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#askeconomics

85 posts7 participants10 posts today
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What would have to happen in the United States to make the public-facing service industry a better quality? bocvip.com/813103/what-would-h #AskEconomics #economics

BOCVIP · What would have to happen in the United States to make the public-facing service industry a better quality?I hope I worded the title okay. I am 22 and have worked in retail and fast food since turning 18. My positions have all been customer facing; cashier & retail pharmacy. My employers have been Mcdonalds, Dollar Tree, and Walgreens. All three companies were organized very poorly. You work with a skeleton crew, and you do not have a specialized position. The stores are messes and the customer service is poor. The store is always behind on work. What would have to change about the industry to make this no longer the standard quality and expectation of not only
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How popular among economists is the idea of eliminating income tax? bocvip.com/813023/how-popular- #AskEconomics #economics

BOCVIP · How popular among economists is the idea of eliminating income tax?Hey, I'm an American with probably about a high school student's level of understanding of economics. Over the past few months I've been reading assertions that Trump's tariffs will hurt the economy and won't be beneficial in the long run either. I've also heard that Trump may want to eliminate income tax altogether and rely on tariffs, which is also seen negatively, since that method didn't work out for us historically. Today I read this: https://fee.org/articles/tariffs-are-awful-but-the-income-tax-may-be-worse/ I'm not able to understand the argument here on my own. I thought it was interesting because it considers the elimination of income tax
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Could most men really support their entire family with just one income a few decades ago? bocvip.com/812817/could-most-m #AskEconomics #economics

BOCVIP · Could most men really support their entire family with just one income a few decades ago?You see people saying that their grandfathers never went to college but can support their entire families and multiple children on one income. This is a common enough claim I feel like it's unlikely to be entirely false. But we also know that real income has risen over time, so we did not get poorer since our grandparents' generation. So what's going on here? How could it be that they could support their entire families and we can't, yet we are objectively richer? I know there's been many questions on whether we are actually richer. This question is about what
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Would A Per Person Fee To Pay For Local Services Be Better Than A Property Tax? bocvip.com/812701/would-a-per- #AskEconomics #economics

BOCVIP · Would A Per Person Fee To Pay For Local Services Be Better Than A Property Tax?I was reading about different country's tax systems, and I came across an article that talks about Sweden's high taxes. In it, it mentions: 'When the conservative government, favoring lower taxes, came to power in Sweden in 2006 one of its first steps was abolish the property tax and replace it with a fixed fee. The real estate fee for services is 7,112 SEK per house ($825 at current exchange rates). This is the same for everyone no matter what the assessed value of the dwelling. The fee is $12 a month for our co-op apartment in Stockholm. If we
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Can you help me understand the pros and cons of stock buybacks? bocvip.com/812642/can-you-help #AskEconomics #economics

BOCVIP · Can you help me understand the pros and cons of stock buybacks?I rudimentary understand that prior to 1982 stock buybacks were illegal and regarded as a form of market manipulation. My opinion is that we should have never legalized it because at a minimum it because it distorts market signals. That said I can also understand that by making it legal we've improved employee compensation options. So whats the deets on stock buybacks? Good, bad, grey?https://www.reddit.com/r/AskEconomics/comments/1jnvkra/can_you_help_me_understand_the_pros_and_cons_of/Posted by i0datamonster
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How much of the size and robustness of the US economy is tied to the excessive consumption and purchasing done by Americans? bocvip.com/812580/how-much-of- #AskEconomics #economics

BOCVIP · How much of the size and robustness of the US economy is tied to the excessive consumption and purchasing done by Americans?I was curious if the American economy would be what it is without American consumers that are constantly overspending and excessive purchasing things that are unnecessary or considered luxuries in other parts of the world. Would the domestic economy tank if Americans had the spending habits and culture of Europeans? How much does the average American’s purchasing power contribute to the overall economy? And if Americans suddenly stopped spending income on non-essentials, and shifted away from a culture of over-consumption would it impact the global economy as well?https://www.reddit.com/r/AskEconomics/comments/1jnvuzj/how_much_of_the_size_and_robustness_of_the_us/Posted by MrsBigglesworth-_-
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How does inflation impact wage growth in the long run? bocvip.com/812522/how-does-inf #AskEconomics #economics

BOCVIP · How does inflation impact wage growth in the long run?I've been trying to understand the relationship between inflation and wages. I know that in the short run, wages might not immediately catch up to inflation, leading to a decrease in real purchasing power. However in the long run do wages typically adjust to match inflation or do other factors like productivity growth or labor market conditions play a bigger role? Would love to hear insights from economists or anyone knowled geable in this area! https://www.reddit.com/r/AskEconomics/comments/1jntlpq/how_does_inflation_impact_wage_growth_in_the_long/Posted by Beatles6899
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Why have a 50% capital gains inclusion rate on investments that don’t create jobs? bocvip.com/812461/why-have-a-5 #AskEconomics #economics

BOCVIP · Why have a 50% capital gains inclusion rate on investments that don't create jobs?The common logic of the 50% inclusion rate is that we want to encourage investment to spur on the economy. But when the value of some assets go up, like land, gold, and bitcoin, that doesn't really lead to more job creation, right? By having a 50% inclusion rate on these assets, we are basically saying, we want you to invest your capital in unproductive ways. In the case of land, it might even put a damper on economic activity. Is this as senseless as I think it is, or is there something I'm missing?https://www.reddit.com/r/AskEconomics/comments/1jnssf9/why_have_a_50_capital_gains_inclusion_rate_on/Posted by HarmfuIThoughts
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How does a country earn revenue from tariffs whilst increasing domestic production? bocvip.com/812395/how-does-a-c #AskEconomics #economics

