How McKinsey Destroyed The Middle Class
Consultants seek to legitimate both the job cuts and the explosion of elite pay. Rather than simply improving management, to make American corporations lean and fit, they fostered hierarchy, making management, in David Gordon’s memorable phrase, “fat and mean.”
The Dictatorship Of Data
Big data is poised to transform society. Yet big data also exacerbates a very old problem: relying on the numbers when they are far more fallible than we think. Nothing underscores the consequences of data analysis gone awry more than the story of Robert McNamara.
How Chronic Renters Are Reshaping The Homeware Industry
It is clear that millennials and Gen Z are now renting at record rates, yet the appetite to make a house a home remains equally high. Young people are increasingly finding more temporary solutions to the challenge of making a rental home Instagram worthy without falling foul of their landlords.
Rubber Tires — A Dirty Business
The booming global tire market is worth billions – but this comes at a high price, both to humans and the environment. Over 50 million car tires are sold each year in Germany alone. But where does the natural rubber for them come from?
Why You Spend So Much Money At IKEA
IKEA’s “aesthetic per dollar” ratio is very high, says neuromarketer and author of “The Buying Brain” Dr. A. K. Pradeep. Ikea’s affordable style is its “category-busting-metric,” or what makes it stand out from all the other brands in that space, he says.
The Rise And Fall Of Delia’s, The Catalog That Ruled America
For a few years around the millennium, Delia’s and its direct-to-consumer catalogs were the hottest brand in the country. It was a glimpse of things to come. At its peak, 55 million copies were sent out to girls across the country every year.
“A Lot Of Us Are Suffering”: The Dark Side Of The Flight Attendant Lifestyle
The dizzying highs of the airborne lifestyle can come with a side of abject lows, including poor mental health, sleep disorders, and substance abuse issues. Those factors compound, with crew members sometimes resorting to alcohol and prescription drugs to combat sleeplessness or anxiety.
Buying Organic Veggies At The Supermarket Is A Waste Of Money
It has happened to all of us. You’re standing in the produce aisle, just trying to buy some zucchini, when you face the inevitable choice: Organic or regular? Is it worth the extra money? The answer: Probably not.
How Migration Could Make The World Richer
Many of the recent political shifts in the West—the election of Donald Trump, the rise of populism in Europe and Brexit—can be partially attributed to the fear of mass migration. Yet increasing migration is one of the quickest ways to make the world richer.
The Small Virginia Town Where Drone Deliveries Have Begun For Real
Wing, a subsidiary of Google, chose Christiansburg (population 22,500) as its first launching site for American commercial drone delivery operations — it’s also testing in Australia and Finland — not only because of the relatively flat terrain and low population density, but because of nearby Virginia Tech University.
The Inevitable Decade Of Marvel
On July 21, 2019, ‘Avengers: Endgame’ became the highest-grossing film ever, on its way to adding nearly $2.8 billion to the Marvel Cinematic Universe’s $22.5 billion global box office total. The 2010s were defined by this superhero takeover—though the plans for it were laid even before the decade began.
Mapping America’s Stark Wage Inequality
One of the most important economic stories of the past couple of decades is the rise of economic inequality in the United States and around the world. Since 1980, economists say, wage growth for the highest-paid workers has been roughly triple that for the lowest paid. In some cities, the disparity is wider.
Nashville Wants To Be The Next Austin, But Tennessee Won’t Make It Easy
The city has sought to position itself as more affordable but no less hip than Austin, Denver, or Portland, Ore. Business interests in the state capital have held off a slew of anti-LGBT bills that seemed poised to become law.
Will The Boomers Cause A Financial Bust?
It’s the baby boomers who won the generational lottery, and they now appear to want their children and grandchildren to cover their low taxes and rising health care costs.
How New Balance Stumbled, Then Soared To The Top Of The Streetwear Game
With a separate license in Europe and a factory in Flimby, United Kingdom, New Balance has had the attention of sneakerheads abroad for more than a decade and a half. In the United States, however, where the brand was founded in 1906, it hasn’t enjoyed the same youthful appeal.
This Company Hired Anyone Who Applied. Now It’s Starting A Movement
Greyston Bakery uses a practice of open hiring: filling positions on a first-come, first-served basis, no questions asked. Now it wants to teach other companies how to do the same. Open hiring creates a pipeline for careers on the bakery’s manufacturing floor and throughout the rest of the company’s operations.
How All Our Tech Heroes Turned Into Tech Villains
Tech giants and their leaders have come to dominate public discourse in a way that few other industries have. They’ve unleashed products that are basically indispensable in modern life. Mark Zuckerberg, Jeff Bezos, and Elizabeth Holmes all promised game-changing improvements on American life. What happened?
The Ever-Growing Car: Why Do They Keep Getting Wider?
We all know cars getting bigger and heavier. Most of us know why they are getting bigger, too. To comply with today’s stringent crash regulations – by passing offset, side and roof impact tests, as well as those evaluating pedestrian protection performance – cars require considerable cubic metres of controllably crushable bodywork.
How The Government Came To Decide The Color Of Your Food
Tomatoes are red, margarine is yellow, and oranges, are, well, orange. We expect certain foods to be in certain colors. What we don’t realize is that these colors are not necessarily a product of nature but rather of historical controversies and deliberate decisions by various actors—including the government.
The Great Wall Street Housing Grab
Wall Street’s latest real estate grab has ballooned to roughly $60 billion, representing hundreds of thousands of properties. In some communities, it has fundamentally altered housing ecosystems in ways we’re only now beginning to understand, fueling a housing recovery without a homeowner recovery.
If Everyone Hates Spirit Airlines, How Is It Making So Much Money?
Spirit borrowed the unbundling model from Ryanair and AirAsia. Instead of thinking of a flight as a means of getting from point A to point B plus a certain set of extras and amenities built into the ticket price, an unbundled fare promised nothing more than the get-you-from-A-to-B part. Everything else would cost extra.