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.
When worker performance is monitored through data collection of what we do and how long it takes, productivity increases but perverse incentives result too.
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.
Nothing but grass, lawns began as conspicuous consumption from the English and French aristocracy and now are a middle class manicured status symbol.
Because Berkeley's sugary drink tax has had little impact on price, researchers suggest that lawmakers insufficiently considered elasticity and incidence.
Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.
Depending on how fast news travels, high speed trading can be done through homing pigeons or computers but both have created information asymmetry.