Learning
Economic Research from the St. Louis Fed Reserve Bank: What Are Teachers Really Paid? Adjusting Wages for Regional Differences in Cost of Living
Strikes by teachers in West Virginia, Oklahoma, Kentucky, Arizona, and Colorado have highlighted differences in teachers' wages across the country. Teachers in these states have lower-than-average annual wages but also lower-than-average cost of living (COL)... Real wages are lower in high-amenity places because the amenities are part of the workers' compensation. This helps to explain why places such as Hawaii, Florida, Arizona, North Carolina, and Colorado, which are all high-sunshine states, tend to have lower real wages for most occupations, including teachers. more »
Shaping America at the American Precision Museum: How the Machinists and Tool Builders Influence American History
"Our exhibit, Shaping America, explores how the machinists and tool builders of this region's 'Precision Valley' influenced the course of American history, helping drive rapid industrialization, the emergence of the United States as a world power, and the development of our consumer culture. The Tool Revolution tells the story of innovators in Windsor, Vermont, in the 1840s at the forefront of the push to create interchangeable parts and the American System of Manufacturing. more »
How America Got Hooked on a Deadly Drug and How Rival Opioid Makers Sought To Cash In On Alarm Over OxyContin’s Dangers
Purdue’s 1996-2002 marketing plans for OxyContin, which Kaiser Health News made public this year for the first time, offer an unprecedented look at how that company spent millions of dollars to push opioids for growing legions of pain sufferers. Some of those drugmakers’ sales promotions downplayed or ignored the risks of taking opioids, or made false claims about their safety, federal regulators have asserted in warning letters to the companies. A wave of lawsuits demanding reimbursement and accountability for the opioid crisis now ravaging communities has heightened awareness about how and when drug makers realized the potential dangers of their products. more »
What Research Says About How Bad Information Spreads Online
"A 2017 study in the Journal of Economic Perspectives examined the consumption of false news in the US during the months leading up to the 2016 presidential election. In a survey of 1,208 U.S. adults, 15 percent said they remembered seeing false news stories, and 8 percent acknowledged seeing one of these stories and believing it. The study’s authors — Hunt Allcott, an associate economics professor at New York University, and Matthew Gentzkow, an economics professor at Stanford University — estimated that US adults, on average, 'read and remembered on the order of one or perhaps several fake news articles during the election period.'" more »