You may have heard that, on average, women earn about 80¢ for every dollar a man earns. While this is technically true, this particular statistic can be a little misleading. You may also have heard that the gender pay gap is a myth, which is also a bit of an overstatement. What exactly is going on?
What makes us do things? This is a simple question with a variety of complex answers. One of those answers is incentives. An incentive is something that motivates a person to do something. Sometimes, unfortunately, the people setting the incentives mess them up and actually wind up incentivizing behavior that is contrary to what they intended. This is called a perverse incentive.
With Donald Trump’s inauguration behind us, and what promises to be a controversial presidency ahead, we wanted to look back at Barack Obama’s two terms and see Mr. Trump’s starting point. Republicans have sharply criticized the economy’s performance under Obama, while Mr. Obama has claimed himself that Americans are better off at the end of his presidency than they were at the beginning. I do want to remind readers at the outset that Presidents can have a profound impact on the economy, but the effects can take years to manifest and are hard to nail down. What follows is not an evaluation of Obama, but merely a look at what has happened while he was president.
Millennials, like every other generation, are not demonstrably worse than their forbearers. We are just different. As we look at different generations, we need to remember that each generation has a hand in shaping the next one, but we also all grow up in different worlds as things change.
It night not be too much to say that to be human is to be materialistic. Our stuff is deeply tied up with who we are and what we do. We might do well to think higher of what we have and be thankful of the many blessings our things bring. We also need to be more critical of our possessions. Our things should have a purpose and should add to our happiness.
Some gift suggestions for the poor millennial guy in your life. Some people cannot afford to receive gifts that don’t meet their basic needs.
Recently, the company behind the game Cards Against Humanity raised over $100,000 in donations to dig a giant hole for no reason. There is a lesson to be learned here, and it might have something to do with Christmas presents.