Questions tagged [economics]

Economics is the analytical study of the costs and benefits of producing, distributing, and consuming goods and services. This tag should not be used for personal finance questions, nor for most questions about expensive items, e.g. exorbitantly priced houses, autos, jewelry. It can be used for current events, and in historical contexts.

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5
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2answers
422 views

Were the vast majority of lost manufacturing jobs since 2000 lost due to automation?

There has been a lot of discussion here in the US about manufacturing and about bringing back jobs from overseas. While interviewing US presidential candidate Andrew Yang on the Waking Up podcast, ...
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1answer
1k views

Did Americans coin the phrase “to make money”?

This claim comes from a work of fiction but it is often repeated as true by fiscally conservative individuals who respect the author. In Ayn Rand's Atlas Shrugged, a character named Francisco gives a ...
18
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1answer
2k views

Does the UK send the EU £350 million a week?

I got this propaganda leaflet through my door today, this has been widely claimed by parties in favor of the British EU referendum: We send the EU £350 million a week - let's fund our NHS instead ...
17
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3answers
3k views

Is the British monarchy economically beneficial?

When considering the economic impact of the British royals on the economy/budget, a first thought might be that they cost the state money since they don't do any "real" work and yet live quite ...
17
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1answer
982 views

Were more than a half of all Silicon Valley tech companies founded by immigrants between 1995 and 2005?

Source: CNN Global Public Square: A new book caught my eye this week. It’s called The Immigrant Exodus by Vivek Wadhwa, a former tech entrepreneur who now studies and lectures on immigration. He ...
14
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1answer
2k views

Did JFK Attempt to eliminate the power of the Federal Reserve Bank to loan money to the US?

According to this site: On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power ...
12
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2answers
1k views

Are food deserts a real phenomenon?

According to Wikipedia, a food desert is a low income area where people there cannot access high quality or nutritional food, due to either a lack of transportation or a lack of real grocery stores. ...
12
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1answer
1k views

Are wages stagnant over the past 40 years in the USA?

Over the past few weeks, it has become a common talking point at either major party's convention to talk about the lack of movement in USA citizens' wages since approximately the middle of the 1970s. ...
11
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2answers
2k views

Do Scandinavian-Americans have a higher standard of living than Scandinavians?

A Bloomberg article by the economist Tyler Cowen attributes the following claims to Debunking Utopia: Exposing the Myth of Nordic Socialism by Nima Sanandaji: Danish-Americans have a measured ...
9
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1answer
673 views

Is Congressional net worth up nearly 3700% since 2004?

A link on the Drudge Report today claimed this: Report Many have had the sneaking suspicion that our elected “leaders” in Congress are not going to Washington D.C. to represent us but for ...
8
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2answers
2k views

Would the United States lose its title as the richest country if we exclude top 5% wealth holders?

I read this claim in Quora: The "richest" country in the world (the u.s.) would assuredly lose that place if you excluded just the top 5% of wealth holders Is this claim true? Is there any ...
8
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0answers
424 views

Is there a plateau in happiness vs. GDP per capita? [duplicate]

I remember reading about a study that had measured GDP per capita (or a similar parameter) and average (self-reported?) happiness in a lot of countries. It was hypothesized that there's a limit where ...
7
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1answer
394 views

Did Libyan brides get a USD 90000 dowry from the government?

This pro-Gaddafi source used in this answer makes the claim that, amongst other benefits Libyan citizens get from the Gaddafi government, Libyan brides get a 90000 USD dowry from the government: ...
7
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1answer
1k views

Is there a wage gap between smokers and non-smokers?

I recently saw a PSA from the organization "truth" that claimed there was a wage gap between smokers and non-smokers (the idea being that you should stop smoking if you want more money). http://...
6
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1answer
573 views

Are one-third of human deaths from “poverty-related causes”?

I found a poster that makes some incredible claims, and I want to see how well they stand up to scrutiny. The citation is vague, and I wonder how accurately the claims represent the sources, if at all....
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2answers
625 views

Do women earn less than men for the same exact work? [duplicate]

Previous questions on the site such as this one and this one, as well as the answers and their sources address the gender pay gap on a broad scale, comparing the careers of all men to the careers of ...