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Home Tag Archives: economy

Tag Archives: economy

Renting vs. Buying: Making the Right Choice for Your Lifestyle and Finances

By Jeremiah Dryden
August 1, 2023
in :  Real Estate

Renting vs. buying a home is a significant life choice that requires careful consideration. Each option comes with its unique set of benefits and drawbacks, making it essential to weigh them against your lifestyle and financial goals. We will explore the key factors that can help you make an informed decision when comparing renting and home purchase. Renting: The Pros …

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Navigating the Dual Storms of AI and Fossil Fuels

By Kenroy White
June 4, 2023
in :  Emerging Tech, Environment

The rise of AI and the utilization of fossil fuels have captivated humanity’s imagination for decades. Both bear the potential to shape our destiny in unprecedented ways. These two have cast their shadows across our planet, leaving trails of consequences that demand our attention. Global Impact: These Two recognize no borders; their influence extends to the farthest corners of the …

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Addressing the Challenges of an Aging Population

By Jeremiah Dryden
April 1, 2023
in :  Business, Policy

An aging population can have significant implications for a country’s workforce, healthcare, and social welfare systems. With declining birth rates and increasing life expectancy, many countries are facing this demographic shift. For example, Japan has one of the oldest populations in the world, with more than 28% of its citizens aged 65 or older. This has resulted in a shortage …

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Socio-Economic Implications of Raising Minimum Wage

By Jeremiah Dryden
March 28, 2023
in :  Business, Policy

Raising the minimum wage is a contentious issue that often divides stakeholders. On the one hand, advocates argue that raising the minimum wage can reduce poverty, increase consumer spending, boost productivity, and promote social justice. On the other hand, opponents claim that raising the minimum wage can increase unemployment, reduce profits, raise prices, and harm small businesses. In addition, another …

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Understanding Progressive vs. Regressive Tax Systems in Caribbean Countries

By Kenroy White
March 11, 2023
in :  Business, Policy

A progressive tax rate is a system where the percentage of tax paid increases as the income or wealth of the taxpayer increases, while a regressive tax system is one where the percentage of tax paid decreases as the income or wealth of the taxpayer increases. A progressive tax system is often designed to achieve greater income equality and reduce …

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Barbados Drafts Population Policy to Counteract Aging Population

By Kenroy White
March 9, 2023
in :  Policy

The Barbados government has released a draft population policy that aims to address the country’s declining population growth rate and its consequences, such as a decrease in the workforce and government revenues due to an aging population. The policy outlines three goals: to promote a sufficient population size, to provide opportunities for personal development, and to promote integrated settlement development. …

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