"The history of capitalism as it has operated in the last two hundred years in the realm of Western civilization is the record of a steady rise in the wage earners’ standard of living. The inherent mark of capitalism is that it is mass production for mass consumption...
Wages
Mises on Wages under Capitalism
"While daily experience taught impressively that under capitalism real wage rates and the wage earners’ standard of living were steadily rising, while it became from day to day more obvious that the traditional walls separating the various strata of the population...
Labor as Commodity
For the individual actor, "as for everyone, other people’s labor as offered for sale on the market is nothing but a factor of production. Man deals with other people’s labor in the same way that he deals with all scarce material factors of production. He appraises it...
TGIF: Immigration Foes, What’s the Beef?
If people are going to hate on immigrants, they should at least get their stories straight. Do immigrants take our jobs or do they sponge off us through welfare? Today, let's talk about jobs. Recently I was listening to Spiked's Brendan O'Neill interview Batya...
As the Fed’s Inflation Worsens, the IRS Is Targeting Restaurant Wait Staff
According to the January report of the Consumer Price Index, price inflation increased by 0.5 percent last month. This follows a 0.1 percent increase in December. The total increase over the last 12 months is 6.4 percent. The official government statistics, which are...
TGIF: Are Bosses like Rulers?
What does the libertarian philosophy have to say about business management as an institution? Is it analogous to the state or something entirely different? Since we libertarians generally dislike seeing people being bossed around, whether by the state or anyone else,...
Child Labor, Big Business, & Monopoly – The Libertarian Response by Thomas E. Woods, Jr. Ph.D.
https://youtu.be/oxlcplpkWVQ Wage rates in every country are determined by the productivity of the workers in the country. Murray N. Rothbard Making Economic Sense, p. 18 Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the...
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Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine
Over and over, U.S. government officials and their mainstream media allies called Russia’s 2022 invasion of Ukraine an “unprovoked attack.” The slogan became so overused that people began to ask the obvious question: Why do they protest so much? In Provoked: How...
Israel Winner of the 2003 Iraq Oil War
Domestic Imperialism: Nine Reasons I Left Progressivism
Imagine the Catholic Church (or any person or group of people) doing what the government does every day: Everyone who doesn’t give the Catholic Church 25% of his annual income every year will be put in jail. If he resists the Jesuit officer, the officer has the right...