Current literature largely attributes three primary causes of rising income inequality and falling wages: technological change, international trade, and institutional factors. However, the existence of several other explanations points toward the difficulty of identifying causal agents for income inequality. Moreover, alternative theoretical perspectives on how people gain and maintain income provides an even more perplexing … Read more
Economics offers many useful skills students can use in the world today. Students in a major in economics learn to analyze economic interaction and human decision-making. Most economic concepts also apply to other topics ranging from family finances to international trade. Furthermore, students studying in an economics major are given extensive exposure to statistical analysis, … Read more
The two words may sound like synonyms, however they really are not the same thing at all. Being wealthy aren’t the same thing, though people can be rich in one way and poor in another. Those who are wealthy may drive an expensive car or live in a beautiful home on the best stretch of … Read more
Income per capita, also known as gross national income per capita, is the standard way of measuring the quality of life in a country. The best indicator of how well a nation’s economy is doing financially comes from this statistic. National income is derived from Gross Domestic Product or GDP. Gross national income per capita, … Read more
Ecosystem services cover the many and diversified advantages humans receive from their natural habitats and in healthy ecosystems. These benefits include but are not limited to, the following: protection against natural disasters, maintenance of biodiversity, enhancement of food security, prevention of disease, improved water quality, and energy production. All of these can directly or indirectly … Read more
Structural unemployment refers to an imbalance between the available jobs in the market and the skills levels of the currently unemployed. Unlike cyclical unemployment, structural unemployment is caused by beyond the company cycle’s impacts. It takes place when there is an underlying structural change in the economy that makes it difficult for some individuals to … Read more
What are gig jobs? Have you ever wondered what is it that makes them so appealing as a career choice? Well, this has only made the gig jobs industry grow exponentially, with more employees today pushing towards being freelance contractors. However, aside from all these opportunities available in the gig jobs industry, one must also … Read more
An income annuity helps to guard against the risk of living past your savings. Regardless of how long you may live, you’ll always have a secure income to depend on. The payout amount you receive every month is certain, and future payments are also guaranteed. How can you choose the best annuity rates? Here are … Read more
This article will discuss the concept of margin trading and why it’s the best way to trade on the stock market today. It was once a very risky venture. The concept was that you would leverage a position – this means you would put more money into a stock than it’s actual worth to the … Read more
College students that pursue computer engineering as a degree are nearly guaranteed a secure job right out of school, with an expected employment growth rate of more than 17 percent over the next five years. Even though the need for computer programmers and software engineers is currently high, the monetary reward is quite high as … Read more