Weekly Roundup: From Buying Big Macs to Selling Waders

Our weekly roundup includes the tennis gender pay gap and toilet gap, free trade and individual businesses, and the purchasing power of the minimum wage.

The Amount of Work it Takes to Buy a Big Mac

Comparing the purchasing power of nominal and real wage rates among countries and for different years in one nation, we learn about standards of living.

Weekly Roundup: From Large Bills to Small Sodas

Our economic news summary includes Coke’s mini sales and social norms, the minimum wage’s and cardboard boxes’ hidden impact, and an economic misery index.

Why the Minimum Wage is About More Than Money

While traditional minimum wage studies look at price floors and jobs lost, recent research shows we need to look at other ways firms adjust to the new cost.

Weekly Roundup: From Lost Jobs to Fewer Tips

Posts Roundup Sunday 10.11.15 Why we stick with a brand…more Monday 10.12.15 The many meanings of the minimum wage…more Tuesday 10.13.15 How a drone port solves road problems…more Wednesday 10.14.15 Development surprises from a new Nobel winner…more Thursday 10.15.15 Finding disappearing jobs…more…

Tipping Decisions

Phasing in a no-tipping policy, Danny Meyer will eliminate tipping decisions, raise prices, change server pay and increase what the kitchen staff earns.

Weekly Roundup: From Data Spies to Ivory Trackers

Our economic news summary ranges from elasticity and a Berkeley soda tax to the minimum wage and the cost of living, to the power of the market and ivory.

Why the Same Minimum Wage is Really Different

Comparing median and minimum wage and looking at how the cost of living varies, we can see that the wisdom of a $15 minimum wage hike depends on location.

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.