What counts as “discretionary” spending?
People who don’t have to worry about money often buy things they think of as necessities, but really aren’t, said Jonathan Parker.
People who don’t have to worry about money often buy things they think of as necessities, but really aren’t, said Jonathan Parker.
Andrew McAfee argues it’s a mistake to think that geeky companies can only win in tech.
"The 'Geek Way' is an upgrade to the company, it's a better set of philosophies and practices for running this thing we call a company."
"I don't think these employer actions will insulate these companies from getting organized."
"Can coming into a financial windfall really bring lasting happiness?"
"Dollarizing with a shortage of dollars stinks. The country must primarily address its chronic fiscal problem.
"When there's not a competitive threat, they're not making that investment. And quality is lower."
An AI assistant rolled out this year lifted the productivity of customer-support agents by 35%.
"We do see people leaving low wage jobs. They are starting businesses, and the businesses are doing great because there's money around."
"In ZIP codes where poor people encounter a higher share of rich people daily, there’s a higher degree of cross-class friendships."