September 2009
10 posts
Sticky Wage Theory →
Most companies have evidently decided that pay cuts aren’t worth the downside. Economists refer to this phenomenon as the sticky-wage theory, and it seems to have survived the Great Recession.
The theory holds that executives of companies don’t cut pay, even when demand for labor has fallen. They worry that employees will become less motivated or start looking for another job, says Laury...
Investment Deficit Disorder
ONE GOOD WAY TO UNDERSTAND the current growth slowdown is to think of the debt-fueled consumer-spending spree of the past 20 years as a symbol of an even larger problem. As a country we have been spending too much on the present and not enough on the future. We have been consuming rather than investing. We’re suffering from investment-deficit disorder.
You can find examples of this disorder in...
Gotcha! Why Online Anonymity May Be Fading →
caterpillarcowboy:
infoneernet:
Author Andrew Keen, who wrote a book about how blogs and user-generated Web sites are destroying the culture, says those who want to remain anonymous are increasingly being “marginalized” online. On sites like Twitter, he adds, anonymous users who are indiscriminately nasty rarely accumulate many followers.
“In the future, I think there will be pockets of...
