We know that the long term trend shows a falling crime rate. But as today’s WTF data point reveals, the long term conviction rates for violent felonies shows something rather different. Based on data from 22 cities, apprehension and conviction rates in major cities are appalling: Shoot Someone In A Major US City, And…
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Labor Market Is Doing Fine With Higher Minimum Wages Predictions of job losses and slower economic growth haven’t panned out. Bloomberg, January 24, 2019 Almost three years ago, we got a chance to watch a real-time experiment of the impact higher minimum wages would have on job creation after some localities passed laws to…
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My midweek morning train reads: • Where is the Value? (Factor Investor) • One Big Thing: On the Power of Heuristics and Reducing Complexity (Of Dollars And Data) • How chicken became the rich world’s most popular meat (Economist) • Time for Happiness (Harvard Business Review) see also Multiply your time by asking 4 questions about the stuff on your to-do list (TED)…
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