What, exactly, is the middle class? The Pew Research Center defined the middle class as those whose annual income was two-thirds to double the national median —in 2019, a range from $40,500 to $122,000. National Public Radio reported in 2016 the term middle class historically has meant something less concrete in the United States — […]
What’s a wage? A fixed, regular payment by an employer to an employee, especially to a manual or unskilled worker. The wage represents the value an employee brings to the job. What’s minimum wage? The minimum amount per hour the government requires employers to pay employees. So what’s the problem? First, government should never mandate […]
The celebration of Christmas in America follows an interesting journey. In the 1600s, Puritans weren’t allowed to exchange gifts, light a candle or sing Christmas carols. Many traditions observed today trace their roots to pre-Christian winter festivals. According to Celtic legend, mistletoe brings good luck, heals wounds and wards off evil spirits. The tradition of […]
Are you wondering why the economy is sputtering in trying to restart after the tremendous interruption to our collective lives by the COVID-19 virus? Perhaps the best explanation for this exists in an essay published in 1958 by Leonard E. Read and titled “I, Pencil.” The essay is written from the point of view of […]