The document discusses minimum wage and negative income tax as means of poverty alleviation. It argues that minimum wage increases unemployment and does not effectively help the poor. It proposes negative income tax as a better alternative, where the government provides direct cash payments to low-income individuals and families. Experiments with negative income tax in the US in the 1960s and 70s found it reduced work incentives but was more efficient than traditional welfare programs.
Thirty years of growing income inequality, corporate tax cuts and personal tax breaks for the wealthy have undermined the livelihood of working people and set up a state budget crisis which does not need to
exist. We present alternative tax proposals and issue a warning of the ominous consequences of privatization, layoffs and state service cuts for all New Yorkers.
Heritage Foundation has issued a set of five simple actions Congress must take in order to meet the electoral mandate of the American people. These five priorities represent the bare minimum of what is expected of our new representatives.
Fair Economics begins with Fair Taxation. This presentation breaks the stranglehold of the current Right/Left debate on taxation and offers a new perspective. The presentation is brought to you by the Fairness Coalition.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Economic Fairness demands a coherent and reasonable Jobs Policy. In Washington today, our leaders argue about what's not important and ignore the fact that America's unemployment situation is the worst we've seen since the Great Depression. It's time to get the dialog on the right track and start talking about what's important. It's time for new ideas. This presentation is brought to you by The Fairness Coalition and is part of a series covering our principles and key policy positions.
Thirty years of growing income inequality, corporate tax cuts and personal tax breaks for the wealthy have undermined the livelihood of working people and set up a state budget crisis which does not need to
exist. We present alternative tax proposals and issue a warning of the ominous consequences of privatization, layoffs and state service cuts for all New Yorkers.
Heritage Foundation has issued a set of five simple actions Congress must take in order to meet the electoral mandate of the American people. These five priorities represent the bare minimum of what is expected of our new representatives.
Fair Economics begins with Fair Taxation. This presentation breaks the stranglehold of the current Right/Left debate on taxation and offers a new perspective. The presentation is brought to you by the Fairness Coalition.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Economic Fairness demands a coherent and reasonable Jobs Policy. In Washington today, our leaders argue about what's not important and ignore the fact that America's unemployment situation is the worst we've seen since the Great Depression. It's time to get the dialog on the right track and start talking about what's important. It's time for new ideas. This presentation is brought to you by The Fairness Coalition and is part of a series covering our principles and key policy positions.
Right now the Washington establishment has chosen to focus on the Debt Crisis and has forgotten Fairness. They have failed to realize that the Debt Crisis is in fact merely a symptom of our economic crisis and is the result of bad economic policy - unfair policy. This presentation puts the Debt Crisis in its proper perspective. It is brought to you by the Fairness Coalition.
Governments of nations fix minimum wage with the aim of protecting the vulnerables of societies but is surprising that in many cases, it doesn't due to other factors.
Tom Tresser presented at a forum of privatization and the Chicago Infrastructure Trust at SEIU's Chicago HQ on Saturday, June 23, 2012. Visit http://www.civiclab.us. Contact Tom = tom@civiclab.us
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Does raising minimum wage reduce poverty canada - may 2017paul young cpa, cga
Government is looking at ways to help people. The problem is forcing more rules and regulations will do little to help people as business will always look for ways to reduce cost.
The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed to erode, it has stopped serving this important purpose.
Minimum wage is an act of government benevolence, but it actually brings devastating results especially to the working poor: unskilled, elders, teenagers, immigrants workers.
“THE END OF THE AGE OF ENTITLEMENT”
ADDRESS TO THE INSTITUTE OF ECONOMIC AFFAIRS LONDON 17 APRIL 2012
JOE HOCKEY MP
THE END OF THE AGE OF ENTITLEMENT
INSTITUTE of ECONOMIC AFFAIRS
LONDON
Response one PADM-05 Mortgage interest rates are expected to ri.docxronak56
Response one PADM-05
Mortgage interest rates are expected to rise considerably in 2018. If the economy grows too fast, The Federal Reserve will have to raise interest rates faster than expected. That could make borrowing money more expensive. If that happens, the likelihood of a recession increases. Not only would this drive up interest rates, but reduce private sector investments and diminish the country's creditworthiness. When inflation is too low, it can hurt the economy. Businesses get queasy about investing in people and equipment. If prices don't rise, wages don't either. But out-of-control inflation can also be harmful. As I see it, the current fiscal path is unsustainable. The Republican tax cuts could not come at a worse time, and I think it will hasten inflation and prematurely bring a recession.
