Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.…
How Much Your Sleep Costs You
Personal income relates to how long we sleep. Less sleep can diminish the productivity that brings a higher wage. But also, less sleep means more work time.…
Weekly Roundup: From Greek Games to Tennis Matches
Our everyday economics includes externalities, branding, monopolistic competition, sovereign debt, game theory, elasticity, taxes, markets and the glass ceiling.…
Salary Secrecy
What happens when everyone knows how much you earn? A Boulder, Colorado firm, has voluntarily decided to let workers check a spreadsheet and see what others take home. One employee said she likes it, …
Baseball Salaries and Taxes
There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd …
Presidential Pay and the GDP
The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary firs…