Tuesday's Assorted Links
Thanksgiving dinner, Price increases, immigrant labor, homebuyers, and electricity discounts
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
A Thanksgiving dinner for 10 will cost about $58.08, down 5% from last year [American Farm Bureau]
Several businesses, particularly those that depend significantly on foreign suppliers, are preparing for possible price increases [Yahoo! Finance]
The industries that could be hardest hit by an immigration crackdown [Axios]
According to the National Association of Realtors, the median age of homebuyers is now 56, a seven-year jump from last year [Money]
The UK’s power grid operator will start paying people to cut their electricity use [Bloomberg]
Tesla’s CEO is pushing to eliminate the federal EV tax credit—a move that seems counterintuitive for the leading EV car company. But dig deeper, and it aligns with a classic anti-competitive strategy: raising rivals’ costs. With Tesla’s market dominance, removing the credit hits competitors harder while leaving Tesla relatively unscathed.
Why Tesla Wants to Kill the EV Tax Credit
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