The effectiveness of mortgage interest rates rising is in my opinion, is nonexistent. It is like a dog chasing its own tail. With the passage of the tax reform bill, which essentially lowered the income tax rate, the Federal Reserve raised or is raising mortgage interest rates. So, this essentially takes the money that was saved by paying lower income tax and essentially puts it toward paying the cost associated with a higher mortgage. True, not everyone owns a home. But if you plan to buy one, this will make it considerably more expensive. The efficiency of raising mortgage interest rates is has both equal value and detriment. Keeping mortgage rates low allows more people to afford housing, stimulating the economy. By raising interest rates, the cost of owning a home is more and less people purchase homes, which is a key sign of inflation. Either way, I believe the policy on raising or lowering mortgage interest rates is ethical - the entire point is to maintain a healthy, balanced economy. The equity, or measure of fairness, depends largely on who stands to gain the most. In the case of our current economy, it's without question that that the restructuring of our tax code largely benefits the ultra wealthy. Had the entire country benefited equally from the tax reforms, then it would have been more equitable. The 2018 tax reform brought little political feasibility, as both political parties were at opposite ends of the restructure. Nonetheless, a compromise was reached. There was little social acceptability or public acceptance from this policy change, and many will end up paying considerably more tax because of it. I believe the administrative feasibility caught citizens off guard. I knew little to nothing of the tax reform until it actually happened. Whatever the case, the government reluctantly came together and enacted the policy. I do not know how technical feasibility plays into all of this, but I could only assume that the Federal Reserve had considerable reservations about the policy due to the fact that inflation will likely rise and mortgage interest rates will go up just because of it.
Links: https://www.express.co.uk/ ...
Economics in One Lesson: Wars, Governments, Price Controls and the Boom-Bust ...Graham Wright
Based on the Henry Hazlitt book, this presentation is an introduction to applied economics. Hazlitt's lesson, to consider what is unseen as well as what is seen, is applied to various situations: broken windows, wars and governments.
The market process for allocating resources is introduced, and the effects of price controls, such as the minimum wage law, on resource allocation is examined.
Finally, the One Lesson and the theory of price controls is applied to the phenomenon of the boom-bust cycle, which is explained as a necessary consequence of government manipulation of interest rates.
Right now the Washington establishment has chosen to focus on the Debt Crisis and has forgotten Fairness. They have failed to realize that the Debt Crisis is in fact merely a symptom of our economic crisis and is the result of bad economic policy - unfair policy. This presentation puts the Debt Crisis in its proper perspective. It is brought to you by the Fairness Coalition.
Governments of nations fix minimum wage with the aim of protecting the vulnerables of societies but is surprising that in many cases, it doesn't due to other factors.
Tom Tresser presented at a forum of privatization and the Chicago Infrastructure Trust at SEIU's Chicago HQ on Saturday, June 23, 2012. Visit http://www.civiclab.us. Contact Tom = tom@civiclab.us
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Does raising minimum wage reduce poverty canada - may 2017paul young cpa, cga
Government is looking at ways to help people. The problem is forcing more rules and regulations will do little to help people as business will always look for ways to reduce cost.
The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed to erode, it has stopped serving this important purpose.
Minimum wage is an act of government benevolence, but it actually brings devastating results especially to the working poor: unskilled, elders, teenagers, immigrants workers.
