Category: Economics
-
Comparing Minimum Wage in Different Countries
Minimum wages varies across countries and commonly based on the cost of living and government policy. $7.25 per hour was the current minimum pay rate in the United States. However, there are 29 states that have a higher minimum wage than the federal rate. But how does the US’s hourly rate of pay stack up…
-
6 Types of Business Travellers
Understanding the market segmentation of corporate travel allows marketers to deliver their marketing message to the right consumers in the right approach and create tourism packages that accommodate the segments you want to target. Business travelers make up the huge portion of overseas trips and guests at hotels. To visualized the tourism market segments, here’s…
-
History of the Video Game Industry
The early 1970s witnessed the beginning of the mass-market video game. Started as a electro-mechanical arcade games, video gaming in the United States today is a $20 billion-a-year industry, outperforming the combined sales of movie, music and DVDs. As technology has evolved, the quality of video games not only improved but the size of its…
-
How Much do Americans Spend on Halloween
American shoppers are so wild about trick-or-treating and other Halloween traditions. Probably because it is a fun and fairly affordable holiday compared to Christmas and Thanksgiving. So how much do Americans spend on Halloween? U.S. consumers are projected to spend more than $8 billion in costumes, home decor, candies, pumpkins and other shopping list this…
-
What is the Total Amount of Money in the World?
Ever wonder what is the total amount of money in the world? To came up with a global estimates, folks at Visual Capitalist divided the money into squares worth $100 billion each – as a unit of measurement. Money is commonly classified on the basis of liquidity – basically how readily it can be used…
-
How the Gig Economy Give Rise to On-Demand Workers
The sharing economy. The access economy. The gig economy. Whatever you name it, this growing economic model has created heated controversy as supporters claim it is providing more wage-earning opportunities to a lot of people and critics argue it is replacing the traditionally secure jobs and creating a low-paying, temporary employment. For small businesses, corporations…
-
Characteristics of Generation Z in the Workplace
Generation Z, the section of the population born right after the millennials, will soon dominate the workforce. As baby boomers keep on working past the traditional retirement age, few years from now, American workplace will consists of of five generations. Gen Z are the most culturally-diverse and most digitally connected generation. Having been raised in…
-
What Can You Buy for a Dollar Around the World
Curious on what can you purchase for a $1 dollar bill in different countries? You’ll be surprised how many things you can get for just one buck. As a traveller paying for $1, you can get everything from a bottle of cheap wine to foot massage to lottery ticket—for a chance to win more dollars.…
-
Economic Benefits of Buying Local Produce
There’s a positive economic impact on supporting and shopping locally made products. By spending your money on goods created by local manufacturers, farmers and fisherman, you’re not only helping local jobs and the economy, you also getting fresh foods and great products at a cheaper price. Here are some cool statistics and economic benefits of…
-
Life And Times During The Great Depression
The Great Depression reminds us of what America went through after the great crash of the stock market in 1929. The failure of capitalist system causes a huge economic crisis; as a result, businesses went bankrupt, unemployment rate increases, crime rate rises, discrimination is prevalent and many who lost their jobs became homeless. See this…