Economy
Discover facts about economy. Small discoveries that change the way you see familiar things.
Economy
Pundits constantly complain that nobody wants to work anymore, but economists know the true reason for staff shortages.
Pundits constantly complain that nobody wants to work anymore, but economists know the true reason for staff shortages.
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You probably feel scammed paying $12 for a bucket of popcorn, but without that overpriced snack, what would happen?
You probably feel scammed paying $12 for a bucket of popcorn, but without that overpriced snack, what would happen?
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Why are you suddenly paying $800 to see your favorite artist perform from the nosebleed section of a giant stadium?
Why are you suddenly paying $800 to see your favorite artist perform from the nosebleed section of a giant stadium?
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It ruins vacations constantly, but what ruthless mathematical reality drives airlines to overbook almost every flight?
It ruins vacations constantly, but what ruthless mathematical reality drives airlines to overbook almost every flight?
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Why do casinos force you to convert your hard-earned cash into plastic chips before you can sit down at a table?
Why do casinos force you to convert your hard-earned cash into plastic chips before you can sit down at a table?
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Why will we happily pay $25 for an item, but totally reject the exact same purchase if it is $20 plus $5 shipping?
Why will we happily pay $25 for an item, but totally reject the exact same purchase if it is $20 plus $5 shipping?
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Why does the coffee shop always offer a weirdly priced medium size that nobody actually wants to buy?
Why does the coffee shop always offer a weirdly priced medium size that nobody actually wants to buy?
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Why do e-commerce websites ruthlessly bombard you with urgent "Only 2 items left in stock!" warnings at checkout?
Why do e-commerce websites ruthlessly bombard you with urgent "Only 2 items left in stock!" warnings at checkout?
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When you look at the total global economy, what terrifyingly small percentage actually exists as physical cash?
When you look at the total global economy, what terrifyingly small percentage actually exists as physical cash?
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Why are you legally blocked from buying a new car directly from the manufacturer in most US states?
Why are you legally blocked from buying a new car directly from the manufacturer in most US states?
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What massive, foundational part of human society is completely ignored when calculating a country’s GDP?
What massive, foundational part of human society is completely ignored when calculating a country’s GDP?
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In the 1920s, a secretive global cartel explicitly banned companies from making what everyday product too durable?
In the 1920s, a secretive global cartel explicitly banned companies from making what everyday product too durable?
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When a hotel stops cleaning your room daily but charges the same rate, what economic trick are they pulling?
When a hotel stops cleaning your room daily but charges the same rate, what economic trick are they pulling?
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Why does Apple stubbornly refuse to create a truly cheap, budget-friendly iPhone for the masses?
Why does Apple stubbornly refuse to create a truly cheap, budget-friendly iPhone for the masses?
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Why do tech companies always offer an aggressively overpriced Premium tier you clearly won't buy?
Why do tech companies always offer an aggressively overpriced Premium tier you clearly won't buy?
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Why do grocery stores violently prefer “Buy One Get One Free” sales over simply marking both items 50% off?
Why do grocery stores violently prefer “Buy One Get One Free” sales over simply marking both items 50% off?
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Why do fast-food drive-thrus aggressively fill your oversized plastic cup to the absolute brim with ice cubes?
Why do fast-food drive-thrus aggressively fill your oversized plastic cup to the absolute brim with ice cubes?
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Why is it often cheaper to buy a brand new printer than to buy a complete set of replacement ink?
Why is it often cheaper to buy a brand new printer than to buy a complete set of replacement ink?
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Why is basic business software incredibly expensive compared to highly complex consumer apps that are totally free?
Why is basic business software incredibly expensive compared to highly complex consumer apps that are totally free?
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Why do we instinctively say 'Um' or 'Uh' when we suddenly lose our train of thought during a conversation?
Why do we instinctively say 'Um' or 'Uh' when we suddenly lose our train of thought during a conversation?
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Why do ticketing monopolies add massive, infuriating 'convenience fees' at the very end of your checkout process?
Why do ticketing monopolies add massive, infuriating 'convenience fees' at the very end of your checkout process?
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Why do trendy beauty and snack subscription boxes rarely give you full-sized, premium flagship products?
Why do trendy beauty and snack subscription boxes rarely give you full-sized, premium flagship products?
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What is the most financially brilliant, yet utterly terrifying, truth about the global bottled water industry?
What is the most financially brilliant, yet utterly terrifying, truth about the global bottled water industry?
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How do Wall Street mega-firms quietly guarantee they always beat regular amateur internet investors to stock trades?
How do Wall Street mega-firms quietly guarantee they always beat regular amateur internet investors to stock trades?
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