“THE END OF THE AGE OF ENTITLEMENT”
ADDRESS TO THE INSTITUTE OF ECONOMIC AFFAIRS LONDON 17 APRIL 2012
JOE HOCKEY MP
THE END OF THE AGE OF ENTITLEMENT
INSTITUTE of ECONOMIC AFFAIRS
LONDON
Response one PADM-05 Mortgage interest rates are expected to ri.docxronak56
Response one PADM-05
Mortgage interest rates are expected to rise considerably in 2018. If the economy grows too fast, The Federal Reserve will have to raise interest rates faster than expected. That could make borrowing money more expensive. If that happens, the likelihood of a recession increases. Not only would this drive up interest rates, but reduce private sector investments and diminish the country's creditworthiness. When inflation is too low, it can hurt the economy. Businesses get queasy about investing in people and equipment. If prices don't rise, wages don't either. But out-of-control inflation can also be harmful. As I see it, the current fiscal path is unsustainable. The Republican tax cuts could not come at a worse time, and I think it will hasten inflation and prematurely bring a recession.
The effectiveness of mortgage interest rates rising is in my opinion, is nonexistent. It is like a dog chasing its own tail. With the passage of the tax reform bill, which essentially lowered the income tax rate, the Federal Reserve raised or is raising mortgage interest rates. So, this essentially takes the money that was saved by paying lower income tax and essentially puts it toward paying the cost associated with a higher mortgage. True, not everyone owns a home. But if you plan to buy one, this will make it considerably more expensive. The efficiency of raising mortgage interest rates is has both equal value and detriment. Keeping mortgage rates low allows more people to afford housing, stimulating the economy. By raising interest rates, the cost of owning a home is more and less people purchase homes, which is a key sign of inflation. Either way, I believe the policy on raising or lowering mortgage interest rates is ethical - the entire point is to maintain a healthy, balanced economy. The equity, or measure of fairness, depends largely on who stands to gain the most. In the case of our current economy, it's without question that that the restructuring of our tax code largely benefits the ultra wealthy. Had the entire country benefited equally from the tax reforms, then it would have been more equitable. The 2018 tax reform brought little political feasibility, as both political parties were at opposite ends of the restructure. Nonetheless, a compromise was reached. There was little social acceptability or public acceptance from this policy change, and many will end up paying considerably more tax because of it. I believe the administrative feasibility caught citizens off guard. I knew little to nothing of the tax reform until it actually happened. Whatever the case, the government reluctantly came together and enacted the policy. I do not know how technical feasibility plays into all of this, but I could only assume that the Federal Reserve had considerable reservations about the policy due to the fact that inflation will likely rise and mortgage interest rates will go up just because of it.
Links: https://www.express.co.uk/ ...
Economics in One Lesson: Wars, Governments, Price Controls and the Boom-Bust ...Graham Wright
Based on the Henry Hazlitt book, this presentation is an introduction to applied economics. Hazlitt's lesson, to consider what is unseen as well as what is seen, is applied to various situations: broken windows, wars and governments.
The market process for allocating resources is introduced, and the effects of price controls, such as the minimum wage law, on resource allocation is examined.
Finally, the One Lesson and the theory of price controls is applied to the phenomenon of the boom-bust cycle, which is explained as a necessary consequence of government manipulation of interest rates.
Do you support higher minimum wages Briefly discuss.SolutionI.pdfaksamobilecare
Do you support higher minimum wages? Briefly discuss.
Solution
In recent months, a number of states have again taken the lead on measures to raise the minimum
wage. Massachusetts is moving toward a minimum of $10 per hour. Other measures are on the
table in New York, Illinois, New Jersey, Connecticut and Missouri. Meanwhile Sen. Tom
Harkin, D-Iowa, is pressing for the federal minimum wage to rise to $9.80 per hour by 2014.
This is far more sensible policy than symbolic nods to the left through gimmicks such as the so-
called Buffett Rule, which might raise new revenues from the mega-wealthy through taxes, but
will likely amount to very little because gazillionaires can hire clever accountants to help them
get around it. No, we need policies that clearly do something for hard-working people who have
been clobbered by a financial crisis they didn\'t create.
Here are five reasons why we should cheer for working America getting a raise.
