Why We Need Bigger Cars

The U.S. birth rate has been gliding downward. Per thousand women, aged 15 to 44, the general fertility rate dipped from 60.1 in 2018 to a provisional 56.8 during the end of 2020: Correspondingly, remaining at 20 percent, there is…

The Surprising Minimum Wage Impact at McDonald’s

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…

How Free Stock Trades Can Be Expensive

Behavioral economist Dan Ariely demonstrated the impact of “free” in an experiment that he described in Predictably Irrational. At first, participants could choose a Hershey’s Kiss for a penny or a Lindt Truffle for 15 cents. Selected by 73%, the…

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…

Why GameStop Stock Is Like a Beanie Baby

GameStop describes itself as a chain of 5,000+ stores that sells video games and entertainment products at malls and online. Rather than a retailer, though, GameStop will probably be remembered as a financial bubble. During 2020 when the stock was…

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…

How to Rescue a Rhinoceros and a Coral Reef

New financial products might be able to boost sustainability projects for the black rhino and a Mexican coral reef.

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.

Why Recent Stock Market Fluctuations Are Tough To Explain

Looking at a Covid-19 time table, economic fundamentals, and economic uncertainty, we can try to explain recent stock market fluctuations.