The rules have changed, and so have we.
- The widget economy has given way to something entirely different: the passion economy.
- Whereas the previous economy was fueled by mass production and homogeneity, growth in the passion economy involves more specialized products that less people want more intensely.
- This shift creates more dynamic, less linear career paths that evolve and change as you do. Ultimately, this will lead to more fulfilling and better paid work.
The standard face-to-face team is inefficient for employees and employers alike.
- A common misconception is that remote teams are not as productive. That is simply not true.
- While there are pros to having everyone in a centralized location and on the same schedule, a major benefit of having employees work remotely is that it saves time and money.
- Having a remote team also gives companies more freedom to hire employees based on skill, not proximity.
The welfare state is broken. UBI is the smarter, more effective option.
- The welfare state is an ineffective and expensive system that hurts and targets the poor more than it helps. Universal basic income is a better alternative that could work.
- The question becomes, then, where would the money for UBI come from? There are a myriad of reasons why UBI via taxes would be a bad idea. Instead, we should look to socially produced capital.
- Companies rely on people to be successful, so a percentage of all shares of all companies should go into a public equity trust and the dividends should be distributed to every member of society equally.
Retail therapy has been proven to make us happier, but is there a catch?
- Retail therapy is a process of shopping for the purpose of making yourself feel better.
- According to financial psychologists, there is a psychological connection between your emotions and how you spend (and save) money, which explains how retail therapy can have such a positive, uplifting effect on our state of mind.
- However, retail shopping often happens when we are vulnerable, and that is when our impulse control often goes unchecked.
It takes more than a good idea to land a shark as a business partner.
- As a successful entrepreneur, investor, and one of the stars of 'Shark Tank,' Daymond John is used to being pitched business ideas. In this interview, he shares what separates bad pitches from great pitches.
- Beyond the idea, how well (or not) he and potential business partners will work together is a big factor.
- Proof that the person did their research and some of the legwork before hand also goes a long way.