Wednesday, June 3, 2015

What I have learned today [2015/6/2]


1. Indian pilots are flying after sitting only 35 minutes in the co-pilot seat. Ok, time to take trains....

2. Young banker kills himself. This is really sad...seeing a young and bright person kill himself. Banking has improve conditions but one must realize that banking and super sadistic hours are not for everyone...

3. Amazon turns its boxes into ads.

4. Companies are filing multiple H1Bs to increase the chance of sponsoring their foreign workers. The US should really reform the work visa because it is really a deadweight loss. They should auction the visas, benefiting all parties.

5. Affordable housing is still difficult in America. However, we should ask whether the money for affordable housing can be better used to help the poor. For instance, would giving the money to subsidize affordable housing be better used if we gave the poor education or transportation vouchers?

6. Flexible shifts is wrecking low wage workers' lives. Firms should not abuse its workers by last minute calls or cancellations. However, given the pressure of competition, I don't see the situation improving. If they try to make the schedule more rigid then firms may replace the workers with automation. I believe that we should all try to help the low wage workers gain new skills.

7. There is lack of women in economics. I strongly believe that we should have more female economists. It would be great if we could expose students to economics at a young age.




*From Snapshot Sergenti

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