Foolish Decision to Hike the Minimum Wage

by John O. McGinnis|

I live in Chicago, which is a badly governed city in the worst governed state in the nation. And it has just made another serious mistake, raising its minimum wage to $13.00 by 2019 and to $10 by next year. Ultimately, the new minimum will represent an increase of more than 50 percent over the present one.

Many of the criticisms of minimum wage are well known. For instance, it tends to increase unemployment and this effect falls most harshly on the least skilled. Moreover, earned income tax credits are a superior, targeted way of helping the poor. But there are some very unfortunate aspects of this decision that are peculiar to Chicago and the time in which we live.

First, Chicago is part of a much larger metropolitan area.

Read More

  • 1
  • 2
  • Next Page »

Book Reviews

A Mirror of the 20th-Century Congress

by Joseph Postell

Wright undermined the very basis of his local popularity—the decentralized nature of the House—by supporting reforms that gave power to the party leaders.

Read More

The Graces of Flannery O'Connor

by Henry T. Edmondson III

O'Connor's correspondence is a goldmine of piercing insight and startling reflections on everything from literature to philosophy to raising peacocks.

Read More

Liberty Classics

Rereading Politica in the Post-Liberal Moment

by Glenn A. Moots

Althusius offers a rich constitutionalism that empowers persons to thrive alongside one another in deliberate communities.

Read More

James Fenimore Cooper and the American Experiment

by Melissa Matthes

In The American Democrat, James Fenimore Cooper defended democracy against both mob rule and majority tyranny.

Read More

Podcasts

Stuck With Decadence

A discussion with Ross Douthat

Ross Douthat discusses with Richard Reinsch his new book The Decadent Society.

Read More

Can the Postmodern Natural Law Remedy Our Failing Humanism?

A discussion with Graham McAleer

Graham McAleer discusses how postmodern natural law can help us think more coherently about human beings and our actions.

Read More

Did the Civil Rights Constitution Distort American Politics?

A discussion with Christopher Caldwell

Christopher Caldwell discusses his new book, The Age of Entitlement.

Read More

America, Land of Deformed Institutions

A discussion with Yuval Levin

Yuval Levin pinpoints that American alienation and anger emerges from our weak political, social, and religious institutions.

Read More

About

Law & Liberty’s focus is on the classical liberal tradition of law and political thought and how it shapes a society of free and responsible persons. This site brings together serious debate, commentary, essays, book reviews, interviews, and educational material in a commitment to the first principles of law in a free society. Law & Liberty considers a range of foundational and contemporary legal issues, legal philosophy, and pedagogy.

The opinions expressed on Law & Liberty are solely those of the contributors to the site and do not reflect the opinions of Liberty Fund.
  • Home
  • About
  • Staff
  • Contact
  • Archive

© 2021 Liberty Fund, Inc.

This site uses local and third-party cookies to analyze traffic. If you want to know more, click here.
By closing this banner or clicking any link in this page, you agree with this practice.Accept Read More
Privacy & Cookies Policy
Necessary Always Enabled

Subscribe
Get Law and Liberty's latest content delivered to you daily
  • This field is for validation purposes and should be left unchanged.
Close