Questions tagged [economics]

Economics is the analytical study of the costs and benefits of producing, distributing, and consuming goods and services. This tag should not be used for personal finance questions, nor for most questions about expensive items, e.g. exorbitantly priced houses, autos, jewelry. It can be used for current events, and in historical contexts.

Filter by
Sorted by
Tagged with
10
votes
1answer
1k views

Do women drive 80% of consumption?

The Men's Rights organization, Men Going Their Own Way (MGTOW) have claimed (quoting The Observer Watches Blog) that: Consumption in the modern world today is driven overwhelmingly by women (80-91%,...
10
votes
2answers
888 views

How is structural unemployment measured?

In light of today's Presidential Speech on jobs, I was reminded of something that I read in Bloomberg Businessweek. With the jobless rate still above 9 percent, the untapped labor pool is deep. Yet ...
10
votes
1answer
1k views

Does skip-lagging/hidden city travel make flights more expensive?

From a recent MarketWatch article, This airline sued a passenger for skipping his flight — why we should all take note, George Hobica claims that “Hidden city cheaters make airfares more expensive ...
10
votes
1answer
3k views

Does the increase of automation lead to unemployment? [closed]

According to this Huffington Post opinion piece, it's possible that in the future the ongoing process of automation will lead to less job opportunities. It quotes economist Paul Krugman arguing one ...
10
votes
1answer
524 views

Are reservations/Affirmative action programs successful at alleviating financial conditions/social standing?

Various countries have forms of reservations (Reservations In India, many employment and educational opportunities are "reserved" for persons of "disadvantaged" birth (i.e. low caste, backward classes ...
10
votes
0answers
242 views

Did the IMF admit that capital controls have been successful in Malaysia?

A DW article says Malaysia stood out as a country that refused IMF assistance and advice. Instead of further opening its economy, Malaysia imposed capital controls, in an effort to eliminate ...
10
votes
0answers
1k views

Are Jim Rogers, George Soros, Warren Buffet converting their stocks into cash holdings?

According to the article “Buffett's $55 Billion Gamble is a Bet on U.S. Collapse, Warns CIA Economist”, a number of billionaires have taken a cash position on their holdings at the expense of stocks. ...
10
votes
0answers
683 views

Is having a “sign waver” an effective marketing strategy?

It started a few years ago. The first one I remember seeing was Little Caesars $5 Hot-And-Ready pizzas. I don't know if this was the source, but it was the first symptom... (source: Sign wavers, ...
10
votes
0answers
310 views

Glut of dolphin meat in Japan going into pet food?

Is there any truth behind the claim that Japan doesn't need all the dolphin meat it gets and the excess is being passed off to the pet food industry because there is little demand for the meat or they ...
9
votes
1answer
801 views

Do cars drop 7% in value every month?

In their email communication car-buying organization wijkopenautos.nl (wkda.de) claims cars drop 7% in value each month. Their exact claim is: Let op: een auto verliest iedere maand ongeveer 7% aan ...
9
votes
1answer
999 views

Has a famine ever taken place in a functioning democracy?

Nobel winning economist, Amartya Sen has said: "No famine has ever taken place in the history of the world in a functioning democracy," he wrote in "Democracy as Freedom" (Anchor, 1999) Source:...
9
votes
1answer
640 views

Did 79% of Greeks not have health insurance in 2013?

The following claim on recession in Greece is pretty shocking on its face, but also a little muddy: Citing OECD data of 2013, the BoG [Bank of Greece] underlines that 79% of the population in ...
9
votes
1answer
1k views

Were 51,000 Pennsylvania jobs lost under the Obama administration?

The GOP tweeted this: ...During Obama/Biden Admin, the Keystone State LOST 51,000 jobs. Under the leadership of [Trump], the Keystone State has ADDED 5,000 manufacturing jobs & its ...
9
votes
1answer
663 views

Has the consumption of electricity, steel, copper, gold, water, paper, etc… decreased or flatlined in the U.S. since around 2009?

The following claims are made in this Wired magazine article titled, “How the iPhone Helped Save the Planet” from June 29, 2019; bold emphasis is mine: “Total electricity use in the US, for example,...
9
votes
1answer
722 views

Has freedom of movement of people lead to a reduction in wages and worsening of working conditions in the UK?

