Category Economy

The Skimpflation Ratchet

Pile of discarded household appliances and broken consumer products representing skimpflation and declining product durability

How companies cut materials, service and durability when they can’t keep raising prices. In the autumn of 2022, frying pans across the country started spitting water. People who had used Smart Balance spread for years put a dollop into a…

Life as a Dopamine Casino

Person using a glowing smartphone in the dark, representing the rise of betting, trading and speculation apps

How Apps Turned Investing, Sports, Politics, and Uncertainty Into an Endless Stream of Bets A single NFL game today can generate hundreds of separate live wagering markets: next play, next first down, whether the next field goal clears the crossbar…

The Mirage of Flexibility

Gig economy delivery worker waiting with a bicycle on a wet city street at night

How the Gig Economy Turned Job Security Into a Luxury The median gig worker earns $2.17 less per hour than minimum wage law would require of an employer, a gap that comes out to roughly $3,400 a year. Fourteen percent…

The Affordable Car Is Disappearing

Large SUVs and cars displayed at a dealership, illustrating the shift away from affordable small cars.

Why buying a new car is becoming harder for ordinary people, even as technology keeps getting cheaper. 1. The simple question: where did the cheap new car go? In the early 2010s, an American with about $14,000 could walk into…