Laca

Top comment excerpt: “2bn people live on less than $2.00 per day. They don’t have food let alone anything to use AI on. A further 4bn live on $2- $8/ day.”

I saw this visualisation last week and it genuinely changed how I think about where we are with AI... Each dot represents 3.2 million people. 2,500 dots for 8.1 billion humans. The colour shows… ... I saw this visualisation last week and it genuinely changed how I think about where we are with AI... Each dot represents 3.2 million people. 2,500 dots for 8.1 billion humans. The colour shows t...

Tell me you are out of touch without telling me you are out of touch

(Top comment nails it!)

www.linkedin.com/posts/steven...

Did you know that if the price of an uber/lyft doubles, the payment to the driver doesn’t increase nearly as much?

Uber/lyft are just squeezing you, and using the “there is high demand so we need to increase prices to get more drivers” so that you are willing to pay.
#econsky

Not everything should be “solved” with a pill

The best books of 2024, as chosen by The Economist
www.economist.com/culture/2024...

Impressive!

And this is why Apple can charge outrageous prices

Amazing! Thanks for sharing 🙏

We often forget how many aspects of life have dramatically improved in recent history

It’s always reassuring to see proof that incentives still incentivize people #econsky

Tell me about network effects without telling me about network effects
#econsky

Chart showing the proportion of employed working-age adults in part-time work or solo self-employment: GB/UK

Workers in low-to-middle income households are much more likely to be solo self-employed than their high-income counterparts.

But solo self-employment is more precarious: workers in this category are more likely to be underemployed and typically have lower earnings than employees.

Where You Grow Up Can Affect Your Future The new Opportunity Atlas shows which neighborhoods offer children the best chances of climbing the income ladder later in life.

Good question. This could be a good starting point: www.census.gov/library/stor...

It would be interesting to see if the effect is smaller in places with more social mobility #econsky

This is great! Could I please be added?

This is awesome! Could I please be added? 🙏

Long episode but totally worth it. Also a lesson in applied economics. #econsky open.spotify.com/episode/6S1z...

Principles of economics, translated YouTube video by Yoram Bauman

Remembering this oldie but goodie youtu.be/VVp8UGjECt4?...
(can’t believe this was posted 17 years ago… damn) #econsky

Indeed. Perhaps the cost-benefit of being married hasn’t changed much, while the calculation for having kids has - it became so expensive

Bluesky’s starter packs are *genius*

Acemoglu's take on the macro impact of AI: not that much?