I hope that you are all having a great Labor Day weekend. A recent jobs report noted that zero, yes zero, 0, zilch, nada, jobs were created over the past month. This article gives a good look at why that might be happening. We will go into this in much more detail after we've learned how to use supply and demand analysis, but for now try answering this question.
You've been given the chance to work for the weekend and earn $1000, but you've also won a paid trip to Dallas and box seats at the Cowboy's opening game (a prize worth $750) the same weekend. If all you cared about is money which would you choose?
Now what if there was a chance that you had to pay a 35% tax on the income you made from working. What would you choose then, the certain $750 dollar value of seeing the Cowboys or potentially only making $650 because a tax is suddenly imposed on your weekend job?
About the Blog
This is the blog containing resources for all courses and presentations. For updates on required current events readings, podcasts, and videos subscribe to the RSS Feed