Tag: nostalgia
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Why employees earn more at big-box chains than mom-and-pop shops (and other observations)
PBS News Hour has a piece Why employees earn more at big-box chains than mom-and-pop shops. Contrary to widespread belief, big-box stores and chains have increased wages in the retail sector as they have spread, according to “Do Large Modern Retailers Pay Premium Wages?” (NBER Working Paper No. 20313). Retail wages rise markedly with the…
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The Good Old Days Before the Industrial Revolution
A frequent meme I encounter when discussing economic issues is how destructive industrialization and capitalism have been to human flourishing. We once lived in an Edenic serenity, in tune with nature and each other. But humanity rebelled, embracing market ideologies and industrialization. Now we have wrecked human life and the planet. We must repent and…