Generally speaking, a modest increase to the minimum wage will increase household spending and thus stimulate the economy. However, this can be offset by job loss or hour reduction, inflation, and other factors.
A population is a grouping of related beings, typically by geographic area.
The United States has the world’s highest incarceration rate and hosts more prison inmates than all other developed nations combined.
Populism is a broad term that generally describes popular sentiment felt by the working class against the elites. It can look like social conservative nativist right-wing populism or social liberal progressive left-wing populism.
Below we explain neoliberalism, globalization, nativism, and protectionism and the pros and cons of neoliberal globalization and nativist protectionism.
All collectives are comprised of individuals, and all individuals comprise collectives; thus we can never fully consider collectives without considering individuals, or vice versa.
The state of nature is the state humans lived in before forming the first societies. By examining the state of nature we can better understand the implicit and explicit social contracts which govern societies.