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Do immigrants really take jobs and lower wages?

Friday, June 28, 2024

We wade into the heated debate over immigrants' impact on the labor market. When the number of workers in a city increases, does that take away jobs from the people who already live and work there? Does a surge of immigration hurt their wages?

The debate within the field of economics often centers on Nobel-prize winner David Card's ground-breaking paper, "The Impact of the Mariel Boatlift on the Miami Labor Market." Today on the show: the fight over that paper, and what it tells us about the debate over immigration.

More Listening:
- When The Boats Arrive
- The Men on the Roof

This episode was hosted by Amanda Aronczyk and Jeff Guo. It was produced by Willa Rubin, edited by Annie Brown, and engineered by Valentina Rodríguez Sánchez. Fact-checking by Sierra Juarez. Alex Goldmark is Planet Money's executive producer.

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Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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What's with all the tiny soda cans? And other grocery store mysteries, solved.

Friday, June 14, 2024

There's a behind the scenes industry that helps big brands decide questions like: How big should a bag of chips be? What's the right size for a bottle of shampoo? And yes, also: When should a company do a little shrinkflation?

From Cookie Monster to President Biden, everybody is complaining about shrinkflation these days. But when we asked the packaging and pricing experts, they told us that shrinkflation is just one move in a much larger, much weirder 4-D chess game.

The name of that game is "price pack architecture." This is the idea that you shouldn't just sell your product in one or two sizes. You should sell your product in a whole range of different sizes, at a whole range of different price points. Over the past 15 years, price pack architecture has completely changed how products are marketed and sold in the United States.

Today, we are going on a shopping cart ride-along with one of those price pack architects. She's going to pull back the curtain and show us why some products are getting larger while others are getting smaller, and tell us about the adorable little soda can that started it all.

By the end of the episode, you'll never look at a grocery store the same way again.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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An ancient law determines how sea rescuers get rewarded

Friday, February 02, 2024

In 1994, a crew of sailors pulled off a daring rescue in the middle of a tropical storm. To their surprise, their efforts would be rewarded thanks to an ancient law of the sea.

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NPR staffers share their non-fiction picks from Books We Love

Sunday, December 17, 2023

NPR staffers recommend non-fiction reads from our Books We Love list: "On Minimalism," "Anansi's Gold," "Asian-Americans in an Anti-Black World," and "The Wager."

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Why do doctors still use pagers?

Friday, December 15, 2023

At a surprisingly large number of hospitals, the pager remains the backbone of communication. The Planet Money team tries to understand why the pager has been so hard to replace.

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Why turkey prices drop at Thanksgiving — when the demand is highest

Wednesday, November 22, 2023

Typically, when demand for a product goes up, so does the price. But at Thanksgiving, when demand for turkeys is at its highest, turkey prices drop. Our Planet Money team looks into this mystery.

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An economic mystery at the all-you-can-eat buffet

Tuesday, October 31, 2023

All-you-can-eat buffets highlight an economic idea known as the flat rate pricing bias. To explain how it works, our Planet Money team went to the buffet capital of America: Las Vegas.

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Why September, on average, is the worst month for the stock market

Friday, September 29, 2023

Going back more than a century, the month of September has been — on average — the worst month for the stock market. And September 2023 appears to be no exception. But why?

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'Planet Money': How investigators cracked the Axie Infinity crypto hack

Thursday, September 21, 2023

A team of investigators has been trying to get to the bottom of the biggest cryptocurrency theft of all time.

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Voicing concerns: The future of AI voice replacement

Thursday, June 08, 2023

AI can now be trained to realistically imitate the voices of celebrities. The Planet Money podcast explore this new world of synthetic voices.

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A cat lover tried to leave a fortune to her town's strays. It almost didn't work out

Friday, March 10, 2023

When Barbara Thorpe died in 2002, she left almost all of her money — $200,000 — to benefit the cats of her hometown, Dixfield, Maine. But that decision turned into a huge legal battle.

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Stay-at-home dad takes on telemarketing companies targeting him and his family

Friday, January 13, 2023

The Telephone Consumer Protection Act lets you recover up to $500 for each violation of the do not call registry. Nathen Barton fought back against telemarketers, and made some money in the process.

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Why pollsters are having a tough time surveying voters

Tuesday, November 08, 2022

It's gotten a lot tougher to poll voters these days. People aren't picking up the phone, nobody wants to talk to pollsters and it's becoming a crisis for the polling industry.

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How economics retreats made a strong impression on federal judges

Friday, October 07, 2022

Between 1976 and 1999, hundreds of federal judges traveled to a private retreat where they learned from famous economists. These retreats may have had a surprising effect on federal courts.

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The war in Ukraine is disrupting the world's supply of neon

Friday, August 12, 2022

A growing shortage for neon is driving up its prices by 5000%. Neon production became highly concentrated in post-Soviet states, such as Ukraine and Russia. The world is paying for that concentration.

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