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A classic debate over fair pay for labor involves governments imposing minimum wage laws.

The Minimum Wage Debate: Do Higher Wages Boost Productivity or Destroy Jobs?

Minimum wage laws became popular during the Great Depression as a way to protect workers from exploitation. Today, there are many arguments both for and against keeping these laws....
5 min read
Video-collection
Definitions

Video-collection

Published on January 17, 2020

Definition of accelerator effect
Definitions

Definition of accelerator effect

Published on January 17, 2020

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Grocery prices may not seem to be rising. Is it lower costs of production, or is it shrinkflation?

Inflation and Shrinkflation: How Firms Use Hidden Price Adjustments to Navigate Economic Turbulence

To maintain customer loyalty and revenue, many firms are keeping their prices the same during periods of inflation. But they aren't voluntarily reducing their profits - they are reducing product size or quality to engage in "shrinkflation."...
5 min read

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