Monthly Archives: January 2007

It’s the Market, Stupid: Negative Economic Impacts of Raising the Minimum Wage

27 Replies

Before beginning to write this article, I was of the opinion that minimum wage should at least be adjusted for the cost of inflation, but I had put little additional thought into the matter. Raising the minimum wage is certainly a popular idea with Americans today. Indeed, Americans overwhelmingly support an increase in the minimum wage. Sadly, however, we can not rely on the good judgment of Americans at large to determine what is a good idea (we can’t even count on them to stick to their guns….war in Iraq, anyone?).

The idea of a minimum wage was originally applied in Australia and New Zealand. The U.S. Federal minimum wage was established in 1938 at $0.25/hr and covered less than half of all jobs. The current minimum wage is $5.15 and covers more than 75% of all jobs.

I’d like to discuss some of the implications of a minimum wage hike and some of the claims that have been made about its effects. But before I delve into the details of the wage hike, I think it’s important for a brief reminder of market economic theory 101.

Continue reading →

Pages: 1 2 3

A Reminder About Proper Christian Behavior

6 Replies

Some recent unpleasant interactions between Christians have been weighing on my conscience. As I sat in eucharistic adoration this morning, I asked God what I should have done/be doing. Just before leaving the chapel, I prayed morning prayer of the divine office and the scripture reading was this:

“Let no evil talk come out of your mouths, but only such as is good for edifying, as fits the occasion, that it may impart grace to those who hear. And do not grieve the Holy Spirit of God, in whom you were sealed for the day of redemption. Let all bitterness and wrath and anger and clamor and slander be put away from you, with all malice, and be kind to one another, tenderhearted, forgiving one another, as God in Christ forgave you.” – Ephesians 4:29-32

I think God wanted me to remind myself and others of this teaching. While I’m on the subject, I’ll throw in the following for good measure.

“[T]he whole law is fulfilled in one word, ‘You shall love your neighbor as yourself.’ But if you bite and devour one another take heed that you are not consumed by one another…If we live by the Spirit, let us also walk by the Spirit. Let us have no self-conceit, no provoking of one another, no envy of one another.” – Galatians 5:15,25-26

Port Authority Transit is Riding Me

6 Replies

Somebody at Port Authority Transit must have a screw loose.

Port Authority transit cutbacks are biggest in history

The series of bus and trolley changes include eliminating:

  • 124 of 213 weekday bus routes.
  • 55 of 100 Saturday bus routes.
  • 26 of 75 Sunday and holiday bus routes.

Light-rail service would be trimmed by cutting hours of operation and increasing the time between trolleys. Besides reducing the number of daily transit vehicle hours, the changes would reduce the number of one-way vehicle trips by 24 percent and overall ridership by 11 percent, the authority has estimated.

Continue reading →