Economics

Where Is The GDP Today?

Retail and wholesale trade industries led the increase in private inventory investment. The largest contributor to retail was inventory investment by automobile dealers. Increases in both products and services contributed to the increase in exports. Consumer products, industrial supplies and materials, and foods, feeds, and beverages were the biggest contributions to the growth in goods […]

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Why Raising The Minimum Wage Does Not Cause Inflation?

Raising the minimum wage, in theory, forces business owners to raise the pricing of their goods or services, causing inflation. Does increasing the minimum wage have an impact on inflation? As inflation reaches historic highs, lawmakers and analysts are debating the causes, which include pandemic-related shocks as well as government-imposed limitations and swings in consumer

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