“Speak properly, and in as few words as you can, but always plainly; for the end of speech is not ostentation, but to be understood.” William Penn   The average native English speaking person has a vocabulary of 20,000 words. The average college graduate has about 40,000 words in their lexicon. If taken as a whole, the average person in the U.S. has between 20,000 and 35,000 words at their disposal. Even with all these words available, 95% of common speech and media usage only encompasses 3000 words. Of all the words that come out of our mouths, 95% of them come from...

If we’ve learned anything from 2020, it’s that we are not only all in this together, but that to thrive, we have to work together and look out for each other. Sounds right. Now, add to the mix the fact that your business needs to make a profit. This is where it could get a little dicey. If we are looking out for and supporting one another, then what should that profit look like?   According to an article on pricing, published in Inc. and written by Elizabeth Masserman, when determining what to charge for a product or service, there are three...

President-elect Joe Biden's proposal to more than double the federal minimum wage would provide an urgently needed pay hike to millions of low-income workers and help stem inequality in the U.S., economists and labor advocates said.   CBS News, Jan. 16, 2021   In detailing his $1.9 trillion COVID-19 relief proposal on Thursday, Mr. Biden called for raising the minimum wage to at least $15 an hour, saying, "No one working 40 hours a week should still be below the poverty line."   A fatter paycheck could help many Americans regain their financial footing during the ongoing recovery, including "essential" workers such as grocery clerks and home health...

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment. - Paul Krugman   (Center of the American Experiment)     This is one reason why 72 percent of US-based economists oppose a federal minimum wage of $15.00 per hour. In 2015, the Employment Policies Institute surveyed 166 economists in the United States on the subject. They found: Nearly three-quarters of these US-based economists oppose a federal minimum wage of $15.00 per hour. The majority of surveyed economists believe a $15.00 per hour minimum wage will have negative...