“The minimum wage has been politically controversial for most of the last century, even though it affects a marginal share of the labor force and evidence of significant job loss is inconclusive. Now one economist would like us to consider another effect of the minimum wage: finishing high school. By curtailing low-wage/low-skill jobs, the minimum wage motivates young people to stay in school and become skilled. This effect then generates what the author calls an ‘educational cascade’ by setting an example for the upcoming class of students.”
Looking back on our planet's early history offers a new (and less crazy) meaning for the idea of a "flat Earth."
According to the legendary investor, the best method is a blueprint for "extreme success.”
For generations, physicists have been searching for a quantum theory of gravity. But what if gravity isn't actually quantum at all?
Embedded in a cell phone or in accessories such as rings, bracelets or watches, the novel tools aim to make it easier to manage hypertension. But they must still pass several tests before hitting the clinic.