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The Economics of Everyday Things

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67 snips
Mar 31, 2025 • 17min

86. Toothpaste

Toothpaste is a daily essential with a fascinating backstory. This discussion digs into its evolution from an ancient luxury to a health necessity, spotlighting brand strategies that shaped the market. Discover the science behind production and ingredient choices, including how flavors vary globally. The podcast also explores cultural perceptions and the economics of oral care. Prepare to be surprised by the engineering innovations that make that squeezable tube so user-friendly!
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25 snips
Mar 24, 2025 • 21min

85. Executive Recruiters

In this conversation, Jane Stevenson, the Global Vice Chair of Board and CEO Services at Korn Ferry, shares insights into the pivotal role of executive recruiters. She discusses the unique methods used to assess candidates, including psychological tests and mock interviews. The conversation also delves into the ongoing shift towards incorporating technology and social media in recruitment. Additionally, Jane highlights the importance of diversity in hiring and the complexities of negotiating CEO compensation packages in a competitive landscape.
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25 snips
Mar 17, 2025 • 18min

84. Mall Cops

Gus Parsons, a seasoned mall cop with 20 years of experience patrolling San Diego shopping centers, shares the often-overlooked realities of mall security. He discusses the balance between safety and authority, highlighting the unique challenges security guards face daily. With humorous anecdotes, Gus reveals the diverse personalities he encounters and the unexpected situations that arise, from reuniting lost children with their parents to managing shoplifters. His insights shed light on the critical yet underrated role of mall security in enhancing the shopping experience.
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57 snips
Mar 10, 2025 • 19min

83. Game Show Winnings

Discover the exhilarating unpredictability of game show success from a former contestant’s perspective. Explore the psychology and economics behind producers' decisions on prize allocation. Learn how high-stakes cash prizes keep viewers hooked and why some winnings haven't kept up with inflation. Dive into the behind-the-scenes challenges of budgeting and the importance of game show statisticians. Finally, uncover how math models and risk assessments influence massive payouts and production strategies in the realm of entertainment.
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36 snips
Mar 3, 2025 • 17min

82. Chain Restaurant Recipes

Discover the secrets behind Shake Shack's culinary innovation as their team creates new menu items. Learn about the meticulous process of crafting consistent and cost-effective recipes for chain restaurants. Explore how to make gourmet sauces like truffle sauce using domestic ingredients while maintaining quality. Dive into the complexities of recipe standardization and operational efficiency, and see how diverse menus can be balanced with effective staff training for a great dining experience!
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Feb 24, 2025 • 17min

Used Golf Balls (Replay)

Todd Hutchinson, president of BallHawker, dives into the fascinating world of used golf balls. He reveals that American golfers lose around 300 million balls annually, creating a unique business opportunity for recovery. Todd discusses the economics behind lost golf balls, the surprising market evolution, and the hidden ecosystem of this niche industry. He shares anecdotes about the risks and rewards of golf ball diving, shedding light on the profitability of reclaiming these watery treasures, all while emphasizing the environmental impact of recycling.
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51 snips
Feb 17, 2025 • 22min

81. Guide Dogs

Peggy Gibbon, Director of Canine Development at The Seeing Eye, dives into the fascinating world of guide dogs. Discover the extensive $75,000 training process that transforms these dogs into skilled helpers. Peggy shares insights into the rigorous breeding and training that prepare them for their roles. She also discusses the unique bond formed between guide dogs and their visually impaired partners, as well as the social challenges they face in public spaces. This enlightening conversation showcases the dedication behind these incredible animals.
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38 snips
Feb 10, 2025 • 17min

80. Going-Out-of-Business Sales

Dive into the intriguing world of going-out-of-business sales! Explore the emotional and economic factors that drive consumer behavior. Discover the rise and fall of iconic retailers like Toys R Us amid fierce competition and overwhelming debt. Uncover the strategic pricing tactics used to create urgency during sales, while understanding the psychological influences at play. Hear heartwarming stories of community support saving local businesses from closure, revealing the powerful bonds between consumers and their favorite shops.
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37 snips
Feb 3, 2025 • 19min

79. School Photos

Ken Murphy, CEO of Lifetouch, leads the largest school photography firm in America, capturing images of 30 million students annually. He shares intriguing insights into the billion-dollar school photography industry and the delicate balance between customer service and logistics. Murphy discusses the seasonal challenges of managing 6,000 photographers and reflects on the cultural significance of school picture day. He emphasizes creativity in engaging young minds and the critical role of financial literacy in education.
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43 snips
Jan 27, 2025 • 21min

78. Porta-Potties

Veronica Crosier, Executive Director of the Portable Sanitation Association International, dives into the surprisingly lucrative world of portable toilets. She discusses the industry's hidden complexities, including logistics, branding, and event contracts. With captivating anecdotes, she highlights the unsung heroes behind sanitary services at events like music festivals and microbrewery gatherings. Crosier also addresses societal perceptions and personal experiences with these often-overlooked facilities, promoting a healthy conversation around this crucial topic.

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