For the first time in history, the number of jobless workers age 25 and up who have attended some college now exceeds the ranks of those who settled for a high school diploma or less.
Source: New Normal: Majority Of Unemployed Attended College | Stock News & Stock Market Analysis – IBD
How much of this is simply because of the rising percentage of college-educated US adults?
Some awesome new findings — including a report on the happiest countries on the planet — — suggest that developing a theory of “happynomics” is harder than you might think
Felix Salmon recently proposed an interesting new profit source for newspapers like The New York Times. Citing the Times’s recent expose on Walmart and the resulting drop in the company’s share price, Salmon wonders why the company doesn’t charge companies for early access to big stories.
Source: A New Revenue Source for Journalism? – Freakonomics Freakonomics
History suggests that Jack Welch’s philosophy that “a company should be #1 or #2 in a particular industry or else leave it completely” is even more applicable to the tech industry, where the top player can build a sustainable and ever-growing business but everyone else is practically better off getting out.
Source: Is Technology A Zero-Sum Game? | TechCrunch
Is this a problem born, or intensified, by turning people and the data about them into the product with profit margins determined by our willingness to be exploited/manipulated combined with the asymmetry of information about how the exploitation/manipulation is happening?
From comments:
I think a core issue that is not raised, is that if the data is so valuable, why do more people not insist on reaping the rewards of sharing their data?
— anonymous