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A Rising Tide Lifts All Boats

This is a concept that suggests that improvements in the general economy will benefit all participants. All well and good, but what if you don’t have a boat.  A strong economy can benefit workers, with improving wages and expanded employment opportunities. Investors can benefit through rising asset prices, as witnessed by the very strong recovery in […]

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Consent of the Governed

“Consent of the Governed” is a phrase found in the United States Declaration of Independence. In political philosophy, the phrase, consent of the governed refers to the idea that a government’s legitimacy and moral right to use state power is only justified and lawful when consented to by the people or society over which the […]

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Brain Drain

“Brain Drain” is a slang term describing a substantial emigration or migration of individuals, particularly a core portion of highly educated individuals such as; doctors, healthcare professionals, scientists, engineers or financial professionals. A brain drain can result from turmoil within a nation, the existence of favorable professional opportunities in other countries, or from a desire […]

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When Cash is Embarrassing

Last June we posted a blog titled, “Is Cash Obsolete?”. Apparently, cash is becoming obsolete in certain situations, particularly for some smaller establishments, such as bars, restaurants, hair salons and coffee shops.  While no specific data is available, anecdotally, it appears that many businesses are no longer willing to, and are not equipped to, accept […]

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Low Unemployment a Plus for the Disabled

As employers face increasing difficulties in attracting entry-level workers, some companies have been pursuing more constructive strategies for developing opportunities for the disabled. Along with low unemployment levels and a gradual increase in work force participation, the available data indicates that the disabled are now also part of the trend. The average unemployment rate for […]

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Universal Basic Income: Now India?

We have previously commented on proposals by economists and political scientists that would substitute universal income policies as credible alternatives to existing social programs such as unemployment insurance.  (see blogs dated 2015-12-17, 2016-11-22 and 2018-05-02,) The idea is straightforward:  Provide citizens with a minimum allowance, without means-testing, that would give everyone the wherewithal to live […]

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