Tuesday's Assorted Links
Insulin prices, Pizza Hut, Kmart, generative AI, and signing bonuses
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
The Federal Trade Commission hit the three largest companies that negotiate drug prices with a lawsuit claiming they’ve artificially inflated the cost of insulin for patients [CNBC]
Pizza Hut will let some New Yorkers put their résumé on a pizza box to help them get a job [Pizza Hut]
Once a big-box chain with more than 2,300 stores, Kmart is slated to close its last full-size US store next month [New York Post]
Teenagers are using AI to learn math and science from celebrities [Sherwood News]
Nearly 4% of jobs posted this summer on Indeed.com advertised a signing bonus, more than double the 1.7% rate from 2019 [The Wall Street Journal]
Have you ever wondered how fast fashion companies like Shein and Temu can offer such low prices? It’s tied to an exemption in U.S. trade law that may soon close for these 2 companies. What does this mean for consumers facing rising costs?
The De Minimis Debate
Have you ever browsed fast fashion websites like Temu and Shein and wondered how they can offer such low prices? A dress for $3 and a pair of jeans for $9—it seems too good to be true. While some might attribute these deals to savvy …
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Celebrities teaching math is incredible. I am sure there is some legalities at play here, but I enjoyed watching some of those videos.