By: Jimmy Mendez K-12 teachers in the United States are tackling a long-term battle with low salary growth rates. According to the data from the Employment Policy Institute, teachers are paid lower relative to similarly situated professional workers. While the average worker’s salary in Florida has steadily increased over the last decade, the average pay … Continue reading The K-12 Wage Gap in Florida: Economic Implications and Future Outlook
BetterWorldBooks Promotes Literacy Through Enterprise
By Gianni Vasquez BetterWorldBooks, a self-sustaining, triple-bottom-line company promotes and advocates for literacy around the world. Their online book-selling platform enables consumers to be participants in the company’s Book for Book™ initiative which was launched in 2011. Via this program, purchases made on the company’s site have supported the distribution of 28 million books to … Continue reading BetterWorldBooks Promotes Literacy Through Enterprise
Corporate Social Responsibility and the Millennial Generation
By Alexis Gimbel The concept of corporate social responsibility, also known as “CSR,” is a company’s efforts to take accountability for its effects on the environment and society. A firm that practices CSR will often operate in a manner that surpasses the business standards required by government regulations. This ideal has led to the development … Continue reading Corporate Social Responsibility and the Millennial Generation
Is the Gas Tax a Sustainable Revenue Source for Roads?
By Giovanna da Silva Millions of Americans depend on roads in their everyday lives. US roads handle 8 billion miles of traffic per day. For most of America’s contemporary history, federal, state, and local governments have maintained and funded roads. Currently, there are 4 million miles of public road in the country. Gas taxes and … Continue reading Is the Gas Tax a Sustainable Revenue Source for Roads?
Food Trucks Pave Way Toward Food Security
By Alex Krutchik Almost every day, we pass by a food truck. Whether it be on campus, a local park, or a carnival, the idea is the same: go up, order your food, pay for it, and receive what you ordered. But for six trucks across the United States and Canada, the process works in … Continue reading Food Trucks Pave Way Toward Food Security
Private Sector Can Shoulder Some of the Risk for New Road Construction
By Giovanna da Silva The 21st century has seen a substantial increase in public-private partnerships in the United States and around the world. The basic principle behind public-private partnerships, or P3s, is that government works with the private sector in order to build and finance public works projects. P3s have been increasingly encouraged by state … Continue reading Private Sector Can Shoulder Some of the Risk for New Road Construction
Israeli Consumers Would Benefit from Greater Competition in Agricultural Industry
By Kristen Carpenter A gallon of milk in Israel costs approximately $6 and eggs are priced at around $3.50. Meanwhile, the prices of milk and eggs in the United States cost consumers about half as much: $3.20 and $2.41, respectively. Israel’s high food costs can largely be attributed to the country’s arid and hilly landscape … Continue reading Israeli Consumers Would Benefit from Greater Competition in Agricultural Industry
How Israel’s Crony Capitalism Undermines Its Reputation as a “Start-up Nation”
By Kristen Carpenter Israel is often nicknamed as the “start-up nation” for its thriving high-tech industries and successful entrepreneurial ventures. Unfortunately, the country is also known for its protectionist policies in the economic sector. A report by the Brookings Institution found that Israeli industries have above-average market concentration rates across all sectors, including manufacturing, real … Continue reading How Israel’s Crony Capitalism Undermines Its Reputation as a “Start-up Nation”
Why the U.S. Should Adopt the Nordic Approach to Private Roads
By Giovanna da Silva Many view the United States as a free market capitalist state and Nordic countries such as Sweden and Finland as socialist due to their extensive welfare system. Yet, in the United States, most roads, highways, and other transportation infrastructure are publicly owned and operated. Meanwhile, the vast majority of roads in … Continue reading Why the U.S. Should Adopt the Nordic Approach to Private Roads
The Jones Act is Sinking the Growth of American Industries
By Giovanna DaSilva The Merchant Marine Act of 1920, commonly referred to as the Jones Act, is a law enacted to protect the United States’ maritime industry, regulate commerce, and bolster national defense. While well-intentioned, the act fails to reflect the current needs of the United States. Repealing the Jones Act would prove beneficial to … Continue reading The Jones Act is Sinking the Growth of American Industries
Study Finds Growth Management Laws Reduce Housing Affordability
by Matt Kelly A new study by Cato Institute Senior Fellow Randal O’Toole explores the history and effects of growth management in the United States. Growth-management laws, according to O’Toole, “restrict rural development in order to force most growth into the cities.” In “The New Feudalism: Why States Must Repeal Growth-Management Laws” O’Toole finds these … Continue reading Study Finds Growth Management Laws Reduce Housing Affordability
New Overtime Rules Blocked For Now, But Uncertainty Weighs on Businesses
By Matt Kelly CLOCK IN TIME: 6:10pm Work in the United States may be about to change. The Department of Labor (DOL) has updated overtime rules relating to the Fair Labor Standards Act, and some changes could have a big impact on businesses’ labor costs. The rules were set to take effect on December 1, … Continue reading New Overtime Rules Blocked For Now, But Uncertainty Weighs on Businesses
Special Districts in Florida
