The fight over the minimum wage continues.
AP Photo/John Raoux
The question is actually one of the most studied in all of economics and still doesn’t have a definitive answer – though Nobel-winning economist David Card got us closer.
Canadian David Card, winner of the 2021 Nobel Prize in economics, stands for a portrait in Berkeley, Calif. Card, a professor at the University of California, Berkeley, received the award for his research on minimum wages and immigration.
(AP Photo/Noah Berger)
Canadian economist David Card won the Nobel Prize in economics for demonstrating that large-scale immigration has no effect on the wages of native-born workers. In doing so, he’s challenged Economics 101.
Rising household debt in South Korea is crippling many and Squid Game speaks to this very real horror facing many in the country.
A woman running her stall on Vilakazi Street, Orlando West. Soweto, Johannesburg.
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South Africa has a huge gender gap in terms of policies and interventions that would help women entrepreneurs.
Microeconomists study how individuals and companies balance their desires and needs with costs and available resources.
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Microeconomics analyzes how individuals and businesses behave as they try to get the most they can for as little money as possible.
Does Fed Chair Jerome Powell have the tools to tackle racial disparities?
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Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
A man walks past a makeshift memorial for medical workers who died from COVID-19 in Saint Petersburg on May 11, 2020.
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Another wave of COVID-19 in Russia is undermining public health and threatens economic recovery. But widespread mistrust of institutions will stymie the country’s efforts to move past the pandemic.
Ironically, it is the “ivory-tower” economists who tend to do the most interesting, and valuable, work.
Women have many more work and educational choices than previous generations, which affect their decisions about having children.
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Economic opportunities, social norms and expanding education and employment options for many women help explain why U.S. fertility has slowed in the late 20th and early 21st centuries.
The nice way to describe a new study suggesting lockdowns haven’t saved lives is that it’s ‘brave’.
An archival photo of women sitting in a circle doing embroidery.
Calls to reinstate home economics as a solution to modern woes reduce the field to a set of practical skills, undermining its breadth and complexity.
El Salvador is likely to become the first country to adopt bitcoin as legal tender.
El Salvador has become the first country to adopt bitcoin as legal tender. This is a noble idea, but unworkable in the long term.
Bycatch is a serious problem within commercial fishing.
Tackling bycatch in large-scale fishing can make our seafood habit more sustainable
Were he still alive, former prime minister Robert Muldoon might have warned the Labour government about the trouble a wage freeze can get you into.
John Maynard Keynes is one of the giants of modern economics.
The English economist’s views on “animal spirits” are vital to understanding his work.
Recent college graduates owed an average of nearly $30,000 in student loans in 2019.
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Student loan debt can affect not only the financial health of recent grads but also their mental and emotional health. Three scholars weigh in on the greater costs student loans can have on borrowers.
How big a deal is carbon leakage, anyway?
AP Photo/Virginia Mayo
It’s meant to stop what’s known as ‘carbon leakage’ – when production moves elsewhere to avoid climate policies – but the solution has economic, legal and environmental consequences.
A person sits on a tripod platform high above the street as protesters occupy an intersection during a demonstration to call for government action to on climate change in Vancouver in February 2021.
THE CANADIAN PRESS/Darryl Dyck
As Canada emerges from the pandemic, creating jobs and achieving full employment are top priorities. Relegated to the back burner are balanced budgets and reducing debt.
Some companies’ net-zero plans include continuing to emit climate-warming greenhouse gases for decades.
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CEOs, including at oil companies and airlines, are relying on trees and oceans to capture and store carbon for them, but the numbers don’t add up.
US Treasury Secretary Janet Yellen is the only woman who has chaired the Federal Reserve in its over 100-year history.
AP Photo/Annie Rice
Although STEM professions, especially tech fields, receive most of the criticism, the numbers show economics is actually worse.