Month: September 2013

Aggregate Effects of the Top 1%

Consumers drive 70% of GDP. Earners in the top 1% of income have received 93% of the income growth since the depths of the Great Recession (Bloomberg). A surprising fact about those high earners. They only consume 21% of their income (Tax Policy Center).

Aggregate Effects in the National Economy

Some people argue that raising the minimum wage will hurt the lowest tier of workers because it will cut the number of jobs that are available to them, yet the statistics show that does not happen. How can such a reasonable line of logic fail to lead to a valid conclusion?

Meetings in Small Project Development Shops

If you’ve ever been in a small shop just starting up with a single project, you may experience some difficult situations arising from uncertainty over project roles.

The principal of the shop probably had the idea for the software and the technical skills to convince some backers that his idea was feasible. Then he discovers he doesn’t have time to do everything that needs to be done.

Patterns and Creative Work

Patterns are good to start creative work, but concrete details are needed to be understandable to others and to finish the creation.

An example, I know a person who uses ‘always’ when something happens twice in a row, no matter the prior history. Two occurrences in a row becomes always to her. That type of assertion occasionally leads to faulty decisions.

TV Time

I recently got Amazon Prime and have watched some old shows. The 1st episode of Star Trek (1966) lasted 50 minutes.  Hour-long shows now are about 42 minutes.  The 1st episode of The Dick Van Dyke Show (1961) lasted 26 minutes.  Half-an-hour shows now are about 22 minutes of show time. Commercials have grown from…

Story or Essay

Diem Perdidi by Julie Otsuka

It’s a good example of the difference to a reader between a story and an essay. Ms. Otsuka could have described the mother in either style.