Author: Abigail Diaz

After weeks of escalating threats, the White House took decisive action on Saturday, implementing tariffs on imports from some of the United States’ largest trading partners. President Donald Trump has ordered a 25% tariff on goods imported from Mexico and Canada, as well as a 10% tariff on products from China. Together, these three countries represent 41.7% of all U.S. imports, according to the latest data from the U.S. Census Bureau. All imports from Mexico, Canada, and China will now be subject to these increased tariff rates, with the exception of Canadian oil, which will be taxed at a reduced…

An economy is a complex and interconnected system of human labor, exchange, and consumption. It emerges organically from the collective actions of individuals, much like language, forming a spontaneous order. At its core, economic activity is driven by trade, as individuals seek to enhance their standard of living. Sustainable improvements in living standards are only possible when labor becomes more productive. Productivity, in turn, is fueled by specialization, technological innovation, and the effective use of working capital. Ultimately, long-term economic growth is achievable only through continuous advancements in productivity. What Is an Economy? Economies are often defined by regional boundaries,…

The relationship between labor supply and wages is a fundamental economic principle. As the labor force grows, wages experience downward pressure—especially if the demand for labor fails to keep pace with supply. This dynamic is particularly evident in industries with low barriers to entry, where jobs require little to no specialized training or formal education. In such sectors, an oversupply of workers often leads to lower wages and reduced job security. In contrast, industries that demand higher levels of education and specialized training tend to offer higher wages. This is largely due to a more limited labor pool qualified to…

The National Labor Relations Board (NLRB) is an independent federal agency tasked with enforcing the National Labor Relations Act (NLRA). Enacted in 1935, the NLRA, also known as the Wagner Act, was designed to safeguard the rights of private-sector employees. The establishment of the NLRB ensures that both employers and labor unions comply with the provisions of the NLRA, protecting workers from unfair labor practices and promoting equitable labor relations. The National Labor Relations Board (NLRB) is a key federal agency that oversees the enforcement of labor laws in the United States, specifically the National Labor Relations Act (NLRA). Established…

Historically, college athletes were prohibited from monetizing their name, image, and likeness (NIL). However, in 2021, the National Collegiate Athletic Association (NCAA) enacted interim rules that allowed athletes to capitalize on their personal brands for financial gain. This policy shift has created new opportunities for student-athletes to generate income while still in school. However, the introduction of NIL deals also brings with it a range of important tax considerations that athletes must carefully navigate. What Are NIL Deals? NIL deals allow college athletes to profit from their name, image, and likeness without jeopardizing their eligibility to play collegiate sports. These…