2/7/2024 - TL;DW But I Read
The gig economy raises questions about the responsibility of companies and the government to ensure fair treatment and compensation for workers.
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My favorite books:
How Gig Workers will Ruin our Retirement - Millennials Decoded
*Topic : Business
*Length : 25m 13s
*View : 145K
π "The gig economy often leads to poor worker conditions, lack of benefits, and inadequate pay for injuries or sickness."
πΈ "Uber sold the dream of making your own schedule and being your own boss, but we all know how Uber really works for drivers."
π‘ The gig economy and remote work are inevitable aspects of the modern world, and it is important for millennials to adapt and find ways to thrive in this changing landscape.
π° Many Millennials and Gen Z's choose not to have kids because they can't afford them in the US, as the cost of raising a child is around fourteen thousand dollars a year.
π€ The lack of health insurance for gig workers can lead to delayed medical care and higher medical bills, making healthcare the leading cause of personal bankruptcy for this group.
π° Millennials in the gig economy face financial instability, with the possibility of being broke, homeless or having to move abroad.
π Considering retiring in a foreign country with affordable healthcare and housing could be a smart financial move for millennials.
π€ The gig economy raises questions about the responsibility of companies and the government to ensure fair treatment and compensation for workers.
Link:
How Everything Became A Subscription.
*Topic : Business
*Length : 13m 57s
*View : 422K
Subscription services are everywhere affecting personal finance the average person is now spending $273 a month on subscriptions and at the same time less than one-third of them could afford a $1,000 expense without going into debtβ¦
π° Subscription services have exploded in the past decade, with companies offering subscriptions for literally every product and digital product you could ever want.
π° The average person is now spending $273 a month on subscriptions, which is a lot of money and the new form of getting money from people.
π° The rise of subscription-based services has led to companies offering more affordable options for premium products, such as Raycon's earbuds priced at half the cost of other premium audio brands.
π° The reason why everything has become a subscription is because investors love it, as it makes expensive products easier to sell and has a higher present value.
π° Subscription businesses have better economics than direct sales businesses because of consistent revenue and low acquisition costs.
π° Subscriptions allow businesses to collect data about their customers' usage and tailor products accordingly, which is why investors love them.
π° Subscription services package features that you wouldn't buy outright and get away with because it's a much easier purchase to make than a one-time payment.
πΈ The future of consumer products may be subscription-based, as companies look for ways to monetize optional extras and features.
Link:
Are Duty Free shops a scam?
*Topic : Business
*Length : 7m 37s
*View : 496K
π€ The tax on alcohol is quite high, so duty-free shops may offer a better deal.
πΈ Duty-free prices may not always be the best deal, as different stores and discounts can make it hard to compare.
π€― The calculation of prices with tax and without tax at duty-free shops may not add up, raising questions about their transparency.
π€ Do the people at the airport stores have any idea what the prices are everywhere else in the world, or do they just feel they can charge anything they want?
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