Make a product, don’t be the product

 

….humanity was spending 39,757 collective years on [Facebook], every single day. Jonathan Taplin points out that this is ‘almost fifteen million years of free labour per year’. That was back when it had a mere 1.23 billion users.

Source: you are the product

3 day’s Facebook activity = a new set of Pyramids at Giza

Advertisements

Nature of the firm

A fundamental change over the 20th century, paraphrased from a Paul Graham article:

In the early 20th century, big companies were synonymous with efficiency, as compared to delivering a product using a network of cooperating companies.

Today computers enable far easier coordination, reducing the transaction costs that Coase argued are the raison d’etre of corporations.

Peak worker

The ratio of global worker:dependant has passed a local maximum:

Percentage Population Working Age

source

BBC’s misleading Tax Credit graphic

The BBC currently use this graphic in Tax Credit articles:

Tax Credit Impact Chart by BBC

The middle-earning couple are NOT better off due to changes in the Tax Credit system, it has no impact on them whatsoever, so the chart title is deliberately misleading.

The low earning single parent needs to do an extra 20 minutes of work per day to avoid being worse off financially (that’s merely an observation of the mathematics, not a suggestion or endorsement of the policy change).

Give me some sugar

Can you see what is wrong with this graph?

sugar consumption per person uk

Read more of this post

A couple of stats

I went to a brunch briefing recently, titled ” The Future of Europe: An Investor’s Guide” where I was especially impressed with one of the panelists, Louise Cooper. A couple of her observations struck me:

  • The effective average retirement age in France is 59; in Japan it is 69
  • £100 invested into the FTSE 100 in 1984 would be £1,500 in 2014. However, if the money was only kept in the market on the up days, it would be worth £124tr now. So take with a pinch of salt claims of being able to time the market.

Peak online dating

According to several sites, today, the first Sunday in January, is the busiest of the year in online dating.

If you’re a guy, use a profile picture where you look away from the camera and don’t smile:

Male dating profile picture advice

If you’re female, “selfie above the head” shots are best:

myspace2 myspace1

Or have a bed in the background. Men are like that.

source