Is tipping getting out of control? Many consumers say yes
NEW YORK (AP) — Across the country, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being asked to leave a gratuity for a muffin or a simple cup of coffee at their neighborhood bakery.
1. Gas Stations | The Economics of Everyday Things
In our first episode, host Zachary Crockett sidles up to the pump to ask: Who owns your local gas station, and where do their profits really come from?
Sports Econ is at the forefront of this session. How do pro football coaches make decisions to ensure they maximize expected points? Their coaching staff includes economists and data scientists who project the probability of success by identifying the problems the team face. pic.twitter.com/ofibVfgd1t— VA Council on Econ Ed (@_VCEE) January 27, 2023
On a scale of 0 to 10, where 10 represents more freedom, the average human freedom rating for the 165 jurisdictions fell from 7.03 in 2019 to 6.81 in 2020. Most areas of freedom fell, including significant declines in the rule of law and freedom of movement, expression, association and assembly, and freedom to trade.
Interactive: What activities make us happy? - Blog
The vast data set collected by the Bureau of Labor Statistics and the creativity from the Flowing Data team on how to display it never cease to amaze. In this time-lapse video, you will see how the activities we enjoy change from the ages of 20-70. Ever wonder if satisfaction with one's main job increases with time OR what activities seem to be enjoyed at any age? Watch the video and find out: Questions: What activities seemed to consistently rank high on the happiness scale?
Costa Rica and El Silencio: A Story of Economic Development for Students (Marks & Miskec)
Costa Rica’s decision to eliminate its military and channel funds into environmental protection and public services has aided in its success. GDP per capita has grown, extreme poverty has been almo…
The height of skyscrapers is limited by physical, economic and regulatory barriers, but we should want to overcome them and build taller. Here's how we can do it.
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Many Americans will rely on tax refunds to make ends meet, despite shrinking refunds
30% of Americans say they’re reliant on their tax refund to make ends meet in 2023, especially Gen Z and millennials Despite fewer pandemic tax credits, 29% of Americans expect a higher tax refund this year Nearly a quarter of American taxpayers plan to use their tax refund to pay for necessities (24%) It’s the […]
Debt Limit or Limitless Debt: How Congress Will Decide America's Financial Future
Each year's federal budget must be approved by Congress and signed by the President. Despite agreeing on a budget, the federal government will likely not raise enough tax revenue to match its spending projections.
U.S. economy losing momentum as retail sales post biggest drop in 12 months
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.