Economics

Pro/Con: Raising Minimum Wage
Raising minimum wage to $15 leads to higher prices, unemployment By Alex Kirshner ‘18 THE ROUNDUP The idea of raising minimum wage from $7.25 to $15 has been a hot topic amongst politicians and activists around the country. The main argument for raising minimum wage is that $7.25 is not enough for a person to live off of alone, and it is certainly not enough for someone who is trying…
Mainstream methods to bridge opportunity gap often lack long-term viability
By Aakash Jain ’14 THE ROUNDUP This year’s Summit will focus on finding solutions to address the so-called opportunity gap, which refers to the growing global disparity in income, education and ultimately, standard of living. While most reasonable people generally agree that helping the poor and underprivileged should be a priority, there is usually heated debate as to how to achieve this elusive goal. Many people advocate “safety net” programs,…
Jesuits weigh in on Catholic positions regarding economic inequality
By Austin Norville ’15 THE ROUNDUP The hope of this year’s summit on human Dignity topic “The Opportunity Gap” is to influence to students to make a difference in the lives of those less fortunate, according to Summit coordinator Mr. Ryan Hubbell. With this year’s summit, Brophy wants students to act by focusing the problem in the community around the school and even some of our students, Mr. Hubbell said.…