The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
June 19th, 2011
Episode 383 of 921 episodes
In the 16th century, coffee shops prominently displayed coin boxes with the phrase "to ensure prompt service" written on the side. If you wanted your coffee in a hurry, you dropped a little something extra in the box, and made sure the waitress saw you do it. This, according to at least one version of history, is where tipping began. But today, we tip after we get served, not before. And, according to one expert we talk to on today's podcast, the quality of service we perceive makes a tiny difference in how much we tip. (The weather has a comparable influence on tip size.) According to one theory, when you get down to it, we don't even tip for good service. We tip because we feel guilty.