you know that there’s a lot of consumer surplus. So the way an economist might think about it is, well, they could have been working and making their hourly wage. Instead they’re doing something they like. Another way you would measure consumer surplus ofPokémon Gois that people do re...
For example, Amazon, which has more than 750,000 hourly US employees, spent at least $4.3 million on consultants, according to Marketplace. That’s roughly equivalent to $5.73 per employee, which is not even a rounding error given Amazon’s roughly $470 billion in revenues last year....
All communication begins with the sender and ends with the receiver. The sender is responsible for successful conveyance. The sender's personality, beliefs, cultural and educational background all influence the message and it is important for the sender to be aware of this as he or she is enco...
This is my favorite. Look, we have all been guilty (including me) of spending a bunch of time explaining why we don't have time to do the things we actually need to do. As in, write a big long e-mail that takes60 minutes to write saying why we don't have 30 minutes freeto se...
trawling the cabinets for alcohol. My emotional life looks a lot like this these days. I suspect it does for many parents—a high-amplitude, high-frequency sine curve along which we get the privilege of doing hourly surfs. Yet it’s something most of us choose. Indeed, it’s something ...