THE IMPACT OF THE MINIMUM WAGE Since January 1993, the American economy has created 21 million new jobs. In the last four years, labor productivity has grown at a 2.9 percent annual rate and GDP has grown at a 4.4 percent annual rate. At the same time, the underlying core inflation rate in 1999 w...

Income Inequality in America In every society there will be those who are better off than others. There are people who are poor and people who are rich. That is the natural way things are. The American way of life for a long time was to have a society where the majority of the people are not p...

Introduction The economic situation differs from country to country, caused by difference in population, geography, monetary system, political situation and a lot of other factors. But even within one country there are always a number of regions that differ from one another by their economic p...

According to the 2002 Human Development Report, from the United Nations Development Program, of the 6.2 billion people on earth, 1.2 billion live on less than $1 a day for their hard work. This would be fine if they were able to afford basic food, clothing, shelter, and access to health care on this...