Congress will soon be passing a new Covid-19 stimulus package worth nearly $900 billion. This new package provides relief for individuals that are unemployed by extending federal unemployment insurance programs as well as providing an additional $300 per week benefit. It also includes loans for businesses, testing and vaccine funds, as well as funding for schools.
Barriers to entry such as fees, licensing, or educational requirements, make it more difficult to start businesses in many countries. Problematically, many barriers to entry are due to regulatory capture and only serve to benefit incumbent firms and businesses. These regulations that are created and enforced by the government often make it exceedingly difficult for low-income individuals to start new businesses or new careers in many industries. By discouraging or even denying individuals access to higher paying occupations, barriers to entry tend to increase income inequality. In this analysis, we estimate empirically the effect that barriers to entry have on income inequality.
Has America run out of room for immigrants? This has become a key question in the recent surge of interest in immigration policy in the United States. Supporters of tighter restrictions on immigration use various arguments to answer this question, citing higher crime rates caused by immigration, negative effects of immigration on the economy, and low levels of availability of housing, food, and jobs.
Is there a moral right to immigrate? The philosopher Michael Huemer argued that humans have a distinct right to immigrate and that any government barring peaceful immigration was violating a basic right. He provided real life examples and analogies that help to understand the logic behind the right to immigrate.
The digital revolution began in 1947, shortly after Bell Laboratories’ scientists invented transistors and managed to combine them together into integrated circuits (Douglas E. Comer, 2019). The world’s transition from an analogue era to a digital one marked the commencement of a rapid transformation that continues to take place to this day.