The economics of haircuts
Posted By Russ Roberts On December 14, 2010 @ 10:24 am In Podcast | Comments Disabled
The latest EconTalk is about haircuts. No, not the repo market but the real thing, an interview with Wafaya Abdallah [1] who runs a hair salon. Most of the conversation is about the challenges of running a small business–motivating employees, compensation design, worries about competitors. But you’ll also discover how much a serious haircutter pays for her shears.
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[1] an interview with Wafaya Abdallah: http://www.econtalk.org/archives/2010/12/abdallah_on_hai.html
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