Economy – Impact Lab

Big Problems, Business, Coronavirus, Science & Technology News

These 3 charts reveal the state of the economy

May 13, 2020

Australian think-tank the Grattan Institute has released three new trackers, or charts, that offer an up-to-date glance at what the economy looks like right now.

The Morrison government has thrown the kitchen sink at the domestic economy, with $320 billion in stimulus measures designed to cushion the damage.

The Grattan Institute’s charts are regularly updated with the latest statistics to form a quick view of how many jobs have been lost and where, the number of businesses that have been affected, and how consumers are feeling.

The impact of Covid-19 to the Australian economy has been described as the worst since the Great Depression by both the RBA Governor Philip Lowe and the Grattan Institute in a separate report.

Continue reading… “These 3 charts reveal the state of the economy”

Analysis, Artificial Intelligence, Big Problems, Business, Employment

Which 5 jobs will robots take first?

February 27, 2017

In 2012, Futurist Thomas Frey predicted that 2 billion jobs would disappear by 2030, roughly half of all jobs that exist today. Oxford University researchers reinforced this with their estimates that 47 percent of U.S. jobs could be automated within the next two decades. But which ones will robots take first?

First, we should define “robots” as technologies, such as machine learning algorithms running on purpose-built computer platforms, that have been trained to perform tasks that currently require humans to perform.

Continue reading… “Which 5 jobs will robots take first?”

Analysis, Latest Trend, Science & Technology News

More Mexicans are leaving the U.S. than coming in: Study

November 23, 2015

In a reversal of one of the most significant immigration trends in U.S. history, more Mexicans are leaving the United States than migrating into the country, according to a study published Thursday by the Pew Research Center.

Continue reading… “More Mexicans are leaving the U.S. than coming in: Study”

Analysis, Economy, Entertainment, Internet, Latest Trend, Science & Technology News, Video Games

The 3D virtual world Second Life has a higher GDP than some countries

November 11, 2015

Second Life, a 3D virtual world used to be hyped up as the future of internet communication. But now Second Life is more commonly thought of as an example of overbaked optimism about what’s next in tech.

Continue reading… “The 3D virtual world Second Life has a higher GDP than some countries”

Analysis, Business, Economy, Globalism, Latest Trend, Science & Technology News

China is ‘financially out of control’ according to Citi’s chief economist

September 23, 2015

Citigroup’s chief economist, Willem Buiter, sees a storm brewing in China. He estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future, which he defines as a period of sub-2 percent global growth.

Continue reading… “China is ‘financially out of control’ according to Citi’s chief economist”

Analysis, Economy, Globalism, Latest Trend, Science & Technology News

Very cool data visualization will change how you look at the world economy

September 3, 2015

HowMuch.net has come up with a very cool data visualization that’s a little bit unorthodox. The way it works is that it visualizes the entire world’s economic output as a circle. That circle is then subdivided into a bunch of blobs representing the economy of each major country. And then each country-blob is sliced into three chunks — one for manufacturing, one for services, and one for agriculture.

Continue reading… “Very cool data visualization will change how you look at the world economy”

Analysis, Business, Economy, Internet, Latest Trend, Science & Technology News

Has digital technology created a new labor movement?

August 14, 2015

The labor movement in the U.S. is finally starting to go online. It was born from the shifting economic environment created by the Industrial Revolution—and we are, once again, at a technological turning point: this time, change is driven across transistors rather than by steam engines. Labor issues are as much in flux as any part of the economy, with Uber and other “on-demand economy” companies creating both new opportunities and new perils for workers. Workers’ rights are struggling to keep pace with technological progress.

Continue reading… “Has digital technology created a new labor movement?”

Economy, Latest Trend, Science & Technology News

Data visualization shows China’s economy is shrinking

August 12, 2015

The economy in China is shrinking, and it’s happening faster than anyone expected, not even the country’s government.

Continue reading… “Data visualization shows China’s economy is shrinking”

Business, Economy

What $100 is worth in every state

July 21, 2015

According to recent data from the Bureau of Economic Analysis, you might consider moving to Mississippi or Arkansas, if you want the most bang for your buck. Continue reading… “What $100 is worth in every state”

Business, Coding, Coding Schools, DaVinci Coders, Game Development, Internet, Science & Technology News

Most popular programming languages

July 10, 2015

RedMonk has released their bi-annual programming language rankings. Very little has changed in the process since Drew Conway and John Myles White’s original analysis late in 2010.

NOTE: Anyone interested in learning to code, DaVinci Coders offers multiple courses designed to get you into the rapidly growing technology industry. For more info please visit davincicoders.com.

Continue reading… “Most popular programming languages”

Business, Coding, Coding Schools, DaVinci Coders, DaVinci Institute, Education, Employment, Game Development, Science & Technology News

The age of developer-defined infrastructure: The geek shall inherit the earth

July 7, 2015

There have been articles about the primacy of software engineers over the past several years. The fact that technical majors are making more money coming out of college than their classmates and the average salary for a developer has risen dramatically over the past few years supports this reality.

NOTE: Anyone interested in learning to code, DaVinci Coders offers multiple courses designed to get you into the rapidly growing technology industry. For more info please visit davincicoders.com.

Continue reading… “The age of developer-defined infrastructure: The geek shall inherit the earth”

Business, Economy, Internet, Science & Technology News

The vaule of information is declining in our networked society

July 6, 2015

According to a recent paper published in the Portuguese academic journal, OBS, the single most striking element explaining the difficulty in the discovery and implementation of new business models for the media in the digital age, is the declining value of information in the networked society. Continue reading… “The vaule of information is declining in our networked society”