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Yearly Archive2018

Inappropriate Wage Reduces the Supply of Local Eastern Shore Crab Pickers

Inappropriate Wage Reduces the Supply of Local Eastern Shore Crab Pickers

The crab industry claimed that Trump’s immigration policies caused a shortage of H-2B crab pickers from Mexico on Maryland’s Eastern Shore. The Eastern Shore of Maryland is the region east of the Chesapeake Bay and home to many of Maryland’s crab companies.

Autonomous Vehicles: Are they Safe?

Autonomous Vehicles: Are they Safe?

Many believe that autonomous, self-driving or robotic vehicles are the future of the automobile industry and a source of profit for the ride sharing industry. Some proponents of autonomous vehicles (AVs) argue that these vehicles will increase safety, lower insurance rates, reduce crime, improve traffic flow and so on. Others, such as Solomon, are aware that “Autopilot controls are not yet fully capable of functioning without human intervention – but they’re good enough to lull us into a false sense of security.”

U.S. Tariffs Unlikely to be Beneficial

U.S. Tariffs Unlikely to be Beneficial

A tax on an imported good is a tariff. Businesses losing market share due to imports often petition their government to impose a tariff on imports. A tariff, however, raises the relative domestic price above the relative world price by the amount of the tariff, making the good more profitable for the inefficient business and costlier to domestic consumers. When the domestic relative price of the good is higher than the relative world price, production inefficiency occurs.