In Oregon, there’s a bill from the senate that would help small towns enjoy restored benefits and incentives that come with enterprise zones. Of course, the benefits and incentives are tax breaks. However, there are some really good things that come with having tax breaks for newly started and relocated businesses. Sadly, I’m not so sure that everybody understands why it’s such a good thing.
But let’s take this a little further than just the senate bill. Oregon should look into offering tax breaks like this to all new businesses that start up or relocate to the state. Heck, even New York is doing it!
Something that I believe needs to happen is a fact check on these economic memes. It’s sad to me that there are many people who would actually lead the people in accordance with their own agenda instead of informing people of the truth. My findings will always be the truth, whether they agree with my views or not. I am always welcoming a fact check on my work as well (you won’t find this with those who care about the education of others).
First on the list of fact checking economic memes is Denmark. The meme suggests that Denmark is the world’s happiest nation because the minimum wage is $20 per hour, there are 33-hour work weeks, and there’s free college, healthcare, and childcare. Before saying, “Let’s copy them!” We need to understand a few things in comparison with the United States.
We’ve all seen what the minimum wage would be if it were adjusted for inflation, but do we really understand what that means? Many people tend to think that it represents what the minimum wage would be if it kept up with inflation for all those years. I’m probably going to get a lot of backlash for this, but that’s not what it represents. It represents what the minimum wage would be in 2013 dollars and the purchasing power thereof. However, there are organizations that preach “income inequality” and advocate for ludicrous minimum wage increases that would have you believe otherwise.
I decided to take a deeper look at what the minimum wage would be if it actually would be around $21.16 or $12 per hour. Hold on to your seats, because this small amount of research I did is going to make a lot of people confused, mad, and calling me names. Hint: It’s nowhere near what anybody thought it would be.
I’ve finished my academic plan at the University of Oregon (UO). It took me a little longer than my “grad plan” (yes, that’s what they call it) at BYU-Idaho, but there’s a lot more to consider. For anybody that’s contemplating transferring from BYU-Idaho to another school, say, the UO, this is definitely something that you’ll want to read. Other schools make you go through the same thing the UO had me do.
We’ve all been there. You get mistreated by your bank (Wells Fargo, for example) and you say, “Ugh! I want out of this horrible bank!” But then you realize that you’re with that big bank because you like having branches and ATMs without fees wherever you go. If you bank with Wells Fargo, you think to yourself, “I’ve got access to more than 12,500 ATMs and approximately 6,200 retail locations. I can’t give that up!” You think that there isn’t a better way.
I’ve got news for you: There is a better way. You don’t have to stay with Wells Fargo or whichever big bank you’re currently at. Plus, you can find much better interest rates. What’s my secret? It’s really not a secret at all. It’s the power of credit unions.
During my time in college, I’ve seen posters about why it’s important to attend your classes. One reason that caught my attention was that we lose $X each class we don’t attend. I wondered to myself, “How did they get that number?” Of course, math is the answer, but what were the factors used to determine that? I decided to fiddle around with some simple math and see for myself. Let’s just say that a $15 minimum wage wouldn’t make it worth it for most students at the University of Oregon to have a job.
If you’re in college, then you’re going to have an interesting time with this once you see what your time is worth. It also makes a great conversation starter at family gatherings such as Thanksgiving and Christmas.
Many of us during our freshman year are always asked by our advisor, “Which general education classes would you like to plan to take?” We immediately reply, “I’m not sure.” Knowing what you want to take and what you should take are very important to any major. But in economics, we can tend to get farther and farther away from what will help round us and make us better at what we do. Because of this, I thought it would be good to write about what kind of general education courses would be good for economics majors to take.