Red Light Special on Breast Augmentation

With the economy in a downturn, many firms have been hard hit.  Industries that sell luxury goods have been especially hard hit.  One example of a luxury good sector taking a beating is the elective surgery market. The New York Times reports that dermatologists, facial surgeons and plastic surgeons have all seen a significant drop in…

Wage inequality

Many economists have noted that wage growth has not kept up with overall economic growth over the past few decades.  We observe widening wage inequality since the 1970s.  Are workers getting poorer relative to the owners of capital?  Is a communist revolution needed to equalize the playing field? Economist Martin Feldstein thinks not.   “Feldstein…

Happiness and body image

Many Americans are dissatisfied with how they look.  They want to be thinner or have bigger muscles or have larger breasts or have fuller lips.  The diet industry, the plastic surgery industry, the fitness industry all make money because people are dissatisfied with how they look.  How can you be happy with your looks? As…