Butter, Buildings, and Baumol’s Disease

New Chicago Fed head Austan Goolsbee and a U. of Chicago colleague try to solve the mystery of lagging construction industry productivity.

How To Be Happy At Work

Using criteria that include happiness and meaningfulness, the ATUS (American Time Use Survey) ranks job well-being.

Why Our Tipping Behavior Changed

Explained by behavioral economics, a new technological default changed our tipping behavior in restaurants and taxi cabs.

Why We Have a Santa Shortage

On the demand and supply sides of the market, we have a Santa shortage that some say has caused Santaflation.

Why Long Potatoes and Short Corn Can Be A Problem

More than crop innovation, the story of short corn takes us to climate change, to farm productivity, and maybe even to long potatoes.

What Pay Transparency Reveals

New York City’s new pay transparency mandate could narrow a race and gender pay gap but also could have unintended consequences.

How Much Less We Work

With 60 million extra hours of non-commuting time, we had the opportunity to make revolutionary work leisure tradeloffs.

How Much We Were Willing To Work

Labor force participation rates could have conveyed only a part of the picture of how much we worked during the pandemic.

How Our Work-From-Home Habits Have Changed

The NY Fed tells us that remote work has stuck: For services (blue) and manufacturing (mustard), a relatively substantial number of us remain remote:   But it has been disruptive. Let’s see how. Work-From-Home Pre-pandemic There is much more than…

A Labor Day Look At Invisible Labor

At an Academy Awards ceremony, because the wrong envelope had been given to Faye Dunaway and Warren Beatty, they said La La Land was Best Picture instead of Moonlight. Responsible for a task that we only notice when the person…