Category Archives: Economics

The “Gender Pay Gap”: Part 2

A quick recap. Men earn more than women. But this shouldn’t be surprising considering that, compared to women, men work more hours, take less time off (accumulating more experience) and pursue careers in higher paying industries. What’s problematic is how … Continue reading

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The “Gender Pay Gap”: Part 1

“Currently, Australia‚Äôs¬†national gender pay gap is 15.3%.” This comes from the WGEA (Workplace Gender Equality Agency). This statistic is comparing men and women who work full-time. Such statistics are commonly brought up in the media and they are frequently accompanied … Continue reading

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The Minimum Wage: Part 2

Time for some basic economic analysis (which involves thinking) to help us make predictions about what effects a minimum wage law will tend to have. Then we’ll look at real-life examples. Let’s remember that prices are not arbitrarily set but … Continue reading

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The Minimum Wage: Part 1

In this part, I’ll focus on some of the main misconceptions surrounding minimum wage laws and their intentions. In the second part, I’ll focus on the actual effects of minimum wages, both theoretically and in practice. Be warned that some … Continue reading

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