Category: Economics, Business, & Work

Andy Grove’s Warning to Silicon Valley – The New York Times

Source: Andy Grove’s Warning to Silicon Valley – The New York Times

A 2010 essay urges “job-centric” economics and politics, involving an all-out commitment to American manufacturing. … According to Mr. Andy Grove, Silicon Valley was squandering its competitive edge in innovation by failing to propel strong job growth in the United States.

 

RE: Andy Grove: How America Can Create Jobs – Bloomberg

Locus Online Perspectives » Cory Doctorow: Wealth Inequality Is Even Worse in Reputation Economies

Source: Locus Online Perspectives » Cory Doctorow: Wealth Inequality Is Even Worse in Reputation Economies

unless you believe that evolution produced exactly one brilliant tech entrepreneur in the ranks of Syrian refugees and one brilliant scientist with ALS, then you have to believe that the others just didn’t get quite so lucky

 

The article is somewhat interesting, but is mistitled; the article does not put forth an argument for what wealth inequality is worse in reputation economies.

The Next Amazon (Or Apple, Or GE) Is Probably Failing Right Now | FiveThirtyEight

Source: The Next Amazon (Or Apple, Or GE) Is Probably Failing Right Now | FiveThirtyEight

In research set to be published on Monday, however, a team of researchers at MIT argues that Amazon’s rise wasn’t so unpredictable after all. The researchers believe they have found a set of characteristics that can identify which companies have a shot at success. That could allow cities and states to move beyond the shots-on-goal approach and instead try to foster the specific types of companies that are most likely to create jobs and drive innovation.

But all is not well. Stern and Guzman find that fewer of those ambitious startups are successfully becoming big companies. Put another way, the U.S. may have as many would-be Bezoses as ever, but it’s getting fewer Amazons.

there is also evidence that the economy has become more hostile to new companies. Startups are failing at a higher rate than in the past, while older, larger businesses are increasingly dominating nearly every sector of the economy. Economists on both sides of the political spectrum have found evidence of increased “rent-seeking,” efforts by companies to use government regulation or other policies to protect themselves from competition.

Center for American Progress Study Says Millennials Earn the Same as Boomers – The Atlantic

Source: Center for American Progress Study Says Millennials Earn the Same as Boomers – The Atlantic

Millennials should, theoretically, be the highest-paid cohort of young adults in American history: They’re the most educated group of workers and have entered the labor market at a time of high and increasing productivity.

But thanks to a recession, a slow recovery, and staggering amounts of student debt, that hasn’t happened. To turn the tide of their financial futures, a new report says, it won’t be enough for Millennials to work harder—they need help from legislators.