Sunday, March 8, 2015
Bre Kelley, chapter 6 question 6
Economics believe that we should not care about how big the gap is between the rich and the poor, instead we should care about how much the poor are getting. I thought it was interesting how H. L. Mencken once said that "a wealthy man is a man who earns $100 a year more than his wife's sisters husband." Two men looked into why some women decide to work outside of their home while others do not. Evidence to support Mencken's theory are unemployment in the local labor market, a woman's education and her work experience. "A woman in their sample was significantly more likely to seek paid employement if her sister's husband earned more than her own."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment