Archive for the 'technology' Category

Recent trends in the entrepreneurship field are discussed within the Center for an Urban Culture article. The article mentions how New York City is currently in the middle of a “golden age” of entrepreneurship. Many individuals are deciding to open new businesses and employ themselves despite the incredible hardship one must endure in order to […]

As Joseph Stieglitz mentions in his book “The Price of Inequality,” income inequality is a growing concern. It is “responsible for all manner of political instability, as well as for the slowing of economic growth worldwide.” The causes of income inequality have been controversial, but what we need to focus upon more importantly are the […]

The NYT article titled “How Technology Could Help Fight Income Inequality” discusses the possibility of the market itself, without political involvement, reversing itself to become more equal, by using technology as its catalyst. I immediately took to this argument because allowing the free market to make decisions, in my opinion, is the best course of […]

Income inequality is undeniable. Various measures, including the Gini coefficient as well as the tax study by Piketty and Saez, all indicate the rapid rise in income inequality levels within the United States over the course of the past century. We all know something must be done to correct this inequality as the United States […]

When technology is discussed in relation to economics and income, it is usually frowned upon due to the many ways it increases the income inequality gap within the United States. Critics focus on the argument that only small groups of people benefit financially from innovations and technological advancements, whereas supporters argue that the wealth and […]

We’ve talked about hydraulic fracturing plenty of times and have seen the negative effects outweighing the positive ones. Sure, hydraulic fracturing is a better alternative to other options such as oil drilling and coal mining. However, it is still not the optimal solution, not even close. Hydraulic fracturing utilizes over 600 carcinogenic chemicals and toxins […]

The popularity of fracking has increased over the years in many of our states. Fracking is essentially extracting natural gas using a high-pressured mixture of water, sand, and chemicals. It is said to create safety hazards in our water and atmosphere.  Many environmental groups and advocates have fought against the practice of fracking and Governor […]

Class 19: Fracking – Tradeoff of Wealth and Health The issue of fracking is another typical example of a tradeoff between developing resources for wealth and preserving the environments for health. On one hand fracking offers great wealth and economic development for the parties of interest in the area, while also creating uncertain health risks […]

Jannette Navarro is an ideal example of juggling a relationship with family and friends, taking care of a child as a single mother, retaining a job to support the child, and attempting to remain in school. With companies focusing on profit, they ignore the fact that their scheduling changes causes a chain reaction amongst other […]

Despite strong advocates and equally as strong opposition, it seems both the federal and state government alike have decided income inequality in this nation needs to be addressed in the form of an increase in the minimum wage. Mayor de Blasio recently passed a bill targeting some 18,000 New York City workers who work on […]

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