I really enjoyed this article in The Economist on the astonishing increase in textbook prices relative to the consumer price index, so I decided to investigate some other items. Food and apparel both had interesting results, so here are the graphs! These use CPI for all urban consumers, and the data are seasonally adjusted. Data source: http://www.bls.gov/cpi/data.htm
Or do they? Millennials want to work on their own terms—without a bad boss micromanaging their every move.
Interesting enough article about the Millennial mindset.
This is an awesome piece. Put down your phones, people!
Pretty damn funny. And true.
YOUR FRIENDS ARE LIARS—THIS VIDEO SHOWS THE REALITY BEHIND FACEBOOK STATUS UPDATES
Businesses are looking more critically at social media. A majority of respondents to this Gallup survey said that social media had no influence on purchasing decisions.
For all these companies, the key selling point is “disruption,” one of the tech industry’s worst buzzwords. The companies argue that they’re upending existing ways of doing business — hailing a taxi, with Uber, or finding lodging, with Airbnb — and given the sizes of the businesses they’re supposedly disrupting, the sky’s the limit when it comes their value. But is Uber, which was founded five years ago, really worth $17 billion? My answer, as I hope to detail below, is only if we make some big assumptions about the taxi market and Uber’s place in it.
Perhaps more revealing is how unemployed people in Mark’s demographic filled the rest of that extra time. They spent about five hours a day watching television and playing games, two and a half hours more than their employed counterparts. They spent about 45 minutes a day working out, versus about half an hour for the employed, and they got 40 more minutes of sleep, for a total of nearly 10 hours a night. They also spent half an hour more per day in class working toward a degree or certificate.6 But despite the extra free time, they reported spending less time relaxing, watching and playing sports, and eating and drinking. (An important conceptual note: These figures are based on the average amount of time spent on each activity by all members of the group, regardless of whether they participated in the activity at all. So if one person spends an hour in class and another doesn’t go to class at all, their average time spent in class will be half an hour. Where relevant, I’ve included more detailed breakdowns in the footnotes.)