People often view wages and prices as separate when, in reality, rising wages can lead to increased prices as businesses seek to recover higher labor costs.
Lots of things coming, one tomorrow, but a quick shot of some striking weather imagery: the water vapor loop of
What the rise of skateboarding, the lithium boom, a spate of research paper retractions, and Canadian real estate tell us about the world.
On airports, snow droughts, the rise in global conflicts, and more.
In this post I examine the actuarial structures of various groups—from Finnish 8-year-olds to Congress—and the implications. It includes an interactive tool I designed to let people play with risk models.
Technology often has unintended consequences that reduce the benefit of the technology itself. I wrote about a variant of this in my posts about Stanley Jevons, but in this note we abstract up a little and talk about revenge effects in more general terms.