young professional

254 results back to index

The Future of the Professions: How Technology Will Transform the Work of Human Experts by Richard Susskind, Daniel Susskind

23andMe, 3D printing, Abraham Maslow, additive manufacturing, AI winter, Albert Einstein, Amazon Mechanical Turk, Amazon Robotics, Amazon Web Services, Andrew Keen, Atul Gawande, Automated Insights, autonomous vehicles, Big bang: deregulation of the City of London, big data - Walmart - Pop Tarts, Bill Joy: nanobots, Blue Ocean Strategy, business process, business process outsourcing, Cass Sunstein, Checklist Manifesto, Clapham omnibus, Clayton Christensen, clean water, cloud computing, commoditize, computer age, Computer Numeric Control, computer vision, Computing Machinery and Intelligence, conceptual framework, corporate governance, creative destruction, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, death of newspapers, disintermediation, Douglas Hofstadter, driverless car, en.wikipedia.org, Erik Brynjolfsson, Evgeny Morozov, Filter Bubble, full employment, future of work, Garrett Hardin, Google Glasses, Google X / Alphabet X, Hacker Ethic, industrial robot, informal economy, information retrieval, interchangeable parts, Internet of things, Isaac Newton, James Hargreaves, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Khan Academy, knowledge economy, Large Hadron Collider, lifelogging, lump of labour, machine translation, Marshall McLuhan, Metcalfe’s law, Narrative Science, natural language processing, Network effects, Nick Bostrom, optical character recognition, Paul Samuelson, personalized medicine, planned obsolescence, pre–internet, Ray Kurzweil, Richard Feynman, Second Machine Age, self-driving car, semantic web, Shoshana Zuboff, Skype, social web, speech recognition, spinning jenny, strong AI, supply-chain management, Susan Wojcicki, tacit knowledge, TED Talk, telepresence, The Future of Employment, the market place, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Tragedy of the Commons, transaction costs, Turing test, Two Sigma, warehouse robotics, Watson beat the top human players on Jeopardy!, WikiLeaks, world market for maybe five computers, Yochai Benkler, young professional

Becoming expert In the course of our research, and in conversations with professionals, we were frequently questioned about the ways in which young professionals might learn their trade in the coming years. According to our broad hypothesis, much of the routine and repetitive work of today’s aspiring professionals will be undertaken in new ways, for example, by para-professionals, offshoring, or online service. Are we not therefore depriving young professionals of the work upon which they currently cut their teeth? If we source much of the basic work in alternative ways, on what ground will young professionals take their early steps towards becoming expert? Maintaining a pipeline of experts This becoming-expert objection is clearly an important one.

…

What are we training young professionals to become? This leads us to a more fundamental training issue. If the central arguments of this book are correct, or even just persuasive, they raise questions about the way in which we currently educate and train our aspiring and young professionals. If professional craftsmanship is fading and will be replaced over time by para-professionalism, knowledge engineering, communities of experience, embedded knowledge, and machine-generated expertise, then one vital question must be asked: what are we currently training large numbers of young professionals to become? Our concern is that our elaborate and sophisticated methods and institutions for the development of professionals are configured today to bring through a new generation of twentieth-century professionals, rather than a cohort of individuals and teams who are equipped to function in a technology-based Internet society in which online service will dominate over human service and ever more capable machines will carry out tasks that used to be the preserve of human professionals.

…

In the course of our consulting work we have spoken to aspiring young professionals in many disciplines and invited their views. Commonly they have responded that they are able to grasp many of the tasks they undertake in the name of training after a handful of experiences, and that many months of repetition were unnecessary: ‘we get it after a couple of days; we don’t need to do this for a couple of years.’ In the context of professional organizations, this can be phrased in another way—we should not confuse training with exploitation. The commercial reality is that young professionals in these businesses undertake routine work because this is at the heart of the pyramidic model of profitability that requires the ‘leveraging’ (as is said) of junior professionals.

