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institution the american enterprise institute where i work or a senator s office it amounts to career assistance for rich smart children those from the middle and working class struggling to pay for college can t afford to work for free internships pave the way for children to move seamlessly from their privileged upbringings to privileged careers without ever holding a job that is boring or physically demanding so let the labor unions win this one if you are not a religious organization and have more than 10 employees the minimum wage law should apply to anyone who shows up for work every day you can find the rest of his proposed reforms here comments off on on the internship situation posted in jeff jason fried on office and work posted on march 11 2012 by jly comments off on jason fried on office and work c0 founder of 37 signals jason fried provides an interesting ted talk on the office environment and productivity comments off on jason fried on office and work posted in andy jeff please please win meow meow meow posted on march 9 2012 by abwhitford comments off on please please win meow meow meow it s major league soccer opening weekend comments off on please please win meow meow meow posted in andy pop culture on career lotteries plan b s and declining reasonable opportunities posted on february 27 2012 by jly comments off on on career lotteries plan b s and declining reasonable opportunities office space is not really about the mailroom per se but it s a great movie the ny times sunday magazine carries an intriguing story by adam davidson why are harvard graduates in the mailroom of course the idea is that the company mailroom is where one goes from low on the ladder to eventually get a shot at big dreams of success this theme is made famous by film and tv but i ve never known anyone who actually worked in one probably because i ve never really lived in a big city such as la or nyc he discusses that which is often not discussed in friendly company employment represents a distinct set of opportunities choices risks and rewards and that s just the start of it there are a number of professions in which workers are paid in part with a figurative lottery ticket the worker accepts a lower paying job in exchange for a slim but real chance of a large future payday and then this system is unfair and arbitrary and often takes advantage of many people who don t really have a shot at the big prize but it is far preferable to the parts of our economy where there are no big prizes waiting that mailroom clerk at warner brothers may make less than a post office clerk maybe even half as much but the latter has less chance of a significant promotion workers in retail sales clerical settings low skill manufacturing and other fields tend to have loose uncommitted bonds to their industries and their employers have even looser commitments to them these jobs don t offer a bright future precisely because they don t require a huge amount of skill and therefore there s no need to do much merit sorting that last part may yield some ire in people i don t think that he means that people in these jobs don t work hard or have skill but rather that such jobs are readily available if you dislike a particular job then you can quit it and find a similar one quickly hence there is less personal investment and accordingly little long term opportunity payoff even if it s just a lottery or at least that used to be the case now such jobs have become more scarce but even more scarce are the jobs that used to populate america the solid plan b jobs although i find that an odd way to portray them i ll let davidson explain but part of the american post world war ii economic miracle was that most people didn t have to choose between a high stakes lottery job or a lousy dead end one steelworkers midlevel corporate executives shopkeepers and plumbers were all able to make a decent amount from the start of their careers with steady but never spectacular raises throughout these two tiers actually supported each other strivers were able to dream bigger because they had a solid plan b new york city and los angeles are buoyed by teachers store owners arts administrators and others who came to town to make it big in film or music or publishing eventually gave up on that dream and ended up doing fine in another field i don t think that davidson is in any way denigrating these good careers that are rapidly disappearing but rather sees them as an excellent opportunities for people who go for it be it to become famous or rich through business building and don t make it his point seems to be that without such fall back positions people are less inclined to take significant chances and foster innovation thus the economy finds itself in a self perpetuating downward spiral we become a nation of lottery players and the people who serve those players some eventual winners and some losers their coffee or ring up their merchandise at the store you can check out the rest of the story here comments off on on career lotteries plan b s and declining reasonable opportunities posted in uncategorized electing scientists posted on february 16 2012 by jly comments off on electing scientists the times has an interesting story today about the relative lack of scientists in america s elected offices especially the executive among the 435 members of the house for example there are one physicist one chemist one microbiologist six engineers and nearly two dozen representatives with medical training the case of doctors and the body politic is telling everyone knows roughly what doctors do and so those with medical backgrounds escape the anti intellectual charge of irrelevance often thrown at those in the hard sciences witness senator bill frist gov howard dean and even ron paul continue reading comments off on electing scientists posted in uncategorized the gatsby curve posted on january 16 2012 by jly comments off on the gatsby curve paul krugman relays some of the work of his colleague alan krueger on inequality and social mobility with the graph below first a little context on the horizontal axis is the gini coefficient a measure of inequality on the vertical axis is the intergenerational elasticity of income how much a 1 percent rise in your father s income affects your expected income the higher this number the lower is social mobility what would daisy buchanan say i m guessing that the movie version will be a disappointment check out more here and here comments off on the gatsby curve posted in jeff new year help study provides key for losing weight posted on january 6 2012 by jly comments off on new year help study provides key for losing weight the situationists blog details an interesting study on losing weight that has little to do with counting calories or carbs per se apparently it s all in your head here s an excerpt continue reading comments off on new year help study provides key for losing weight posted in jeff what if members of congress performed an occupy wall street protest posted on december 30 2011 by jly comments off on what if members of congress performed an occupy wall street protest according to this graphic from mother jones the turnout wouldn t be that great for a 99 movement at least if we assume that the top 10 have loyalties upward h t buzzfeed comments off on what if members of congress performed an occupy wall street protest posted in uncategorized louis ck a new business model posted on december 15 