“As recently retired CEO Don Thompson pointed out, “Today at McDonald’s 60 percent of our franchisees—those that own restaurants in the U.S.—started as hourly employees.” (Thompson himself grew up in Chicago’s notorious Cabrini-Green housing project, and started his rise working… — Don Watkins Copy Share Image
“hat are the effects of increasing minimum wages?” asks Paul Krugman. “Any Econ 101 student can tell you the answer: The higher wage reduces… — Don Watkins Copy Share
“All of these agencies were enormously active during the so-called laissez-faire era. As the former CEO of BB&T Bank John Allison notes, “Government spending… — Don Watkins Copy Share
“There is an inequality problem involved in cronyism, however: cronyism is an example of political inequality. It allows a privileged group of people to… — Don Watkins Copy Share
“The true source of economic security is self-reliance and economic freedom—Social Security is immoral because it subverts both. It sabotages the virtues that enable… — Don Watkins Copy Share
“One result of the federal government’s student financial aid programs is higher tuition costs at our nation’s colleges and universities.” Although paradoxical, this result… — Don Watkins Copy Share
“A college student who wouldn’t have taken a McDonald’s job for $7.25 an hour may find it worthwhile at $10 an hour, leaving fewer… — Don Watkins Copy Share
“That’s what happened at Ford, for example. In 1914, Henry Ford famously raised his starting wage to $5 a day (nearly $120 in today’s… — Don Watkins Copy Share
“Some economic inequality critics go further and contend that there comes a point at which inequality undermines progress—and, by and large, they believe the… — Don Watkins Copy Share
“Today, more and more of the world is following our lead, with the result that billions around the globe have been liberated from poverty… — Don Watkins Copy Share
“Wealth is not distributed by society: it is produced and traded by the people who create it. To distribute it, society would first have… — Don Watkins Copy Share
“When inequality alarmists like Krugman hold up the post-war era as a model, they are not doing so in the name of prosperity, or… — Don Watkins Copy Share
“We’re taught to think of the minimum wage as a mechanism for helping people earn more. What it actually does is prevent people from… — Don Watkins Copy Share
“Consequently, even many critics of economic inequality are hesitant to endorse the claim that inequality undermines growth. Paul Krugman, for instance, says that he… — Don Watkins Copy Share
“We must insist on putting production at the heart of economic analysis. The inequality alarmists take the existence of progress and prosperity for granted.… — Don Watkins Copy Share
“One answer to that question comes from none other than leading inequality critic Robert Reich. In a 2007 Wall Street Journal column, Reich admitted… — Don Watkins Copy Share
