Why shouldn’t the worker who is willing to render the best services for the least pay be the one who gets the job? Instinctively, most of us recoil in disgust at the suggestion that wages should reflect nothing more than the cold calculus of supply and demand. Yet few of us realize just how essential this “cold calculus” is for the long-run welfare of laborers themselves.
Steve Piraino
Latest work
Recently, Paul Krugman published his own critique of the Bush tax cut in a short, popular book entitled Fuzzy Math.
Jack Kemp writes in favor of the gold standard. But will his plan bring sound money? Steve Piraino says no.