Economic Way of Thinking

The productivity plunge is perplexing, because productivity took off to levels not seen in decades when the pandemic forced the switch to remote work. But that growth spurt was short-lived, even as companies shifted to hybrid models, in part because employees argued that the flexibility helped them work more efficiently.

Virgin Australia wants to turn the dreaded middle seat into the "most fun and wonderful."

Subsidies are often a policy go-to for governments wanting to encourage more climate-friendly behaviours. But they should be used with caution.

The COVID-19 pandemic has dramatically changed the way Americans spend their time. One of the most enduring shifts has occurred in the workplace, with millions of employees making the switch to work from home. Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements (Barrero, Bloom, and Davis). These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day. In this post, we investigate how people spend this saved time on other activities. Using detailed data from the American Time Use Survey (ATUS), we find that employed individuals allocate their saved commute time toward leisure activities and sleeping, while reducing overall work hours.

Polaroid was founded over 75 years ago in 1937, since then, the brand has been running at an intersection of technology, innovation, art, and photography.

Workers around the U.S. attend an average of nearly 18 meetings a week. They say nearly a third are skippable.

A Queensland resident who stumbled upon the scene said there were ‘tonnes and tonnes and tonnes of avocados going to waste’.

The COVID-19 pandemic has dramatically changed the way Americans spend their time. One of the most enduring shifts has occurred in the workplace, with millions of employees making the switch to work from home. Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements (Barrero, Bloom, and Davis). These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day. In this post, we investigate how people spend this saved time on other activities. Using detailed data from the American Time Use Survey (ATUS), we find that employed individuals allocate their saved commute time toward leisure activities and sleeping, while reducing overall work hours.

Married or single, we've all heard it. "You could buy a house for the price of that wedding!" But have you ever stopped to think, what if you actually did?SU...

The huge gap between rising incomes at the top and stagnating pay for the rest of us shows that workers are no longer benefiting from their rising productivity. Before 1979, worker pay and productivity grew in tandem. But since 1979, productivity has grown eight times faster than typical worker pay (hourly compensation of production/nonsupervisory workers).

Printer Ink

Wharton’s Katy Milkman shares the lessons learned from last year’s Philly Vax Sweepstakes, a Penn-funded project designed to evaluate ways of increasing COVID-19 vaccines in the city.…Read More

Adam Smith is known as the ‘Father of Economics’ but concepts Adam Smith elaborated on the Wealth of Nations may have come before him...

Our population will soon reach a new milestone—8 billion. These visualizations show where all those people are distributed around the world

Hint: water scarcity in the Western US has more to do with our diets than our lawns.Subscribe and turn on notifications 🔔 so you don't miss any videos: htt...

Has the US au pair program become a funnel for cheap labor?

Brooklyn Nets guard Kyrie Irving says choosing not to get a Covid-19 vaccination cost him a $100m contract.

In the first quarter of 2022, U.S. worker productivity fell in the steepest drop in 74 years. WSJ’s Jon Hilsenrath explains why productivity is central to th...

Disney+, is a popular streaming service, but is it worth the cost? Our review discusses plans, content, and more to see how it ranks.

How do the big tech giants make their money? This series of graphics shows a breakdown of big tech revenue, using Q2 2022 income statements.

“What a great example of opportunity costs on display! Time is our most valuable resource and we take it for granted all too often.”

To paraphrase Kim Kardashian, it seems like nobody wants to conserve water these days. The celebrities are on a long list of rich and famous LA residents who received notices for excessive water use.

Twitter could face billions of dollars in fines if the allegations are true.

“If you shop at Walmart, you know how to spend a little less to make life a little better.”

The Continent's drought could be its worst in 500 years.

It’s a long-term play to boost manufacturing in the US.

Running a Fortune 500 company is a costly endeavor. In this chart, we compare the operating costs of America's biggest names.

It’s Amazon’s latest push into the smart home space.