Economy - Excelsior Ideas

Economy

How Poverty and Wealth Inequality Weakens America

ByKevin Thornton 2024-12-122024-12-12

Wealth Inequality is not necessarily bad if it enriches all of society. Likewise, Poverty is not completely bad in a society that takes good care of its poor. Unfortunately, modern America does not benefit from the first and does a relatively poor job overall of the second.

Economy

Why the Minimum Wage Needs to be a Living Wage

ByKevin Thornton 2024-12-122024-12-13

What is a Living Wage, Anyway? There are several different ways to define the different wage levels. To avoid arguments, and for simplicity, we are going to use very basic definitions that do not use specific numbers, but work on a relative basis. The poverty level is based on how much it costs to meets…