Today is Tuesday, money nerds. And if you’re reading this, it means that Kim and I escaped cold and snow Denver without any complications. We braved the icy roads to make the 70-mile drive to the airport at 6 a.m…and escaped unscathed. Yesterday’s cliffhanger had a satisfying resolution.
Of course, if you’re not reading this, I cannot vouch for the outcome of the cliffhanger.
In any event, let’s dive into today’s top money stories from around the web.
What it’s like to work for the same company for more than 25 years. [Mel Magazine] — “If the data behind the ‘job-hopping generation’ is to be believed, for many millennials — especially those of us in the media — working at the same company for 30 years is both a pipe dream and a nightmare. Job security is great and all, but many millennials see hopping from company to company as the only way to advance their career…I sought out three guys who went to the same office every day [for decades] to find out [what it was like].”
When work and meaning part ways. [The Hedgehog Review] — “Our work-centered culture hasn’t collapsed yet. We have time now to get off the rickety scaffolding and build a new culture before disaster hits. If we do that, then the fully automated age won’t be a disaster at all…We don’t need meaningful work. We just need meaning, wherever we might find it.”
What it’s like to outsource your life to subscription services. [Bloomsberg Businessweek] — “I’d been hearing a lot of Generation Z-age founders boast that their algorithms know consumers better than they know themselves. Their direct-to-consumer websites, which sell online without involving a retailer, claim to be able to refill shampoo containers just before they run out or tailor outfits to an individual’s personal style. Could these algorithms actually change my life?…In July of 2019, in an attempt to see where mechanization is taking us, I tried to live life by subscription alone.”
Employees are happier when they work for competent bosses. [Harvard Business Review] — “We found that employees are far happier when they are led by people with deep expertise in the core activity of the business. This suggests that received wisdom about what makes a good boss may need some rethinking.”
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