The media has placed a lot of emphasis on the racial wealth gap. According to the US Census Bureau , in 2014, white-only households had a median net worth of $102,800, while the corresponding statistic was $17,530 for Hispanic-only households of any race and $9,590 for black-only households. These are ratios of approximately 5:1 and 10:1 for white
The assumption that the minimum wage helps low-wage workers permeates public discourse on the topic. One of the most curious political phenomenon is how the idea of the minimum wage is mindlessly accepted by the public as a policy that undoubtedly helps the poor. This transformation of the minimum wage from a policy originally intended to keep
Los medios de comunicación han puesto mucho énfasis en la brecha de riqueza racial. Según la Oficina del Censo de los Estados Unidos , en 2014, los hogares sólo para blancos tenían un valor neto medio de 102.800 dólares, mientras que la estadística correspondiente era de 17.530 dólares para los hogares sólo para hispanos de cualquier raza y de
La suposición de que el salario mínimo ayuda a los trabajadores con salarios bajos permea el discurso público sobre el tema. Uno de los fenómenos políticos más curiosos es cómo la idea del salario mínimo se acepta sin discusión por el público como una política que indudablemente ayuda a los pobres. Esta transformación del salario mínimo de una
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.