Economics

A picture is worth a thousand words...but how about if someone listens to you sing a million times? Answer: Around $4,370 Questions: Have you ever thought about how the artists on platforms like Spotify are paid? Do you think around $4,000 per 1 million streams is high or low? What other things have you seen artists do that would supplement their streaming income?

Disney World is one of the most popular vacation destinations in the world. Disney knows this and has figured out many ways to set prices to maximize profits...

This game is designed to teach one of the most important fundamental concepts in economics: The idea that incentives matter and people will change their behavior in a predictable way when their incentives change.

Why aren't housing prices crashing?

Why it's so difficult to outperform the market.

Consumer goods companies like P&G , Unilever and Nestle should start easing price increases as supply chain costs decline, investors told Reuters, worried that further hikes could hit market share and margin growth.

Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest.

Girl Scout cookies like Thin Mints, Samoas and Tagalongs are sold only a few months each year, yet they generate $800 million in revenue annually for Girl Scouts of the USA. In fact, the organization is the largest girl-led entrepreneurial program in the world, helping young girls practice unique skills like goal setting and money management. WSJ takes a look at how cookies have served as the key ingredients for Girl Scouts' longstanding success. 0:00 Girl Scout cookies have been around for over 100 years 0:41 How Girl Scout cookies’ nimble business model led to a boost in online sales 1:35 How Girl Scout cookies’ limited supply and changing flavors works in their favor 2:42 How the Girl Scout cookie program works and why it is effective The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #GirlScouts #GirlScoutCookies #WSJ

The massive post-pandemic price burst has harmed Americans’ ability to take the prudent financial steps that could set them up for success in the long run.

Many young people choose to pursue short-term credentials over traditional college because they see them as a quicker and a more affordable path to a good job

The sugar-sweetened beverage, or SSB, tax, implemented in Oakland in 2017, significantly reduced the number of purchases of soda and sugary drinks, according to a study published Tuesday in PLOS Medicine.

The 50 Worst Decisions in Music History. Adam Levine, Justin Timberlake, KISS, Elton John, Rolling Stones

Opening statements are set for Tuesday morning in a trial that mashes up Ed Sheeran’s “Thinking Out Loud” with Marvin Gaye’s “Let’s Get It On.” The heirs of Gaye's co-writer of the 1973 soul classic, Ed Townsend, are suing Sheeran in a trial that started in Manhattan federal court Monday. After a jury was picked, jurors were told to await openings on Tuesday. Townsend's heirs say Sheeran's 2014 hit is so similar to “Let's Get It On” that it violates copyright. Sheeran is among witnesses expected to testify. His lawyers say the similarities are simply the basic chord progressions and song structures behind much of pop music.

Global defense spending hit record $2.2 trillion last year.

The flawed assumptions of the House GOP’s revived plan for work requirements.

It looks as if it simply took time for potential workers to match up with jobs and return to the labor force after the pandemic, White House economists argue.

Professional sports drafts are designed to promote parity and competitiveness among teams, with the worst-performing teams getting the top picks in the next season. However, this well-intentioned system has been plagued with misaligned incentives that have led to tanking and other forms of unsportsmanlike behavior. Recent events in the NBA and NFL drafts highlight these problems and their economic implications.

The decision to have or not have children isn’t made in isolation.

Composers and recording artists are all different too, but the music is identical—what's going on?

The U.S. dollar is the dominant currency in the global financial system, but some countries are following the trend of de-dollarization.

Is a worker being underpaid and exploited if someone working a comparable job gets paid more than them? Many would say yes. But there’s a fundamental problem with comparing the value of different jobs.

Worksheet – Supply and demand, Shortage, Labor market Related news articles: The labor shortage in Helsinki will deepen in the coming years (Helsinki Times, April 14, 2023), and New research delivers grim warning about ongoing nursing shortage (ABC 11, April 14, 2023) Summary: This worksheet coul...

Funds have been moving out of banks, particularly small and medium-sized banks. Much has been going into Money Market accounts, while some has moved to larger banks, and some directly into Treasuries. The outflow from banks has been triggered by widespread fears following the SVB and Signature Bank runs and closures. The Financial Times placed the inflows to Money Market funds at $340 billion (graph below.) "Bank deposits have fallen $363 billion to $17.3 trillion since the beginning of March, Fed data show.

Typical time use varies by who you talk to. This interactive shows you the differences when you vary age and sex.

“I’m sorry, Dave”… I might take your job. Walmart said it expects 65% of its stores to be serviced by automated distribution centers by the end...

As Easter approached, The New York Times for Kids took a trip to a world of marshmallow magic.

Republican senators are standing up to a major threat to the nation.

A Boston city councilor has proposed barring city liquor stores from selling the single-serve bottles that hold 100 milliliters or less of booze - both as a way to address alcohol abuse and excessive litter. Councilor Ricardo Arroyo says several other Massachusetts communities have banned the sale of the tiny bottles and the impact on public health and the environment has been tangible. But the proposed ban on minis is receiving pushback from the liquor industry. The Massachusetts Package Store Association says a ban would hurt locally owned businesses financially without addressing the underlying problems of litter and alcohol abuse.