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Labor and Wages
Price controls, tariffs, and wage controls are politically attractive as such powers are to a ruling clique, but they make no sense economically.
With tariffs, favored industries receive more and the entrepreneurs receive less, lowering their profits and making them less likely to take future risks.
Labor and WagesValue and Exchange
There is only one way that leads to an improvement of the standard of living for the wage-earning masses: an increase in the amount of capital invested.
The EntrepreneurLabor and Wages
Countries with the highest levels of robotization have the lowest unemployment rates.
Labor and WagesPolitical TheoryValue and Exchange
The division of labor is what made the West rich and has kept it rich. It's telling that Marx planned to abolish the division of labor altogether.
Free MarketsLabor and Wages
So impressive is compensation in the U.S. that even fast food businesses are bidding up wages to compete.
Big GovernmentLabor and WagesU.S. Economy
If Sanders's job-guarantee program were adopted, the only silver lining to the dark cloud is that it would provide additional evidence that government programs don’t work.
Labor and WagesProtectionism and Free Trade
What the labor group is conveying to the world is that it hates progress.
Global EconomyLabor and WagesMedia and Culture
Discrimination against women is a phenomenon of anti-capitalist and Muslim countries. Protection of women’s rights is a phenomenon of capitalist and Western countries.
Big GovernmentLabor and WagesTaxes and Spending
This is not going to end well. And the problem seems to get worse every year.