1. Good for Families: According to economist James Galbraith, raising the minimum wage
would raise the incomes of 28 million Americans. Women would particularly benefit because
they tend to work for lower wages than men. As Galbraith sees it, raising the minimum wage is
family friendly policy:
“With more family income, some people would choose to retire, go back to school, or have
children, making it easier for others who need jobs to find them. Working families would have
more time for community life, including politics; Americans would start to reclaim the middle-
class political organization that they once had. Because payroll- and income-tax revenues would
rise, the federal deficit would come down. Social Security worries would fade.”
2. Good for Economic Recovery: To get the economy back on track, spending power has to be in
the hands of those who actually spend in the real economy. That means regular people, not the
super-wealthy who tend to hoard wealth or invest in financial products. The minimum wage
story is not just a story about income inequality, but rather it’s about an elite that has hijacked the
economic system and made it work less productively than before while redistributing more of
what is working to themselves.
The problem with our economy today is that the growing gap between the real wages and
productivity has violated the traditional relationship between real wages and consumption. So if
the productivity of each worker is rising strongly, yet that worker’s capacity to purchase (the real
wage) is lagging badly behind – how does economic recovery which relies on growth in
spending sustain itself?
Which is why policy should be more directed toward programs that increase the minimum wage
and less of discredited neoliberal “trickle-down” economics. Trickle-down economics is largely
counterproductive because it shifts more resources into the hands of those who have less
propensity to spend and keep the economy moving.
3. Helps People Get Out of Debt: During the early part of the post-war period, .
The maximum minimumNational Review, July 6, 2015 Every poli.docxcherry686017
The maximum minimum
National Review, July 6, 2015
Every political season, Democrats argue for higher minimum wages. Republicans respond by citing all of the evidence that higher minimum wages are harmful. Democratic voters get charged up and swing voters conclude that Republicans are heartless. It is the gift that keeps on giving for Democrats, but the curse that keeps on afflicting those below the poverty line who lose their jobs because of it.
Though Hillary Clinton has made it clear that she is going to play this game, much of the action is coming from around the country, where America's progressive mayors have taken this form of government price-setting to new heights. In Los Angeles, Mayor Eric Garcetti recently signed legislation that would raise the minimum wage in the city to $15 by 2020. And this move in Los Angeles comes on the heels of Seattle's and San Francisco's adoption of the same policy.
The evidence is clear about whether raising the minimum wage is an effective way to help poor people: It is not. As Richard V Burkhauser and T. Aldrich Finegan note in the Journal of Policy Analysis and Management, those living in poverty get such a vanishingly low fraction of the benefits of a minimum-wage increase that "it is not clear that increases in the minimum wage make good policy even if no jobs are lost as a result."
As we prepare for the umpteenth political season pitting Democratic populism against a preponderance of economic evidence, let us pause and pursue the deep and enduring wisdom obtainable only through abstraction. The nearby chart takes the argument of minimum-wage proponents to its logical extreme. Suppose we grant that corporations are evil. Suppose we also grant that the only way we can improve the welfare of the poor is to redistribute by taking all of the money from the evil corporations and giving it to the working masses.
This chart transports us to this redistributive nirvana, where the government has decided to seize all of the corporate profits in the land and give them to workers. Assume, contrary to sound economic thinking and common sense, that companies continue to operate exactly as they do today, suffering no negative effects from these confiscatory taxes. How large an increase in wages can this progressive utopia finance?
To answer this question, we gathered data on after-tax corporate profits from the Bureau of Economic Analysis. We then gathered data on average hours worked per week per nonfarm employee from the Bureau of Labor Statistics and transformed these weekly data into data on the aggregate number of yearly hours worked by all nonfarm employees. Finally, we divided quarterly corporate profits by the aggregate number of hours worked by nonfarm employees over the same period, labeling this value the "expropriation subsidy" on the chart. To get an idea of how much of a perhour wage increase this policy could create, simply add the values of the two lines at a point in time.
As the c ...
This is a simple research survey on the perception of selected people in Marinduque on their perception on the president Duterte's proposed new tax system of the country.
