Tuesday's Assorted Links
Workplace trends, working with AI, living with hyperinflation, holiday debt, and polar economies
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
The majority (65%) of professionals report feeling “stuck” in their careers [Glassdoor]
93% of Gen Z and 79% of millennial leaders use 2 or more AI tools every week [PR Newswire]
What’s it like to live in a country with a 193% year-over-year inflation rate? [The Hustle]
Nearly 3 in 10 Americans who used credit cards to pay for holiday gifts last year still haven’t paid off their balances [Nerdwallet]
More commercial activity is happening in the Arctic and Antarctica than ever before [Morning Brew]
Top universities like MIT & UT are offering free tuition for students from middle-income families—but why now? These moves aren’t just about generosity. It’s a strategy to fill seats as universities face the enrollment cliff. Learn how lowering tuition increases the quantity demanded & what this means for students.
Why Top Universities Are Slashing Costs to Attract More Students
Last week saw a wave of announcements from top U.S. universities ranging from the University of Texas to MIT to Brandeis. The news certainly caught the public’s attention: they’re offering free tuition to students from lower- and middle-income families. The rollout of these programs at first might seem like a coincidence, but there's likely more at play. These announcements came just a few weeks after each university’s early action deadline, which reveals some potentially important information about the current state of college admissions.
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Why it seems clear that printing money is what caused Argentina's chronic inflation, it appears there is little to no concern of that happening here. Yet, how will the debt and unfunded liabilities be handled?