Antifragility is key to navigating the seemingly political and economic winter that is coming. As the wise Jon Snow — of Game of Thrones fame — would say, winter is coming and we know what’s coming with it: robots, shorter work weeks and substantial labor force disruptions. We can either sit around and wait or learn to live with the wildlings and diversify our income streams. Continue reading “Winter is Coming. Become Antifragile.”
Moving to a new city, particularly in your 20s or 30s, can be a defining moment in your life. Yet people in the U.S. are moving at historically low rates, and you don’t need to look far to see why. Continue reading “Slow on the Move: Prices, Technology and Rent Control”
“We need to hold universities accountable!” This buzz phrase has taken hold of Gen Y as they take on the student debt crisis facing our nation. Continue reading “Who To Blame? The Student Debt Accountability Question”
From afar, the Trump administration waging war on the Environmental Protection Agency while ramping up its efforts to fix old bridges and to deepen old ditches looks like some weird political balancing act. On one hand, they are shrugging off climate change, but “Look! Jobs!”
Both of these efforts seem to be leaving us FKD’d. However, the progressively backward movements on these fronts can be corrected if instead of refurbishing all the old stuff, we aim our focus on the future.
The future lies in an area we often take for granted: electricity. Continue reading “Beating Climate Change And Creating Jobs By Uberizing Electricity”
We continue to be on guard for industries in which workers are likely to be replaced by machines and automation. Food service and accommodations, transportation, and retail are all expected to be taken over by automated processes. Employment numbers in the manufacturing sector continue to dwindle as machines take on the bulk of the work. Continue reading “Barbers: Automation vs Occupational Licensing”
In continuing our analysis of what goes into economic mobility, we run into cultural capital: the capital often left out of the economics because it’s assumed to be out of our control.
As we continue to explore the factors of economic mobility, acquiring a diverse chunk of human capital is arguably the most crucial factor of them all. So while we’ve all been indoctrinated to believe education stops when it’s time to “become an adult,” the truth is that we are going to have to dedicate our entire lives to learning in the knowledge economy. Get ready, fam. Continue reading “Human Capital: What It Is and What It Means in the New Economy”
In the modern economy, where we are continually pushed to specialize and become freelancers, social capital is becoming more important than ever. But, like anything else in life, if you want more of it, you have to put in a little effort. Continue reading “Is Social Capital the Most Important Type of Capital?”
The “American dream” is rooted on the idea that people can go from “poor” to “not poor” in this country with a can-do attitude and strong work ethic. Although we’ve heard a handful of these “rags to riches” stories, research shows that it ain’t as easy as it used to be.
Our series on the modern economy ends with what lies ahead: the future economy.