How Chip Shortages Create a Car Crunch

Almost like the perfect storm, chip shortages were created by a convergence of problems that rippled around the world.

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.