The Great Inversion and the Future of the American City by Alan Ehrenhalt

anti-communist, back-to-the-city movement, big-box store, British Empire, crack epidemic, David Brooks, deindustrialization, Edward Glaeser, Frank Gehry, gentrification, haute cuisine, Honoré de Balzac, housing crisis, illegal immigration, Jane Jacobs, land bank, Lewis Mumford, manufacturing employment, mass immigration, McMansion, megaproject, messenger bag, New Urbanism, Norman Mailer, Peter Calthorpe, postindustrial economy, Richard Florida, streetcar suburb, The Chicago School, The Death and Life of Great American Cities, too big to fail, transit-oriented development, upwardly mobile, urban decay, urban planning, urban renewal, walkable city, white flight, working poor, young professional

The current population of the Nagle Street development, Liu estimates, is about 70 percent empty nesters and 30 percent young professional singles and couples. Almost no children live here. “The higher the price,” Liu says, “the more empty nesters,” who tend to ask about high-quality appliances, the amount of light streaming into the living room, elevator capability for future years, and sometimes smoking balconies for baby boom contemporaries who have not shed their tobacco habit. The young professional contingent places a higher priority on green features and energy savings. There are twenty-seven units to one acre of land in this particular development—the empty nesters who buy there are often cutting the amount of their living space in half.

…

A closer look at the results shows that the most powerful demographic events of the past decade were the movement of African Americans out of central cities (180,000 of them in Chicago alone) and the settlement of immigrant groups in suburbs, often ones many miles distant from downtown. Central-city areas that gained affluent residents in the first part of the decade maintained that population in the recession years from 2007 to 2009. They also, according to a 2011 study by Brookings, suffered considerably less from increased unemployment than the suburbs did. Not many young professionals moved to new downtown condos in the recession years because few such residences were being built. But there is no reason to believe that the demographic trends prevailing prior to the construction bust will not resume once that bust is over. It is important to remember that demographic inversion is not a proxy for population growth; it can occur in cities that are growing, those whose numbers are flat, and even in those undergoing a modest decline in size.

…

“It’s the combination of trendy nightspots and prime real estate,” The Washington Post explained a few years ago, “that has made Clarendon among the most chic places to live in the Washington area.” Washingtonian magazine reported that the “bar scene has become so hot, it’s even luring city-dwellers.” The revival of Clarendon was critical to a revival of the county as a whole. Thousands of young professionals decided they wanted to live near the big city, if not necessarily in the middle of it. Developers responded to that demand with an open-air “lifestyle” shopping center, seeking to emulate some of the qualities of the old walkable Clarendon shopping district, and with dozens of new condominium buildings lining the transit corridor that ran straight through Clarendon to the western end of the county.

Going Solo: The Extraordinary Rise and Surprising Appeal of Living Alone by Eric Klinenberg

big-box store, carbon footprint, classic study, David Brooks, deindustrialization, deskilling, employer provided health coverage, equal pay for equal work, estate planning, fear of failure, financial independence, fixed income, Joseph Schumpeter, knowledge economy, longitudinal study, mass incarceration, New Urbanism, public intellectual, Ralph Waldo Emerson, rent control, Richard Florida, San Francisco homelessness, selection bias, Silicon Valley, Skype, speech recognition, women in the workforce, work culture , working poor, young professional

By the end of this seven-year study, we had conducted in-depth interviews with more than three hundred singletons of all social classes and life stages—though, it’s important to note, most people who live alone are financially secure enough to do it, which means our interviews, as well as the analysis I offer here, focus mainly on the experiences of the middle class. To supplement what we learned from these interviews, we also observed places where people live alone together, including residential buildings for affluent young professionals, single-room occupancy dwellings, and assisted living facilities for the elderly. We mined the archives for historical research, social surveys, and market studies about the lifestyles of singles and solo dwellers (since some studies lump them together, for some issues we had to do so as well); and we interviewed scores of others—including caregivers, government officials, architects, and artificial intelligence designers—who are concerned about the fate of the growing number of Americans who live on their own.

