Marco Rometo

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Income Inequality

I interview 100,000 people a year, and there are 6 questions that make job candidates stick in my mind

You'll be asked it in almost any interview. And while you may be tempted to sit back and relax during this portion—while the recruiter's put in the hot seat—that's not actually in your best interest.<p>Why? Because this is your final chance to make an awesome impression.<p>My team and I interview around …


Getting Capitalism Wrong - AI Will Reduce Economic Inequality, Not Increase It

We’ve another of those pieces shouting that artificial intelligence is going to overturn the world and thus we need more taxes, more government and even, in this argument from Kai-Fu Lee, more colonialism. It’s not going to work out like this of course, it’s just not going to work out like this at …

Income Inequality

MAPPED: Where US children born into the bottom 20% have the best chance of making it into the top 20%

If you were born in the early 1940s, it was practically a guarantee that you would end up better off than your parents.<p>92% of Americans born in 1940, for instance, went on to move up the socio-economic ladder, according to reporting from NPR. Since the mid-20th century, however, that figure has …

Income Inequality
Bill Gates
Health Care

Brace Yourself For The Coming Economic Transformation

If the average person in the U.S. feels as though they are going nowhere fast, there is a real reason for it.<p>Federal Reserve data shows people are earning less than they did 17 years ago. But the real story is even worse than that.<p>The chart below shows that median income in the U.S. is actually …


The science behind 'killing' a song when you listen to it too much

One minute a song is catchy as hell and all you can listen to for days on end, then suddenly it stops sounding <i>quite</i> so good. You can't put your …

University of Sheffield

Truly Terrible Arguments In Favor Of A $15 Minimum Wage

That I think that the Fight for $15 is a bad idea is reasonably well known. Indeed, so is my insistence that the correct level of the minimum wage is $0 an hour. Something which isn’t that outrageous to be honest as it only aligns me with the New York Times editorial board circa 1987. However, my …


The Last 3 Times This Happened, A U.S. Recession Followed

<b>The “10-2” Yield Spread is Threatening to Go Negative Again</b><p>Many of the economic, market price and sentiment indicators I follow are saying the same thing: a U.S. recession, while not likely imminent, is creeping closer. We have not had one for about a decade, and at least one per decade is very …

Stock Markets

The Dust Bowl Of Our Dreams: Trump's Plans Will Be Blown Away By The Debt Crisis

The Dust Bowl years can serve as a metaphor for what we may be facing economically in the coming months and years: bad government producing high debt …


This is the Republican plot to kill the US corporate income tax as we know it

Donald Trump’s eagerness to pick trade fights is threatening to undermine his own party’s plan to eliminate the corporate income tax. At the very least, it’s unquestionably made it more confusing.<p>Last week, White House press secretary Sean Spicer said Trump wanted to slap a 20% tax on goods …

Donald Trump

Political Polarization in the American Public

How Increasing Ideological Uniformity and Partisan Antipathy Affect Politics, Compromise and Everyday Life<p>Republicans and Democrats are more divided …

Michael Wolff: Trump Win Exposes Media's Smug Failures

Ads don’t work, polls don’t work, celebrities don’t work, media endorsements don’t work and ground games don’t work.<p>The media turned itself into the …

Orrin Hatch

One Of The Five Great Myths Of American Inequality - Redistribution Has Risen

Cato has produced an excellent little report which looks at 5 of the great myths about inequality in America in recent decades. By and large the American rich have made their own money, not inherited it for example. Look at the listings of rich people compiled by this very magazine for examples, …


Economists never imagined negative interest rates — now they're rewriting textbooks

In 1983, when Frederic Mishkin started writing "The Economics of Money, Banking and Financial Markets," his seminal textbook on macroeconomics, he never thought he'd devote much space to the idea of negative interest rates.<p>"A million years no," Mishkin told Business Insider.<p>Negative rates were seen …


Here's the Biggest Thing Holding Back the U.S. Economy

In the days after Sunday night’s town hall brawl, the national discussion unfolded over “who won” the second presidential debate between Hillary …

Presidential Debate

Seven VR predictions from Oculus CEO Brendan Iribe

Room-scale VR, the Rift’s shelf life, and why you’ll still want a fancy PC<p>Oculus announced a surprising amount of VR news at last week’s Connect conference. Its research division teased a new all-in-one headset, parent company Facebook demonstrated some new social features, and most pertinently for …

Virtual Reality

Elizabeth Warren Has Five More Bad Ideas

Some of her views on policies and appointments would harm the people she champions.<p>In return for her full-throated support for Hillary Clinton since the Democratic convention, Senator Elizabeth Warren is signaling that she would push a Clinton presidency to adopt her vision of a progressive …

Social Security

How Colin Kaepernick's Protest Misfired

The football player lost a unique opportunity to help the country understand the nature of police violence.<p>I admire Colin Kaepernick. I admire his courage in doing what he thinks is right even though it could cost him money and perhaps his job. You don’t see that from public figures very often. I …

Political Science
Pocket Books

Deutsche boss: negative interest rates are 'fatal'

Deutsche Bank's chief executive has warned of the "fatal consequences" of the European Central Bank's negative interest rate policy, which he said punished savers and could even undermine the recovery.<p>John Cryan said the ECB's decision to cut its deposit rate to a record low of -0.4pc and an …

6 maps that could change your perspective on the world

We don’t often question the typical world map that hangs on the walls of classrooms — a patchwork of yellow, pink and green that separates the world …

Suez Canal

Joseph Stiglitz: The problem with Europe is the euro

In this extract from his new book, the Nobel prize-winning economist argues that if the euro is not radically rethought, Europe could be condemned to decades of broken dreams<p>Europe, the source of the Enlightenment, the birthplace of modern science, is in crisis. This part of the world, which hosted …


One of the most reliable sources of economic growth—college-educated workers—may be tapped out

Politicians may disagree, but the data suggest our best days are behind us. US GDP grew by a modest 1.2% last quarter, a far cry from the vigorous 3% annual pace that brought prosperity and security for decades.<p>One major structural reason why growth is slowing is that the labor force is shrinking, …

Income Inequality