It's hard to side with the big supermarkets, but they have a point in resisting price controls. The price of milk at one major UK supermarket is exactly the same today as it was 3 years ago and down from its post-pandemic peak: https://t.co/aIfxVgzyZI #costofliving
Happy National Minimum Wage Day. It’s not clear who’s celebrating this year though: today’s increases are the smallest in 5 years but are still (slightly) higher than average wage growth and inflation: https://t.co/gRwvfTwj52 #minwage
Rising childcare costs are a concern on both sides of the Atlantic, but what are the causes? https://t.co/I85pyVnTRa. My current @NuffieldFound project "What Price is Free?" with Joanna Clifton-Sprigg is exploring the issue. #childcare
A texbook example of Becker's taste-based discrimination model in action: racist pub landlords in the Midlands went out of business and were replaced by the some of people they had previously banned. https://t.co/xp8233Tc4A #racism
An article that sheds light on a little-understood aspect of the UK's National Living Wage. When an employer pays piece rates, rules state that "someone working at an average speed" must be paid at least the minimum wage per hour: https://t.co/dljK7JOhNy #minwage
Childcare costs have big effects on family decisions. My new two-year project with Joanna Clifton-Sprigg funded by @NuffieldFound will find out how much providing free nursery hours lowers overall costs for parents: https://t.co/z0PkqYPwTL
A study co-authored by @klpapps has warned the Government's free childcare expansion could see parents facing higher costs.
The @UniofBradford and @UniofBath have tracked nursery prices over 18 months, finding 'childcare deserts' face fast rising fees.
https://t.co/Ei7YRN1a2s
Listen to me talk about why the introduction of "free" childcare in England might be risky on @bbc5live (fast forward to 33:51): https://t.co/YjauYPmfKh #childcare
When is free not free? My research on childcare costs with Joanna Clifton-Sprigg at @UniofBathIPR was in the news today: https://t.co/ly0V1ud2hZ #childcare
Why do higher wages lead to more crime? Because people seem to spend some of their extra money on recreational drugs. Read my new paper looking at the effects of the UK minimum wage on street crime here: https://t.co/VymDDmJM8g #crime#minwage
A nice quote from my co-author @MichaelRStrain in @nytimes: https://t.co/bWasgTEVsE. If employers can't or won't increase prices, they might cut their workforce instead, so it's a matter of who the burden of a policy ultimately falls on. #inflation
How has restaurant price inflation varied across the UK over the past 6 years? Looking at the menu prices at one large pub chain I found that price increases were strongly linked to the income of an area. #inflation#food
Pay rates may soon be going up in the NHS: https://t.co/ZC3hVMDByo. My research suggests that this might make it much easier to fill vacancies: https://t.co/qHuRmzwOjQ #vacancies#nhs
The problem facing England's nurseries in one figure: government funding falls faster as a child ages than do variable costs, so nurseries have to rely on younger children to cover their fixed costs: https://t.co/44NVZBKEI5 #childcare
Bad maths? As far as I can tell, the equation behind Trump’s tariffs gives the percentage - not percentage point - increase in tariffs. For example, China should get a 34% increase, not a 34 percentage point increase (which is a lot bigger): https://t.co/NbfItphuG6 #tariffs
How do minimum wage adjustments affect menu prices?
A new @iza_bonn working paper from @AEI's @MichaelRStrain & @klpapps finds that a $1 minimum wage rise increased average prices by 7 cents, with prices increasing more for items that involve more labor to prepare.
An interesting article about my new research on the effects of the minimum wage on fast food prices with @MichaelRStrain, highlighting the importance of trade-offs in the policy debate: https://t.co/hPToyWL9HL #minwage#costofliving
How do firms choose which prices to raise when the minimum wage goes up? We examine the entire menu at a fast-food chain and find that prices increase most for items that involve more steps to prepare. Read my new research with @MichaelRStrain: https://t.co/m59ksAtsN5 #minwage