Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Wages

Arguments Against Minimum Wage Increases are Weaker Than Many People Think

Today I’d like to talk about the recent University of Washington study on the effects of the minimum wage increase in Seattle.  The study claims to show that the increase in the wage from $11 an hour to $13 resulted in lower wages and job losses for workers at the bottom of the wage distribution. But this study–and the arguments surrounding it–kinda miss the point.

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Why Trump Cannot Bring Jobs Back With Tax Cuts

When I talk to President Trump’s supporters about how they anticipate the president will bring back lost manufacturing jobs, I tend to hear the same argument over and over. It goes something like this:

  1. Trump will cut corporate tax and other taxes that primarily hit investors.
  2. Firms and investment will return from abroad to take advantage of the low tax rates.

It is possible to demonstrate that this is false. Here’s how to do it.

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Angela Merkel is Not Fit to Lead the West

Each time there’s an international summit, I see the same articles over and over, arguing that America no longer leads the west–Germany does. It’s understandable why people make this argument–President Trump is rather uninspiring, to put it mildly, and Germany is the last of the major western powers to retain the leader it had before the 2008 financial crisis. Chancellor Merkel has been in power for nearly 12 years. In that time, the United States has had three presidents and Britain has had four prime ministers. Merkel seems to offer stability in a world that’s increasingly off its rocker. But seeming is not being–in truth, there is no western leader who has done more in the last decade to contribute to the political instability that has brought about Trump and Brexit than Angela Merkel.

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Even Top Liberal Pundits Still Don’t Understand the Division in the Democratic Party

Today a friend of mine sent me a piece by Franklin Foer in The Atlantic. In the piece Foer gives some thought to what ails the Democratic Party, and he comes to a constructive conclusion–the party needs to reach out to the white working class. But the way Foer gets there troubles me. Too many liberal commentators don’t quite understand the division within the Democratic Party, even the ones who are actively trying to understand that division. Let me show you what I mean.

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Britain: For the Love of God, Please Stop Theresa May

On June 8 (this Thursday), Britain has a general election. I care deeply about British politics–I’m doing my PhD at Cambridge. But more importantly, Theresa May’s government has managed the country’s economy and public services with stunning fecklessness, and I couldn’t live with myself if I didn’t do my part to point this out.

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