Minimum Wage Mishap
Today, we never think twice about using an ATM, but sooner than you might have expected, you may see the use of similar “automatic” kiosks in various industries such as fast food. And while technological replacement of labor is not a new thing or a bad thing, government manipulation of the economy is a bad…
Inequality and Prosperity: An Unlikely Duo
There is an interesting phenomenon occurring in 2016. For the first time in history, the top 1 percent of the population will have more wealth than the bottom 99 percent. This video posted to the Economist Facebook page shows a graph highlighting the change in position of the top 1 percent versus the bottom 99 percent over…
Is Capitalism Moral?
Today, a great portion of our society puts a large value on equal outcomes and the morality of considering our fellow man, but are equal outcomes really the best way to develop a moral society? Karl Marx, Immanuel Kant, and others argue that individuals cannot be trusted with their own self-interest, but how are we,…
Freedom Vs. Infrastructure: Overcoming Poverty in Africa
Recently, the Washington Post published an article wherein a connection was drawn between recent improvements in living standards for Cape Verde and recent efforts to build more roads. While there is a correlation between the development of new roads in the country and a decrease in the poverty level, it is hard to believe that infrastructure…
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