Income & Poverty

Economics majors “occupy” the 1%
Economics majors “occupy” the 1%

Income inequality exists when some workers earn more than others. Discrimination, corruption, and differences in the marginal product of labor all lead to this. Would it surprise you to learn that we shouldn’t want everyone to have the same income? Since every person and job is different, compensating differentials in income are perfectly natural!

Real World Examples

Advice for Students
Anonymous asked:

What is the connection between a nation's natur...

Dirk Deciphers: It would be convenient if we could simply explain diff... more
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