Rethinking the Fight for $15
Congressional Democrats have renewed the fight to give working Americans a raise. In January, they proposed the Raise the Wage Act, which would gradually increase the federal minimum wage from $7.25 to $15 an hour by 2024. The bill is already supported by 181 Democratic sponsors in House and 31 in the Senate.[1] The proposal […]
The Road to a Fairer Society
Without policy recommendations, complaints about economic inequality are as empty as complaints about the weather. We can criticize market outcomes and their adverse impacts, as I did with my second and first articles respectively. However, without an agenda for our elected officials, this criticism will remain in the realm of discussion, instead of actually improving […]
Hope Left for Venezuela
Every day, around 25,000 Venezuelans cross the border, fleeing the economic and political instability of their home country.[1] Jeferson José Gutierres is a Venezuelan who lives with his wife and three children under the stone “C” of a sculpture in the center of the border city, Cucúta, Colombia. The Gutierres family fled instability in Venezuela, […]
Bosnia Through Illustration: Politics, the Economy and Education
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Scotland’s Vote Against Independence Will Still Bring Massive Change to the U.K
The month leading up to the Scottish referendum was fraught with anxiety for those who wished to keep the United Kingdom whole. Fear over the campaign for independence succeeding in its goal, is likely the reason that, two days before the referendum, the leaders of the three biggest political parties in England signed a vow […]
Cuban Privatization: The Newest Victim of a Failed Embargo
The birth of Communist Cuba at the height of the Cold War presented a perceived immediate and dire threat to the United States. In response, President Kennedy authorized a handful of covert CIA operations to overthrow Cuba’s leader, Fidel Castro. All of these attempts failed, culminating with the disastrous Bay of Pigs Invasion. In October […]
The Media Versus the Environmental Movement: The Unseen Battle
The environmental movement in the United States faces many challenges from varied social, political, and economic pressures. Economic growth and the free market often take priority over all other issues, regardless of the implications of those values. As such, attempts at regulation or environmental protection are viewed as restrictive and infringing upon the rights of […]
Unpaid And Unhappy: The American Internship Crisis
The reality of the internship is one that has changed with time. What began as an opportunity to gain insight into a career has expanded into a prerequisite for employment in nearly all fields. But what also began as a paid, temporary job has evolved into an unpaid form of volunteer work. While paid internships […]
Minorities are Hurting GDP—But It’s Not Their Fault
I recently watched a video by Marginal Revolution University regarding the relationship between social trust and economic growth. It seems natural that a society in which trust is high would be more productive. When individuals believe that their peers are mostly trustworthy, they will feel more inclined to invest in human capital, open new businesses, […]
Ramifications of Ukraine’s IMF Deal
With the world’s media coverage of Ukraine heavily focused on Russia’s invasion and questionable annexation of Crimea, it was easy to miss the economic news that came out of the country recently. On March 27th, IMF Mission Chief for Ukraine Nikolay Gueorguiev announced [1] that a stand-by agreement had been reached that would unlock US$27 […]