Wednesday, June 30, 2021

The Minimum Wage Does Almost Nothing for Low Wage Workers

Mark Perry points out that doubling the minimum wage does not provide much net financial benefit to low wage earners. 




Saturday, June 26, 2021

Lockdowns Do Not Control the Virus. Evidence from Europe

Last year the Fauci Oracle said that Europe was managing Covid better than the US because they were employing more widespread economic shutdowns. If so, why wasn't the mortality rate different there? Why do more widespread shutdowns not result in lower death rates? Any statistician can answer that question for you. easily.






Mask Mandates Unmasked

 More research confirms what we (and the CDC) have always known:

“Mask mandates and use are not associated with slower state-level COVID-19 spread during COVID-19 growth surges."


The CDC has known this for years, but kept quiet to protect politicians. 


“There is limited evidence for their effectiveness in preventing influenza virus transmission either when worn by the infected person for source control or when worn by uninfected persons to reduce exposure. Our systematic review found no significant effect of face masks on transmission of laboratory-confirmed influenza.


The fact is that THE SCIENCE governors continually said they were following is not science. It was simply an effort to obscure the fact that they have no power to control a virus. They never like to admit that they don't possess god-like power, so they invented a Kabuki Theater of masks, hand washing, sanitizing, arbitrary and selective restrictions (you may attend BLM rallies, but not go to church). 


Sunday, June 20, 2021

The Unaffordable Healthcare Results

After the "Affordable Healthcare" Act passed, health insurance became LESS affordable and LESS available.  

Of course, not all states suffered this way. Six states were able to get Obamacare waivers. In those states premiums actually dropped by around 10%.

Thank you Democrats.





Monday, June 14, 2021

More People = More Abundance (Economist versus Biologists)

Contrary to what "experts" and media say, we are NOT running out of resources or being threatened by over population. 

We found that humanity is experiencing what we term Superabundance—a condition where abundance is increasing at a faster rate than the population is growing. Data suggests that additional human beings tend to benefit, rather than impoverish, the rest of humanity.


The Simon Abundance Index 2021 - HumanProgress






The Simon Abundance Index is measured in time prices. To calculate a commodity’s time price, the nominal price of a commodity is divided by the global average nominal hourly wage. Over the last 40 years, the average nominal price of the 50 commodities rose by 51.9 percent, and the global average nominal hourly wage rose by 412.4 percent. So, the average time price of the 50 commodities fell by 75.2 percent.







 

Sunday, June 13, 2021

Minimum Wage = Lower Total Compensation

 This study published in the Harvard Business Review by three economists demonstrates that when companies are forced to pay wages higher than the market price (e.g. minimum wage laws), they will adjust other labor factors to compensate. In fact their conclusion is that the higher minimum wage results in lower worker compensation. 


in the stores that experienced a minimum wage hike, workers on average worked fewer hours per week, were less likely to qualify for benefits, and had less-consistent schedules. These factors corresponded to an average 11.6% decrease in total compensation for every $1 increase in the minimum wage.


https://hbr.org/2021/06/research-when-a-higher-minimum-wage-leads-to-lower-compensation