Author Archives: epockellwilson

This last weekend, the 2023 Nobel Prize winners for Peace, Literature, Chemistry, Physics, Medicine, and Economics all received prizes commemorating Alfred Nobel’s death on December 10th. While not technically one of the main categories envisioned by the late scientist, the Prize for Economics is a memorial prize paid for not out of Alred’s estate but a Swedish bank. Regardless of the validity of the actual Nobel, the prize has acted as an esteemed Prize in economics, given to the likes of Milton Freidman, his protege Robert Fogel, and now the 77-year-old Harvard economist and historian Claudia Goldin. Goldin is not Continue reading The Work of Claudia Goldin: Gender Pay Gap and The Nobel Prize.→

In my last few articles, I have discussed some of the benefits of raising the federal minimum wage and why we should regulate the federal minimum wage outside of politics. While I have clarified my stance, hearing perspectives from the other side of the aisle is essential. As an economics student who likes to get the complete picture of any issue I am discussing, it would be a disservice to you, the reader, and Myself if I did not fully flesh out this contentious issue. In this article, I will address the issue of Unemployment and the minimum wage. When Continue reading Does Raising the Federal Minimum Wage Reduce Jobs?→

In my last blog post, I discussed the possible benefits of raising the federal minimum wage to 15 an hour. I noted that this is a critical discussion to have, and it is also very complicated. Given the issue’s complexity, many people, politicians, and protestors don’t have a complete picture. Instead, individuals rely on the political or physical benefits the minimum wage discussion brings directly to them rather than fully understanding all sides of the issue. While I am by no means different from these people, I hope that this particular blog post will convince you to look at the Continue reading Depoliticising the Federal Minimum Wage→

In my last blog post, I discussed the frustration of tipflation, pointing to a real living wage as a solution. And so, it is paramount that we discuss the Federal minimum wage and the benefits of raising it. Last changed in July of 2009, the Federal minimum wage has remained at a meager $7.25 an hour. But more concerning, The Federal minimum wage is not tied to inflation, meaning Congress must manually raise the wage with a new policy every few years. When we look at the 2007 Federal wage adjusted for inflation, the minimum wage has decreased by 28% Continue reading Raise the Wage: A Discussion on The Benefits of Raising the Federal Minimum Wage→