Business: Beyond Profits
Beyond Meat reported a wider-than-expected loss as demand for its meat substitutes tumbled. Source: Beyond Meat (BYND) Q3 2022 earnings The business model is messed up. They sell fake meat…
EVs: Tax credit subsidies for EV buyers turned into subsidies for manufacturers – not buyers
This is what happens with subsidies – they end up as a subsidy to the manufacturer who raises prices roughly equal to the subsidy. The buyer is no better off…
Models: Company claims it can accurately predict wildfire risk
“Models” – this is a model whose input includes the output from other unproven models: Nobody can predict the future, but a San Francisco-based startup called Kettle seems able to…
Disasters: It’s now hip to be a prepper
“Prepping” now means that you should buy highly manufactured freeze dried “food”: Once the domain of end-of-timers and right-wing radicals, the survivalist mindset is pushing into the mainstream thanks to…
Aviation: The real reason the U.S. has a pilot shortage?
Mentour pilot explains the background to the U.S. pilot shortage – and it may come down to union rules: How it works Legacy airlines (United, Delta, American) have high pilot…
Demographics, Economy: Demographics now key driver of global economy
Ibbitson, 67, said over the next several decades that demographics will be the key driver of the global economy as more baby boomers age and birth rates around the world…
Business: About 45% of workers are remote or hybrid office/remote
These patterns have leveled out, the researchers found, with about 15% of all Americans working fully remotely, 30% maintaining hybrid schedules and about 55% working in-person full-time. Source: 52% of…
Economy: How many workers earn minimum wage?
According to the U.S. Bureau of Labor Statistics, not so many – which is a surprise: Age. Minimum wage workers tend to be young. Although workers under age 25 represented…
Business: The end of remote work may be near?
Wow – remote work didn’t last long: Over 50% of CEOs say they’re considering cutting jobs over the next 6 months — and remote workers may be the first to…
Business: AirBnb rentals have become intolerable to many customers
“They also expect you to clean dishes, throw the garbage, do laundry. Should I also cook 3 course meal before I leave?” one person tweeted in response. Another user wrote:…
Demographics: Why “Boomers” and “Millennials” view immigration differently
This post was originally written two weeks ago. I have updated with new information and charts that help explain why “Millennials” (per polls) are more supportive of immigration than are…
Education: Average pay by education level
This is an average for everyone in each category. This should NOT be read as saying you’ll make $80,000 per year right after graduating from college – instead, this is…
Business: Kroger’s acquisition of Albertsons/Safeway will not result in lower prices
It might result in higher profits, but not lower prices for consumers. Their goal is to turn grocery shopping into a surveillance service to better target you with advertising: One…
Demographics, Education: Premium pay for Masters degrees falls
Salaries for Master’s Degrees: Income Gap Narrows With Raises for Bachelor’s – Bloomberg From population demographics, the cohort of young new workers in their 20s is now becoming smaller than…
Automation: “Banks turn to automation”
It is about becoming more efficient, less labor intensive: Large banks including Truist, JPMorgan Chase and Wells Fargo emphasized that they’re increasingly looking at automation beyond the context of specific…