David Kestenbaum http://tspr.org en When Ikea Raises Its Minimum Wage, Where Does The Money Come From? http://tspr.org/post/when-ikea-raises-its-minimum-wage-where-does-money-come Ikea, a company famous for keeping its costs down, recently announced that it would raise the average minimum wage for its retail workers to $10.76 an hour. Why would the company volunteer to pay its workers more?<p>"By taking better care of our coworkers," says Rob Olson, the acting president of Ikea U.S., "they will take better care of our customers, who will take better care of Ikea. We see it as a win-win-win opportunity."<p>Win. Win. Win. Sounds like a free lunch. Fri, 11 Jul 2014 15:33:43 +0000 David Kestenbaum 56400 at http://tspr.org When Ikea Raises Its Minimum Wage, Where Does The Money Come From? Volatility Index Indicates Wall Street Is Bored http://tspr.org/post/fear-index-rate-reflects-investor-boredom An economic indicator commonly called the VIX, volatility index, is also known as the fear index. Whatever you call it, the index is hitting lows not seen since before the financial crisis. Thu, 12 Jun 2014 09:12:00 +0000 David Kestenbaum 54736 at http://tspr.org Why A Pack Of Peanut Butter M&M's Weighs A Tiny Bit Less Than A Regular Pack http://tspr.org/post/why-pack-peanut-butter-mms-weighs-tiny-bit-less-regular-pack The other day I went down to the little shop in the lobby of our building for a snack. I couldn't decide whether I wanted regular M&M's or Peanut Butter M&M's so I bought them both. On the way back upstairs to the office, I noticed something strange on the labels. Each had cost $1, but the pack of Peanut Butter M&M's was a very tiny bit lighter: 0.06 ounces lighter!<p>I wanted to know why, so I called a couple of experts and asked for their theories:<p><strong>Theory No. Thu, 05 Jun 2014 22:08:00 +0000 David Kestenbaum 54434 at http://tspr.org Why A Pack Of Peanut Butter M&M's Weighs A Tiny Bit Less Than A Regular Pack On The Internet, A Penny Is Nothing To Sneeze At http://tspr.org/post/internet-penny-nothing-sneeze Transcript <p>RENEE MONTAGNE, HOST: <p>Our Planet Money team this week is taking a look at the lowly penny. People discard pennies in bowls by cash registers. They walk by them on the street without a thought of picking them up. In fact, a lot of us don't even pick them up when we drop them. Thu, 22 May 2014 09:05:00 +0000 David Kestenbaum 53613 at http://tspr.org In 4,000 Years, One Thing Hasn't Changed: It Takes Time To Buy Light http://tspr.org/post/4000-years-one-thing-hasnt-changed-it-takes-time-buy-light Transcript <p>AUDIE CORNISH, HOST: <p>And now, 4,000 years of economic growth in seven minutes. This story comes, of course, from our Planet Money team. David Kestenbaum and Jacob Goldstein bring us the history of light and how the world came what it is today.<p>DAVID KESTENBAUM, BYLINE: Before you could get light at the flick of a switch, there were other options - none of them very good. Jane Brox wrote a book called "Brilliant: The Evolution Of Artificial Light." In the tropics, she says, people would catch fireflies and make a sort of firefly lantern. Fri, 02 May 2014 20:44:00 +0000 David Kestenbaum 52575 at http://tspr.org