Leonid Kogan and Lawrence Schmidt devised a new way to measure how people's exposure to technology changed over time.
According to a new working paper by Assistant Prof. Lawrence D.W. Schmidt "income risk" is primarily a problem for college-educated people.
“...even when we look at a sample of extremely talented, highly incentivized expert investors, they are still people."
"...the Paycheck Protection Program had a bit of a design flaw. The hardest-hit sectors actually tended to receive the least amount of aid."
"...tying financing to payroll expenses had the [likely unintended] consequences of allocating more federal funds to the least affected sector.”
[Prof.] Schmidt found the biggest loans went to the professional and technical services sector — lots of remote workers, fewer jobs lost.
