Chicken Little is an Increasingly Rare Bird

Chicken Little is an Increasingly Rare Bird

Photo by Artem Beliaikin on Unsplash Production of boiler chickens (those raised for their meat, not eggs) in the US...
EVs: Driving Change at Convenience Stores

EVs: Driving Change at Convenience Stores

Photo by John Cameron on Unsplash The United Nation’s (UN) recent report on the impending changes the world is facing...
Who’s In The Driver’s Seat: The Changing Dynamics of Auto Production

Who’s In The Driver’s Seat: The Changing Dynamics of Auto Production

Photo by Possessed Photography on Unsplash If you were shopping for a new car during the pandemic or even just...
China’s Population is Declining – Too hot, too cold, or just nice for its Economic Development?

China’s Population is Declining – Too hot, too cold, or just nice for its Economic Development?

On Tuesday, January 17th, 2023, China’s National Bureau of Statistics released the country’s population data to be 1.41175 billion in...
The Externalities Effect of Child Firearm Fatalities in the States

The Externalities Effect of Child Firearm Fatalities in the States

A study published on July 8th, 2022 by the Kaiser Family Foundation (KFF) analyzed how gun fatalities among children and...
Why is Everything Getting So Expensive?

Why is Everything Getting So Expensive?

Prices on everyday products like groceries and diapers have increased dramatically in the last couple of years, with inflation often...
Understanding the U.S. Labor Market – A January 2023 Snapshot

Understanding the U.S. Labor Market – A January 2023 Snapshot

Photo by Luis Melendez on Unsplash According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest...
The New Economics of Car Production

The New Economics of Car Production

Photo by Dan Dennis on Unsplash Engineers working at some of American car maker Ford’s facilities in Europe might be...
Looming Water Crisis – What can YOU do to Conserve Water?

Looming Water Crisis – What can YOU do to Conserve Water?

www.britannica.com Looking at the droplet in the infographic, only 2.6% of the world’s water supply is fresh water, while the...
U.K. Economy Three Years after Brexit

U.K. Economy Three Years after Brexit

Photo by Jamie Street on Unsplash Brexit is the term used to mark the event when the United Kingdom (U.K.)...

Demand Shocks

With Students Staying Home, Empty College Towns Hit Hard by Coronavirus Crisis

College campuses all over the world have closed and have sent students home for the rest of the school year. As people practice social distancing and quarantining methods, economic activity is declining. Similarly, as students vacate campuses and head home, economic activity in college towns significantly decreases. Stephen Gavazzi, writing for Forbes, notes that when students leave campus, “gone with them is the purchasing power they had poured into the local economy.” College towns are regions whose revenues rely heavily on demand from the student population, and “until recently, college towns were thought to have a distinct economic advantage over municipalities that did not host an institution of higher learning.”

Amazon to hire 75,000 Workers to Meet Surging Demand

According to the US Department of Labor, over 16.8 million American workers have lost their jobs and filed initial claims for unemployment benefits. This current calculation does not include those workers who have yet to file for unemployment benefits and does not include undocumented workers. Layoffs, furloughs, and pay cuts have swept our nation. Amid such a crisis, Amazon is seeing surges in demand. Amazon has solidified itself as an e-commerce giant and its current business model easily aligned with the COVID-19 social distancing orders. Amazon has already filled the 100,000 positions they posted last month and now they are hiring another 75,000.

LAist: “Kobe Bryant Sneakers Are Worth Big Bucks: But Not Everybody’s Cashing In”

The tragic and unexpected death of Kobe Bryant has caused a large spike in demand for his autographed and game-worn memorabilia. Some collectors are choosing to hold on to their merchandise, while others are cashing out now and even trying to buy more so they can sell it at a higher price in the near future. This article explores the personal and economic incentives for holding on to rare memorabilia in a case like this.