Home/Tag: elasticity

Do Higher Minimum Wages Benefit Workers AND Employers?

Andrew Jackson, of the Broadbent Institute, argues in a Huffington Post article that the recent increase in Alberta's minimum wage to $12.20 (on a path to $15 in 2018) not only benefits workers, but also employers. He presents the cons and pros of minimum wages, including a claim by the [...]

Do Higher Minimum Wages Benefit Workers AND Employers?2020-05-09T10:37:28-04:00

How Elasticity Helps AirBnB Owners Make More Money

The Toronto Star reported on a startup called Beyond Pricing that is helping AirBnB owners increase revenues from their short-term rentals by figuring out the highest price they can charge. The company using a dynamic pricing algorithm like those used by airlines and hotels that raises prices when demand [...]

How Elasticity Helps AirBnB Owners Make More Money2020-05-09T10:55:29-04:00