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The theorist Henry George noticed that Ricardo's Law of Rent did not imply that a reduction of wages to subsistence is an immutable fact, but that it instead points the way towards reforms that could greatly increase real wages, such as a land value tax. [12]
Increases in minimum wage tends to result in junior (low-skilled) workers being overpaid relative to their senior (high-skilled) peers (i.e., If the minimum wage in a region increases from $20 to $25, therefore new employees receive $25 per hour, while current employees with 3 years' experience are being paid $26.50 per hour).
Modern monetary theory or modern money theory (MMT) is a heterodox [1] macroeconomic theory that describes currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. [2]
Over the past 20 years, the amount of money students have borrowed for their college education has ranged from $66.8 billion to $152.8 billion. ... you may still have to pay state income tax ...
If you want to make money outside of a 9-to-5 job, then you should take a look at these 100 ways to score some income without having a traditional job.
This might produce enough money... As of 2022, the median household income was $74,580, according to the U.S. Census Bureau. 10 Things You Can’t Really Afford on an Average Salary
The most blatant form of wage theft is for an employee to not be paid for work done. An employee being asked to work overtime, working through breaks, or being asked to report early and/or leave late without pay is being subjected to wage theft. This is sometimes justified as displacing a paid meal break without guaranteeing meal break time.
Editor’s Note: All salary data is from the U.S. Bureau of Labor Statistics. This article originally appeared on GOBankingRates.com: 15 Well-Paying Jobs That Don’t Require a Degree or Physical ...