“Economics 101: a Minimum Wage Undermines Low-paid Workers’ Interests”
The primary factors that govern a worker’s wage are the worker’s ability to generate revenue for the company and the degree of competition from other workers. Sometimes, this organic wage determination process results in a wage that society regards as “too low to make a living”, leading to calls for a minimum wage.
Childcare and Female Labor Participation: Lessons for the GCC
Raising female labor force participation from 22% to 30% represents one of the Saudi Arabian government’s goals in its Vision 2030. All advanced economies feature strong female participation in the labor force, as robust economies make use of all available resources, male and female.
Economics 101: When It Comes to Wages, Fairness Is Not the Crucial Measure
One salient difference between economists and non-economists is that the latter are often observed describing prices, including wages, as being “fair” or “unfair”, whereas economists will scarcely use such terms.
Where Has the “Great Middle” Arrived?
In a Study by «derasat» About the Importance of the Strait of Bab Al-mandab: the Strategic Waterway Is the Contact Point for the Gulf and Africa’s Security
The Success of Emirates, Qatar, and Etihad Airways Concerns Their Competitors
The recent success of Emirates, Etihad, and Qatar Airways has concerned global competitors, who have responded with government-mediated complaints alleging of “unfair” assistance from the Gulf governments, such as interest-free loans.
Knowledge Economy .. The Silent Chinese Dominance Vs the Cowboy Whips
Economics 101: Wages Reflect Revenue a Job Generates, but the GCC Is Special
Under normal circumstances (the GCC is not included; see below), a company agrees to pay you a wage for one reason only: the tasks that you perform generate revenues for the company.
