The complexities of the minimum wage debate involve different incentives for employers and employees and different minimum wages in the U.S.
Brand loyalty, preferring aspartame in Diet Pepsi and Coca-Cola's original recipe can be explained by ideas from behavioral economics like status quo bias.
This week's economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.
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.
Because consumer spending perception is based on what is regularly purchased, the bacon cheeseburger (cheese, bacon, beef) can be an inflation indicator.
Illustrated by the impact of cheap oil, the natural resource curse hits countries that have disproportionately focused economic activity on one industry.
Disney is considering dynamic pricing to spread attendance and diminish lines. Restaurants, airlines, hotels and others with pricing power also vary price.
Because credit card scores predict trustworthiness and financial distress, they indicate whether a co-habitation relationship will be long lasting.