Has freedom of movement of people lead to a reduction of wages, and a worsening of working conditions, in the UK? From 'If you've got money, you vote in ... if you haven't got money, you vote out' ...
9
votes
1answer
673 views

Is Congressional net worth up nearly 3700% since 2004?

A link on the Drudge Report today claimed this: Report Many have had the sneaking suspicion that our elected “leaders” in Congress are not going to Washington D.C. to represent us but for ...
9
votes
2answers
670 views

Is Singapore the most expensive city in the world?

According to this article, Singapore is now the most expensive city in the world Can that be true? I haven't been to Singapore for about 10 years but last time I was there, whilst it wasn't third ...
9
votes
1answer
803 views

Do 90% of startups fail?

I have seen this claim made in several popular websites that 90% of startups fail. Two examples: When the founder of a startup company shuts down her or his business, it’s customary to pen an ...
9
votes
1answer
498 views

Is inflation in the US higher than government statistics suggest? [duplicate]

Possible Duplicate: Does the US government voluntarily underreport inflation? The Consumer Price Index claims to reflect "changes in the prices paid by urban consumers for a representative basket ...
9
votes
2answers
1k views

Do teachers make more per hour on a career basis than doctors?

This site, shared on facebook many times, as well as linked in many places, claims that, because of the immense amount of debt and training doctors must undergo, an American physician, when you divide ...
9
votes
1answer
574 views

Did anti-discrimination efforts lead to the sub-prime mortgage bubble?

In this article on Bloomberg, it seems clear that the goverment is forcing banks to issue risky loans. Is the government really being this stupid, or is there more to it that this article does not ...
9
votes
1answer
686 views

Is the 2-3-fold rise in HDD price an effect of false shortage?

Beyond any doubt Thailand floods have affected HDD market. However, some analysts say that the effect on the market should be a 10-30% price increase. Meanwhile in the consumer market the increase is ...
9
votes
2answers
361 views

Hedge fund performance due to chance?

Is there any evidence that hedge funds (any in particular, or the industry as a whole) actually offer any expertise? Clearly, they claim that they do (that is what management fees are for after all), ...
9
votes
2answers
2k views

Does food aid cause famines?

This article claims: While all efforts should be made to get emergency food aid to Africa during this famine, the tradition of US food aid in Africa is actually part of the problem. Giving food ...
9
votes
1answer
511 views

Can Technical Analysis (TA) predict future market prices?

According to Wikipedia, Technical Analysis (TA) is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. As I ...
9
votes
0answers
1k views

Do candles create more carbon dioxide than light bulbs?

During the annual ritual of Earth Hour: ...around one billion people are expected to switch off their lights for one hour as a political statement against climate change and fossil fuels, and in ...
9
votes
0answers
415 views

Is racial income inequality currently in US worse than it was in Apartheid South Africa

As reported here, (and here) white/black wealth inequality is worse now in the US than it was under Apartheid South Africa. The figures brought up during the segment are backed up, too. America's ...
9
votes
0answers
1k views

Does immigration have a positive economical impact on Sweden?

DN.se made an article(2013-06-13) about immigrants contributing economically more than the cost. Immigration is a very hot topic in Sweden, and Sweden have a very high number of refugees. In 2009, ...
9
votes
1answer
686 views

Did Roosevelt's New Deal Program Prolong the Great Depression?

Many libertarian economists argue in favor of laissez-faire economic policies. As a supporting argument, they often claim that Roosevelt's New Deal program actually prolonged the Great Depression. I'm ...
8
votes
2answers
2k views

Would the United States lose its title as the richest country if we exclude top 5% wealth holders?

I read this claim in Quora: The "richest" country in the world (the u.s.) would assuredly lose that place if you excluded just the top 5% of wealth holders Is this claim true? Is there any ...
8
votes
2answers
851 views

Is the median income for African Americans at an all time high?

President Trump, in a press conference on 9 October 2018, said the following to reporters. You know, [Kayne West] loves what we're doing for African-American jobs, for so many different things. ...
8
votes
1answer
2k views

Does the US have $54 trillion?

There's a viral video going around about the wealth inequality in the US. It claims the US has $54 trillion. It cites economists from Harvard Business school, but I didn't see where that particular ...
8
votes
1answer
785 views

Were there 600 millionaires in Gaza in 2014?

In 2014, The Algemeiner reported: Pan-Arab London based paper, Asharq al Awsat, which is considered a reliable media outlet, recently ran a story saying there are 600 millionaires in Gaza. The ...
8
votes
1answer
360 views

Is there a better-supported explanation than economic hegemony, why “70% of firms targeted for anti-bribery by the DOJ are overseas”?

