Economic Way of Thinking

Despite the lives saved, a University of Michigan health economist said the study is not a retroactive endorsement of the COVID-19 lockdowns.

Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. This suggests that higher incomes may still have potential to improve people’s day-to-day well-being, rather than having already reached a plateau for many people in wealthy countries. Data aggregated by income level have been deposited in OSF (https://osf.io/nguwz/) ([23][1]). Granular data are stored in a repository and are available to qualified researchers who wish to verify or extend the claims of this paper; contact the author for access information. March 25, 2021: The Data Availability section has been updated. [1]: #ref-23

Child-development researchers are asking whether the pandemic is shaping brains and behaviour.

Young developers on the platform used by many millions of children claim they have been financially exploited, threatened with dismissal and sexually harassed

Look no further than Novak Djokovic, whose career is on the verge of being derailed because he is unvaxed.

(Cross-posted from my blog) The other day I made an advice thread based on Jacobian’s from last year! If you know a source for one of these, shout and I’ll edit it in. Possessions 1. If you want to find out about people’s opinions on a product, google product reddit. You’ll get real people arguing, as compared to the SEO’d Google results. 2. Some banks charge you $20 a month for an account, others charge you 0. If you’re with one of the former, have a good explanation for what those $20 are buying. 3. Things you use for a significant fraction of your life (bed: 1/3rd, office-chair: 1/4th) are worth investing in. 4. “Where is the good knife?” If you’re looking for your good X, you have bad Xs. Throw those out. 5. If your work is done on a computer, get a second monitor. Less time navigating between windows means more time for thinking. 6. Establish clear rules about when to throw out old junk. Once clear rules are established, junk will probably cease to be a problem. This is because any rule would be superior to our implicit rules (“keep this broken stereo for five years in case I learn how to fix it”). 7. Don’t buy CDs for people. They have Spotify. Buy them merch from a band they like instead. It’s more personal and the band gets more money. 8. When buying things, time and money trade-off against each other. If you’re low on money, take more time to find deals. If you’re low on time, stop looking for great deals and just buy things quickly online. Cooking 9. Steeping minutes: Green at 3, black at 4, herbal at 5. Good tea is that simple! 10. Food actually can be both cheap, healthy, tasty, and relatively quick to prepare. All it requires is a few hours one day to prepare many meals for the week. 11. Cooking pollutes the air. Opening windows for a few minutes after cooking can dramatically improve air quality. 12. Food taste can be made much more exciting through simple seasoning. It’s also an opportunity for expression. Buy a few herbs and spi

No wonder Albert Einstein labeled compound interest the “eighth wonder of the world.”

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United Van Lines 45th Annual National Movers Study tracks customers' migration patterns over the past year. See the study, interactive map and press kit.

The fascinating history behind why students today are still eating square pizzas, crinkle fries, and cartons of milk.

Let Kelley Blue Book help you understand a car's 5-year cost to own beyond its purchase price when you consider out-of-pocket expenses like fuel and insurance, plus the car's loss in value over time (depreciation).

In today's fast-paced market, companies have to be innovative constantly. Here’s a look at the top 50 most innovative companies in 2021.

Canadian big business is so low-tech, and so uninterested in productivity growth, that Canadian competitiveness suffers as a result.

Musk said in an interview that more social spending would just add to the already sky-high federal deficit.

Just one-in-six Michigan voters thinks the state has a long-term strategy for attracting new jobs and business investment.About 71 percent of Michigan voters believe job-creation policy depends on who's in office, according to a new statewide poll commissioned by Business Leaders for Michigan.In…

Amazon's use of Alexa as a wake word for its voice assistant turned the name into a command, impacting daily interactions for people with the name, myself included.

Nature - What we eat needs to be nutritious and sustainable. Researchers are trying to figure out what that looks like around the world.

Data visualization of the world biggest data breaches, leaks and hacks. Constantly updated. Powered by VizSweet.

Citing the high costs associated with Covid illnesses, a growing number of employers are telling employees who decline to be vaccinated to pay up.

While Larry Bell maintains that his patrons won’t see any noticeable changes after the planned sale of his Bell’s Brewery Inc. to the parent company of New Belgium Brewing Co., the two like-minded bre...

GM sees some improvement in the chips supply, but still has to remove heated seats and steering. Here's what dealers say about it.

50 Years of Productivity Gains     To hear an audio spoken word version of this post, click here.   There has been lots of ink spilled on the dangers of rising wages as a source of inflation. The problem with focusing on input costs is that it is incomplete. To fully understand the wage and labor…Read More

Apps like Branch and DailyPay give workers the option to tap their wages just moments after finishing their shift.

Months-long silences. Mysterious rejections. Here’s what's behind the shortages of a critical tool for ending the pandemic.

Let this stuffed giraffe explain

The US has more jobs than it can fill. Fixing the immigration system could boost the economy.

Pfizer Inc on Tuesday said it expected 2021 sales of the COVID-19 vaccine it developed with German partner BioNTech SE to reach $36 billion and forecast another $29 billion from the shot in 2022, topping analyst estimates for both years.

Does Recycling Actually Help? Green Tyranny: Recycling Enjoy this video? You can access many more resources like quizzes, teacher's guides, and free DVDs when you register! It will take you less than two minutes, and best of all: it's FREE!

By now, you've heard the news that Michigan lost out to Kentucky and Tennessee on an $11.4 billion investment from Ford Motor Co. to build new electric vehicle facilities.To say the decision stung is an understatement. Ford is part of Michigan's DNA and to see a significant future investment go…