Wyly Wade

Tag: Minimum wage

Hours worked, productivity, and wages — Relationship

Wyly economics investment

I am not sure who works only 32 hours per week but by the stats provided in The Economist that is the average work week for the US. Glad to see that is higher then most countries but I would personally feel lost working so few. Economic┬ádata show that in 1950, Americans worked around 1,900…

Why I am for an increase in minimum wage

Wyly economics investment

Historically, I have been pretty anti an increase in minimum wage, in the fact that the free and open market should determine what the fair price of labor should be. In the past years though I have been thinking that there are a few ways to deal with an influx of cheap foreign labour and…

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