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Placing a minimum wage that is high seems like a natural method to help lift families out of poverty. Minimum salary target individual workers with low wages, rather than families with low incomes. As a result, a large share of the greater income from salary flows to higher-income families. Raising the minimum wage has become a popular proposal to fight rising inequality and poverty in the USA. Since the last federal minimum wage increase in 2009 to $7.25 per hour, 23 states have increased their......Read More
YOU'RE NOT ABLE TO GET BANKRUPT WITHOUT BEING TOO BROKE?. Among the American population, lots of basic understandings, misconceptions and myths, whined about bankruptcy. However, a fair, or at least, an accurate comprehension of bankruptcy, and of its principles, as it is more especially contained in the Bankruptcy Code, is crucial for the successful management of one's financial affairs, whether as an individual or as business. One such misconception or MYTH, can be summed up this way:......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
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