Introduction While Adam Smith died 200 years ago, it is clear his work has had more impact than any other leader in economic history on modern economic policy. While Karl Marx and John Maynard Keynes's prescription did not withstand the time test, Smith's ideas are...
In 1956, Harper Lee, a struggling writer, was presented with an interesting opportunity. Lee’s friends and family got together and presented her with an envelope. The envelope contained money equivalent to a year’s salary and a note reading “You have one year off from your...
Throughout the history of mankind there were only a few social problems, the solution to which still remains an unresolved secret. One of these problems has always been and most likely will be the problem of poverty or high income inequality in certain countries and...
On July 18, 2019, the house of Representatives finally passed a bill to raise the minimum wage for Americans. The bill calls for a gradual increase in the minimum wage in the United States to $15 by 2025, and will phase out the minimum tip...
Food security is when individuals have physical, social and financial access to adequate, and nutritious food that meets their dietary needs and food inclinations for a functioning and healthy life. In 2014, around 805 million individuals in the world needed more food to lead a...
Introduction Taxation is an act, process or means by which the sovereign (independent state) through its law-making body (legislative branch of the government) makes demand for revenue in order to support their existence and carry out its legitimate objectives (Scribd, 2011). It is imposed in...
Introduction Every government imposes taxes on its people either directly or indirectly. These taxes are in the form of levies such as income, estate taxes, and capital gains, which are imposed on citizens of a country involuntary. Many governments tend to overtax their citizens, but...
The industrial revolution in America witnessed the rise of numerous influential figures, among whom Jay Gould holds a controversial position. Born into poverty in 1836 in New York, Gould’s journey from humble beginnings to becoming a prominent railroad executive, financier, and speculator is a testament...
Poverty is a truth of reality that has existed since the dawn of man, a constant and disappointing fact of life. In fact, the vast majority of people throughout the earth live in poverty, with only a select few ruling the world. Many in the...
One of the United States’ 50 states, Hawaii, is known for its beautiful sceneries and full of natural environments. Due to its geographical location, located in the middle of the Pacific Ocean, Hawaii is fascinating enough to attract tourists and discover a long history and...
Karl Marx was very insistent when it came down to explanation of the nature of society. That is to say, he claimed that capitalism created a hostile, evil environment where people had no choice but to trade their souls for survival. Of course, Marx never...
Why should minimum wage be raised? It is a never ending debate in the United States. A lot of people wish that Virginia would raise the minimum wage. The minimum wage in Virginia is $7.25, and to some people that is not enough to provide...
Minimum wage has been a continuing problem in the United States and it’s something everyone faces. In the essay “serving In Florida” by Barbara Ehrenreich the author goes undercover at a neighborhood cheap food cafe referred to as Jerry’s to research life as a manual...
Minimum wage in California currently is about ten dollars to fifteen dollars an hour, depending on amount of employees working for a company, for example. That much money an hour sounds like a dream, which is what most think when they compare the current minimum...
Have you ever started your day off in your parents’ home really wanting to move out but can’t? Because you can’t afford to pay rent let alone the basic necessities for yourself. In this essay I am going to discuss the debate over Florida’s minimum...
Unemployment has always been a key concern and a pressing issue worldwide. In this essay, I would like to focus on the unemployment rates in Singapore. Being a small country, having a high employment rate is disastrous to the economy and it is vital that...
Unemployment is a social problem that has a huge effect on society. When there are a lot of unemployed people it becomes a social issue and damages a lot of individuals and their ability to function with the world. Unemployment can lead to a lot...
The global economy has been shifting tremendously since 2016. Led by Brexit, rise of populism in the continent of Europe, and Trump’s presidential victory, globalization has been shaken to its core and has become blighted by uncertainty, both from a political and economic perspective. Political...
Over the years, work and industry have developed greatly and have created numerous opportunities that would never have been considered when the concept of ‘work’ was initially introduced. There are three main ‘events’ that have been taken over the past two hundred years to arrive...