…

But although it’s clear that for certain people, in certain conditions, living alone can lead to loneliness, unhappiness, sickness, or worse, it’s also clear that it need not have such disastrous effects. Today more and more people are seeking ways to flourish despite—or is it because of?—the solitude they can achieve at home: young professionals who can afford to have their own places and prefer domestic autonomy to having roommates; singles in their thirties and forties who refuse to compromise in their search for a partner, in no small part because they recognize and enjoy the benefits (personal, social, and sexual) of living alone; divorced men and women whose previous experiences in relationships ended the fantasy that romantic love is a reliable source of happiness and stability; elderly people who, following the death of a spouse, rebuild their lives through new friendships, social groups, and activities, and take pride in their ability to live alone.

…

., marking “a new sort of independence from family with significant social meaning.”5 This is an understatement. In recent decades a growing number of twenty- and thirtysomethings have come to view living alone as a key part of the transition to adulthood. In the large urban areas where it is most common, many young professionals see having one’s own home as a mark of distinction and view living with roommates or parents as undesirable at best. Living alone offers several advantages: It grants sexual freedom and facilitates experimentation. It gives time to mature, develop, and search for true romantic love. It liberates young adults from difficult roommates, including good friends who turn out to be better friends when they are not always in the next room.

The Great Reset: How the Post-Crash Economy Will Change the Way We Live and Work by Richard Florida

"World Economic Forum" Davos, Alan Greenspan, banking crisis, big-box store, bike sharing, blue-collar work, business cycle, car-free, carbon footprint, collapse of Lehman Brothers, company town, congestion charging, congestion pricing, creative destruction, deskilling, edge city, Edward Glaeser, falling living standards, financial engineering, financial innovation, Ford paid five dollars a day, high net worth, high-speed rail, Home mortgage interest deduction, housing crisis, if you build it, they will come, income inequality, indoor plumbing, interchangeable parts, invention of the telephone, Jane Jacobs, Joseph Schumpeter, knowledge economy, Lewis Mumford, low skilled workers, manufacturing employment, McMansion, megaproject, Menlo Park, Nate Silver, New Economic Geography, new economy, New Urbanism, oil shock, Own Your Own Home, pattern recognition, peak oil, Ponzi scheme, post-industrial society, postindustrial economy, reserve currency, Richard Florida, Robert Shiller, scientific management, secular stagnation, Silicon Valley, Silicon Valley startup, social intelligence, sovereign wealth fund, starchitect, the built environment, The Wealth of Nations by Adam Smith, Thomas L Friedman, total factor productivity, urban decay, urban planning, urban renewal, white flight, young professional, Zipcar

Greater Ottawa boasts large concentrations of communications equipment, information technology, business services, and education and knowledge creation industries. It is a classic postindustrial city, like D.C., offering a high quality of life. In the rankings for the Canadian edition of Who’s Your City?, it placed first for young professionals, first for families with children, first for retirees, second for young singles (after Calgary), and second for empty-nesters (after Toronto).5 College towns are miniversions of government boomtowns. With their economies bolstered by large universities, high levels of state funding, and jobs markets with high concentrations of “meds and eds”—that is, stable medical and education jobs—college towns have considerable resilience.

…

With a rate of 17.8 percent, the little-known blue-collar town of Elkhart, Indiana, had one of the highest rates of unemployment in the entire country.13 Detroit and places like it have reached an inflection point. I’d certainly expect them to shrink more quickly in the next several years than they have in the past few. But many people will stay—those with close family ties nearby or personal connections to the area; young professionals and creative types looking to take advantage of the city’s old industrial buildings and cheap real estate; as well as those whose houses are underwater or whose meager means make it impossible to relocate. Still, as population dips even lower, the struggle to provide services and prevent blight across an ever-emptier landscape will only intensify.

…

The landscape is postapocalyptic—with a small area of secured “Renaissance” towers, casinos, and stadiums ringed by abandoned lots and burned-out buildings. Not only did middle-class and immigrant families leave for the suburbs in search of lower crime and better schools, Detroit lost many of its young professionals, its gay community, and its creative class to older suburbs such as Ferndale and Royal Oak. So does Detroit have anything at all to work with? Of course it does. The metropolitan area is home to 4.2 million people, making it the nation’s eleventh largest. It has a world-class airport that is logistically well placed.

