Still more evidence of the power of the government welfare poverty trap: Seattle’s $15 minimum wage law is supposed to lift workers out of poverty and move them off public ... Keep Reading
poverty trap
How the Welfare State Creates Poverty Traps
I've written in the past about how the Welfare State creates an incentive structure that encourages government dependence over additional work income. In short, it is often the ... Keep Reading
New CBO Report: Obamacare’s Job Destruction Worse Than First Predicted
One the most important fundamentals of economics is the lesson that incentives matter. That is, the institutional rewards and punishments for certain behavior will result in people ... Keep Reading