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Many workers are "quiet quitting" today, meaning they perform the bare minimum at work but refuse to leave the job.

The Economics of Quiet Quitting: Labor Supply Meets Workplace Incentives

In recent years, the phenomenon of "quiet quitting" has risen among younger Millenial and Gen Z workers. They don't leave dissatisfying jobs, but instead resort to doing the bare minimum. What has happened, and why?...
4 min read
Private cost
Definitions

Private cost

Published on January 29, 2020

Private benefit
Definitions

Private benefit

Published on January 29, 2020

Price floor
Definitions

Price floor

Published on January 29, 2020

Price ceiling
Definitions

Price ceiling

Published on January 29, 2020

Price
Definitions

Price

Published on January 29, 2020

Production possibility frontiers (PPFs)
Definitions

Production possibility frontiers (PPFs)

Published on January 29, 2020

Positive statement
Definitions

Positive statement

Published on January 29, 2020

Policy objective
Definitions

Policy objective

Published on January 29, 2020

Policy instruments
Definitions

Policy instruments

Published on January 29, 2020

Policy conflict
Definitions

Policy conflict

Published on January 29, 2020

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Are influencers and short-form social media feeds destroying our attention spans from our constant desire for entertainment?

The Attention Economy and Cognitive Scarcity

We can't pay attention to everything, so sellers will pay good money to win our attention to their advertisements. This has led to the rise of social media influencers, who are paid to draw our attention. Has this led to economic harms from our eroding attention spans?...
4 min read

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This influencer may be popular today, but this popularity will fade quickly due to the economic law of diminishing marginal returns.
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