This NBER paper seems to say work-from-home workers overall spend more on extra home office space than they save on commuting, which means companies are passing office overhead costs onto their employees. :(…
Work-from-homers would need a 3.8% pay raise to equal out the added costs of working from home:…
Also mea culpa I may be garbling the statistical relationship between commuting and office costs stated here, but still they’re saying workers are paying substantially extra for home offices.

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More from @mattdpearce

19 Feb
When journalists talk about Wall Street harvesting newspapers for organs, this is what we’re talking about. The Chicago Tribune already has layoffs to hit a 10% profit margin. Now a hedge fund comes in and wants immediate 20% profit margins. And all the rest of us are the losers.
Even if you’re an uptight fiscal conservative who thinks ruthless hedge fund management is just what can whip your local newspaper into its tightest shape so the profits can be sunk into needed growth, I have news for you about where that cash is going.…
These hedge funds aren’t stupid. They’re card sharks who have figured out how to win every hand. They know grandma and grandpa will keep paying subscription money to the paper they’ve spent their entire lives with; they just never tell your folks that nobody works there anymore.
Read 7 tweets
27 Feb 20
Okay one last plague thread for the night, but I promise it’s a good one: I wanted to know what happened to the Spanish influenza after it waned in 1919, and it turned out that it just became another seasonal flu that circulated among people each year.........UNTIL.........
Did you know that flu strains replace each other? one will circulate for decades and decades, and then a new one comes along and the other one disappears? That’s what happened to Spanish flu in 1957.

But then something absolutely fucking crazy happened.…
I was just puttering along reading this article, and it said the Spanish flu came back in 1977!!!!!! from a “freezer”…
Read 9 tweets
27 Feb 20
Looking at academic studies of the effectiveness of social-distancing during the Spanish flu of 1918-1919. The cities that did it early and did it consistently fared better than the cities that were laxer. When they stopped (see bottom bars), sometimes the flu surged back.
Kind of rough, but America's experience during the Spanish Flu epidemic of 1918-1919 mimics what we just saw in China: Wuhan got slammed by the initial outbreak and shut down too late, but other cities had time to watch and act and got spared the brunt:…
Read 9 tweets
7 Feb 20
While Twitter was down, I was searching the L.A. Times archives for stories about the Spanish flu and found, like, the quintessential 1919 newspaper story.
Here's some 1919 newspaper influenza dataviz:
excuse me
Read 7 tweets
31 Jan 20
Don't worry about the coronavirus right now. Worry about the flu, which has killed ~10,000 Americans since October.

“The likelihood of an American being killed by the flu compared to being killed by the coronavirus is probably approaching infinity.”…
Also I just found this really helpful CDC infographic about the differences between seasonal flu (the existing flu everybody gets all the time) and pandemic flu (when there's a new type of flu).…
You may not remember, but the last flu pandemic (H1N1) was in 2009, it started in the United States, killed up to half a million people in the first year it circulated, and then it just... became another seasonal flu that people get.…
Read 6 tweets
3 Dec 19
"Newly uncovered documents show the consulting giant helped ICE find 'detention savings opportunities' — including measures the agency’s staff sometimes viewed as too harsh on immigrants."…
"McKinsey’s team also looked for ways to accelerate the deportation process ... The consultants, three people who worked on the project said, seemed focused solely on cutting costs and speeding up deportations"…
Read 4 tweets

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