YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Minimum Wage
  • The Unlivable Living Wage

    For every action there is an equal and opposite reaction — this is an understood and unquestionable law of physics. It’s also in many aspects a law of human nature and political science. For every policy we chose to impose, for every war we fight, for every law we make there are inevitable reactions and …

  • Price Controls Don’t Work…unless We Call Them “Living Wages”

    In 1850, Frederic Bastiat — one of the greatest of the classical economists — wrote what is arguably one of the most powerful essays which describes the foolishness of government intervention in the free market. In the parable of the broken window, he clearly explains that economic decision making can adequately be described as an …

  • The Fast Food Strikers Are Misguided — and the Data Prove It

    On July 29, a walk-out strike was coordinated across the country by workers in the fast food industry in a protest for higher wages. The McDonald’s chain garnered the most attention by the media as pundits debated the state of the economy with these strikers as fodder. At these walk-outs, workers were donning red clothing and …

  • McDonald’s Employees’ Monthly Budget… do you get fries with that?

    The Atlantic recently ran an article examining the collaboration between McDonald’s and Visa to help their low-pay workforce learn how to budget efficiently. The financial planning site assumes that the average McDonald’s employee works 40-hour weeks and still maintains a second job that pays nearly as much. The Atlantic points out that average rent 2012 …

  • New Poll: 80% of Americans in Need of Economics Lesson

    I was just browsing Reddit when I saw a link that caught my attention: 80% of Americans Support Raising the Minimum Wage to $10.10 per hour.  My first thought was, “80 percent? Wow.” And not a good “wow.” I am baffled by this statistic. But then I did a little bit of research (not much at …

  • Free Markets 101 — Jenganomics and The Effects of Minimum Wage

    In light of the recent proposal by President Obama to raise the minimum wage to $9, my YAL chapter here at Louisiana State decided to repurpose the Jenganomics game to reflect the disastrous effects that minimum wage laws had on the job market and, consequently, the economy at large.  We used the Jenganomics game by …

  • Obama Is Wrong on Minimum Wage

    [The following originally appeared in The College Fix on February 17, 2013. It has been approved for re-posting.] President Barack Obama’s call for the minimum wage to be increased to $9 an hour during the recent State of the Union address is a bad idea for many reasons, not the least of which are potential …

  • Debunking Statist Arguments: The Minimum Wage

    The people of the “Occupy” movements certainly have their hearts in the right place.  However, many of their brains are somewhere way off this planet.  Though they tend to diagnose problems of corporatism well, their demands are often ultra-statist, unfortunately aligning quite often with what the Washington establishment wants.  Indeed, in some cases, implementing the …

  • The Minimum Wage — the Triple Sin of Statism

    Like so many other “Progressive” governmental economic policies, the federal minimum wage can be traced back to FDR and the New Deal, certainly one of the most expansive government programs in the history of the United States. Wildly popular amongst the left and supported by the Republican Party for political points, the minimum wage was …

  • Economic “Justice” = Widespread Misery

    This is shockingly offensive to liberty.  The “expert” explains around 1:40 how a young person’s willingness to work for less than minimum wage could created an “unjust” society. Appalling. H/t LewRockwell.com: Listen to the BRILLIANT little girl explain to the ECONOMICALLY-IGNORANT “expert” about the evils of minimum wage laws and how the ECONOMICALLY-IGNORANT “caring” NAZI …