Author: EconLearner

According to the viral video, quietly quitting is doing the bare minimum at work. Rather than going above and beyond, a quiet quitter’s sole goal is to do enough to justify his continued compensation.But while stressors exacerbated by the pandemic may leave many employees feeling exhausted, discouraged and disengaged at work, that’s not quite the same as actively deciding to control it, he says. Leigh Thompsonprofessor of management and organizations at Kellogg and expert in navigating and negotiating workplace relationships.And luckily, disengagement is treatable. “Most of us want to be engaged, because it’s more fun to be engaged. If I’m…

Oh, and many more emails.In this “new normal” of mostly virtual work interactions, writing an effective and persuasive email has never been more important. But is your electronic communication effective? Or do recipients end up unresponsive, upset or unmoved?Leigh Thompson, professor of management and organizations at Kellogg, is a negotiation expert. Her new book, Negotiating the sweet spot: The art of leaving nothing on the tablediscusses how to find the readily available (but not always obvious) sweet spot: a “near-optimal, highly satisfying, relationship-sustaining solution to personal and professional problems.”In her book, Thompson directly addresses the challenges of finding an optimal…

For decades, policymakers have debated whether unemployment insurance provides a critical safety net in tough times or whether it prolongs unemployment by reducing people’s incentives to find new jobs.But to answer this question, researchers need a clear measure of how much effort people actually put into looking for jobs. And this activity has proven difficult to monitor. For this Scott R. Bakerassociate professor of economics at the Kellogg School, turned to Google—specifically its search traffic data.Baker and his associate, Andrei Fradkin of Boston University, used data from Google Trends, the free site that analyzes the popularity of various search queries…

Saffron Road founder and CEO Adnan Durrani says that instead of focusing on one cuisine, Saffron … [+] Road’s success is due to offering multiple globally inspired meals, with flavors from many different regions and cultures.Saffron Road Today is a difficult time for the food industry, with inflation leading to rising food costs and sometimes unreliable supply chains. But there are some bright spots, namely, industry insider report that an important trend is “more and more consumers are looking for authentic cuisines and unique tastes”. One brand benefiting from these trends is Saffron Road, which, according to AC Nielsen NLSN…

Meanwhile, Russia’s invasion of Ukraine is causing Western democracies to reexamine some of their most fundamental assumptions about how democratic rules prevail.So what do we know about democracies? How do they stack up against other kinds of governments? And how can they be strengthened? Here’s a summary of our research on the topic.Democracies are more flexible”A common perception is that a democracy should be superior to dictatorships because they are able to choose the best people,” says Georgy Egorov, a professor of managerial economics and decision sciences. That is, democratic regimes should oversee greater economic success and have greater longevity.…

This has been a great year for lovers of gold-based money. As part of their move away from the fiat dollar-based international financial system, Russia has reportedly introduced widespread “gold-based checking accounts” at major commercial banks — a simple and effective form of “digital gold” — while the the government of India has started issuing government bonds backed by gold. International megabank HSBC HBA just said it’s launching a “tokenized gold” platform., enabling gold-based transactions between HSBC’s many clients worldwide. Of course, there is no evidence that the Federal Reserve is going to jump on that bandwagon anytime soon. However,…

Veterans bring important skills. getty Amidst today’s talent shortage and the need to find people who will be engaged, engaged and provide tremendous value to your organization, veterans may be among your best hiring options. The challenges are huge for organizations today: 81% of hiring professionals are having trouble filling jobs, according to a survey by Employ Inc.and only 23% of people worldwide and 32% in the US are engaged, according to data from Gallup. In addition, pressure continues to demonstrate recruitment’s commitment to diversity, equity and inclusion. Enter veterans, who bring tremendous skills, abilities and dedication – and who…

GLASGOW, SCOTLAND – FEBRUARY 16: A sign reading Rest In Peace Brianna is seen among candles at a … [+] vigil for murdered schoolgirl Brianna Ghey on February 16, 2023 in Glasgow, Scotland. Candlelight vigils are being held across the UK this week for Brianna Ghey, 16, who was stabbed in Linear Park in Culcheth, Cheshire last Saturday. Brianna was a transgender girl and police are now investigating her murder as a hate crime. A boy and a girl, both 15, have been charged with her murder. (Photo by Peter Summers/Getty Images)Getty Images Three hundred and twenty transgender and genderqueer…

It was caused by 5G technology. Bill Gates invented it. No, the Chinese government did it, or maybe a pharmaceutical company. In reality, it’s all a hoax – a mass delusion.These are just some of the conspiracy theories that began to circulate in the early months of the COVID-19 pandemic. For example, as of June 2020, a Pew Research Center survey found that 71 percent of Americans had heard a common theory—that powerful actors deliberately engineered the outbreak—and 25 percent of respondents said they believed it was “ definitely’ or ‘probably’. true.How did conspiracy theories about COVID-19 spread so far…

But exactly which workers are most likely to experience job loss or reduced income when new technologies arrive?Bryan Seegmillerassistant professor of economics at Kellogg, along with the Kellogg professor of economics Dimitris Papanikolaou and their colleagues, tried to understand better which types of workers have historically been vulnerable to becoming obsolete by technology and how technology-induced career disruptions affected their future earnings. They developed an innovative way to measure workers’ exposure to emerging technology by identifying similarities between the tasks associated with different occupations and the descriptions in new patents. This allowed them to track how emerging technologies affected the…