being-classically-liberal

Here’s why Bernie:

The minimum wage:

Neumark et al. (2013) find that “the evidence still shows that minimum wages pose a tradeoff of higher wages for some against job losses for others, and that policymakers need to bear this tradeoff in mind when making decisions about increasing the minimum wage.” Meer and West (2013) find that “the minimum wage reduces net job growth”.

The Gender Pay Gap:

A study from CONSAD research corporation has shown that, “the differences in the compensation of men and women are the result of a multitude of factors and that the raw wage gap should not be used as the basis to justify corrective action.” A new Harvard study by Claudia Goldin (2014) found that “…the gender gap in pay would be considerably reduced and might vanish altogether if firms did not have an incentive to disproportionately reward individuals who labored long hours and worked particular hours.” In other words, men and women are paid differently because of the choices they make, not because of discrimination.

Free trade:

The evidence consistently shows freer trade leads to greater economic performance and poverty reduction. See Berg and Krueger (2003), Winters, et. al. (2004), Hallaert (2006), and Giordano and Li (2012).

Social Security:

Why would the government expand social security when it doesn’t even know how it’s going to fund future retirees?

References:
Neumark et. al. (2013): http://www.nber.org/papers/w18681

Meer and West (2013): http://www.nber.org/papers/w19262

CONSAD (2009): http://tinyurl.com/ddtrpv

Goldin (2014): http://tinyurl.com/kuq33c8

Berg and Kruger (2003): https://www.imf.org/external/pubs/ft/wp/2003/wp0330.pdf

Winters et. al. (2004): http://tinyurl.com/prfazlz

Hallaert (2006): https://ideas.repec.org/a/cai/meddbu/med_135_0063.html

Giordano and Li (2012): http://tinyurl.com/pms7ubb