Economics

In England, you cannot advertise prescription-only medicine to the general public via TV or print advertising. Since the 1990’s, drug manufacturers can market their products direct to consumers in the U.S. Depending on your demographic, they may be all you see in commercials! A recent article in the American Economic Journal: Microeconomics by Bradly Shapiro examined the pros and cons of these different levels of regulation. The main argument for the English position is that nothing should get in the way of the patient-doctor relationship and decision-making. Some argue that

How much is a college degree worth? According to the University System of Georgia, the answer is more than $1 million if you work in the state of Georgia. According to a study conducted by the Selig Center for Economic Growth at the University of Georgia, a person graduating from a college in the University System of Georgia in 2021 can expect to earn $2.55 million over the course of a career. A person with only a high school diploma is expected to earn $1.4 million during the same period.

You’re already paying higher prices for gas, groceries, and just about everything else you buy. But if you’re an Allstate car insurance customer, you’ll soon notice a significant increase in that bill, too. ABD previously reported the company is raising its automobile insurance rates by 25 percent, effective Sept. 12 for new customers and Oct. 16 for current customers. While most insurers are currently raising their rates due to inflation and other factors, 25 percent is a very large increase. We contacted Allstate, which released a statement. “Allstate lowered its

In about a month, a local triathlon is expected to generate an estimated economic impact of more than $9 million, according to Michelle Pippin. Pippin, CEO of the Augusta Sports Council, said nearly 3,000 people are expected to participate in this year’s Ironman 70.3 Augusta. The 13th annual event, which will be held Sunday, Sept. 25 in downtown Augusta, consists of a 1.2-mile swim, 56-mile bike ride, and 13.1-mile run. “The race continues to be a beginner favorite for the sport and one of the largest Ironman events in North

The continued mixed messages sent by the economic data continued in June with job openings increasing by 13.6 percent in Georgia. Georgia was one of only two states, the other being Ohio, that saw an increase in job openings. This follows the 16 percent fall in job openings in May. South Carolina job openings fell by 6.7 percent in June. Given the availability of job offers, people quitting their jobs in Georgia rose by 0.6 percent in June, the highest number for all states at 27,000. Layoffs and discharges by