Taxing imports makes imported goods more expensive for consumers. So why aren’t all seemingly similar items taxed the same? This audio story focuses on imported suits for Santa Claus impersonators. These red suits with white firm trim are worn by thousands of Santa Clauses around the Christmas holidays. Some of these outfits are taxed, others […]
Author Archives: npr_h1dlv5
Technology, Subsidies, and Cotton
Chances are, you’re wearing something made from cotton. You can check the label on most garments to find out where they were made. But where was the cotton grown that was the starting point? This story tracks down the source of the cotton that went into a T-shirt. A spinning mill in Indonesia is where […]
Worker Shortage Not Always Solved by Incentives
Farming in California has become more difficult in recent years as there aren’t enough people to do the arduous work involved in farming. Incentives of higher pay don’t always work to attract enough workers. So the owner of one California farm has adjusted to this labor shortage in a few different ways and reached a […]
Incentives to Work Hard
In 1930, the economist John Maynard Keynes wrote an essay in which he predicted that by the time his children were grown up, people would be working just 15 hours a week. Today, in some countries, people do work a bit less than they did fifty years ago, but Keynes’s prediction was essentially wrong. There […]
Organ Transplant Allocation
Many people need organ transplants, but there are not enough organs for all of them. Doctors have had to develop criteria for deciding who gets the organs that are available, knowing that those who don’t get the organs they need may die. Listen to hear how the allocation of available organs puts doctors in the […]
What would you give up on the Internet?
Many Internet services are free: email, Internet search, and maps, for example. But what if you had to pay to use them? An economist sets out to discover how much people value various Internet services by asking how much they would need to be paid to give them up. It’s an example of a core […]
Decision Making and the Stock Market
Millions of people invest billions of dollars in the stock market to make their money grow. Some pool their money with other investors in high risk investment vehicles known as hedge funds. Hedge fund managers employ a variety of strategies with the goal of doing better than the stock market as a whole. The third […]
Improving the Absenteeism Rate at Work
Scarcity is a basic economic problem: people have unlimited wants and needs, but the world has limited resources. Resources in that equation include materials, capital, and labor. A pasta factory in southern Italy faced a very particular sort of labor shortage. The Barilla pasta factory in Foggia, Italy had enough employees to keep up with […]
The Cheapest Place to Make a T-Shirt
Making a T-shirt takes a lot of time, but it can be made cheaply. The origins of your T-shirts probably come from Mississippi, where cotton is grown, and the shirts were probably spun in Indonesia. In this story, reporters track the assembly of a T-shirt to Bangladesh and try to understand why that Asian country […]
The Price of a Hermes Bag
The luxury goods company Hermes makes and sells a high-end purse it calls the Birkin Bag. The Birkin costs $10,000—often more—and it is nearly impossible to find one to buy. Because very few bags are available, the Birkin has become a status symbol, something only very few people can buy. Its scarcity raises its value, […]