The minimum wage has been at the forefront of political discourse for a few years now. The most prominent wage being thrown around is $15. The idea behind raising the minimum wage is it would help the impecunious in society and start lifting those from impoverished lifestyles. It does the opposite. But if there are […]
Archives for April 2015
5 reasons why millennials should not move back home with their parents
Since the Great Recession, there has been a trend among millennials to move back home with their parents. Due to rising student debt, a paucity of well-paying jobs and the overall cost of living, the generation of recent post-secondary graduates thought it was a bright idea to return to the nest and depend upon their […]
Unemployment rates compared in European nations with and without minimum wage
The American Enterprise Institute (AEI) published a very interesting chart on Wednesday evening which highlighted the unemployment rate and the youth jobless rate in European countries with and without the minimum wage. Unsurprisingly, the European countries with a minimum wage had high bouts of unemployment, while those nations without a minimum wage had the lowest. […]
Video: EconPop’s ‘The Economics of The Hudsucker Proxy’
EconStories is out with another edition of EconPop. This time, host Andrew Heaton tackles the 1994 motion picture “The Hudsucker Proxy,” starring Tim Robbins and Paul Newman. Heaton discusses supply and demand as well as the minimum wage. It’s beneficial that he cites how the minimum wage was quite a racist law in its infancy […]
It’s Official: You’re now spending more at restaurants than at grocery stores
Last month, we brought you a chart that showed how spending on food at home compared to spending on food at restaurants and fast-food chains has aligned and is pretty much even. Well, according to new government figures from the United States Census Bureau, it’s now official that Americans consumers are spending more at restaurants […]