How One Hedge Fund Killed Chipotle
Finance guys made money while making Chipotle a worse restaurant.
https://www.youtube.com/watch?v=2vibT_eZdD4
Tag: economy
Red-Hot Labor Market, or the Exact Opposite?
Unfortunately, the good jobs number isn’t as good as it seems. Inflation rose more than wages; many of the jobs are low-paying temporary jobs from the World Cup; and many jobs were young people taking care of old people, which while important ethically, don’t increase the productivity of the economy.
https://www.youtube.com/watch?v=PaIIr7y3LN4
Why firms actually underpay their workers
At the lower range of the wage scale, businesses have so much leverage over workers that they can suppress wages under competitive market rates. Because of this, an appropriately priced minimum wage doesn’t hurt employment, and actually increases it because more people are willing to work for that higher wage and they are less likely to quit.
The increase in wages results in higher prices and lower profits. The higher prices do not cancel out the wage growth with inflation because only a minority of the cost of all the goods and services people buy are from people who make near the minimum wage.
https://www.youtube.com/watch?v=rQKDTbLO0fM
Women Are Winning the Jobs Race. The Reason Why Matters.
The workplaces that have grown recently, are ones that tend to employ more women. And, the workplaces that have shrunk, are ones that tend to employ more men.
The big growth happened in private education and health services.
The world has changed. There are fewer traditionally masculine jobs. The culture and politicians glorify these obsolete jobs. This creates a mismatch that leads to bad policy.
Modern farms and factories employ more machines than people. As we get richer, we tend to want more services than hard things.
If we want job growth for men, men will have to do the jobs that are growing. Which they can, but we need to not label these jobs as jobs for women.
https://www.youtube.com/watch?v=DOTzqPEk7oI
Why Fast Food Got So Expensive
McDonald’s is a real estate and big data tech company. It is selling convenience, not cheap food or good food. Its goal is to manipulate the customer to come in and buy profitable items.
https://www.youtube.com/watch?v=hIOW2HKgzPk
Externalities in Theory
Externalities in Theory
https://www.youtube.com/watch?v=bmpZwTUbjjI&list=PLUl4u3cNGP62KS2YhlASvGBxxL8HgB11p&index=3
Why governments can borrow more than they think. Prof. Bezemer
“There is no simple relation between government spending and inflation”
https://www.youtube.com/watch?v=346rx5Mc9Ng
How Ghost Shops Triggered China’s Biggest Food Scandal
Cut-throat competition is supposed to benefit the consumer, but in China, in an effort to lower prices as much as possible, it led to cheating, cutting corners, illegality, and the spread of foodborne illnesses. This food was produced in a manner that would not pass a basic inspection.
https://www.youtube.com/watch?v=vGAQ9uTRX3Q
How Big Tech Became The “Bad Guys”
Some companies use regulations to their advantage. They beat companies that are obeying the spirit of the law, by finding a loophole that absolutely destroys the spirit of the law, but technically, can be argued to follow the rule of the law. Cheating companies have a competitive advantage and the nice guys finish last.
This strategy is aided by weak regulators.
Sometimes this is bad because the regulation fails to prevent the harm it was supposed to stop. Other times it is good because the regulation was preventing new and disruptive ideas from flourishing.
https://www.youtube.com/watch?v=q37yxPUAC24
Why Japan isn’t broke yet
Japan has lots of assets like a massive sovereign wealth fund. When you subtract these assets from their debts, their debt to GDP ratio is 77%, which isn’t that high.
Japan takes money from its people in the form of taxes and then invests in assets like US treasury bonds. Because their currency depreciated over time, their debt has become worth less, while their foreign assets have become worth more.
This has benefited Japan a lot, but may backfire if the Yen goes up, foreign interest rates lower, or Japanese interest rates rise. If Japan has inflation, this could force them to raise interest rates or live with inflation.
https://www.youtube.com/watch?v=hLwSSGM6tzc