By: Matt Kelly and Tyler Worthington Former Speaker of the U.S. House of Representatives Tip O’Neil once said, “all politics is local,” meaning that politicians must appeal to local constituents to succeed. Yet political economy is arguably most opaque and complex at local levels. Local governments have grown as numerous as they are multifaceted. Over … Continue reading Special Districts in Florida
Gender Wage Gap in Florida
By Tyler Worthington, Tian Ma, and Igor Lukashevich One of the hottest topics in the 2016 presidential race is income inequality. Income inequality between the genders has been of particular interest. According to the White House, full-time working women are paid 78 cents for every dollar earned by a man. However, the labor market in … Continue reading Gender Wage Gap in Florida
Urban gardens face zoning restrictions
By Stephany Bittar Urban gardens are cropping up all over the country, and it’s easy to see why. Growing food inside cities can be cheap, and can provide a new level of control over what we consume. Urban gardens can also strengthen communities by providing a healthy alternative to impoverished areas with limited access to … Continue reading Urban gardens face zoning restrictions
FDA Rules May Vaporize The E-cigarette Industry
By Kevin Gomez In the last three years, the electronic-cigarette business has exploded. According to Wells Fargo Securities, the “vaping” industry has gone from estimated revenue of $1 billion in 2012 to $3.5 billion in 2015. Although much more research is needed to assess e-cigarettes health effects, some medical professionals say it is at least … Continue reading FDA Rules May Vaporize The E-cigarette Industry
EPA’s W.O.T.U.S. rule would affect much of Florida
By Tyler Worthington On June 29, 2015, the Environmental Protection Agency (EPA) and Army Corps of Engineers added a new rule that redefined “Waters of the United States” (W.O.T.U.S.) to the Federal Register and broadened what streams, rivers, ponds, wetlands, ditches, and waterways are subject to federal regulations under the Clean Water Act. This rule marks … Continue reading EPA’s W.O.T.U.S. rule would affect much of Florida
Measuring Liberty: The Economic Freedom of the World Index
By Matt Kelly Defining freedom can be a difficult endeavor, yet the ability to compare relative economic and social liberties among countries is of significant importance for economic research. With that aim in mind, Florida State University professor and DeVoe Moore scholar James Gwartney and Robert Lawson of Southern Methodist University, have compiled the Economic … Continue reading Measuring Liberty: The Economic Freedom of the World Index
Off The Grid: The Future of Solar Power
By Logan Shewmaker According to the Solar Energy Industries Association (SEIA), Florida ranks 3rd in the United States for rooftop solar energy potential. But Florida only ranks 13th in “cumulative solar capacity installed.” Some experts think that this lack of solar energy installation stems from poor policy. James Fenton, director of the Solar Energy Center … Continue reading Off The Grid: The Future of Solar Power
Rubio’s Opposition to Normalization with Cuba Not Without Merit
By Matt Kelly Florida Senator Marco Rubio has been an outspoken critic of President Obama’s call to end the trade embargo on Cuba, characterizing the policy shift as “a victory for oppressive governments the world over.”The grandson of Cuban immigrants, Rubio represents the interests of “old school” emigres. This group, which immigrated following the 1959 … Continue reading Rubio’s Opposition to Normalization with Cuba Not Without Merit
Normalizing Relations with Cuba: A Step Forward
Original post date: December 23, 2014 Article by: Matt Kelly In a recent statement, President Obama suggested Congress lift the 54 year long trade embargo on Cuba and announced concrete steps he and the communist nation’s president Raul Castro would take to normalize relations. The controversial statement elicited mixed responses from legislators, news media, and … Continue reading Normalizing Relations with Cuba: A Step Forward
Why do Workers Support The Minimum Wage?
Original post date: February 03, 2014 Article by: Ben Douglas One of the more peculiar political phenomena of our time is the widespread support of minimum wage laws among unskilled labor, particularly service workers in low-wage industries such as hotels, restaurants, and retail shops. This is likely to increase with President Obama’s push to increase … Continue reading Why do Workers Support The Minimum Wage?
Transit as an Inferior Good
Original post date: November 25, 2013 Article by: Ben Douglas 6/6/2023 Edits: Some links that were no longer working have been fixed. Mass transit is frequently accompanied by mass-subsidization, cartelization, and monopolies. This chronic need for artificial support might be an indication of its inherent inferiority as an economically valued good or service. If consumers … Continue reading Transit as an Inferior Good
Entrenched Interests Fight Innovation in Taxi Industry
Original post date: November 19, 2013 Article by: Ben Douglas 5/24/2023 Edits: Some links that were no longer working have been fixed. A revolutionary new smartphone app is changing the nature of the taxicab business, but stiff opposition from entrenched taxi companies risks keeping their innovations from benefiting customers. Uber is a venture-capital funded startup … Continue reading Entrenched Interests Fight Innovation in Taxi Industry
Is Florida Headed for a Seller’s Market?
Original Post date: July 10, 2012 Article by: Anonymous The subtitle of a recent Miami Herald Business Monday (6/18/2012) article read: “South Florida's real estate market suffers from depressed prices and low inventory [emphasis added].” With an average decrease of 49% in real estate values from the housing peak in 2006, perhaps suffering is an … Continue reading Is Florida Headed for a Seller’s Market?