The Global Citizen: A Guide to Creating an International Life and Career by Elizabeth Kruempelmann

Berlin Wall, business climate, corporate governance, different worldview, Fall of the Berlin Wall, follow your passion, global village, job satisfaction, Menlo Park, money market fund, Nelson Mandela, young professional

If your skills are in high demand in the worldwide job market, then you’ll probably have an easier time getting hired by an international company regardless of your experience. Exceptions aside, if you want to work in an international company that 218 CHAPTER SEVEN will send you overseas, you increase your chances of success by having some overseas experience. Students and young professionals have many opportunities to do internships, volunteer abroad, participate in training programs, teach, or do other types of shortterm work. And that’s exactly what this chapter is about: showing you how to get basic experience to put you in a better position for a job overseas. Professionals or career changers who have been out of school for a while will find this catch-22 situation particularly difficult, especially if internships, volunteer programs, or teaching stints abroad are simply not options because you need to keep earning a salary to support yourself and your family.

…

If you don’t fall into one of these categories, you’re facing catch-22 #1 again. If you can’t find a company that is willing to send you abroad, here are a few alternatives to finding or creating international work. • Arrange a Work Permit through an Exchange Organization The easiest way for students, grads, and young professionals to get around the work permit issue, while simultaneously gaining that coveted first experience overseas, is to work, intern, volunteer, or teach through an organized workexchange program like the ones you’ll read about later in this chapter. Exchange organizations were created to facilitate academic and work exchanges across borders.

…

What Is a Work-Abroad Program? One of the easiest ways to get a work permit and find a job abroad is through a work-abroad program arranged through a university or an exchange organization. Work-abroad programs are geared mostly toward undergrad and graduate students, recent graduates, and young professionals; however, there are also many overseas teaching and volunteer programs for people of all ages. A work program or work exchange prearranges or helps you secure most (or all) of the following so you don’t have to: work and residency permits, accommodations, language courses, and an internship or job.

Retrofitting Suburbia, Updated Edition: Urban Design Solutions for Redesigning Suburbs by Ellen Dunham-Jones, June Williamson

accelerated depreciation, banking crisis, big-box store, bike sharing, call centre, carbon footprint, Donald Shoup, edge city, gentrification, global village, index fund, iterative process, Jane Jacobs, knowledge worker, land bank, Lewis Mumford, McMansion, megaproject, megastructure, Network effects, new economy, New Urbanism, off-the-grid, peak oil, Peter Calthorpe, place-making, postindustrial economy, Ray Oldenburg, Richard Florida, ride hailing / ride sharing, Savings and loan crisis, Seaside, Florida, Silicon Valley, skinny streets, streetcar suburb, the built environment, The Death and Life of Great American Cities, The Great Good Place, transit-oriented development, upwardly mobile, urban decay, urban renewal, urban sprawl, vertical integration, Victor Gruen, white flight, working poor, young professional, zero-sum game

Ambitious new public transit networks are being proposed, constructed, and integrated into rapidly redeveloping suburban contexts. Archaic zoning ordinances are being thoroughly overhauled to permit higher-density, mixed-use development, especially near new transit stations. New flats and townhouses are attracting young professionals, empty-nesters, single-parent families, and elders, people who historically have had limited housing choices in suburban areas and are projected to comprise up to 85% of new U.S. households in the next quarter century. Green parks are replacing parking lots, increasing permeable surface area even as densities increase.

…

And again, if we look to history, the population of Morningside Heights diversified over time as the buildings aged and their markets differentiated. As its inhabitants and buildings mature, Addison Circle’s wide, tree-lined sidewalks and art-filled common green may well accommodate a broader range of incomes and ages. In the meantime, the streetscapes of suburban retrofits accommodate the socializing activities of their many young professionals and shift the focus of suburban outdoor space from playgrounds and ball fields to more urban and public, and less family-centered, spaces. Belmar’s avant-garde Laboratory of Arts and Ideas and the museums of CityCenter Englewood and Mizner Park further enhance public life in these “instant cities.”

