Tag: economics

Studying economics appears to make people worse human beings.

Studying economics appears to make people worse human beings.:

This originally appeared on LinkedIn. You can follow Adam Grant here. In 1776, Adam Smith famously wrote: “It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.” Economists have run with this insight for hundreds of years, and some…

“That has led to a mind-set in which executives sometimes think of line workers as merely resources…”

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That has led to a mind-set in which executives sometimes think of line workers as merely resources to be tapped at the lowest price. Companies have been able to keep wages low: It’s hard to demand a raise when your colleagues are being laid off or there is a long line of job seekers. Some corporations may have come to view this as a natural state of affairs.

By now, wage income is as low a percentage of gross domestic product as it has been since 1947, while corporate profits are at postwar highs. These are two sides of the same coin. Money that once accrued to workers now goes to shareholders.

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– NYT reports on the trucking industry facing labor problems.

“Boomers refuse to go away.”

“”Boomers refuse to go away.””

– American workers are older than ever.

“Surprisingly, women who engaged in less sexual activity were more likely to be publicly labelled a…”

“Surprisingly, women who engaged in less sexual activity were more likely to be publicly labelled a slut than women who engaged in more sexual activity. This finding made little sense until we realized that college women also used the term as a way to police class boundaries.”

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