Recently, fast food workers across America have been striking for higher pay, to include a “living wage”. Complaints have been that a fast food worker can’t afford to raise a family on slightly above minimum wage. Better yet, congress has held hearings over the last few weeks about the possibility of raising the national minimum…
Any scientist can tell you that all things physical are under a state of decay. Whether it’s as small as an atom or as large as a planet, all matter is in decay. What physicists referred to as entropy or the 2nd Law of Thermodynamics, is in all energy exchanges, if no energy enters or…
It doesn’t require a PhD in economics to understand the importance of profits. Unfortunately, these delegates don’t seem to grasp this elementary point. To understand what is known as “the profit motive” is to understand human action. People are by nature prone to leisure. That is, people forgo work when it isn’t necessary to achieve…
Robert McKeown Not too long ago I came across an interview with Nobel Laureate in Economics, Paul Krugman. In this interview, referring to the size of the national debt, he said the size of the debt didn’t matter because we “owe it to ourselves”. We do? I first thought that maybe Krugman was suggesting that…
The Blue Collar Economist 