National Signing day represents a unique market. In no other market do buyers do so much to signal their quality. Colleges are buying the services of football recruits (who are selling their services). If you’re a college graduate you’re a seller, you are trying to sell your services to a buyer (a potential employer). In the realm of college football it is multimillion dollar college programs that are trying to convince buyers (football recruits) to allow them to sell them their football scholarships in exchange for their services.
No more automatic service charges in restaurants
Have you ever received an automatic service charge on a restaurant bill? This usually happens in restaurants for large parties. The restaurant typically charges an automatic gratuity to the bill. Starting this year (2014) restaurants may stop doing this practice because this “gratuity” will be classified as employee income and the restaurant will be forced to pay medicaid and other benefits on this income. Click here to learn more.
