You are here

Economics

Are Minimum Wage Jobs Meant for Teenagers?

Two million American workers will be seeing bigger paychecks after their states voted in November to raise the minimum wage. By 2020 the minimum hourly wage is scheduled to go up to $12 per hour in Arizona, Colorado, and Maine, and $13.50 in Washington.

up
184 readers like this.

Partisan Economics

Steve Benen, writing for the Rachel Maddow blog, boasts about deficit reduction in Barack Obama's presidency. Responding to Republican criticism that the deficit is "out of control", Benen asserts, "Keep in mind, in the Obama era, the deficit has shrunk by $1 trillion."

But has it, really?

up
101 readers like this.

Making Humans Irrelevant

The robots are coming to take your job! Between self-service kiosks at fast-food restaurants and driverless Uber cars in Pittsburgh, more jobs are being automated out of the economy.

up
141 readers like this.

It Doesn't Take Much

In 1974, a series of floods destroyed crops throughout Bangladesh, putting the nation in a state of famine. Muhammad Yunus, economics professor at Chittagong University in southeastern Bangladesh, was disturbed by the disconnect between economic theory and the reality he saw around him.

up
177 readers like this.

Trumponomics

Joe Romm of Climate Progress has some concerns about Donald Trump's economic plans.

In particular, when Fox News’ Chris Wallace pressed Trump in March on how he’d cut the federal budget, Trump answered “Department of Environmental Protection [sic]. We are going to get rid of it in almost every form.”

up
112 readers like this.

What's the Matter with Liberals?

Columnists Emmett Rensin of Vox and Kevin Drum of Mother Jones have a disagreement. Rensin thinks liberals are too smug, while Drum thinks they are too condescending.

They're both trying to explain the paradox of why white working-class voters favor Republicans. Rensin notes:

up
140 readers like this.

Rasing Successful Kids

Which factor has a greater impact on your child's test scores: The amount of time you spend reading with your child, or the number of books you have in your house? Got your answer? Try this one: The number of hours the kid spends watching television, or the number of hours the parents spend at PTA meetings?

up
219 readers like this.

The Morality of Capitalism, part 3: When Government Is Good

In this series we've been looking at libertarian economics professor Walter Williams' defense of free market capitalism as outlined in his video for Prager Univeristy.

Williams defines the free market as a series of voluntary actions.

The free market calls for voluntary actions between individuals. There's no coersion. In a free market, if I want something from you, I have to do something for you.

up
161 readers like this.

The Morality of Capitalism, part 2: Barriers to Free Markets

In part 1 of this series we looked at the benefits of capitalism as discussed in a Prager University video narrated by libertarian economist Walter Williams. Williams defines free-market capitalism simply as voluntary transactions between individuals. Ideally, market freedoms lead to individual freedoms. In an ideal world, capitalism is the most moral economic system ever invented.

up
150 readers like this.

The Morality of Capitalism, part 1: Capitalism is Good

The last time we encountered Prager "University", we were looking at an overly simplified video extolling the benefits of a flat tax. Today we're going to look at Prager's overly simplified video extolling the moral virtues of capitalism.

up
123 readers like this.

Pages

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer