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Whether looking at the past 50 years in the United States or at the recent global impact of the pandemic, we see a shrinking middle class.
Increasingly, and sometimes humorously, we are talking with bots as fast food AI percolates through our drive thru experience.
Reflecting more affluence, China's beer consumption and its economic development have marched upward together.
Continuing to debate the minimum wage impact, economists still do not agree how, if, and when jobs are lost.
Connecting economics, current events, and history, this week's economic news roundup ranges from later retirement to underwear tariffs.
Hello Everyone-
I’m Elaine.
Having been in the classroom for decades, written three books (and some of a fourth one), I like to think about economics everywhere all the time. Every day, I’ve added a blog to econlife—now it has been almost 14 years and more than 4,000 posts. I am delighted that you are here and hope we can have some economic fun together.