Tuesday's Assorted Links
Congestion pricing, minimum wage increases, US-China trade, grocery budgets, and Wicked
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Congestion pricing finally begins in New York City [NPR | MME Coverage]
Lawmakers across 21 states and 48 cities and counties marked the first day of the year by raising their minimum wage floors [National Employment Law Project]
A great chart tracking 30+ years of US-China trade [Axios]
A new study finds that consumers taking drugs like Ozempic and Wegovy cut grocery spending by 6% [Food Dive]
Wicked brought in a record-breaking $5 million during the week of Christmas, marking the highest weekly gross in history for any Broadway show [The Hollywood Reporter]
Remember when cars came in every color under the sun? Lime green Beetles, tangerine Thunderbirds—the roads were like a rainbow on wheels. These days, 80% of cars are shades of white, black, gray, or silver. So, what happened? It’s a story about economics.
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I wonder how long we'll have to wait before the inevitable outcry as people in those 21 states and 48 cities realize the real minimum wage is zero