…

In the mid-twentieth century, when suburbs experienced a building boom of new single-family house subdivisions, census data indicate that about half of American households included children, but by 2000 only a third were households with children; meanwhile, the percentage of single-person households (young professionals and elders) had doubled.8 (See Figure 2–2.) In a provocative analysis based on demographic trends and the results of housing preference surveys, planner Arthur C. Nelson asserts that the United States may already contain all of the large-lot single-family houses required to meet the projected demand in 2025!

The Metropolitan Revolution: The Rise of Post-Urban America by Jon C. Teaford

anti-communist, back-to-the-city movement, big-box store, conceptual framework, desegregation, Detroit bankruptcy, East Village, edge city, estate planning, gentrification, Golden Gate Park, Gunnar Myrdal, Haight Ashbury, housing crisis, illegal immigration, Jane Jacobs, Joan Didion, low skilled workers, manufacturing employment, Nelson Mandela, New Urbanism, plutocrats, Potemkin village, rent control, restrictive zoning, Seaside, Florida, Silicon Valley, the built environment, The Death and Life of Great American Cities, upwardly mobile, urban planning, urban renewal, urban sprawl, Victor Gruen, War on Poverty, women in the workforce, young professional

What happened in central-city government or schools did not personally affect them. The middle-class Americans who chose to avoid the suburban lifestyle and live in the central city were most often those least dependent on central-city government services. The back-to-the-city movement appealed to childless young professionals who did not suffer personally from the poor quality of inner-city public schools. Central cities attracted these young adults as well as gays and others who did not want to share the American “norm” along the suburban fringe. In other words, by the close of the twentieth century, American metropolitan areas had become spatially and culturally fragmented, with enclaves for the middle-class nuclear family of father, mother, and two children; with special communities for senior citizens, where those over sixty could be isolated from the more youthful; with gentrifying communities for young singles and gays; and with incipient hubs of gentrification inhabited by artists and others who liked to deem themselves bohemian.

…

“Everywhere in the Lincoln Park/Lake View East area is evidence of a growing interest in rehabbing and revitalizing diverse housing stock that ranges from ornate, picturesque Victorian stone and frame houses to two-, three- and six-flats, to brownstones and graystones,” reported the Chicago Tribune in 1984. One of the commercial streets was “booming with shops catering to young professionals,” and “areas that once suffered from urban blight, poverty and gang troubles now see a lack of parking as a big headache.” Lincoln Park/Lake View East was the type of area where one could patronize gift shops with names like Pass The Salt & Pepper and enjoy the fare at Mama Desta Red Sea, Chicago’s first Ethiopian restaurant.16 By 1980, the median value of owner-occupied houses in Lincoln Park had risen to $123,700, as compared with the citywide median of $47,200.17 Typical of the residential offerings in the area was a complex of rental units “with hardwood floors, fireplaces, modern kitchens and exposed brick walls” that, according to a spokesperson for the owner, was on an “attractive tree-lined street near trendy boutiques and theaters.”

…

Lincoln Park/Lake View East was the type of area where one could patronize gift shops with names like Pass The Salt & Pepper and enjoy the fare at Mama Desta Red Sea, Chicago’s first Ethiopian restaurant.16 By 1980, the median value of owner-occupied houses in Lincoln Park had risen to $123,700, as compared with the citywide median of $47,200.17 Typical of the residential offerings in the area was a complex of rental units “with hardwood floors, fireplaces, modern kitchens and exposed brick walls” that, according to a spokesperson for the owner, was on an “attractive tree-lined street near trendy boutiques and theaters.” Recognizing the targeted market for her property, she concluded, “It’s a vibrant area for young professionals.”18 Across the country in one city after another, older neighborhoods were becoming trendy and attracting Yuppie dollars. Old Louisville was the principal example of gentrification and rehabilitation in Kentucky’s largest city. In 1970 all four of the district’s census tracts had median family incomes well below the citywide median; by 1980, the median family incomes in three of the four tracts had risen well above the citywide figure.19 In Saint Louis, the elegant nineteenth-century Lafayette Square neighbor-hood won acclaim for its successful rehabilitation.

