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Tag: world economics

Understanding “Billion With A ‘B’”

Post Views: 216 Arm Chair Economics 101 Let’s start with minimum wages As a Canadian that’s been watching our southern neighbour for three decades, I’d humbly submit that the ability to advance to the peak of one’s potential is the foundation of America. “Radicals” like Henry Ford understood that and put it into place. Actually, allow me to correct myself … it’s at the foundation of any functioning capitalist democracy. Poverty is a sign of sickness within the system. Bluntly, if you run a business and you want customers, folks have to have money. The fewer people with money to spend, means the smaller your market space is and the greater chance you’ll be out of business. If you want people to work for a living, the way…

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