We needed to shift the media economy off a dependence on online advertising, and we needed to change who the customer is. Both things are possible with paid subscriptions because it's trust rather than content that gets monetised.
— Hamish McKenzie“We're creating a different type of work. The average Dasher dashes for about four hours a week, and very often they're trying to save-up for something and use it as a supplement to their income. We believe that flexibility should exist, and that benefits earned should be portable and proportional to the amount of work you're doing on each platform.”— Christopher Payne
The quote archive
Economics
A growing archive of 3,000+ moments, drawn from every interview.
What was broken in journalism was not a lack of demand for good stories nor a lack of journalists or the format of stories and distribution – the thing that was broken was the business model.
— Hamish McKenzieThis single revenue source, within less than ten years of its existence, has empowered women to such an extent. This clearly shows the significant influence and impact it has had on these women's lives, on female representation, and on the power that money wields.
— Stephanie McNealWhy don't we start with a fundamental step – ceasing to fund our own downfall? For years, we held onto the belief that welcoming China into the international order would prompt them to abide by established rules, liberalize their economy, and make their governance more democratic.
— General H.R. McMasterU.S. National Security Advisor under President Donald Trump
My research over the years has made it clear that companies pay a high price for maintaining low wages, primarily in the form of employee turnover. This turnover can account for 10-25% of a company's total expenses, in relation to payroll in a common setup, with some cases even witnessing figures as high as 45%.
— Zeynep TonMIT Professor & Author on Retail Operations & Low-Wage Work
For four decades, real wages for Americans haven't experienced any significant growth. Prior to the pandemic, it was reported by the Brookings Institute that 53 million Americans were trapped in low wage jobs, where their earnings failed to adequately cover their needs.
— Zeynep TonMIT Professor & Author on Retail Operations & Low-Wage Work
Typically, when you ask a business person about their progress, their immediate response tends to revolve around growth figures – 'We're 20% up from last year' – under the assumption that growth equates to robustness and sustainability. However, empirical evidence doesn't support this assumption.
— Professor Alex HillContributing to society comes in many forms. Meaningful careers not only fulfil our team members but also drive the broader economy as employees become taxpayers. This virtuous circle is a fundamental contribution to society.
— Ajaz AhmedIndia boasts a robust workforce with nearly 5 million developers, a vast, young demographic, a burgeoning middle class, and a tech-enabled, English-speaking workforce. All these factors combine to offer what could be the opportunity of the decade for India.
— Girish MathruboothamFounder and CEO of Freshworks, cloud-based software company
I often pose a critical question to businesses: if the economy began transitioning towards sustainability, would this be a boon or a bane for your business? If it's perceived as a threat, your paramount priority should be to modify your business model until this transition becomes an opportunity.
— Mike Berners-LeeOur goal is to pinpoint where we can create the most value for humanity per dollar, rupee, or shilling spent. This isn't usually something that makes you wealthy, but it does a significant amount of good in three ways: it helps people survive and stay healthy rather than falling ill or dying; it alleviates poverty; and it improves the environment.
— Bjørn LomborgEnvironmental Economist & Author Known for Challenging Climate Alarmism
If an average developing nation had the UK's primary and secondary education level, it would be approximately 40% wealthier. It's indisputable that education makes individuals highly productive, making countries richer in the long run.
— Bjørn LomborgEnvironmental Economist & Author Known for Challenging Climate Alarmism
The issue you're worried about, the one you're likely spending most of your time discussing, isn't the only problem in the world. We tend to lose sight of this because we often perceive our immediate tasks as the most crucial. Given the multitude of issues we need to address, the goal shouldn't be to resolve a single problem in an exhaustive and expensive way.
— Bjørn LomborgEnvironmental Economist & Author Known for Challenging Climate Alarmism
The core reason is the remarkable surge in asset inflation, coupled with low interest rates and QE, which has entirely disrupted a decade's financial landscape. This dynamic favoring those with assets, often at the detriment of the upcoming generation, is at the heart of the crisis.
— Ken CostaShe corrected me, saying, 'Dad, it's not just about avoiding the negative; I want my investments to contribute positively.' The rise of impact investing is undeniable. This generation seeks a hands-on approach to their wealth deployment. They're astute enough to demand both positive societal impact and good returns.
— Ken CostaOne major overhead entrepreneurial business often grapple with is the exorbitant rent in cities. Moving to a smaller town offers a significant reduction in these costs and promotes regional economic balance.
— Sridhar VembuFounder and CEO of Zoho Corporation, cloud computing company