Little Assistance for Victims of Moving Companies

My good friend, Dr. Abby Hall, recently moved from Fairfax, VA to Tampa, FL with her fiancé and encountered nothing but problems along the way.  Not one to take this lying down, Abby used the Economic Way of Thinking to find out just how a moving company could get away with failing so miserably.

In a recent 900-mile move, my fiancé and I experienced all of the above. Employees refused to give us the names of their supervisors or connect us to management after the price jumped $1,000 over our price quote and the movers arrived eight hours late. Time and again, the company declined to tell us where our belongings were or when they would arrive. Three weeks later, they appeared — with over $1,000 in damage. This all happened despite our checking the legitimacy of the company, reading reviews and calling the company to ask questions. 

The rest of the piece can be found here.

Minimum Understanding of the Minimum Wage

My latest at The Hill on raising the minimum wage:

It’s fairly easy to see the folly of this plan.
Raising wages by legislative decree does not help workers; it hurts them.  When something, anything, becomes more expensive, less of it will be purchased.  We readily understand this in the context of goods and services (if one grocery store raised prices by 70 percent, would you keep shopping there?) but in the context of labor, people become skeptical despite the fact that the evidence is overwhelmingly clear. 

 

 

The New I LOVE ECON.com!

Greetings lovers of econ,

I'm testing out all the functions of the redesigned ILoveEcon.com site. Along with a more exciting layout, Dr. Hebert will be posting here, there is a vastly updated message board, and an event calendar to keep you updated on all econ related events we know about.

I'm still working out a few of the kinks, finding appropriate images, but hopefully this will look well polished and ready for the school year. 

Email with questions (you can try using the link at the bottom of the page!).

Best,

Lewis