# of Words: 621
Cast your mind back to a year ago - and now I am sure we all remember a particular subset of "Home owners" ranting on about how far they'd made on their homes and the way renters were throwing money away. Those people were pleased to withdraw equity from their homes and invest it on vacations, 4x4s and the latest designer kitchen. This group were quite pleased to pocket the money and live the high life while costs went up. One year on - and also things have changed. Rates are no longer going up,......Read More
Being the type compassionate souls Americans are, we get tricked into believing things because we want them to be true. Wages, jobs, and poverty are passionately debated and exceptionally prone to optimistic misinformation and logical fallacies. Minimum wage and the notion of a "living wage" are examples of just that. They sound useful and nice, but in practice they do much more bad than good. They displace jobs and discourage hiring, trigger increases in cost levels, plus they don't assist the......Read More
Why Raising the Minimum Wage is Good for the Economy.President Obama reiterated his call for increasing the federal minimum wage in his speech on the economy last week. "Because no one that works full-time in America should have to live in poverty, I'll keep making the case that we will need to raise a minimum wage which in real terms is lower than it was when Ronald Reagan took office," he explained. Increasing numbers of lawmakers and worker advocates agree, calling for increasing the......Read More
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