When most people use the word “rent,” they mean the price paid to live in a house or apartment. But when economists say “rent,” they mean money that one person extracts from another without producing anything of value. When the government taxes people to give subsidies to companies, those subsidies are a form of rent. A monopoly generates rents from being able to jack up prices without being threatened by competition. Sometimes the government allows companies to get a certain amount of rent – for example, the royalties from patents, which we protect in an attempt to encourage innovation.
If you could press a button that would give you a great deal of money, but it would cause someone you don’t know in a distant part of the world to die, then you would have a good model for how our current economy works.
Cecil Palmer, Welcome to Night Vale episode 105: “What Happened at the Smithwick House”
If ur wondering why Mexico is rioting atm and if ur saying “omg theyre rioting over gas thats so stupid” and blah blah blah.. Just know that the minimum wage in Mexico is $80 Pesos($3 USD) a day.
they earn $3 dollars a day
The gas in Mexico right now is $15.75 Pesos per liter (btw this is the cheapest gas price in Mexico I could find.. $15 pesos is about $0.80 USD)
In order to fill up a 4 cylinder car, they spend around $550 Pesos($30 USD)
So lets say someone works at minimum wage for 6 days. They end up earning $480 Pesos a week ($24 USD). Yeah.. no theyre not gonna be able to fill up their tank.
They still need to pay bills, buy groceries, clothes, etc.
The president of Mexico is shitty and ever since he got elected the country has gone to shit and they still have to suffer 2 more years until he is out of office
ALL OF THIS IS A REASON WHY MEXICANS IMMIGRATE TO THE US!!!!!!!! WE COME HERE TO THE US TO WORK AND EARN MORE MONEY TO SUPPORT OUR FAMILIE!!!! THEY DONT PAY ENOUGH IN MEXICO TO FUCKING SURVIVE!!!!!!!!!
Update: yes I accidentally wrote $3 instead of $4. I apologize sincerely for that misinformation.
Trump’s travel ban and xenophobic rhetoric is drastically impacting the number of foreign applications at colleges and universities across the country, according to a study published this week by the American Association of Collegiate Registrars and Admissions Officers.
The AACRAO surveyed 250 higher education institutions across the country, and found that 39% are reporting a decline in applications from international students — partly thanks to Trump’s travel ban.
Any decline in foreign students should be reason for concern to both institutions of higher education and the U.S. economy.
International students injected nearly $36 billion into the U.S. economy in 2015, according to a report from the Institute of International Education. Read more (3/17/17 9:55 AM)
March 24, 2017.
its been 4 days since im working on my economy notes and also reviewing some of the old uni tests and im kinda satisfied with how it looks omg i havent been sooo happy with my notes before😅😅 (i know its kinda bleeding but yeah its just a cheap brand of notebook sooo and its A4 which much bigger than i used to write my notes soo i kinda like it)
pens i used in this:
✏ Zebra Sarasa Pen 0.5mm in Black
✏ Zebra Mildliner in Mild Magenta, Mild Gold, Mild Smoke Blue, Mild Blue Green and Mild Blue
✏ Crayola Supertips in Turquoise, Sun Yellow and Light Peach
✏ Artline Stix in Apricot and Light Blue
✏ Snowman Brush Pen in Black
✏ Zig Kuretake Fudebiyori Brush Pen in Indigo
✏ Tombow Fudenosuke Hard Tip
alsooo ive been listening to Stay by Zedd ft. Alessia Cara this whole week omg that song sooo good😍😍😍