2011 by jly comments off on louis ck a new business model comedian and actor louis ck made news recently by passing big corporate america and selling a recent stand up performance video directly to fans for 5 a download his video was not encrypted and he relies on the fans to pay for the download rather than getting free pirated versions it s a strategy reminiscent of the approach used by the band radio head some years ago they basically allowed a technically free download but asked downloaders to pay what they felt was a fair price both experiments seem to have gone well but critics point out that such approaches may have limitations for instance both louis ck and radio head are established acts and enjoyed the ability to market their product rather cheaply time will tell if these experiments have an impact on the entertainment industry you can check out the louis ck offering here caution his material is decidedly r rated comments off on louis ck a new business model posted in jeff law pop culture how professions rate surprises posted on december 14 2011 by jly comments off on how professions rate surprises some of these gallup poll results outlined in the ny times may surprise you but most seem pretty predictable continue reading comments off on how professions rate surprises posted in jeff the judge and the sec posted on december 4 2011 by jly comments off on the judge and the sec see the article in the atlantic wire here a money quote from the judge in much of the world propaganda reigns and truth is confined to secretive fearful whispers even in our nation apologists for suppressing or obscuring the truth may always be found but the s e c of all agencies has a duty inherent in its statutory mission to see that the truth emerges and if fails to do so this court must not in the name of deference or convenience grant judicial enforcement to the agency s contrivances comments off on the judge and the sec posted in jeff law policy politics on unconscious effects in decisions posted on november 30 2011 by jly comments off on on unconscious effects in decisions a recently posted paper on ssrn caught my eye unconscious influences on judicial decision making the illusion of objectivity by john irwin and daniel real here s an excerpt continue reading comments off on on unconscious effects in decisions posted in jeff insider deals for members of congress posted on november 15 2011 by jly comments off on insider deals for members of congress see it on 60 minutes via boing boing here comments off on insider deals for members of congress posted in jeff history of veterans day posted on november 12 2011 by jly comments off on history of veterans day soldiers of the 353rd infantry near a church at stenay meuse in france wait for the end of hostilities from the department of veterans affairs website world war i known at the time as the great war officially ended when the treaty of versailles was signed on june 28 1919 in the palace of versailles outside the town of versailles france however fighting ceased seven months earlier when an armistice or temporary cessation of hostilities between the allied nations and germany went into effect on the eleventh hour of the eleventh day of the eleventh month for that reason november 11 1918 is generally regarded as the end of the war to end all wars in november 1919 president wilson proclaimed november 11 as the first commemoration of armistice day with the following words to us in america the reflections of armistice day will be filled with solemn pride in the heroism of those who died in the country s service and with gratitude for the victory both because of the thing from which it has freed us and because of the opportunity it has given america to show her sympathy with peace and justice in the councils of the nations see the rest here comments off on history of veterans day posted in jeff envy of the rich or simply calling out cheaters posted on october 27 2011 by jly comments off on envy of the rich or simply calling out cheaters matt taibbi has what i consider one of the better treatments on ows in a recent article in rolling stone wall street isn t winning it s cheating it s one of the few pieces i ve seen that has included discussion of the underlying problems at play in wall street here s video of him discussing the same topic on cnn and here s a excerpt from the article continue reading comments off on envy of the rich or simply calling out cheaters posted in jeff law policy politics on practice ready and the future of legal education posted on october 25 2011 by jly comments off on on practice ready and the future of legal education i ran across an interesting article today on the meaning of practice ready and what that means with regard to the education of law students here s an excerpt continue reading comments off on on practice ready and the future of legal education posted in courts jeff law methods that robert reich can draw really well posted on october 13 2011 by jly comments off on that robert reich can draw really well here s robert reich below addressing the economy in just a couple minutes with the aid of a magic marker and poster boards you can check out the rest of the story here h t jl comments off on that robert reich can draw really well posted in jeff a tribute to garages posted on october 7 2011 by jly comments off on a tribute to garages and this is where google was born yes one thing that some people may not know about the late steve jobs is that he and steve wozniak started apple inc out of his parent s garage indeed a lot of great business were started that way and nearly every good band ever check out a cool listing of the garage origins of some businesses on history com comments off on a tribute to garages posted in jeff reagan on tax loopholes and millionaires posted on october 4 2011 by jly comments off on reagan on tax loopholes and millionaires h t j lax comments off on reagan on tax loopholes and millionaires posted in jeff a tv show about anonymous internet commenters posted on october 3 2011 by jly comments off on a tv show about anonymous internet commenters and why they are generally horrible sigh if only this was a real show well done saturday night live well done enjoy http www hulu com watch 284937 saturday night live internet comments talk show s p1 sr i1 comments off on a tv show about anonymous internet commenters posted in jeff where the black swans hide getting a grip on market outliers posted on october 1 2011 by jly comments off on where the black swans hide getting a grip on market outliers mebane faber cambria investment management has posted an intriguing paper on the social science research network titled where the black swans hide the ten best days myth here s the abstract continue reading comments off on where the black swans hide getting a grip on market outliers posted in jeff this just in blogs beat congress barely posted on september 15 2011 by jly comments off on this just in blogs beat congress barely according to a recent poll people have more confidence in blogs than in congress but only by a bit and both are at the bottom of the institutional pile with regard to public confidence see the post on volokh conspiracy here and the table below continue reading comments off on this just in blogs beat congress barely posted in jeff for the american economy and for many other developed economies the elephant in the room is the amount of money paid to bankers over the...
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