If the goal is to make the professors better off, then restricting their opportunity to do work that they value by enforcing a minimum wage rule is not the way to go about it.
Assuming that professors teach because doing so and being affiliated with the college is reflection of their preferences, not being able to do so because of a minimum wage rule entails these persons being made worse off than in the absence of the rule.
The game went the minimum five innings before the mercy rule was invoked, with Samuell this time only losing 13-0.
FORBES: 53-0: A high school baseball score, a lesson in rich and poor
He proposes the so-called Buffett rule involving a 30% minimum tax rate for upper income earners, which would increase the capital gains tax rate by 100%.
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Having stood firm for a full three days, it promised to reopen wage talks, and did not rule out another increase in the minimum wage, after a rise of 5.8% last year.
The powers-that-be in Texas high school baseball made one rule change: no longer do games have to go a minimum of five innings, depending on the score.
FORBES: 53-0: A high school baseball score, a lesson in rich and poor
How about this new rule: any reliever entering in mid-inning must face a minimum of three hitters or complete the inning, whichever comes first.
The protesting employees have recently taken up a "work-to-rule" action -- in essence, performing only the bare minimum of work required by their contracts in an attempt to slow airline activity and pressure management to pay attention to their grievances.
While it is true that a minimum wage would increase the pay for those professors able to get a job, such a rule would also entail greater unemployment among persons qualified to become professors.
One implication of the Buffett rule is that all millionaire investment income would be taxed at the shareholder level at a minimum rate of 30%, up from 15% today.
Since the new Europe-wide rule to strengthen banks is that they must - by the middle of 2012 - have a minimum of 9% capital on a Basel 2.5 basis relative to their risk-weighted assets, after allowing for the fall in the price of their holdings of the debts of over-indebted eurozone countries, by definition it is the banks in those over-indebted eurozone countries that emerge as weakest.
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