Why Trappist Beer Needs More Monks

Around for more than two centuries, the Belgian beer made in Trappist monasteries needs more monks to produce it.

Deciding if We Are in a “She-Cession”

In our pre-pandemic 2019 world, the number of service sector jobs that attracted women went up. Meanwhile, male-dominated sectors except for construction had fewer jobs: Ahead by 109,000 jobs, women became a majority of the labor force. The Pandemic Gender…

Where We Have the Best Work-Life Balance

For each of us, the metrics that measure well-being could vary. So, to start, you might want to try this OECD interactive exercise. Called “Better Life Index,” it lets you decide what the good life means. Or, you could just…

How Zero-Emissions Will Change Jobs

Many of us ponder climate change in terms of temperature: Instead today, let’s look at job markets. Zero Emissions Job Markets According to a new report, a zero-emissions economy will change job markets in Latin America and the Caribbean. However,…

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…

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.