Every fortnight I curate some of the observations and insights that were shared on social media. I call these Friday’s Finds.
@girlziplocked – “The current economy has no place for intellectuals and is desperate to make entrepreneurs the socially recognized genius.”
@matthewsyed – “It is partly because we are so willing to blame others for their mistakes that we are so keen to conceal our own.”
@atduskgreg – “Machine learning is automated bureaucracy. It spits back the systemic biases we feed it in feature vectors, training sets, reward functions.”
“Despite its enormous R&D firepower, its technical prowess and foresight — Nokia’s patents still generated about US$600 million a year paid by its thriving rivals like Apple and Samsung — Nokia’s ultimate fall can be put down to internal politics. In short, Nokia people weakened Nokia people and thus made the company increasingly vulnerable to competitive forces. When fear permeated all levels, the lower rungs of the organisation turned inward to protect resources, themselves and their units, giving little away, fearing harm to their personal careers. Top managers failed to motivate the middle managers with their heavy-handed approaches and they were in the dark with what was really going on.”
“My working class background, coupled with my long term history of precarious employment has left me feeling ashamed and guilty. I am angry at my own perceived childishness for investing in the seemingly naïve notion that hard work is always recognised and rewarded in due course. I am angry at myself. I am angry at being in this position yet again.”
“The study found that online platforms typically provided a modest boost to incomes. For renters and goods sellers, they earned about 7% more during months they participated. For laborers, the gig earnings helped offset a decline in other sources of income.
That finding suggests the gig economy could hold the most promise for workers with irregular incomes. JPMorgan found that 70% of Americans ages 18 to 24, and 74% of those earning in the bottom 20% of incomes, experienced an average change in their month-to-month income of more than 30%.”