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The Opportunity Cost of Watching Soap Operas was well over $160 Billion in 1982, adjusted for inflation.
In 1982, the minimum wage in the United States was $3.35 per hour. The median wage was $11.60 per hour. If we assume that each person who watched a soap opera would have otherwise been working, the opportunity cost of watching soap operas in 1982 was $3.35 * 8,400,000,000 hours = $28,090,000,000. The median wage…
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New York v. Quarles: The Case That Established the ‘Public Safety’ Exception to Miranda Rights
New York v. Quarles is a landmark case that revolutionized criminal procedure law in the United States. Here are some of the key quotes from the case: “Public safety must be protected and it cannot be protected by the sacrifice of all personal privacy and freedom” – Chief Justice Burger “Where possible, we interpret the…
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Top Political Donors of the 1980s
Summary: Political campaigns in the United States are expensive, and candidates need to raise millions of dollars to fund their campaigns. Many candidates turn to wealthy donors for help. In this blog post, we will take a closer look at the political causes that some of the top political donors in the United States have…
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Top Political Donors in the United States: Who They Are and What They Support
Summary: Political campaigns in the United States are expensive, and candidates need to raise millions of dollars to fund their campaigns. Many candidates turn to wealthy donors for help. In this blog post, we will take a closer look at the political causes that some of the top political donors in the United States have…
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