blog: the economic life
09.04.2010 | The Minimum Wage Debate
Should we like a higher minimum wage? With the release of 9.6% as the August, 2010 unemployment number, I thought about the minimum wage debate. The... [read more]
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09.03.2010 | Female Earning Power
Which women earn more than men?
If you are female, in your 20s, childless, unmarrried, live in a city, and a college graduate, there is a good... [read more]
09.02.2010 | More Fashion Rules
Are fashion copycats good or bad for the industry? N.Y. Senator Charles Schumer says, "Bad" and is proposing legislation that would provide a 3... [read more]
elaine schwartz
I am a teacher at Kent Place School in Summit, NJ where I have taught AP Economics and US History for several decades. I have also written two economics books: Economics Our American Economy (Addison Wesley) and Econ 101 1/2 (Avon Books), economic history articles, and worked with the NCEE and Foundation for Teaching Economics. I have created this website for my past and current students and all who want to enjoy economics.
notes: september 2010
sep
September 4, 2010
Trying to avoid tax liability and complex forms, many employers of household workers do not report home workers' income. As a part of the underground economy, they are not included in official statistics.
September 4, 2010
It has been hypothesized that the underground economy totals close to 9% of all economic activity.