In Part 2 of this series, we saw how minimum wage laws erect barriers to the “little guy” by making it more difficult for him to obtain the job skills that will command a higher wage. Occupational licensing laws are another example. As one example, suppose you want to offer African hair braiding services. In…
In Part 1 of this series, we examined how property rights protect the freedom of the “little guy” to improve his economic status. But when property rights are violated, the opportunities are diminished. The minimum wage is one example. Suppose an employer could use someone to perform mundane tasks, such as sweeping the floor or…
We often think of property rights in regard to the wealthy and big corporations. In a certain sense, this is understandable. They have a lot of property. But property rights are important to everyone, including the “little guy” who has little property. The right to property means the freedom to create, use, keep, trade, and…