Reasons Why Labor Creates Wealth

why labor creates wealth
Many have studied the reasons why labor creates wealth. There are many economic theories–some in vogue, some not–that address this issue. Karl Marx And The Value Of Labor Karl Marx and other economic theorists including Adam Smith and David Ricardo believed in something known as the labor theory of value, which Investopedia describes as the notion that “the value of a commodity was determined...
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Mortgage Relief, COVID, Wildfires, And More

Your Mortgage, COVID, Wildfires, And More
Homeowners are being hit hard on all fronts, it seems. Those seeking mortgage relief from COVID-19 economic hardship are joined by those who have had homes threatened, damaged, or destroyed by forest fires in the west, hurricanes in the east, and there seems to be a never-ending supply of problems coming hand-in-glove with coronavirus issues. What is a homeowner to do about their financial situation...
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How Long Can You Go Over Your Oil Change?

Do you need an oil change and you’re worried about having to delay it? Many things can go wrong with your automobile–brakes wear out, transmissions need replacing, and sooner or later you’ll face having to deal with replacing your muffler, fuel filter, getting your air conditioning recharged, etc. Some things are normal wear and tear on the vehicle, and other things may be the result...
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The Shrinking U.S. Economy And You

US Economy Shrinks
If you are interested in investing, you might be wondering what the July 30, 2020 headlines about the U.S. economy shrinking a whopping 33% (more accurately, 32.9% according to the Associated Press) between April and June really means. I love how conspiracy-theory that line above sounds; there is no conspiracy, just a combination of economic factors that have brewed up a nasty economic storm that...
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What Are the Benefits of Increasing Your Credit Line?

What Are the Benefits of Increasing Your Credit Line
What are the benefits of increasing your credit line? It might seem to go against some of the current prevailing advice about credit–use less credit, not more and reduce your credit card balances below 50 percent or better. For many, the idea of increasing your credit line seems counter-intuitive because the idea is to avoid spending more. But increasing your credit line can actually help your...
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