Civitas Review

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    $15/hr Min Wage No Cure for Poverty Trap

    Posted in Civitas Review, Economics By Brian Balfour | Tagged , ,

    Still more evidence of the power of the government welfare poverty trap: Seattle’s $15 minimum wage law is supposed to lift workers out of poverty and move them off public assistance. But there may be a hitch in the plan. Evidence is surfacing that some workers are asking their bosses for fewer hours as their wages […]

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    How the Welfare State Creates Poverty Traps

    Posted in Civitas Review, Economics, Healthcare By Brian Balfour | Tagged , , ,

    I've written in the past about how the Welfare State creates an incentive structure that encourages government dependence over additional work income. In short, it is often the case where a person on government assistance can make themselves worse off by accepting more hours or a better job because the value of the government benefits […]

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    New CBO Report: Obamacare's Job Destruction Worse Than First Predicted

    Posted in Economics By Brian Balfour | Tagged , ,

    One the most important fundamentals of economics is the lesson that incentives matter. That is, the institutional rewards and punishments for certain behavior will result in people altering their behavior in predictable ways. This lesson is captured in oft-repeated phrases like "when you tax an activity, you get less of that activity," or – relevant […]

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