Minimum-wage laws have unintended consequences, including hurting the very people they're allegedly designed to help.
Burger King’s decision to move its headquarters to Canada using what the political class refers to as the “inversion loophole” has sparked another round of outrage from politicians, many of whom seem to believe that companies exist primarily to finance Uncle Sam. Despite claims made by Obama and other Big Government mongers that the strategic relocations show a lack of “economic patriotism,” the real cause of the accelerating corporate exodus surrounds oppressive U.S. tax laws almost unique to the United States, experts say. Individual citizens are fleeing, too. Without serious reforms, the trends are likely to accelerate.
The employees' strike and customer boycott against the Market Basket supermarket chain was ended with the reinstatement of CEO Arthur T. Demoulas after he bought control of the company from his cousin.
These two authors of the recent article on the economy in Foreign Affairs magazine suffer from a complete disconnect from the real world.