Depending on whether you look at national statistics or the numbers on a company basis, employee median pay can look very different.…
The Mystery of the Missing Jobs
To understand why certain cities have more dog walkers, scientists, and pastry chefs, we just need to look at the geography of jobs.…
How a Paper Jam is Like a Recession
Whether it’s the paper in your copier machine or the goods and services in a market economy, flows and jams can be rather similar.…
How to Plant Marijuana Markets
The issues are surprisingly similar for a tiny island like Nantucket and a huge state like California. Both are figuring out how to create the marijuana markets that they legalized. Legalizing Recreat…
What We Do With Our Time
To see what how much we work and sleep and play, and what the GDP does not tell us, we can use the American Time Use Survey.…
The Gender Pay Gap for Female Physicians
Looking at physicians’ salaries in different specialties that renage from pediatrics to radiology, we can see how the gender pay gap varies…
Weekly Roundup: From Nibbling Nachos to Sipping Starbucks
Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.…
Taylor Swift Gives Apple a Little Taste of Capitalism
By asking Apple to pay her and other artists when customers get their music for free displays Taylor Swift’s understanding of the basics of capitalism.…
The Market System: How We Spend Our Time
During a typical day, we spend our time working, relaxing, sleeping, caring for others, caring for ourselves, doing housework and attending to an assortment of minor and major miscellany. Last Thursda…
Who Do You Trust?
Moderated by late show host Johnny Carson, there once was a TV show called “Who Do You Trust?” Initially aired during 1957, the quiz show had husbands (interesting–1950s version woul…