Why Are There So Few Job Losses from Minimum-Wage Hikes?

Both proponents and opponents of federal minimum-wage hikes are convinced that if Congress raises the minimum wage (whether to $9 or $10.10 or $15 an hour) the welfare of tens of millions of low-income workers will rise by a comparable amount. The two sides disagree over the extent of the job losses low-wage workers will suffer, but both sides acknowledge that most econometric studies over the past half-century show that a 10 percent hike in the federal minimum wage results in job losses for unskilled workers of no more than 3 percent, and potentially less than 1 percent. Most recently, the Congressional Budget Office found that if the minimum wage is hiked to $10.10, expected job losses by 2016 will amount to a scant 0.3 percent of the jobs affected.

The Bite of Pet Costs

The Wall Street Journal: In response to retirees’ growing spending on pets and hobbies, NCPA Senior Fellow Pam Villarreal suggests that pet owners take advantage of low-cost vaccinations and double-check their vet’s medication prices against the marketplace in a Wall Street Journal article.

The Marketplace Fairness Act:Tilting the Playing Field

Last year, the U.S. Senate passed the Marketplace Fairness Act (MFA), allowing states to require online retailers to collect and remit sales taxes for each buyer’s state. Though the House of Representatives is unlikely to pass the bill anytime soon, the issue will likely come up again. Under the Senate bill, online retailers could collect an estimated $22 billion to $24 billion in sales tax that now goes uncollected.1

The Left’s “Wars”

The Wall Street Journal: As public attention turns to the midterm elections,NCPA former Board Chairman Pete Du Pontoutlines the Left’s attacks on education, the rule of law, and the Republican Party.