BOCVIP · How does a country earn revenue from tariffs whilst increasing domestic production?My understanding could be wrong so please correct me! If a tariff is paid during the importing of goods and is an effort to raise revenue. Doesn’t increasing domestic production of a tariffed product directly reduce the income that would be raised from a tariff?I am just unsure how you achieve tariff revenue and increased domestic production? Wouldn’t you see an increase in one follow a decrease in another?https://www.reddit.com/r/AskEconomics/comments/1jnn9e8/how_does_a_country_earn_revenue_from_tariffs/Posted by AdOk1598
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Repossessed house after defaulting on mortgage: Gain for the bank? bocvip.com/812266/repossessed- #AskEconomics #economics

BOCVIP · Repossessed house after defaulting on mortgage: Gain for the bank?I've been self-educating, out of interest, by watching videos about banking and the economy. My understanding of zero-reserve lending is that credit gets created without any need for backing by reserves. It's like a promise by the borrower to pay back the bank.What if the borrower is a house buyer that eventually defaults on a mortgage? If the bank repossesses the house, doesn't the bank get a house that the bank didn't own before the mortgage was taken out?https://www.reddit.com/r/AskEconomics/comments/1jnowp6/repossessed_house_after_defaulting_on_mortgage/Posted by MereRedditUser
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What do economists consider the best way to support local strategically necessary industries? bocvip.com/812202/what-do-econ #AskEconomics #economics

BOCVIP · What do economists consider the best way to support local strategically necessary industries?What do economists consider the best way for said country to maintain a strategically necessary industry (like iron ore extraction & store production for example)? Is it tariffs, subsidies, some kind of rebate etc.? Are there methods that are better/worse at maintaining healthy competition at least within the local industry to keep prices lower?https://www.reddit.com/r/AskEconomics/comments/1jnkuru/what_do_economists_consider_the_best_way_to/Posted by Mammoth_Teacher8309
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What are economists’ views on the use of the term ‘neoliberalism’ outside of economics ? bocvip.com/811983/what-are-eco #AskEconomics #economics

BOCVIP · What are economists' views on the use of the term 'neoliberalism' outside of economics ?Some questions have been asked with the intent to discuss 'neoliberalism' on this sub, and it was met with more or less the same response 'it's an ill-defined term we don't use in economics.' As examples: Thread1, Thread2. However this term has been used and discussed outside of economics. Notably in Harvey D (2005) A Brief History of Neoliberalism. Oxford: Oxford University Press. And I found this book too : excerpt from Chun, C. W. (2022). A world without capitalism? Alternative discourses, spaces, and imaginaries. Routledge. https://library.oapen.org/bitstream/handle/20.500.12657/77131/9781000484434.pdf?sequence=1&isAllowed=y the definition of neoliberalism on the other hand has
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Tariffs to strongarm Fed into rate cuts? bocvip.com/811917/tariffs-to-s #AskEconomics #economics

BOCVIP · Tariffs to strongarm Fed into rate cuts?One potential explanation for the absolutely lunatic US trade policy as of recent is that the administration is worried about debt sustainability and needs/ wants lower Fed rates to have an easier time refinancing their debt. Now, to me this sounds like complete Maga-copium, but I don’t know enough macro/ financial econ. Is this something that is at all considered a viable option? And shouldn’t a greater recession risk feed through to higher rates (due to lower demand for gov bonds)?https://www.reddit.com/r/AskEconomics/comments/1jnetkl/tariffs_to_strongarm_fed_into_rate_cuts/Posted by sajn0s
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Economics blogs, experts, and websites – what do you follow? bocvip.com/811844/economics-bl #AskEconomics #economics

BOCVIP · Economics blogs, experts, and websites – what do you follow?Hi everyone!There’s so much content out there these days, and sometimes it’s hard to filter out what’s truly high-quality. That’s why I’m curious - what do you read or follow regularly when it comes to economics?Are there any websites, blogs, newsletters, or active economists/experts you check daily or weekly? Particularly interested in higher-level or in-depth economic analysis, but I also appreciate resources that break things down in a clear and accessible way.Would love to hear your recommendations!!https://www.reddit.com/r/AskEconomics/comments/1jndsk5/economics_blogs_experts_and_websites_what_do_you/Posted by TheTitanCoeus
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Is micro more used in the private sector than macro? what sort of jobs use a lot of micro and macro respectively? bocvip.com/811771/is-micro-mor #AskEconomics #economics

BOCVIP · Is micro more used in the private sector than macro? what sort of jobs use a lot of micro and macro respectively?Hi! Econ undergrad here, starting my masters in about 6 months. I'm looking into possible career paths I could take after that because I will be selecting my modules according to that. I'm mostly interested in going into the private or public sector (not academia I don't want to do a PhD).I have a basic idea of jobs that use pure econ (consulting, research, etc). But I'm unsure of what exactly they use? More of macro or micro? Or just a shit ton of econometrics? Looking for advise specific to Central Europe not the US.https://www.reddit.com/r/AskEconomics/comments/1jn6td5/is_micro_more_used_in_the_private_sector_than/Posted by shut-up-cabbitch
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