Because Boeing’s new overhead baggage bin reduces boarding delays and creates the storage space that extra seats require, it adds to airline productivity.
Weekly Roundup: From Overbooked Flights to Immigration Fallacies
This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
How Immigration Disproves the Lump of Labor Fallacy
Whereas immigration can result in more workers, their impact on wages can be neutral because those immigrants create more demand which leads to more jobs.
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.
The Data That Keep Track of Us at Work
When worker performance is monitored through data collection of what we do and how long it takes, productivity increases but perverse incentives result too.
Weekly Roundup: From Traffic Congestion to Job Evaluation
Our everyday economics includes central planning, unintended consequences, comparative advantage, transportation infrastructure, cost & developing nations.
The World’s Sanitation Gap
A production possibilities graph can display the land, labor and capital underutilization that inadequate sanitation creates and indicate a constrained GDP.
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.
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.