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shortage of toilet paper

How a Labor Shortage Causes Inflation

Posted by By Vitaliy Novik, PhD
As the COVID-19 pandemic comes to an end in America, economic activity has been increasing rapidly. But with many potential workers choosing to stay out of the labor force, there…
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How Immigrants Escape Poverty in America

How Immigrants Escape Poverty in America

Posted by By Vitaliy Novik, PhD
Having arrived in America at the age of four as the child of immigrants, I’ve been able to observe the adjustment to American life of hundreds of immigrants just like…
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The College Majors That Pay Off and Those That Don’t

The College Majors That Pay Off and Those That Don’t

Posted by By Vitaliy Novik, PhD
When thinking about whether or not to go to college, the potential for higher earnings is one of the most important factors considered. But do all college degrees pay off?…
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Fast food workers assemble burgers.

Why Do Some Jobs Pay More Than Others?

Posted by By Vitaliy Novik, PhD
In 2019 a fast-food worker made $25,000 per year while a specialized medical doctor made close to 10 times as much, at $250,000 per year. Why do some jobs pay…
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