Hoping to increase its drive-thru speed, McDonald’s has begun to use voice recognition technology to compete against other fast food chains.
Although fast-food consumption has been connected to income, recent research indicates the correlation is not what we expect.
Hearing the Clemson University football team got 300 burgers at the White House, an economist might name the resources needed for a quarter pounder.
When coffee drinkers hear that some prices at Starbucks will rise, their response will depend how how elastic their demand is.
On this #TBT, we can look back at the golden age of productivity growth to see when and how our standard of living improved.
Waiting in line at the McDonald’s drive-through, just think 90 seconds. The most you are supposed to wait, 90 seconds is one half of the McDonald’s formula. Always aiming for speed, years ago McDonald’s experimented with un-toasted buns. They also tried…
To understand what factor productivity involves and its slowdown, we can combine statistical history with examples that include McDonald’s early history.
Shown by fast food lawsuits, corporate limited liability is one reason big businesses are corporations rather than proprietorships and partnerships.