You’re Paid What You’re Worth
And Other Myths of the Modern Economy
Your pay depends on your productivity and occupation. If you earn roughly the same as others in your job, with the precise level determined by your performance, then you’re paid market value. And who can question something as objective and impersonal as the market? That, at least, is how many of us tend to think. […]
New podcast explores democracy
Now more than ever, it’s important to understand issues from different perspectives. The American Democracy Lab podcast aims to do just that.
Price is ripe: Study finds increase in menu prices means decrease in restaurant ratings
Businesses beware: A price increase for carryout or delivery food means an increase in negative reviews — and a downturn in restaurant reputation, if not demand. And it’s notable that in these COVID-19 pandemic times, an exponential amount of business is being conducted via carryout or delivery. A pair of business researchers, from Washington University […]
This is not the time to raise federal minimum wage
Radhakrishnan Gopalan, professor of finance at the Olin Business School at Washington University in St. Louis, says President Joe Biden’s plan to raise the federal minimum wage to $15 per hour is too aggressive. His research shows raising the minimum wage now could slow job growth.
The first 100 Biden/Harris days
Faculty experts from across Washington University in St. Louis draw upon their research, their instruction, their experience and their thought leadership to proffer insight and ideas for the new administration, the new beginning.
Biden energy plan is aggressive, but much can be done
Geophysicist Michael Wysession, professor of earth and planetary sciences in Arts & Sciences at Washington University in St. Louis, teaches a popular undergraduate course called “Energy and the Environment.” He breaks down President-elect Joe Biden’s 9-point Energy Plan, point-by-point.
Modeling can help balance economy, health during pandemic
An interdisciplinary team led by faculty at the McKelvey School of Engineering has developed a model to help navigate the delicate line between maintaining the economy and limiting the spread and mortality rate of COVID-19.
Aid package will only postpone inevitable housing crisis
As part of the new $900 billion federal stimulus package, the moratorium on evictions for renters will be extended by one month, through the end of January. The help could not come soon enough, says an expert on social and economic development at the Brown School. However, without more intentional, long-term solutions and investments, this aid will only postpone an inevitable housing crisis.
We need economic rescue, and we need it now
After months of failed negotiations that have left many Americans, businesses and the economy in the lurch, lawmakers are scrambling to reach a deal on an economic stimulus plan that could top $900 billion. If Congress passes the deal, will it do enough to help struggling Americans and businesses stay afloat? To answer that question, three business and economics experts at Washington University in St. Louis shared their thoughts on the proposed plan, what lawmakers got right, what is missing and what ticking time bombs remain.
Masks don’t just save lives, they also boost economy
The economy and coronavirus pandemic were two of the top issues for voters in the 2020 election, according to exit poll surveys. Notably, 52% of voters said controlling the pandemic was more important, even if it hurts the economy. But what if we didn’t have to choose?
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