The sting of poverty
·87 words·1 min
Articles
economics
philosophy
poverty
psychology
This is an interesting article covering an theory advanced by Charles Karelis that traditional economic theories don’t apply to the experience of the poor. The idea being that when living in poverty, "we see the world around us not in terms of goods to be consumed but as problems to be alleviated."
It’s an interesting read, and while the article admits that Karelis’ evidence is a little vague, it seems to me that his arguement rings true. Definitely worth your time to look over and think about.
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·916 words·5 mins
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·105 words·1 min
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The New York Times reports that a Seattle-based company has announced that they will be increasing the minimum wage for all of their employees to $70,000 per year.
“The market rate for me as a C.