160,000 actors are joining writers on the picket lines against AMPTP (film and TV companies), effectively shutting down the industry. Leaders of union SAG-AFTRA describe negotiations as combative although the AMPTP offered pay and residual increases, higher caps on pension and health contributions, audition protections, shortened series options, and AI protections.—hollywoodreporter.com
Category: MIT8
Incomes and Inequality
Keywords: Factor markets, Value of marginal product, Lorenz curve, Gini ratio, income redistribution
Parkin 14e Chapters 18, 19, 20
Bade-Parkin 9e Chapters 19, 20
Parkin-Bade Canada 11e Chapters 18, 19
Parkin-Bade Australia 2e Chapters 19, 20
Parkin-Powell-Matthews 11e Chapters 17, 18, 19
Wimbledon Prize Money
Nick Kyrgios and Novak Djokovic went head-to-head in the men's final of Wimbledon with a cool £2 million going to Novak, the winner, and £1.05 million to Nick, the runner up. Players knocked out in the first round earned £50,000.— Daily Express
America’s Inequality Problem Just Improved for the First Time in a Generation
The bottom 50% of households now hold the largest share of wealth they’ve had for 20 years. In the last 12 months, wages have risen most in the lowest quarter of the workforce, almost three points more than for the best-paid quartile.—bloomberg.com
N.J. Highway Tolls Are Starting to Go Permanently Cashless
More and more drivers on toll roads use EZ-Pass. Now New Jersey wants to use cashless tolling on all its toll roads. Collectors signed a new contract in 2020, which some considered their last agreement.—govtech.com
NHL Salary Inequality
When the NHL announced it would return with playoff hockey, analysts took to TV and social media with their professional analyses. In this blog post, we ask a question you won’t see covered by the sports analysts: How unequal are the salaries among NHL players? At the end of the post, our team at Econ … Continue reading NHL Salary Inequality