Although airplane middle seat misery appears only to affect its occupant, widening that seat will be felt felt far beyond the people who sit there.…
Innovation
Innovation is a source of economic growth. Including the impact of new technology and the incentives that stimulate creativity, innovation is important for a market system. Depending on current events, econlife considers the impact and source of past and present innovation that includes the industrial revolution, the transportation revolution, the information revolution and people like Steve Jobs and Andrew Carnegie who made it possible.
How Mattress Markets Have Inflated
An example of the revolution in mattress markets, Casper has been a leader and a victim of the competition that its innovation inspired.…
The Spillover Created By a New Coffee Cup Lid
Creating considerable negative spillover, the Solo Traveler coffee (and tea) cup lid could be replaced by a vastly better design.…
The Cities That Innovate the Most
Prosperity is becoming increasingly concentrated as talent attracts talent and highly educated workers are moving to the same innovation centers.…
What Outer Space Adds to the GDP
When we hear about a red Tesla with a Starman inside orbiting the sun, we can think of a growing space economy that is adding to the GDP.…
The Toilet That is Supposed to Boost Productivity
A less mentioned source of worker productivity can take us off the job to the recent attempts to diminish the amount of time spent on bathroom breaks.…
How to Develop a New Apple
Like iPhones and iPads, Cosmic Crisp apples were developed and tested and patented by scientists during many years of research.…
The One Way That Apple and Pizza Hut Are Alike
Propelled by Apple and Pizza Hut, new pizza box design could bring us takeout pizza whose taste and temperature weather a journey.…
When Marijuana Causes a Car Crash
With recreational marijuana causing more car crashes, the police need a device that is comparable to the alcohol breathalyzer.…
How U.S. Labor Productivity Relates to Nike’s Vaporflys
Whether looking at the marathon runners that wear Nike’s Vaporfly sneakers or U.S. labor productivity, we can see the importance of capital innovation.…