Posts tagged economics

NYMag
“It took us ten years — between 2009 and 2019 — to create 22 million jobs. And we’ve lost 30 million jobs in two months.”
This is a tough read but it sure seems like we can expect a long, rough road ahead.
The Verge
"We ran these surveys and asked people what they want to do. Twenty percent of our existing employees said that they were extremely or very interested in working remotely full time. And another 20 percent on top of that said that they were somewhat interested. So I think what’s basically going to happen is that, because it’s going to take a while to get everyone back into the office, you have like 40 percent of employees already who were fairly willing to work remotely."
I always thought it was strange that these big silicon valley companies who make online tools were against remote work. Circumstances are forcing their adjustment but this could be lasting.
mkorostoff.github.io
Interesting visualization of the disparity between the ultra-rich and others. This might indicate a problem with the system?
nytimes.com
"The University of Washington said it would move to online classes for its 50,000 students. With colleges nationwide about to empty for spring break, students fear they might not be coming back."
They’re planning to open their campus again March 30th.
Signal v. Noise Signal v. Noise
A note from our dystopian present where software ate everything and humans are API endpoints rather than driving the system:
"A future that plans on everything going right so no one has to think about what happens when things go wrong. Because computers don’t make mistakes. An automated future where no one actually knows how things work. A future where people are so far removed from the process that they stand around powerless, unable to take the reigns."
Not a big deal for watching movies but this could be tragic applied to more critical areas of our lives. It's good to watch out for this and push back on it.
Vox Vox
image from Vox
I’m on board with this plan. Take a look if you haven’t seen it yet. I’m even more on board with the widespread online mocking of this type of reaction to it: Elizabeth Warren's plan to cancel student loan debt would be a slap in the face to all those who struggled to pay off their loans. My favorite response from @petridishes: "this plan to stop slapping people in the face is a slap in the face to all those who were slapped in the face."
Freakonomics
image from
“We understand prices. But in a community, many of these transactions are not priced. You may do more favors than you get. You may not even get greater status as a result of something you do.”
This Freakonomics Radio interview with economist Raghuram Rajan is fantastic. He talks about the value of communities and the difficulty economists have quantifying their value. Local communities are also one of the primary ways we find meaning in our personal lives. There's a lot to think about there.
Collaborative Fund Collaborative Fund
image from Collaborative Fund
"If you fell asleep in 1945 and woke up in 2018 you would not recognize the world around you." I've been thinking about this quick essay about the evolution of the American economy quite a bit since I first read it.


Talking about money in public is awkward but so helpful and necessary to independent developers. Indie Hackers looks like a great attempt to pool some collective knowledge. [via anil]
  • Rushkoff's talk at WebVisions last month. His premise: our underlying economic system is never disrupted and it's bad business.
  • Anil talks about the tightening APIs that are forcing ThinkUp to shut down. I've been a ThinkUp user since the days you installed it on your own server. ThinkUp tried to help you understand how you use services like Twitter and Facebook. Big thanks to Anil and Gina for helping us do that for so long.
  • This is Andy Baio's annual round-up of online movie piracy. This year: HD video makes leaked screeners irrelevant. "Already, with a month to go before the ceremony, 89% of this year’s nominated films have already leaked in high quality online, more than last year."
  • I had no idea that Oregon tried to keep minorities out in its early years. It's a depressing article but it's important to understand our history.
« Older posts