The average CEO makes 380 times as much as the average employee

The average CEO makes more in an hour than his or her average employee makes in a month.

The rise of extreme income and wealth inequality is one of the biggest crises in the American economy.  One of the causes of the wealth inequality is the bizarre consensus that, when it comes to the pay scales of the people at the top, there’s no such thing as “too much.”

 

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What is Bitcoin? This video explains it in less than 4 minutes

[vimeo]http://www.vimeo.com/63502573[/vimeo]

Bitcoin, launched in 2009 by an anonymous developer, is an intriguing technological and financial experiment. Quartz reports, there has been a recent spike in value (approximately 1,300% since the beginning of the 2013).  Starting your own currency is “not as complicated as it sounds. All you need is a system other people can understand and, most importantly, trust,” according to The Atlantic’s Derek Thompson.

 

 

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37 percent of working-age Americans aren’t working, but what are they doing?

American adults who have a job (or are looking for a job) has fallen to its lowest point since 1979, hovering around 63 percent. Thirty-seven percent of working-age Americans aren’t working.  But, what are they doing? Bloomberg Businessweek gives us a snapshot of 2013 with this amazing infographic above.

 

 

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The future of innovation is in ideas, not products

The new generation of innovators knows that the greatest innovations are the ones you can’t see.

In Asia, there is a shift underway of self-made entrepreneurs.  In the past 50 years, Asian commerce was dominated by larger-than-life conglomerate builders gathering assets under unofficial government protection. But this is changing. A new generation of entrepreneurs is emerging, outthinking the old guard.

 

 

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80,000 new jobs in the U.S. created by Apple’s iOS app economy in 2012

Apple’s iOS App Store has seen incredible growth and has doubled its payouts to developers (now totaling over $8 billion) and sparked the creation of over 80,000 new jobs directly related to building software for Apple’s mobile platform within the last year.

 

 

 

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Brilliant young entrepreneurs being wooed by Canada’s new startup visa

The bet is that some of the braniacs’ startups will eventually create lots of good jobs.

One of the world’s largest immigration programs is in Canada and they are launched a new type of visa for foreign entrepreneurs this week. Foreign nationals can apply to the new Startup Visa program and gain immediate permanent residency if the secure funding from Canadian venture capital firms or angel investors. Canada’s new program is the latest in a score of startup visas recently created or revamped by governments, including Australia, Chile, and the U.K., to woo foreign entrepreneurs.

 

 

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Tribine – agriculture’s latest breakthrough innovation

Tribine

Grain harvesters have been called combines since the 1930’s.  They were called combines because they combined the harvesting machines, the binder and the stationary threshing machine. The Tribine takes it one step further as it combines the two historic harvest functions with a third – the grain cart, according to Ben Dillon, the developer of the machine.

 

 

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