ECON 0858 Issue Paper #1 22718 Student Name .docxtidwellveronique
ECON 0858
Issue Paper #1
2/27/18
Student Name
(1) Position Statement Topic: Minimum Wage Laws
(2) Minimum wage laws have been debated as a chief topic among legislators and economists alike,
especially recently with Bernie Sander’s proclamation that it should be set to $15/hour. A higher
minimum wage can stifle the growth of small businesses, and affect millions by increasing
unemployment for unskilled workers, while a lower minimum wage may contribute to increased
poverty or a poor standard of living for some. Under President Trump’s new tax plan, decreased
income tax rates for consumers allows them to spend more money, which in turn will help small
businesses, who also reap the benefits of a reduced corporate tax and capital gains tax. Because
these changes may spur a growth in economic activity going forward, the current federal
minimum wage of $7.25/hour should not be increased nor decreased in order to properly assess
the effects of Trump’s plan. Moreover, all 50 states should adhere to the minimum wage in order
to properly assess its economic impact on the U.S. as a whole.
(3) Economic Arguments Against My Position:
a. An increased minimum wage allows unskilled workers to contribute more to the
economy.
i. If workers earning the current minimum wage can take home more money, they
are inclined to spend that money and contribute to small businesses and help
boost economic activity.
ii. Since 2012, the Fight for $15 movement helped low-wage workers gain $61.5
billion in annual raises through state and local minimum wage increases
(National Employment, 2016).
b. An elimination of the minimum wage will spur economic growth and create new jobs.
i. A minimum wage must be set above the equilibrium price of labor in order to
take effect, and its effects are seen through the U.S.’s unemployment rates.
ii. In 2015, unemployment averaged 5.26%, implying that those who were
unemployed could have been employed in unskilled jobs if firms could afford to
hire them (Bureau, 2016).
1. Lost gains from labor trade create a need for the unemployed to enroll in
government welfare programs, with 6.2 million Americans receiving $32
billion in unemployment compensation in 2016 (United States, 2018).
2. Low-wage workers receive retarded wage growth when there is a small
increase in the minimum wage, compared to if there was no increase
(Lopresti, 2015).
iii. Companies that outsource production will bring manufacturing back to the U.S.,
creating jobs and utilizing land more efficiently.
1. Foreign-owned firms in Mexico and Venezuela pay workers more than
their domestically-owned counterparts, which suggests that those firms
(including those owned by U.S. entrepreneurs) that outsource pay foreign
workers below the U.S. minimum wage but above the domestic
minimum wage, if there is one (Aitken, 1995).
2. If there was no minimum wage, American companies would be
incentivized.
Insert your surname 3NameInstructorInstitutionDate.docxdirkrplav
Insert your surname 3
Name:
Instructor:
Institution:
Date:
Price Theory
Minimum wage is said to be the lowest compensation for labour offered by a worker. It may be on hourly, daily or monthly basis. In most countries the government is responsible for setting the minimum wage in various sectors of the economy. Various trade unions and other employees’ welfare groups have also engaged employers in talks aimed at increasing the minimum wage. They use collective bargaining agreements in their engagements which are legally binding to the parties. These unions seek to stop employees’ exploitation by ensuring the employee’s output matches with their pay. Labour costs determine the number of people a firm and an industry can employ. Increased costs of labour lower the employment rate thus leading to increased unemployment level. Unemployment is a state in the economy where those who are willing and able to offer services but are unable to get jobs. There are various forms of unemployment that exists in a given economy. There has been a wide spread debate on the effect of the minimum wage on employment with argument being put forward for and against. This paper seeks to explain the various arguments that have been put forward about minimum wage with further explanation of the effects that the minimum wage has on the level of employment in a given economy.
