National Lampoon’s Christmas Vacation – Holding Out for Management

In this scene from Christmas Vacation, Clark is surprised to learn that Cousin Eddie hasn’t bought any Christmas presents. When he asks about Eddie’s job situation, Ellen shares that he heard Eddie has been out of work for a while. Not because jobs aren’t available, but because he’s waiting for a management position to open up.

This clip offers a great example of frictional unemployment, the kind of unemployment that arises when individuals are between jobs or selectively searching for a new position that better matches their preferences or skills. Eddie’s decision to wait for a specific type of job, despite other jobs being available, shows how personal expectations and job search behavior affect labor market outcomes.

Thanks to Brian O’Roark for the recommendation!

2025 0

Talladega Nights – No One Lives Forever

This funny scene involves Ricky Bobby (played by Will Ferrell) discussing his prospects for longevity with his pit coach. When warned about the dangers of reckless driving, Ricky confidently cites advances in modern science and his substantial income as reasons he might live exceptionally long—perhaps to 245 or even 300 years old. Though exaggerated, Ricky’s statement underscores a real economic observation: higher income levels are correlated with better health outcomes, largely due to better access to healthcare and medical advancements.

Thanks to Scott Cunningham for the clip suggestion!

2024 0

Exodus: Gods & Kings – Moses & Slavery

The rapid growth of the Israelite population in Egypt, outpacing native Egyptians, led to their enslavement by a fearful Pharaoh, fundamentally changing the labor market dynamics through forced labor policies. This economic strategy, aimed at controlling the Israelite threat, devalued their labor, stifled economic diversity, and perpetuated inequalities.

The oppressive regime highlighted the impact of governance and policy on labor markets, demonstrating how exploitation and poor working conditions undermine productivity and economic health. The story underscores the critical need for equitable labor practices and the dangers of economies built on forced labor, emphasizing the importance of fairness and inclusivity for sustainable development.

2024 0

Joseph: King of Dreams

Disney’s Joseph: King of Dreams is based on the Biblical story story of Jacob and his twelve sons, with a particular focus on Joseph, Jacob’s favorite son. Joseph’s privileged status, marked by a special coat given to him by Jacob, stirs deep jealousy among his brothers. This animosity intensifies after Joseph shares dreams that symbolize his future dominance over his family.

This scene highlights how Jacob’s brothers are motivated by envy and the desire for profit. They seize an opportunity to rid themselves of Joseph. In a calculated move, they decide to sell Joseph into slavery, a practice institutionalized in their society, gain profit. This decision reflects not only their personal resentment but also a profit motive, as they benefit materially from selling their brother. Their actions are facilitated by the existence of slavery as an institution within their society, which provides them with the means to translate their malicious intent into a profitable outcome.

2023 0

Adventureland – You’re Hired!

It’s the summer of 1987, and recent college grad James Brennan (Jesse Eisenberg) can’t wait to begin his long-anticipated dream trip to Europe. Unfortunately, James’ plans come to a screeching halt when his parents announce that they are unable to subsidize his trip and he’ll need to get a job. He is turned down for a restaurant job and an asphalt mixer driver before taking a job at an amusement park.

Amusement parks serve as useful illustrations of simplified economies. Within the park borders, they create a range of goods and services such as rides, games, food, and entertainment. We can track the prices and total sales of these goods and services to determine the overall productivity of the park.

Thanks to Amanda Mandzik for the clip submission & summary!

2023 0

Good Burger – Going Into the Grinder

Dexter needs a summer job after wrecking his car, but he is unable to keep his first job at Mondo Burger because of his incompatibility with his boss. In an all-hands meeting, Dexter makes multiple wisecracks that cause his boss to fire him and have him physically removed from the premises. Fortunately for Dexter, he will find an employment opportunity with the local competition, Good Burger. Frictional unemployment may also occur if there is a mismatch between employer and employee.

Thanks to Amanda Mandzik for the clip and summary.

2023 0

Adventureland – Summer Jobs

When an individual is actively looking for work, unemployment can be categorized as frictional, structural, or cyclical. James is thrown into the job market early, but finding a job does not happen immediately for James. He is turned down for a restaurant job and an asphalt mixer driver because he lacks the skills necessary to do the work. For classification purposes, James is finding that he is structurally unemployed. If there were jobs available in other areas that needed his skills in comparative literature, economists would consider him frictionally unemployed.

Thanks to Amanda Mandzik for the clip suggestion!

2023 0

The Way, Way Back – There You Go!

Duncan, the main character in the movie, The Way, Way Back, is an example of someone who wouldn’t be considered unemployed, even though he does not initially have a job. To be officially classified as unemployed, an individual from the labor force must not be currently working but must be available to work and actively looking for work within the last 4 weeks.

Not only is Duncan only 14 years old—making him too young to be a member of the working-age population—but he also is not looking for a job. In this scene, he is spontaneously offered a job at a water park by a new acquaintance. For classification purposes, he was not part of the labor force and then switched to employed.

Thanks to Amanda Mandzik for the clip and summary.

2023 0

50 First Dates – Nothing Beats a First Kiss

In 50 First Dates, Henry sets his heart on romancing Lucy. The problem? She has short-term memory loss and can’t ever remember anything that happened the day before. Every morning, Henry has to woo her again.

As this pattern is established, this scene shows Henry and Lucy kissing at the end of many different days, only to be followed by Lucy saying (every time), “Nothing beats a first kiss.” Henry, of course, knows that this is not the first kiss anymore. In terms of diminishing marginal utility, the first kiss (at least to Lucy) provides the highest level of marginal utility. Each kiss after that may provide positive marginal utility, but it won’t be as high as the first one.

Sadly, Henry is aware that this is not his first kiss with Lucy, and so he will experience diminishing marginal returns for each additional kiss that he receives.

Thanks to Amanda Mandzik for the clip suggestion and summary!

2023 0

The Sandlot – Smalls First Catch

In The Sandlot, neighborhood kids play an “endless dream game” all summer long. There are two kids on opposite ends of the spectrum when it comes to baseball talent and natural ability. Benny is the superstar on the local sandlot team. He has a clear absolute advantage over all the others in running, hitting, throwing, and catching. On the other hand, Scotty (nicknamed “Smalls”) possesses book smarts but is clueless about baseball. He can’t throw or catch and has little knowledge about baseball in general.

Benny uses his absolute advantage as an opportunity to train Smalls on how to catch and throw. Investing in training uses resources (like time and energy), but has the potential to payoff in the future. It takes Benny and the rest of the team a while, but Smalls eventually becomes a member of the term. Smalls may never have an absolute advantage in catching, but his comparative advantage in catching gets a little better with time.

Thanks to Amanda Mandzik for the clip submission and summary.

2023 0