By John Phelan Just over 100 years ago (October 28, 1919), the National Prohibition Act became law. Better known as the Volstead Act, it outlawed the manufacture, transportation, and sale of alcoholic beverages in the United States. Prohibition failed to end alcohol consumption and was repealed on December 5, 1933. In a book on prohibitions, John Meadowcroft of King’s … [Read more...] about 6 Things We Learned from Prohibition
John Phelan
4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)
By John Phelan Most of you will be familiar with a supply and demand graph. This shows a demand curve, which graphs the relationship between the price of something and the quantity demanded of that something, as well as a supply curve, which graphs the relationship between the price of something and the quantity supplied of that something. It is probably the most basic—and … [Read more...] about 4 Ways Employers Respond to Minimum Wage Laws (Besides Laying Off Workers)