During the past decade or two we often heard that change is the order of the day and that a comfort zone is not a good place to dwell. Wave upon wave of new technology washed over us and we continually had to adapt to an ever changing world.
Yet, except for some of the very elderly who can still remember the days of the second world war, none of us have ever experienced such a level of uncertainty as now with the coronavirus and the economy virtually completely ... continue reading
Wash your hands, don’t touch, close the business, close the school, wear a mask, cancel the game and do whatever is necessary to prevent the spread of the coronavirus(COVID-19). What happens at present is that people travel less, sports events are called off or played before empty stadiums, stock exchanges tumble, etc. which will probably have a huge negative influence on the world economy.
Businesses at riskSomeone on CNN mentioned that
the coronavirus may perhaps kill more businesses than people.
Therefore the following piece of advice from a ... continue reading
As a former Economics teacher I always love to somehow peer over the horizon because the future fascinates me. I love to make my own predictions of what I think the consequences of certain decisions and policies may be.
At present the economic outlook for 2020 does not look very promising. In government there is just so many controversies, infighting and division mixed with ideology that good governance does not even come close to the parliament’s agenda. At present they are just trying to put out ... continue reading
We often hear that politicians are concerned about the wage gap that exists between the salaries of top executives and the lowest earning workers in companies; not that the politicians themselves not look well after themselves either. It is one thing to live well from the earnings of your own company, but to live well on taxpayers’ money is a completely different story.
But the low earning workers of a big company is still better off than the person who had just been retrenched or who has already ... continue reading
In his book The Tipping Point, Malcolm Gladwell writes that the best way to think about sudden big changes in the demand for certain products, goods or services or the sudden increase in the occurrence of a certain disease, or certain major events, is to think of them as epidemics.
Epidemic eventsAccording to Gladwell there are three characteristics to such epidemic events; firstly it is contagious, secondly it is often little changes that have big effects and thirdly the change happens not gradually, but at one dramatic moment. ... continue reading
