Academics Quotes

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

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N. Gregory Mankiw, The Boston Globe.
06/24/2001 | Full Details | Law(s): Living Wage

Minimum wage increases that even approach an average livable wage would result in significantly fewer jobs for low-wage workers. A substantial increase in the relative cost of labor will result in a reduction in the amount of labor used…

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Kavet, Thomas, Deborah Brighton, Douglas Hoffer, and Elaine McCrate. Vermont State Legislature.
314911/02/1999 | Full Details | Law(s): Minimum Wage

Be prepared for the creation of an intrusive bureaucracy to police the ordinance by examining the books and payroll ledgers of businesses…

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Randy Hamilton professor at the University of California, Berkeley. Oakland Tribune.
11/24/1997 | Full Details | Law(s): Living Wage

If the proposed ordinance is adopted it will hurt small women- and minority-owned businesses the most, the majority of which are already struggling mightily to do business in this city of higher-than-average costs of doing business.

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Randy Hamilton professor at the University of California, Berkeley. Oakland Tribune.
11/24/1997 | Full Details | Law(s): Living Wage

The loony-tuners are at it again. The cost of doing business in Oakland is already about the highest in the state. Compared with other cities, adoption of the proposed [living wage] ordinance will drive the cost off the charts.

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Randy Hamilton professor at the University of California, Berkeley. Oakland Tribune.
318311/24/1997 | Full Details | Law(s): Living Wage

There is no evidence of significant discrimination in mortgage lending.

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George J. Bentson, a specialist in financial regulation at Emory University. New York Times.

The problem with the Community Reinvestment Act is not its goals but its vagueness and ambiguity that have led to a nightmare of documentation, paperwork and formalized process that diverts bankers' time and bank resources from being utilized to serve our communities… we need to build a system of supervision and enforcement that encourages creativity and substance in community reinvestment lending.

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Michael K. Guttau, National Mortgage News

It is simply wrong-headed policy…[Federal and state banking regulations] require or aggressively nudge banks into subsidizing parts of the community [The proposals] would only aggravate the problem.

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Lawrence J. White, a professor of economics at New York University's Stern School of Business, New York Times.
338009/10/1992 | Full Details | Law(s): Community Reinvestment Act

The Clean Air Act's Unduly stringent and extremely costly provisions could seriously threaten this nation's economic expansion.

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Letter written by Milton Friedman and James Buchanan, From the Wall Street Journal.
10/19/1990 | Full Details | Law(s): Clean Air Act of 1990

[W]e all probably use salt, sodium chloride, on our food….Salt has been included in the Registry of Toxic Effects of Chemical Substances (published by NIOSH). The toxic dose of salt needed to kill half the test animals is about 1/8 ounce of salt for each 2.2 pounds of weight of the animal. Does this mean that the City of Philadelphia should regulate table salt?

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Roy. S. Anderson Ph.D’s testimony before the Philadelphia City Council.

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