From 2016 through 2020, wages crept upward at thousands of McDonald’s in the U.S. The McDonald’s response, though, is not quite what economists would have expected. The (Surprising) Minimum Wage Impact Traditional economic theory suggests that employers respond to an…
Where Women Do the Most Unpaid Work
In Beijing, unpaid housework just got a price. Because of their new Civil Code, a Chinese judge decided that a divorce settlement had to include compensation for the former wife. He said that in addition to monthly alimony, she was…
What Economists Say About the Minimum Wage
The night before President Roosevelt signed the law that established the first federal hourly minimum wage, he warned in his fireside chat that we should, “…not let any calamity-howling executive with an income of $1,000 a day, …tell you…that a…
What Makes a Snow Shoveler Smile?
Monday, in Morris County, New Jersey we got approximately 24 inches of snow. NOAA shows us who was hardest hit. My home, where the arrow points, is shaded in darker orange: At 20 to 30 inches rather than the usual…
What the Unemployment Rate Hides
Seemingly evident through a monthly report that states the jobless rate and job losses or gains, real unemployment figures can be hidden.
Will We Have More Pandemic Babies?
When we look at Google word searches, at family planning surveys, and at past multi-year disasters, we can predict pandemic birth rates.
Where Gasoline Is Most and Least Affordable
When we look at where the world’s gasoline prices are high and low, we could be surprised with their affordability.
What We Can Learn From Santa’s Age
As a CEO at the North Pole, Santa is a manager who runs a toy workshop. But he wears many hats. In addition, he is a private investigator who knows which children have been good and bad. He is also…
6 Updated Facts: What Happened to Manufacturing?
A manufacturing update reveals the impact from tariffs and other reasons that our economy is experiencing major changes.
Where to Find a Higher Minimum Wage
Traveling around the United States, you would see a minimum wage that varied from state to state and among different cities.