Higher minimum wages actually reduced the long-run earnings of teenagers who were exposed to the higher minimum, according to a new study from the Mercatus Center.
Small business owners in Vermont are feeling the effect of strict tax laws and regulations, according to findings from a recent economic outlook survey.
Lindsay Kurrle, commissioner of the Department of Labor, said teams respond to a business facing layoffs or closure “by quickly coordinating services and providing immediate aid to a company or worker.” Her group anticipated meeting with 50 to 80 employees at the Hermitage.
While state lawmakers in Montpelier are pushing to make a $15 minimum wage mandatory for all businesses, one small Vermont business is showing that successful companies can offer higher wages without government intervention.
The real magic of the market, described by Adam Smith and the economists who have followed him, is that individuals, by exercising the freedom to pursue their own goals and ambitions, have made possible the rapid economic development of society as a whole.
One of the most essential elements of entrepreneurism is being able to put a vision on paper. In other words, before anything else, successful entrepreneurs create a business plan.
Vermont is a wonderful place to live. But despite everything our state has to offer, ours is one of only three states since 2010 to have actually lost population. What is happening that fewer people want to live in the greatest place there is to live?
That’s the lowest black unemployment has been since the Bureau of Labor Statistics began tracking unemployment in 1972.
The fact is that “profit” is not a four-letter word. Free enterprise is what built the world’s biggest economy, and it is free enterprise that has provided the means for success of individuals and businesses. Burdensome taxation, employer mandates and over-regulation of business stifles business expansion and economic growth.
It is time for Montpelier to give up trying to find new things to do to attract new citizens and start figuring out what it is they are doing that drives people away — and stop.
I would urge those in government nonprofits and special interest groups to table what they believe are important issues and focus on how we bring to Vermont the resources state employers desperately need — employees willing to work and live here.