Posts Tagged ‘wages’

  • Everyday economics for government pension plan

    The Facts Behind the Gender Pay Gap

    Sep 21, 14 • 288 Views • No Comments

    Although the gender pay gap can be women earning 78 cents for every dollar a male earns, the data, depending on so many variables, is more complicated. ...  [read more]

  • Creating inefficient use of land, labor and capital, a Comcast Time Warner merged firm would become a monopsony.

    Why Mickey Mouse Worries About Monopsonies

    Jun 22, 14 • 417 Views • No Comments

    No, we don’t mean monopoly. A monopoly is the single seller in a large or small geographic area. Monopsony, by contrast, indicates there is a single buyer. Where are we going? Whereas a monopoly has the power to charge too high a price, the amount...  [read more]

  • Paris Metro Station musicians

    One Reason That Lady Gaga Cannot Sing in the Paris Métro

    Nov 7, 13 • 448 Views • Comments Off

    For the right to perform in almost all of Paris’s 303 stations, you have to audition in front of a committee composed of 2 Métro employees, 2 members of the public and the artistic director. At spring and autumn tryouts, 2000 or so people compete each...  [read more]

  • Salary Secrecy

    Aug 23, 12 • 232 Views • No Comments

    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, even when she discovers someone earns more. “I am...  [read more]

  • 16396_8.6_000011537286XSmall

    Job Matters

    May 28, 11 • 237 Views • No Comments

    Where do we work and how much do we earn? In the entire U.S., there are 2830 mathematicians, 3220 historians, and 225,450 fitness trainers and aerobic instructors. Employing 7.6 million, the largest occupational group is salespeople and cashiers. Here, you...  [read more]