Dating for millennials is getting harder for 3 reasons, all taking root in the same phenomenon: abundance.
Abundance is transforming the nature of dating from a social activity to a market of goods with its own rules and economy.
Economics teaches us that when the volume of a product increases, the (estimated) value of these goods declines (1).
Since the cost of acquiring the good is lower, consumers are both less willing to make efforts to acquire it (2) and to subsequently maintain it (2).
Furthermore, as they are offered more choices, consumers’ standards, and expectations regarding the product rise (3). …
Guillaume Rozier is a 24-yeard old computer science student from France.
Early March 2020, as we weren’t yet speaking of lockdowns, Guillaume looked at the COVID-19 tracking website made by Johns Hopkins University.
With the data, he made a graph of France’s evolution of cases and compared it to the evolution of cases in Italy. Doing so, he realized that France was only 10 days behind its transalpine neighbor and that cases were about to explode.
Worried, he distributed the graph to his family and friends and realized they were very interested. …
Elon Musk and his $182,5 billion, Jeff Bezos and his $182,3 billion Bernard Arnault and his $145 billion, and Bill Gates and his $120 billion may make your head spin considering the enormous wealth they own.
However, when compared to the net worth of the richest man that ever walked the planet, their wealth appears ridiculous — and become by the same token, much more attainable.
In this article, we’ll put wealth in perspective to help you realize that whatever fortune you wish to acquire is probably not a lot of money when compared to the wealth that already exists.
To do so, we’ll compare Elon Musk’s net worth to the net worth of the richest man that has ever lived. …
Free walking tours are an economic paradox. They’re free, but the people organizing them manage to make money anyway. How?
If you have been on a free tour, you know that they are not really free.
Free tours rest on their customers’ honesty and generosity to make a living. The guides work solely on tips. As such, their income is irregular and non-guaranteed. Similarly, the barriers to becoming a free tour guide are non-existent.
A light schedule, easy money, and a job practiced outdoor attracted thousands of freelancers that became free tour guides. Fierce competition duly followed. …
As I was nearing the end of my second master’s degree, I understood I’d have to choose a skill to learn and excel at if I hoped to earn a living other than through having an office job.
I looked at all the options out there: I wasn’t super visually creative, so I let a graphic design go. One of my best friends was a computer scientist, so I considered learning to code but didn’t make it past HTML (which isn’t even coded anyway).
Later on, I found out that there was a shortage of about 500 000 data scientists in Europe. As I browsed for articles about the field of data science, I found out many of them were quitting their jobs in high numbers. …
It was summer 2018 and my phone, an old Motorola G-something, had broken down. After taking it to five different repair shops, one old guy in his small corner-street shop accepted to have a look at it.
“Mmh, I see,” he mumbled. “It will be complicated, so I’ll cut you a deal. If I manage to repair it, I will charge you 25 euros. If I don’t, I won’t charge you anything.”
I accepted. After one hour, some swear words, and the use of a welding machine, my phone was repaired.
I said thank you, paid 25 euros, and left with one of the greatest marketing lessons I have ever learned. The art of making an offer your customer can’t refuse. …
Deciding which job to do is a painful activity because of the numerous options that exist. It’s also a paradox.
We are told we should do something “we like” so that we will “never work again”. This initial advice reveals an important aspect of jobs: it’s not fun to do. However, it is possible to find something pleasant, but that comes at a certain price.
Indeed, beyond the nature of the job stands something very powerful that, most often than not, we desire more than the job itself: mOnEy.
As such, we end up stuck in solving the impossible equation to find something that simultaneously pleases us AND brings in a lot of money. …
Ever since central banks started printing money without limits to support their economies in lockdown, the press has been unanimous about the consequences: there is going to be inflation, even maybe stagflation.
“Money loses value as it is being printed”, they tell us. “Look at what happened to Venezuela, look at what happened to Zimbabwe, or Germany in the 1920s. They printed money like crazy and the inflation killed the economy”.
The mainstream narrative likes to link money printing to inflation. …
2020 is over. Weird like it was, it taught many different lessons about the idea of safety, the role of governments, media propaganda, the importance of hanging out with nice people, and the burden of loneliness.
Without any further ado, here are 4 lessons I have learned in 2020 that I will carry with me to 2021.
Yes, I have learned that in 2020. No, I did not know that before.
The pandemic and its subsequent measures outlined a series of paradoxes people were ready to accept without ticking. …
Dubai doesn’t need any introduction. The city is known for its extreme projects, such as the most luxurious hotel in the world (Burj Al-Arab), the tallest tower in the world (Burj Khalifa), the largest mall in the world (Dubai Mall), the biggest artificial ski slope in the world, the biggest picture frame in the world, the biggest fountain in the world, the largest candy shop in the world and other ridiculous worldwide records.
However, as immense as they may seem, all of these projects were built to generate greater financial revenues thanks to tourism. They play a part in the desire of Dubai’s ruler to transform his city and make it the first worldwide touristic destination in the world in order to generate wealth and free Dubai from its oil revenues. …