Wineries are being hit hard by the high cost of supplies, and they are also facing supply shortages. While there isn't a wine shortage, the cost to package and ship bottles of wine has gone up, according to some employees at wineries in New Jersey. *********** A local...
Topic
economy
NJ economic outlook – Will prices keep spiking?
As we head into the second half of 2022, what is the economic outlook for New Jersey? The state’s top economist said a number of variables are pulling us in many directions. Rutgers University economist James Hughes said inflation is embedded for the time being, with...
Political wrap-up: The 3 -tions: Inflation, Abortion, and the Election
Wrapping up with three hot topics in national politics, the important races of the 2022 midterm elections, and what inflation and abortion could mean for the election.
Gas prices rise to record highs again
Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...
New Jersey State Policy Lab: Guilt Tipping and the Inflated Default Tip
Why do we feel guilty about tipping pressures at establishments where only a tipping jar previously existed? And why are tips inflating as a percentage of the bill?
Trends in American Opinions about Jobs, 2010 to 2021
A new Work Trends research brief titled includes selected trend data about work, the job market, and job security.
New Jersey Policy Lab: A Primer on Housing Markets with a Bird’s Eye View on New Jersey
Expect telecommuting and surge of millennials forming families to push housing demands in NJ, especially in “good” school districts. Lahr notes a widening gap between housing starts and completions–due to supply chain challenges–and considers pandemic impacts on low-income households.
Philadelphia’s soda tax added jobs thanks to increased funding for child care, a new study says
The Rutgers study took a macroeconomic approach in an attempt to look at the ripple effects of the tax, and not just its impact on directly affected industries. Michael L. Lahr, a public policy professor at Rutgers and the study’s primary author, said he expected to...
Philadelphia’s Pre-K program, funded by Beverage Tax, helps the city’s children, families, and economy
The release of the study comes in the context of a larger national debate about increasing public funding for child care and pre-K programs.
More states are ending jobless benefit, but will workers return?
“When there’s a quick ramping up of the (economy), there’s a quick demand for workers and that means the people who pay more are going to get those workers ... just as when there’s a labor surplus they’re able to pay less and still get a competent workforce,’’ says...
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