This BBC article quotes GE's former lawyer as saying that: Pierre Laporte, a former GE lawyer who now works as Pierucci's partner, notes that 70% of firms targeted for US anti-bribery action are ...
8
votes
2answers
669 views

Does corporate lobbying provide benefits to those funding it?

This 2018 Bloomberg article claims that "Lobbying Doesn't Help Companies or Their Shareholders". The numbers instead indicate that lobbying hurts the underlying capital values of the corporations. ...
8
votes
1answer
3k views

Did Britain borrow $120 billion in 1945?

This copy-paste has being doing the rounds of local newspaper letters pages and dodgy hard-core pro-Brexit Facebook pages, etc: JEAN Claude Juncker should be forced to walk past every white ...
8
votes
1answer
371 views

Did tax revenue improve after tax rates were cut after Kennedy's death?

This CNN op-ed about Trump's recent attempts to cut taxes makes some historical claims: President Kennedy declared at the New York Economic Club that "it is a paradoxical truth that tax rates are ...
8
votes
1answer
673 views

Does it take the average US worker in 2015 just 17 weeks of work a year to earn the average living standard of 1915?

In his TED talk "Why are there still so many jobs?", David Autor stated: The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year,...
8
votes
1answer
636 views

Has the average standard of living in the United States decreased in recent years?

I have seen many articles claiming that the standard of living in the United States has decreased over the last 15-30 years. (I understand standard of living to be the ability of workers to buy the ...
8
votes
1answer
1k views

Did goldsmiths invent fractional reserve banking?

Wikipedia defines fractional reserve banking as: the practice whereby a bank holds reserves in an amount equal to only a portion of the amount of its customers' deposits to satisfy potential ...
8
votes
2answers
772 views

Do US Pharma firms have an incentive to develop useless cancer drugs?

An economic analysis of cancer drug approvals in the USA was recently published. Drug regulators’ acceptance of any statistically significant improvement shown in a single randomized trial and ...
8
votes
0answers
164 views

Are prices ending with 99 cents more likely to result in purchase decisions? [duplicate]

Possible Duplicate: The origin of “99 cents” "Psychological pricing" refers to the theory that certain prices are more likely to lead to a sale than others. In the United States, that ...
8
votes
0answers
425 views

Is there a plateau in happiness vs. GDP per capita? [duplicate]

I remember reading about a study that had measured GDP per capita (or a similar parameter) and average (self-reported?) happiness in a lot of countries. It was hypothesized that there's a limit where ...
7
votes
3answers
3k views

Did the US national debt fall by $100 billion in the first two months of Trump's office?

According to Joe Hoft at thegatewaypundit.com: In First 2 Months in Office – Trump Reduces Debt by $100 Billion – Obama Increased Debt by $400 Billion – Half a Trillion Dollar Difference! Is this ...
7
votes
3answers
2k views

Does the US government voluntarily underreport inflation?

According to Shadow Government Statistics, inflation in the USA is around 11%, not 3% as the official statistics claim, as shown in this chart: (source) In fact, they suggest that the US government ...
7
votes
1answer
810 views

Do Americans spend 49 billion dollars a year on pets?

I heard that people in Germany spend billions on pets and didn't believe it. But actually Germans spend around 3.3 billion Euro a year. The source seems serious. The only hint I found for US is this ...
7
votes
2answers
848 views

Are contactless payment cards/phones insecure?

I've heard claims that contactless cards and NFC is no less secure than chip and PIN as indicated below. According to Barclays: All our new Contactless debit cards include the latest advanced ...
7
votes
1answer
1k views

Is there a wage gap between smokers and non-smokers?

I recently saw a PSA from the organization "truth" that claimed there was a wage gap between smokers and non-smokers (the idea being that you should stop smoking if you want more money). http://...
7
votes
2answers
998 views

Do high immigration levels lower quality of life standards?

In a UK panel show, Question Time, a politician says: However, if you have a country in which the population goes up as a direct result of immigration, what you find is not a shortage of green ...
7
votes
1answer
520 views

Do US food stamp recipients outnumber women who work full-time?

This story has been circulating through the conservative media channels: In the average month of 2012, according to the Department of Agriculture, there were 46,609,000 people participating in the ...