From rides to burgers, consumers may balk when differential pricing comes to their favorite real-world business.—ft.com, March 11, 2024
Tag: Value of marginal product
Maersk Cuts 10,000 Jobs as Shipping Demand Falls
Maersk already cut 6,500 jobs earlier this year, but the firm says worsening prices for shipping by sea require further job cuts. The Entertainer Toy company, which engages Maersk to ship its freight has seen prices fall from $18,000 per container last year to $2,000 today.—bbc.com
Auto CEOs Make 300 Times What Workers Make. How That Stacks Up
The ratio of automakers’ CEO’s pay to the median autoworker’s pay equals 300. Industries that employ highly skilled and well-compensated workers have relatively low pay ratios. Industries with many low-wage workers have relatively high pay ratios.—wsj.com
Hollywood’s High-Stakes Strike: Actors and Writers
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