Tuesday morning post long weekend news drop
For many workers, raises today don’t make up for years of wage stagnation Even as retail and hospitality workers see pay hikes, they’re often not enough to offset rising prices and years of low pay. (Fast Company)
How The Big Short Turned Into The Big Long. It was the biggest recession in a generation. We had two 50% crashes within the span of a decade. This triggers the recency bias (giving greater importance to more recent events) and the availability bias (overestimating an event that had a profound impact on us). Many households and companies were ruined by the financial crisis. Those scars run deep. (A Wealth of Common Sense)
‘Forever Changed’: CEOs Are Dooming Business Travel — Maybe for Good A Bloomberg survey of 45 large companies in the U.S., Europe and Asia shows that 84% plan to spend less on travel post-pandemic. (Bloomberg)
The Secret to Happiness at Work Your job doesn’t have to represent the most prestigious use of your potential. It just needs to be rewarding. (The Atlantic)
Americans Don’t Want to Return to Low Wage Jobs Pre-Covid-19, the U.S. economy was incredibly dependent on an abundance of low-wage, low-hours jobs. It yielded low prices for comfortably middle-class and wealthier customers and low labor costs for bosses, but spectacularly low incomes for tens of millions of others. (New York Times)
Bitcoin Uses More Electricity Than Many Countries. How Is That Possible? Cryptocurrencies have emerged as one of the most captivating, yet head-scratching, investments in the world. They soar in value. They crash. They’ll change the world, their fans claim, by displacing traditional currencies like the dollar, rupee or ruble. They’re named after dog memes. And in the process of simply existing, cryptocurrencies like Bitcoin, one of the most popular, use astonishing amounts of electricity. (New York Times)
The Conservative Justices’ Reasoning in the Texas Abortion Case Is Legal Mansplaining It’s almost impossible to not go one further and declare that the court opted to end virtually all abortion rights in Texas, in the full knowledge that they were blessing an unconstitutional and brutal piece of lawless vigilantism, because it’s only about women. (Slate)
The Surfside Condo Was Flawed and Failing. Here’s a Look Inside. How faulty design and construction could have contributed to the collapse of the building in South Florida. (New York Times)
All the Biggest Environmental Risks Facing the World’s Biggest Cities From landslides and extreme heat to insect infestations and airborne diseases, these are the most worrying hazards in urban areas with more than 1 million people. (BusinessWeek)
Why Facebook Won’t Stop Pushing Propaganda Vaccine disinformation. The Big Lie. The hate poisoning your community. It all goes back to Mark Zuckerberg’s business model. (Mother Jones)
The Joe Rogan COVID Experience Is Following Its Deranged, Destined Course: Just asking questions, never learning a single thing. He has surfaced illiterate observations on how otherwise healthy young people might not need to take the COVID-19 vaccines. There’s a whiff of inevitability to be found in Rogan’s admission that he contracted COVID-19 after performing a bunch of stand-up shows in Florida last month— one of the literal worst times to perform comedy shows in Florida. (Slate)
The Million-Dollar Nose: With his stubborn disregard for the hierarchy of wines, Robert Parker, the straight-talking American wine critic, is revolutionizing the industry — and teaching the French wine establishment some lessons it would rather not learn. (The Atlantic)
Beyoncé’s Evolution After more than two decades in the spotlight, Beyoncé has become much more than a pop icon. She’s a cultural force who has routinely defied expectations and transformed the way we understand the power of art to change how we see ourselves and each other. But at 40, she feels like she’s just scratched the surface. (Harper’s Bazaar)