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Tag: minimum wage

  • Quotes

Milton Friedman on Minimum Wage

admin December 31, 2024
“Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition.”
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  • Quotes

Thomas Sowell on Wages and Prices

admin December 20, 2022
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  • Quotes

Thomas Sowell on Minimum Wage

admin December 16, 2022
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  • MEMEs and Comics

Fight for 15 is a violation of rights

admin December 16, 2022
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  • Blog
  • Debunking Economic Absurdities

On jobs

admin July 28, 2022
These tweets are simply ignorant. People don’t take the time to even think one step ahead these days. If jobs exist that don’t pay a…
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  • Blog
  • Debunking Economic Absurdities

Can minimum wage workers afford a two-bedroom apartment?

admin January 8, 2022
As it turns out, yes they actually can, in every state. If you look at whether there is a 2 bedroom apartment within the price…
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  • Blog
  • Debunking Economic Absurdities

The Lefts Voodoo Economics on the Minimum Wage.

admin February 15, 2021
Rep. Ilhan Omar and many other left-leaning think tanks and operatives are repeating the talking point that 27 million workers would receive a wage raise…
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  • Blog

Why is AOC touting Marx’s defunct Labor Theory of Value?

admin January 24, 2020
Alexandria Ocasio-Cortez recently said “No one ever makes a billion dollars. You take a billion dollars.” When asked to elaborate she explained that billionaires do…
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  • Blog
  • Debunking Economic Absurdities

No, productivity is not divergent from income.

admin November 17, 2019
You may have seen the below chart arguing that worker productivity has increased, but their compensation has not kept up. However, after looking closer into…
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  • MEMEs and Comics

ObjectoBot Original: How minimum wage works

admin February 14, 2019
How minimum wage works, updated for inflation lol. This was the original.
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  • Blog

Amazon raising starting salary to 15$ per hour only helps those whose productivity justifies that wage.

admin October 3, 2018
Amazon just committed to raising the starting salary for all employees to 15$ per hour.  What is the economic impact of that decision?  The answer…
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  • Blog
  • Debunking Economic Absurdities

People are fighting for 15$ minimum wage like they are some sort of hero. In reality, they are hurting exactly the people that need help the most.

admin October 27, 2015
Those who are making minimum wage and are advocating for an increase, I can forgive. If they were knowledgeable about economics they probably wouldn’t be…
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  • Blog
  • Debunking Economic Absurdities

Walmart Vs Costco

admin April 10, 2013
With minimum wage in the news, Costco got a lot of attention for paying their employees $17 per hour, while Walmart only pays about $9…
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  • Blog
  • Debunking Economic Absurdities

Pundit Krugman is wrong on minimum wage, while economist Krugman is right?

admin February 18, 2013
How you may ask, can Objectobot, practically a nobody, criticize and ridicule a decorated economist like Krugman in his own field.  Krugman is a recognized expert in economics, why should you…
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