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.
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.
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.
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.
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.
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.
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.