Income inequality between generations
“Poorer than their parents” A report from McKinsey Global Institute (MGI) takes a look at household income levels between 2005 and 2014. As expected the financial crisis of 2008 influenced the expected growth levels. Other factors identified by the authors have a cumulative effect on…
Articles, Economics
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Will manufacturing ever leave China? Probably not
The answer has to do with market thickness. Let’s say you have two e-shops, like eBay, one with 100 sellers and the other with 10 sellers. Where do you think you’ll look first? Once a market passes its tipping point, it’s hard to turn the…
Boomerang – Michael Lewis
I remember asking one of my friends about the financial crisis of 2008 as it was happening. She was doing a PhD in Economics at that time and I asked if she knew what the crises is about and how to fix it. She…