Labor

The Economics of the Four Day Workweek

Veronica Horton
10 January 2023

Imagine going to a job interview and the hiring manager saying ‘You don’t want to work on Fridays? No problem. You’re hired.’ Does it seem likely? Pre-covid, probably not, but today, it might just happen. Since the world was abruptly…

It’s Back to the Basics at the Golden Arches

Veronica Horton
1 September 2022

Thinking of having a salad for lunch today? If so, you might want to skip McDonald’s. The fast food giant recently announced that it would be discontinuing most of its salad options and focusing instead on its traditional menu of…

Return to Office vs. Remote Work vs. a bit of both?

Sunita Kumari
30 August 2022

According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest unemployment rate during the COVID-19 pandemic at 14.8%. As of July 2022, the unemployment rate reduced to 3.5%, which is the same as the pre-pandemic level…

Walgreens’ Rxbots

Michael Coon
14 April 2022

Drugstore chain Walgreens has begun using robots to fill prescriptions. The robots can reportedly fill 300 prescriptions per hour, roughly the same number a pharmacist can fill in a day. The robots fill the prescriptions in a centralized facility and…

The Economics of IKEA: Why Does Labor Lead to Love? (VIDEO)

NickelsMcHughMcHugh
12 August 2021

The Swedish company IKEA is famous across the globe for its meatballs and its wide array of furniture that customers must assemble at home. This video explains the behavioral psychology behind the “IKEA effect” with its winding floor plan that…

We’re Open, But…

Veronica Horton
10 July 2021

If you’ve found yourself waiting for service at a bar or restaurant recently, you’re not alone. Across the country, widespread labor shortages are creating new headaches for the hospitality industry, arguably one of the harder hit industries during the COVID-19…

Restaurants Struggle to Fill Vacant Job Openings

NickelsMcHughMcHugh
23 April 2021

After experiencing the worst year for the hospitality industry in U.S. history, restaurants and bars are beginning to bounce back as vaccinated Americans reemerge into the world and Covid-19 restrictions ease. For instance, sales at the Miami coffee shop and…

Pandemic Learning Pods Highlight Wealth Disparity in Education

Audrieanna Burgin
22 October 2020

The impact of the coronavirus pandemic on education has been widespread. CBS Evening News reports that this fall over 12 million grade school students will be working remotely, “80% of the country’s largest school districts are moving to remote learning”. This…

Unemployment Claims Surpass 1 Million Once Again

NickelsMcHughMcHugh
27 August 2020

For nearly every week since March, millions of Americans have filed for unemployment benefits as the economy continues to struggle with the effects of the coronavirus pandemic. And last week was no exception: once again more than 1 million people…

Chicken Little is an Increasingly Rare Bird

EVs: Driving Change at Convenience Stores

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

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

The Externalities Effect of Child Firearm Fatalities in the States

Why is Everything Getting So Expensive?

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

The New Economics of Car Production

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

U.K. Economy Three Years after Brexit