Daily Life Economics Job

Essential contemporary skill

If you’re like me and spend a large portion of your day using a computer (technology in general) as a tool to earn your bread, you’re among the people whose number are growing yearly. Our economy is depending more on people who work smarter and less who work harder. They call it the knowledge economy and whether you agree with it or not, it is here to stay. I was semi-aware of this, but I…

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Daily Life Economics

Lesson in economics – the hard way

In my 20s I was never really interested in economics as an intellectual pursuit.  The closest I came to it was to make sure my checkbook was balanced and that bills were mostly paid.  It wasn’t until the company I worked at offered 401k plans that I began my long lesson in economics and its impact on my personal life. I left the company in 1999 and had a sizeable chuck of investments in the…

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Daily Life Economics

My spidey sense is, uhh, tingling?

I’m listening to the day’s Planet Money podcast.  Near the end there’s a discussion about economists arguing over the matter of the housing bubble during the housing bubble.  Namely, whether it was a bubble or not.  The past 2 years has pretty much answered that question. I can’t say that what I’m about to state is a benefit of hindsight or age related memory issues, but I’ll state it anyway.  I saw it coming.  Not…

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