Golden Gates: Fighting for Housing in America by Conor Dougherty

Airbnb, bank run, basic income, Bay Area Rapid Transit, Bernie Sanders, Big Tech, big-box store, business logic, California gold rush, carbon footprint, commoditize, death of newspapers, desegregation, do-ocracy, don't be evil, Donald Trump, edge city, Edward Glaeser, El Camino Real, emotional labour, fixed income, fixed-gear, gentrification, Golden Gate Park, Google bus, Haight Ashbury, Home mortgage interest deduction, housing crisis, illegal immigration, income inequality, Joan Didion, Marc Andreessen, Marc Benioff, mass immigration, new economy, New Urbanism, passive income, Paul Buchheit, Peter Thiel, rent control, rent-seeking, Richard Florida, Ronald Reagan, Salesforce, San Francisco homelessness, self-driving car, sharing economy, side hustle, side project, Silicon Valley, single-payer health, software is eating the world, South of Market, San Francisco, The Rise and Fall of American Growth, universal basic income, urban planning, urban renewal, vertical integration, white flight, winner-take-all economy, working poor, Y Combinator, Yom Kippur War, young professional

This was never more true than it was during one of the region’s periodic tech booms. During the late 1990s dot-com boom, a group called the Mission Yuppie Eradication Project started encouraging residents of San Francisco’s Mission District to vandalize parked SUVs on the logic that this would prompt young professionals to move to neighborhoods where their cars were safer (and the restaurants who catered to them to go out of business). Two decades later, when Sonja arrived at the beginning of a new boom tied to smartphones and social media, the yuppies had traded their SUVs for Ubers, so activists had instead taken to spray-painting the sidewalks with phrases like “Tech Scum” in nicely stenciled lettering.

…

It was hard to see this so clearly back then, but America was in the middle of a vast realignment that was fundamentally altering where we live, how we work, and the structure of our families. The early markers were all there. After decades of depopulation and white flight, cities were slowly coming back to life and attracting young professionals. Inequality was rising, homelessness appearing on city streets, and Silicon Valley establishing itself as the nation’s foremost center of technology and a really good place to get rich. Zoning rules and NIMBYism had nothing to do with these underlying trends. They would nevertheless run into them.

…

She recruited members on Twitter and by messaging people who espoused pro-development views in the comments sections of local news stories about new buildings. The SF BARF mailing list grew to a few hundred in a few months, attracting political novices who saw video of Sonja at public microphones and thought, “I guess you can do that?” Soon enough, a half dozen or more young professionals were showing up at afternoon planning meetings when everyone was supposed to be at work, and several times that at the biggest and most controversial or nighttime meetings, which were often followed by a trip to the bar. Sonja called it “socialization with a purpose.” Local media attention was immediate, and national attention followed.

Bikenomics: How Bicycling Can Save the Economy (Bicycle) by Elly Blue

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, active transport: walking or cycling, American Society of Civil Engineers: Report Card, autism spectrum disorder, big-box store, bike sharing, Boris Johnson, business cycle, car-free, congestion pricing, Donald Shoup, food desert, hydraulic fracturing, if you build it, they will come, Induced demand, job automation, Loma Prieta earthquake, medical residency, oil shale / tar sands, parking minimums, peak oil, Ponzi scheme, power law, ride hailing / ride sharing, science of happiness, the built environment, Tragedy of the Commons, urban renewal, women in the workforce, working poor, young professional

Despite a long history of discrimination and unequal access, this has never been widely true, and today the barriers are coming down rapidly, thanks in part to the growing inclusivity of traditional bicycle advocates, but in much larger part to the efforts and leadership of a growing number of grassroots social and advocacy groups. Just like how neighborhoods where people of color live are often passed over by the type of infrastructure reforms that benefit the community, when those benefits do go in, they are all too often treated as development tools with the goal of raising property values and attracting young, professional newcomers to move in. As a result, longtime residents and renters often find themselves priced out of their own neighborhood—replaced by comparatively welloff white people. That this practice produces bitterness is understandable. That bicycling comes to represent it is a shame. In Portland, the divide is especially strong.

