The Importance of a Beer Pipeline

A perfect example of how capital makes a firm more efficient, Belgium’s beer pipeline displayed how new technology saves time.

The Robot Milkers That Cows Like

It appears that cows prefer robot milkers. Rather than following a human schedule of pre-dawn mornings and late afternoons, the robots respond to what the cows want. Perhaps 5 or 6 times a day, the cows line up in front…

How Has The Safety Net Affected the Unemployment Rate?

University of Chicago economist Casey Mulligan believes that the US unemployment rate has remained high because of many separate public policy changes. Big and small, each one influenced workers, businesses and consumers by creating new incentives. For workers, Dr, Mulligan…

Who Works the Hardest in the Euro Zone?

I just discovered a surprising statistic. In the euro zone, judged by hours per week, the Germans are not nearly the hardest workers. Instead Greece, with an average of 42.1 hours is close to the top of the list. By…

Productivity Matters

Sometimes new technology increases productivity. “Sushi making robots” at Kura, a restaurant chain in Japan, have replaced chefs while conveyer belts take the food to diners. By using less labor and more capital, in a tough economy, the firm is…

Transportation Matters

Reading about India’s inadequate railway system, I thought about the Erie Canal. Currently, massive freight containers that took four or five days to travel from Singapore to Mumbai will then take 28 days to reach New Delhi because trains and…

More Than a Mango

This story is about a canal and a plastic milk crate. It takes place on a mango farm in Haiti. The farmer has 2 mango trees. The trees produce her entire crop and her income of approximately $2 a day.…