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Hard Work | National Affairs

Hard Work | National Affairs
nationalaffairs.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalaffairs.com Daily Mail and Mail on Sunday newspapers.

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Amazon To Hire 125,000 Additional Employees — Are Pay Incentives Enough During Labor Shortage?

Amazon To Hire 125,000 Additional Employees — Are Pay Incentives Enough During Labor Shortage?
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Entrepreneurs and Regulations: Removing State and Local Barriers to New Businesses

To replace lost jobs and incomes, the economy needs entrepreneurs to fill the void with business startups. During the economic downturn a decade ago, the business startup rate fell and never fully recovered, which contributed to a slow recovery. Even before that, the startup rate had been trending down since the 1980s. That is troubling because startups play crucial roles in the economy. They create most net new jobs. They are a key source of innovation because new products are often pioneered by new companies. And they challenge dominant firms, which helps to restrain prices and expand consumer choices.
This report argues that state and local policymakers should slash regulatory barriers to startup businesses. State governments should repeal certificate of need requirements and minimum wage laws, liberalize occupational licensing and restaurant alcohol licensing, and fully legalize marijuana and hemp businesses. Local governments should reduce and simplify permitting and l ....

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President Biden's Minimum Wage Proposal

President Biden’s Minimum Wage Proposal
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As part of his $1.9 trillion relief plan, President Joe Biden proposes to double the federal minimum wage from $7.25 per hour to $15 per hour.
If enacted, the higher mandated wage would eliminate jobs for younger and less‐skilled workers. In 2019, 58 percent of minimum wage workers were age 24 or younger. Biden’s website says that he wants to create jobs for young people to “reach full employment as fast as possible,” but his minimum wage plan would do the opposite. Young people need entry‐level jobs to start climbing the career ladder but raising the minimum wage would break the bottom steps. ....

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