The global work force has faced stagnating wages over a long period of time irrespective of the prevailing economic status and the performance of the firms in which they are working. Economists have for a long period been at the forefront in opposing minimum wage setting. The wage floor provides the minimum point at which the salaries of labourers should not go below. The economic theory of minimum wages seeks to explain the effects in monetary terms arising from government and social policies on the economy. Each country has its economic principles that guide it in building its economy. Minimum wage is an important aspect of the government policy on its citizens. It seeks to ensure that all employees in the private and public sector earn a decent pay as well as lead a quality life, thereby having a living standard that is above the poverty line. Various economic changes such as inflation necessitate the government to set the minimum wages. Employers tend to hire more part time workers so as to avoid paying overtime to their permanent staff. Minimum wages are usually enforceable in law, and therefore, employers always ensure that they satisfy these legal requirements or face government interventions, labour disputes and legal battles.
There are various effects of setting the minimum wage on firms, industry as well on the individual employees. Sometimes, setting the minimum wage leads to increased income tax liability, especially in economies where progressive tax system is used. Increase in wages may lead to an employee getting tax brackets that are higher than before, and therefore, they have to p.
The Minimum Wage is a Terrible Economic Policythemattbrown
In my Communications class, we had to give a Persuasive Speech. I thought this would be a perfect opportunity to explain a policy that most people are for yet don't understand it.
I had a great closing argument regarding the fact that unemployment is up 2% since July, which is also the same time the minimum wage was raised.
Similar to Minimum Wage and Negative Income Tax as Means of Poverty Alleviation (12)
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
3. When businesses are left uncontrolled, they will exploit their power to abuse the labor.
4. MW assures a minimal income to survive and pay the bills of a family. For these every worker in the market is entitled.
5.
6. The low skilled workers are the ones to actually be hurt of the MW as they are the ones to be over priced. As low skilled workers become pricier, the competition they face on employers’ dollars grows. They have to face on one hand the skilled workers which are of a higher value to the firm and are now priced more attractively; and on the other hand compete with capital investments in technology that could replace a large portion of their work if not entirely. Low skilled workers might not get fired but may expect a their work environment to deteriorate to pay back these salary raises: longer hours are expected and perks are denied.
7. When a worker is employed, no matter it’s wage and productivity (as long as it is positive) contributes to the economy, unemployment doesn’t.
8. Bouncing Up the Ladder - Jobs are means to improve skills, and the wages sought for are tightly coupled with skill. A high MW prevents from getting entry-level jobs, they might simply not exist, and thus prevent from unskilled workers the opportunity to enter the market and develop the skills necessary. Disappearance of these jobs has broader economic and societal consequences: remove the bottom rung from the employment ladder and many never have a chance to climb it.
9. Minimum wage is set to support a family. Most young workers are not head of families and would settle for a lower fee.
10. Minimum Wage is exposed to abuses: Lobbies (often unions and strong firms) justify a raise in the MW. This is because strong firms suffer less from a rise in costs and it would create better market standings for them, sort of a bigger portion of a smaller pie. The unions know that an increase in the MW will lead to further raises in their pockets.
11.
12. These policies do not result in major reductions of income inequality, and often they have the opposite effect.Let’s inspect these in detail:<br />1. Discouragement of work incentives<br />As the experiments suggested, a decline in the work incentive is inevitable. Baring in mind the net yield for the benefiters:<br />Yd=Y-tY+b<br />One can easily obtain that each for the working poor, benefitting from the NIT, an hour of work’s income is actually less than the wage paid for it, thus the incentive of adding work hours to the week drops. <br />2. Poverty Line being so important would be the target of politicians<br />The poverty line as it called, a certain income below which a government see the tax unit (a family) as living below reasonable standards of living. This point should be declared as the income tax threshold (TIT) which marks who is benefiting from the taxation and who pays.