…

The more car-reliant your daily life is, the lower the threshold becomes for frailness, injury, or failing eyesight to be experienced as outright disabling. In the next twenty years, the number of elderly people with drivers licenses in the U.S. is expected to triple. Many in the baby boomer generation are already opting to move back to the urban areas they fled as young professionals. As our population ages, the demand for real, safe, convenient alternatives to driving is only going to become more apparent, and expensive stop gap measures like transit shuttles are going to become less and less effective. The very young suffer as much in a car-oriented world as the very old.

…

Most narratives about the economic benefits of bicycling focus on the success stories of places like Magnolia Street in Fort Worth or Broad Avenue in Memphis. City planners, bike-friendly politicians, and bicycle advocates love to make the points that creating good bicycle access is a cost-effective way to improve certain types of retail earnings, attract creative young professionals, and raise property values in an urban business district. Plenty of business owners are realizing the very real benefits to integrating bicycling into their business, from encouraging employees to ride to welcoming bicycling clients to advocating for safe bike routes to their door. It’s tempting for cities to focus on the low hanging fruit, improving a few streetscapes while neglecting the urgent transporation needs of people living in outlying areas.

House of Debt: How They (And You) Caused the Great Recession, and How We Can Prevent It From Happening Again by Atif Mian, Amir Sufi

Andrei Shleifer, asset-backed security, balance sheet recession, bank run, banking crisis, behavioural economics, Ben Bernanke: helicopter money, break the buck, business cycle, Carmen Reinhart, collapse of Lehman Brothers, creative destruction, debt deflation, Edward Glaeser, en.wikipedia.org, financial innovation, full employment, high net worth, Home mortgage interest deduction, housing crisis, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, liquidity trap, Long Term Capital Management, low interest rates, market bubble, Martin Wolf, money market fund, moral hazard, mortgage debt, negative equity, paradox of thrift, quantitative easing, Robert Shiller, Robert Solow, school choice, seminal paper, shareholder value, subprime mortgage crisis, the payments system, the scientific method, tulip mania, young professional, zero-sum game

Fiscal policy is an attempt to replicate debt restructuring, but it is particularly problematic in the United States, where government revenue is raised from taxing income, not wealth.20 The creditors whom the government should tax tend to be the wealthiest people in the economy, which is why they are able to lend to borrowers. But the wealthy do not necessarily have high incomes; similarly, those with high incomes are not necessarily wealthy. For example, a retired investment banker may have no income but high wealth, whereas a young professional couple may have high income but low wealth. Think of the young professional couple just starting their post–graduate school jobs. They have high income but almost no wealth. Their MPC out of income may be very high: they expect a steady stream of high income but need to make large capital investments upfront on things like furnishing their first apartment.

…

He must “consume” a car, and such consumption is now more expensive. The exact same logic applies to housing. But we have already seen that home owners did in fact borrow aggressively during the 2002–2006 period.16 Why? One “rational” explanation that economists have put forward is the idea of borrowing constraints. Imagine a young professional couple with high income prospects. They have two young children at home, and as a result the mother has temporarily decided to stay home with the kids. However, she expects to go back to work in a few years and earn a high income. The household in our example temporarily has low income but expects much higher income in the future.

Cyprus - Culture Smart!: The Essential Guide to Customs & Culture by Constantine Buhayer

banking crisis, British Empire, business climate, centre right, COVID-19, financial independence, glass ceiling, Google Earth, haute cuisine, Kickstarter, lockdown, low cost airline, offshore financial centre, open economy, Skype, women in the workforce, young professional

On the Turkish side the wall is concrete and looks like a permanent military border. Are Differences Cultural or Political? I was fortunate to be the only observer allowed at a week-long symposium held behind closed doors for young Cypriot professionals from both communities. This was the first encounter between groups of young professionals from each community since partition (and before the Green Line had opened up). Events were structured to initiate intercommunal engagement and the sharing of experiences and aspirations. In the debates, the Turkish Cypriots were reserved and initially contributed only if invited by the chairman.

