Category Archives: Business & Economics

Another Day, Another Dollar – Gift Cards

We work hard to earn a living. There’s always bills to pay and savings accounts to nurture. But at the same time, it’s also important to (responsibly) spend in order to enjoy the time we have on this precious earth. In general, there are two ways to increase net worth:

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Introducing New Series – Another Day, Another Dollar

Perusing deal sites is one of my hobbies

There’s an active community of like-minded cheapasses to help you along, and you become aware of new products and services. Even as a kid, I was a bargain hunter, and the older, experienced me has now turned this into a skill/game. Because of that, I have a good sense of when to buy something, where to buy it, and how to distinguish a fake deal vs the real deal. This makes me a good shopping companion if you’re trying to curb unnecessary spending, though I’ll  probably guess too low if I’m ever on the Price is Right.

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Economic Mood Swings

Volatility has returned to the markets in the past few weeks. This has led to mixed messages to the public as positive economic news is mingled with sudden drops in major indices.

Most of the bad news seems to be generated from outside of the US. A major contributing factor to the outside negativity stems from the feeling of many that Europe is sliding back into yet another recession

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Is the Unemployment Rate Enough to Judge the Economy?

The media, government officials, economists, and nearly anyone else with mainstream attention talks about the unemployment level. They freely use it as a gauge of how well the economy is doing. The unemployment level has essentially become the official thermometer with which to judge the health of our economy.

But is it really enough? Can one figure, one form of measurement, truly be all that is necessary to gain a comprehensive idea of the state of our economy?

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Study on the Public Opinion of U.S. President Barack Obama’s Proposed Increase in the Minimum Wage

The following is a research project conducted to determine how those businesses most affected by an increase to the national minimum wage feel about President Obama’s proposal from a few months ago.

After the Executive Summary and Report, please find the Questionnaire used as well as some visuals in Data Findings.

Executive Summary

The topic of whether the minimum wage should be increased to $10.10, as proposed by President Barack Obama, has become an intense issue. This study has been conducted to bring to light the current sentiment by those most affected by a change in the minimum so that policy makers have a better understanding and grasp of what needs to be done.

The research conducted was limited to an area in Monmouth County, NJ that includes a range of socio-economic groups from upper lower class to high middle class. The target of the study was divided into two main demographic groups; Professional Managers and Owner Managers. These two groups represent Large Companies and Small Businesses, respectively. Further categorization includes gender and number of employees. Once the data was collected, it was then analyzed to yield results that could be used to complete the objective of accurately portraying how different demographics feel they will be impacted by increasing the minimum wage.

The results have limitations based mostly on the small sample size and specific area that the study was conducted in, as well as the types of industries represented. The implications of the information are important, nonetheless. Large Companies tended to be more against increasing the minimum wage than did Small Businesses. This seems to be because of the large labor force employed by retail corporations that have multiple locations across the state or country. Large Corporations also have more financial burden relative to Small Businesses and would feel the strain of increased labor cost more so than smaller businesses.

After considering the study results and factoring in the limitations, it seems important that policy makers and interested parties conduct similar research on a much larger scale in order to better represent the scope of the nation. With concern to this study, however, recommendations to policy makers would be to increase the minimum wage incrementally on a national scale, however to encourage states to take more of a lead based on each state’s respective economies. A change in the tax code is also necessary to allow businesses, large and small, to better face the current economic challenges. Increasing the minimum wage is only one small step to revitalizing the nation’s economy.

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What are Bitcoins?

On this past week’s broadcast/podcast of The Motley Experience on WRSU, the topic of Bitcoins was discussed.

The use of bitcoins has been highlighted in the news recently and will most likely continue to do so due the controversy surrounding the subject.

To ensure that readers of The Motley Experience have a better understanding of what bitcoins actually are, I have put together a basic overview.

Bitcoin is a digital currency and software

Bitcoin is often referred to as a new kind of currency. But it may be best to think of its units being virtual tokens rather than physical coins or notes. However, like all currencies its value is determined by how much people are willing to exchange it for.

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Raising the Minimum Wage

The current national minimum wage is at $7.25

There has been quite a lot of chatter recently concerning a raise in the minimum wage. Discussion has increased since President Obama’s State of the Union Address this past Tuesday, where he called for a raise in the minimum wage to $10.10 (the current national minimum wage is $7.25, although the number varies by state). The major issue with a wage hike is whether the consequences will be positive or negative for the economy.

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