Striking Hollywood Actors and Writers Might Have to Get Used to Stagnant Wages

People with jobs, children, and actual responsibilities might not have noticed, but Hollywood is nearly shut down right now thanks to both a writers’ strike and an actors’ strike. Or more accurately: only the writers and actors who are members of unions are on strike. Members of SAG-AFTRA (SAG) and the Writers Guild of America (WGA) are refusing to work until TV and movie studios agree to a variety of demands.

Gad Saad

Gad Saad is a Canadian marketing professor at the John Molson School of Business at Concordia University.

Inflation Is a Giant “Skim” on the American People

The price of a McDonald’s hamburger in the United States has inflated 3.75 percent annually over the last seventy years. McDonald’s has grown from a tiny hamburger stand in Des Plaines, Illinois, to the second largest fast-food chain on earth. Scale economies alone (never mind process and productivity improvements) should’ve allowed the price of a burger to decline materially over this period.

smith1

Charles A. (Charlie) Smith is former Chief Investment Officer of Fort Pitt Capital Group in Pittsburgh.

Oakes1

Alexander Oakes is a Marine Corps combat veteran who is currently pursuing his PhD in Clinical Psychology at Arizona