<br />Of course, the poverty line (and thus the TIT) is an index which marks the value of a basic basket of products a family consumes. This index being so complex to define is at aim of politicians and policy makers. Even the definition of what is the poverty line and of what are the contents of the basic basket are determined by politicians, and often are a political compromise rather than a decision made with academic or scientific tools. Political powers thus engage in manipulating this figure in order to satisfy pressure groups, and as a cause the poverty line is often tempered. <br />For example lifting the threshold brings more families to the beneficiaries and could be exploited as apolitical ransom. <br />3. The system is highly dependent on individual assessments. <br />It is ripe for patronage and corruption. Recipients are to report their annual earnings and there is a lot of risk in giving the temptation to them.<br />4. NIT’s true effect is unclear<br />As always is the case with government intervention in the free market, the true effect of such interventions remains unclear, and also may be discovered after a long period of time; often too long, while the harm is also hard to undo.<br />Though the effect on work incentives for subsidy recipients is clear, some economists think that the overall effect on total labor supply is ambiguous. It is possible that some workers not previously on welfare might decide to work less, given the option of an income subsidy under a negative income tax scheme. The total number of people receiving subsidies might therefore be larger than under a conventional welfare system<br />5. Destruction of the family structure.<br />As experiments show, there has been a drastic change in the stability of the families forgone under the NIT experiment. Empowering the secondary earner of the house (often the woman) with wealth big enough to sustain a family by its own may be the cause of breaking fragile marriages. One can also assume that more adults will form a single parent family with this empowerment. While not arguing which family structure is better, severe sociological effects are to be dealt with and shall be considered before the country engages them.<br />Furthermore, there should be an effect on the size of the families, and the birth rate of the families benefitting from the NIT. Aside the relatively easiness of forming a single-parent family, bringing to the world more kids to these families could be a probable option, as the benefit grows along the size of the family. Whether this effect is positive or negative shall be left for the government to decide, perhaps countries with low fertility rates like Italy or Russia could benefit with such a measure. Still, one has to remember that the births encouraged here are within a limited circle of low income families, and their future could be bright only under adequate conditions of health, education and livelihood.<br />Some unsolved deficiencies in NIT:<br />Rural farmers could benefit from this income way more than others: growing vegetables for self use and still living well especially in large families. <br />If the employer is aware of the employee’s benefit of the NIT, it will end up in his pocket: The employer could exploit this benefit by reducing the pay to the worker, knowing that the worker still gains enough through the NIT system. Could also lead to frauds as the employer and the employee would engage contracts that could split the revenue from the state. <br />MY OPINION<br />The biggest potential of NIT is in improvements over the existing public assistance programs. It has enough tools to effectively replace almost any welfare program, mainly because the means provided to the beneficiaries will be directly used without further distribution mechanisms, making the process a lot more efficient and targeted to the people’s needs.<br />The NIT provides a quick and unitary approach for raising poverty up to the desired level, where as existing welfare systems are often fragmented, uncoordinated and even simply off target.<br />Cash grants enlarge the freedom of choice, instead of receiving benefits one could purchase his choice of services. The government shall still encourage investments in education, as these investments may be left out by various groups. Education and the improvement of the work skills are the best means to escape poverty.<br />It may be true that the NIT will lower the incentive of the poor to work as the marginal revenue of each errant dollar is lower, but overall the NIT is a better alternative to MW and other forms of poverty alleviation.<br />TO CONCLUDE<br />As said on MW, the only valid strategy for poverty prevention is to increase opportunities for people to work. These can made by both providing the workers as much skills through education, training and good working environments. On top of that the government shall supply an infrastructure easy to build business on, efficient, stable, work incentives through low taxes, wise investments <br />BIBLIOGRAPHY<br />Books<br />Milton Friedman, Capitalism and Freedom [1962]<br />Milton and Rose D. Friedman, Free to Choose<br />Papers<br />Fallacies of the Negative Income TaxHenry Hazlitt, Mises Daily, December 27, 2006http://mises.org/daily/2406<br />A Retrospective on the Negative Income Tax Experiments: Looking Back at the Most Innovate Field Studies in Social Policy<br />Robert A. Levine, Harold Watts, Robinson Hollister, Walter Williams, Alice O’Connor, and Karl Widerquist<br />New Research Findings on the Effects of the Earned Income Tax Credit<br />by Robert Greenstein and Isaac Shapiro<br />March 11, 1998<br />http://www.cbpp.org/cms/index.cfm?fa=view&id=1649<br />Milton Friedman on Income Inequality<br />Julio H. Cole, Journal of Markets & Morality<br />http://www.acton.org/publications/mandm/mandm_200901121256.php#ftnt_anchr_31<br />