People don’t always make use of opportunities and programs offered to them. Organizations can find ways to improve the take-up rates of products and programs by utilizing concepts from behavioral economics. These techniques have been used to convince more citizens to apply for tax benefits and more franchised hotels to use a new algorithmic pricing system, among other examples.
"Even with new green technologies, if we keep trying to produce more for the sake of economic growth, we […] cannot make a fast transition to decarbonize the economy. Therefore, I argue that it is necessary to reduce what is unnecessary."
Tactical fears for the US labor market have dominated economic debate, but this misses the labor market’s structural underpinnings. We are in an era of tightness that was briefly interrupted, not caused, by the pandemic.
Leaders need to surround themselves with people from different backgrounds and with different perspectives.
A clearer picture has emerged of the structural legacies of recent shocks on major economies.
Speed and efficiency used to be the priority. Now issues such as safety and privacy matter too.
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