In 2021, the world emitted 36.3 billion tonnes of carbon dioxide, a six percent increase compared with 2020. The abundance of CO2 in the atmosphere leads to serious problems: tropical storms, wildfires, rising sea levels, and droughts— all a part of the same issue: climate change. The United Nations and other international agencies aim to …
The Renewable Paradox: The Neglected Suffering from Climate Change Read More »
To combat rising poverty, social welfare and fair wealth distribution are at the heart of contemporary political debates. In the 1960s, economist Milton Friedman proposed a seemingly flawless solution to the social welfare conundrum; he coined an economic mechanism known today as the universal basic income (UBI), in which the government guarantees monthly, unconditional stipends …
Amidst economic woes trigged by the pandemic, the US minimum wage policy remains a perennial dilemma of vast socioeconomic implications. Given that inflation exists, an increase in wages is needed to compensate for the decrease in the purchasing power parity of consumers. However, the executive order issued by Biden in January 2021 to increase the …
Biden’s Federal Minimum Wage Policy: An Opposition Read More »
Social welfare and equal wealth distribution are a perennial dilemma in contemporary political discourse. In the 1960s, seeking to improve existing social welfare systems, economist Milton Friedman proposed an economic mechanism known today as the universal basic income. In essence, the universal basic income (UBI) is a form of social security, in which the government …
An Analysis by Andy Wang (’23) Climate change has become one of the greatest challenges in the world, one that threatens all of humanity. As a species that has existed and evolved for six million years, according to Charles Darwin, the success of human civilization has been attributed to our adaptive behaviors which have increased …
Climate Change: Economics as a Plausible Solution Read More »
