Why do We Still Need to Work?

China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing on GDP, and Western tariffs are restricting exports. For decades, China produced ...  Afficher plus

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times income), Sydney (13.8 times), Vancouver, London, and San Francisco, housing prices ...  Afficher plus

By 2030 we'll only work 15 hours a week, predicted the legendary economist John Maynard Keynes back in 1930. He thought advances in technology and wealth would let us earn enough money to live in a day or two - leaving the rest of the week for leisure and community service.  How ...  Afficher plus

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3308: Cal Newport explores the surprising difficulty of simple tasks and challenges our assumptions about productivity. He ...  Afficher plus

As temperatures rise, productivity falls.Extreme global temperatures are draining tens of billions of dollars in economic productivity every year from some of the world’s biggest cities. It’s not just outdoor jobs that are impacted, but office work too. In this episode, we ask wo ...  Afficher plus

On today’s show we are looking at our human ability to forecast non linear effects and in particular how this relates to economic forecasts. We are accustomed to looking at the world in very linear ways. When we see a car approaching most people are pretty good at estimating whet ...  Afficher plus