Depending on whether one looks at global statistics or American statistics, there is a significant difference in men and women’s typical earnings. The focus here will be solely on data collected for the United States. I became extremely interested in this after a conversation I had with someone on campus so I figured I would share what I learned. The numbers tell a story but, where the numbers come from is a much more interesting one. The gender wage gap…
“There is no such thing as a free lunch.” This has been a staple of economic education for years. Nothing is free and the thought that something can be given for free, with no relative cost, crosses over beyond the realm of naivety into ignorance and unrealistic expectations. Price controls, the establishment and maintenance of maximum price levels for basic goods and services by the government, are sold as a possible reality when in truth, they come with dangerous…
Education in America’s public school system has shockingly disappointed the nation’s future. Arguments attacking the private school system have been founded as well, claiming the private system is experiencing just as much controversy; however the documentary entitled “Waiting for Superman” focused solely on the Public School system with its strengths and downfalls. The statistics of students and correlating proficiency-testing scores in America are depressingly below global standards. The design of the public system and its educators is the heart of…