Susan Helper, the Frank Tracy Carlton Professor of Economics, talked about the impact of the decrease in commodities such as lumber, steel and plastics, on the railroad industry. "The commodities were kind of the last thing railroads had," she said.
Scott Shane, the A. Malachi Mixon III Professor of Entrepreneurial Studies, discussed how practice on their elevator pitches helps entrepreneurs have better results in obtaining investment capital. PITCH U, an elevator pitch competition for students, is part of Shane’s experiment to identify the best training to improve performance.
William S. Peirce, professor emeritus of economics, says that if the minimum wage increased to $15, or even $12, small business owners and other employers would more aptly focus on how they would be able to pay higher wages. "If you raise the wage, then the question is how is that employers going to get more net income out of that person."