Take a Walk on the Hedonic Treadmill

Here’s what happens when you raise the minimum wage to $15 an hour, according to scientists: Nothing. Well, not nothing. All kinds of bad things happen to the economy. But nothing happens for two groups of people central to the whole debate: workers who get a bump to $15 and employers who have to bump to $15 an hour. Most cities and states that have raised their minimum wage laws to $15 will phase in the increase over five years.
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Thank You, Harvard

A Harvard study recently concluded that attending American Independence Day celebrations could turn kids into Republicans. The reason 4th of July creates Republicans has nothing to do with patriotism and everything to do with education. Here’s why: * On July 4th, we celebrate the Declaration of Independence, not the founding of the United States. (That would come with the passage of the Constitution thirteen years later).** July 4th events teach kids—in an environment free from teacher-union propaganda—the _reasons_ we broke from England.
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