Economy

Raising the minimum wage to $15 isn't the solution for low-income workers since they’ll need to generate more than $15 to stay employed. Read why.

The world’s economy is evolving. From an economy that worked on exchanging physical goods for currencies and valuables, we’re now moving towards a digital economy, where services and goods are bought and sold over the internet.

Tourism can be a great way for places to generate income and jobs... but it can also have downsides. Here is a list of the main advantages and disadvantages of tourism.

This hub lists 7 countries that experienced negative economic growth in 2016

Neo-liberalism was the brainchild of Milton Friedman and Ludwig von Mises. They convinced Thatcher and Reagan that a free market without regulation and low taxes would result in wealth for all.

Capitalism's excesses are becoming too much for the world to bear. Three seminal events in the last eight years have highlighted this fact. The 2008 crash, Occupy in 2012 and Bernie Sanders' rise. Those are not three separate events, but a cascading evolution to something new, more sustainable.

Are we headed for another recession? This article describes how the downturn of the Gross Domestic Product (GDP), the trade deficit, and the labor force participation rate can contribute to a recession and how an inverted bond yield curve can indicate a recession is forthcoming.

Pros and Cons of Capitalism defines capitalism; the theory of capitalism; positive effects of capitalism; creative destruction; Private Property; Capitalism vs Socialism; Democracy; Free Enterprise.

The discovery of natural resources, particularly of oil and gas, poses both significant positive prospects as well as negative opportunities.

Trading wars have been going on for too long. Each morning, the presidents of the two biggest global economies smile shaking hands, but evening comes, and new sanctions are declared by both sides. It’s become obvious that America is doing everything to suck the oxygen out of the yuan.

It's a lie that we can't shut down certain businesses because there won't be anymore jobs. The truth is that where once humans had to work a long time to produce what they needed, that is no longer the situation. We can change the economic system so that we don't need jobs!

Protectionism is the practice of limiting outside competition through applying tariffs, quotas, and subsidies. It is normally done to guard domestic industries and jobs. Here are the pros and cons.

Has Cuban socialism benefited its people? This summarizes the pros and cons of socialism in Cuba and asks what the Cuban revolution has achieved.

It is widely agreed that automation in the form of artificial intelligence and robots will eventually displace a great number of workers throughout all industries. To what degree this will happen is not known. We will explore this as well as the concept of universal basic income as a solution.

Rapidly developing artificial intelligence and robotic technologies have started to impact human jobs, a trend that will accelerate as these technologies become more sophisticated and refined. We face a future with massive unemployment due to artificial intelligence and robots taking over jobs.

On a planet with finite resources, the economy cannot keep growing forever.