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Can Employers Make Us All Richer by Paying Higher Wages?

What do New York Times editorial writer Paul Krugman and McDonald’s CEO Steve Easterbrook have in common? They both think we can repeal the laws of economics. Or, more precisely, they both think that economics can be ignored altogether.

“We have challenged ourselves as to whether we can do more to make a real difference in the lives of our employees,” says Steve Easterbrook in a full page ad in the Times. Then, he asks “what can McDonald’s—as the restaurant industry leader—do right now?” His answer: give everyone a raise.

John C. Goodman is a Senior Fellow at the Independent Institute, President of the Goodman Institute for Public Policy Research, and author of the widely acclaimed Independent books, A Better Choice: Healthcare Solutions for America, and the award-winning, Priceless: Curing the Healthcare Crisis. The Wall Street Journal and the National Journal, among other media, have called him the “Father of Health Savings Accounts.”

New from John C. Goodman!
A BETTER CHOICE: Healthcare Solutions for America
Obamacare remains highly controversial and faces ongoing legal and political challenges. Polls show that by a large margin Americans remain opposed to the healthcare law and seek to “repeal and replace” it. However, the question is: Replace it with what?

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