People generally just don't get what poverty actually means. This is a charge often enough aimed at me and people like me, well off white guys who pontificate upon economics. But those making that ...

Which job situation would you prefer: Earning $50,000 per year while everyone around you makes $60,000; or earning $40,000 per year as others are taking home $30,000? This question captures the ...

"Absolute income" is an economic term that simply describes the amount of money that an individual is compensated for his or her work. Call it wages, salary, earnings, or take-home pay - it's all ...