Econamici blog

Whose Water? Ours! How to End California’s Water Crisis

The California Constitution says the water belongs to the people. Yet the state gives water almost free to agriculture--resulting in enormous waste and dire "shortages" during droughts. If the state were to charge for water, that would end the water crisis--and solve California's fiscal crisis too.

Increasing the Minimum Wage Can Actually Create Jobs–If It’s Enforced

Back when I studied economics, we "proved" in class that a minimum wage causes unemployment. But that proof depends on assuming a perfectly competitive market. Big low-wage employers like Wal-Mart have substantial market power; they can deliberately under-staff operations to force down wages. In that case, a minimum wage increase
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