How the Economy Affects Our Vote

The impact of the economy on our voting patterns is about much more than inflation, unemployment, and how much the GDP has grown.

Where Will Automation Change Our Lives?

Whether looking at a self-driving car or your airline ticketing app, you can see how automation has begun to shift job activities.

Why a Laundry Folding Robot is About More Than a Chore

In 2020, a Laundroid might be folding your laundry. The size of a refrigerator, the Laundroid has a bottom bin in which you can place a crumpled t-shirt. Five minutes later when you return, neatly folded, it awaits you. We could save 9,000 hours–maybe…

Weekly Roundup: From Robot Servers to Shrimp Farmers

Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.

Why Ronald McRobot Will Soon Serve Us

A minimum wage hike causes labor intensive fast food restaurants to exit the market, capital intensive restaurants to enter and the number of jobs to drop.

Weekly Roundup: From Speed Eating to Slow Aging

Our everyday economics includes development, automation, taxes, fiscal policy, GDP, entitlements, entrepreneurs, negative externalities and environment.

Weekly Roundup: From Fed Humor to the Wisdom of Warren Buffett

Our Posts Roundup Sunday 3.01.15 Handy notes from Warren Buffett…more Monday 3.02.15 The basics of Greek tax evasion…more Tuesday 3.03.15 Insight about airline queues…more Wednesday 3.04.15 Why we subsidize Brazilian farmers…more Thursday 3.05.15 What an ATM can teach us…more  …

How an ATM is More Than a Money Machine

A banking innovation that is more than a money machine, the ATM’s impact on bank tellers shows the impact of Joseph Schumpeter’s creative destruction.

Our Weekly Roundup: From Free Music to Cheap Oil

This week’s everyday economics involves opportunity cost, regulation, behavioral economics, GDP, automation, innovation, supply and demand and productivity.

The Robots Are Taking Over! (Our Most Mundane Jobs)

Future job creation will involve non-routine cognitive jobs at the top and manually varied jobs at the bottom with less in the middle because of automation.