Automation: Minimum wage increases lead to investment in automation
For every 10% increase in the minimum wage, investment in automation goes up by 8%.
Economy: The end of secretarial jobs
Up through the 1970s, up to 1 in 5 jobs were secretarial/clerical jobs. Most of those have vanished due to automation (think PCs) and work place changes.
Business: Americans spend more on OnlyFans than on NY Times + ChatGPT
To be fair, all of them are kind of fake.
Business, Economy: Retail square feet per capita
The U.S. has 2 to 6 times the retail square feet per capita as other major countries.
Business: Beyond Meat is failing because of it’s CEO
CEO blames customers for his company's failure as their stock now trades around $1/share.
Media bias in business/startup reporting
A staple meme of business reporting are stories about entrepreneurs who risked it all and achieved success. The reality is most business startups fail.