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.
A 10-pack of Wrigley’s Juicy Fruit gum was the first item ever to have a barcode checkout. The year was 1974 and the place, a Marsh Supermarket in Troy, Ohio. While for decades, people had been trying to figure out…
Starbucks calls it “transactions per hour” but from our perspective, it’s waiting in line. Researchers say that it takes only 3 minutes in a queue for us to become impatient. Hoping to show their shorter line time and higher sales,…
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