…

In truth, good prospects for young people are a bit thin; salaries in 2022 could be as low as €400 a month. This is mitigated by the fact that many have somewhere parental to stay. The Covid 19 pandemic did little to improve their chances of work, and many have had to move abroad. Since the 1990s they have been leaving as young professionals with diplomas in their hands, some perchance dreaming of following in the footsteps of Nicosia-born Sir Christopher Pissarides and, like him, winning the Nobel Prize in Economics. At home, mixed marriages are increasing; however, the Greek Orthodox Church will not condone marriage to someone of a different religion, and spouses from different Christian denominations will need to be baptized Orthodox.

Why Startups Fail: A New Roadmap for Entrepreneurial Success by Tom Eisenmann

Airbnb, Atul Gawande, autonomous vehicles, Ben Horowitz, Big Tech, bitcoin, Blitzscaling, blockchain, call centre, carbon footprint, Checklist Manifesto, clean tech, conceptual framework, coronavirus, corporate governance, correlation does not imply causation, COVID-19, crowdsourcing, Daniel Kahneman / Amos Tversky, data science, Dean Kamen, drop ship, Elon Musk, fail fast, fundamental attribution error, gig economy, growth hacking, Hyperloop, income inequality, initial coin offering, inventory management, Iridium satellite, Jeff Bezos, Jeff Hawkins, Larry Ellison, Lean Startup, Lyft, Marc Andreessen, margin call, Mark Zuckerberg, minimum viable product, Network effects, nuclear winter, Oculus Rift, PalmPilot, Paul Graham, performance metric, Peter Pan Syndrome, Peter Thiel, reality distortion field, Richard Thaler, ride hailing / ride sharing, risk/return, Salesforce, Sam Altman, Sand Hill Road, side project, Silicon Valley, Silicon Valley startup, Skype, social graph, software as a service, Solyndra, speech recognition, stealth mode startup, Steve Jobs, TED Talk, two-sided market, Uber and Lyft, Uber for X, uber lyft, vertical integration, We wanted flying cars, instead we got 140 characters, WeWork, Y Combinator, young professional, Zenefits

You’ll meet these entrepreneurs and learn about their experiences later in the book. The first, Triangulate, had assembled a talented team to create and operate online dating sites. The second, Quincy, had come up with a terrific idea: to sell stylish, affordable, better-fitting work apparel for young professional women. I’d encouraged my students to launch both of these ventures, and I was also an investor in Quincy. Yet, despite their strong promise, both of these startups failed. Why? In each instance, I could list many possible reasons, but I couldn’t pinpoint the root cause. This was unnerving: Here I was, an academic expert teaching some of the country’s brightest business minds how to give their future companies the best shot at success, yet I was a failure at explaining how they could avoid failure.

…

For example, Jibo was aimed at consumers looking for functional utility from a voice assistant—managing a calendar, providing weather and traffic reports, etc.—and at those who sought companionship. More typically, startups focus on a single segment when they commence operations. Quincy, for example, elected to target young professional women, but not college students who’d need a work wardrobe after graduating. Entrepreneurs face trade-offs when deciding how many segments to target initially. Obviously, a startup has the potential to earn more revenue if it can successfully sell to multiple segments. But creating a single product that meets the different needs of multiple segments can result in a bloated, unfocused offering—one that aims to be all things to all people but does not delight anyone.

…

CHAPTER 3 Good Idea, Bad Bedfellows In May 2011, when two of my former students came to me for feedback on their idea for a startup, I was intrigued. Alexandra Nelson and Christina Wallace had a promising concept: They wanted to produce affordable, stylish, and better-fitting work apparel for young professional women. Their “secret sauce” would be a sizing scheme that allowed customers to specify four separate garment measurements (waist-to-hip ratio, bra size, etc.)—akin to the approach used for men’s suiting. They’d devised a novel solution for what seemed to be a strong, unmet customer need. But instead of following the traditional playbook of trying to secure distribution in department stores or retail chains, Quincy’s founders decided that theirs would be a direct-to-consumer brand—a business model gaining favor following the success of Bonobos and Warby Parker.

Who's Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life by Richard Florida

Abraham Maslow, active measures, assortative mating, back-to-the-city movement, barriers to entry, big-box store, blue-collar work, borderless world, BRICs, business climate, Celebration, Florida, correlation coefficient, creative destruction, dark matter, David Brooks, David Ricardo: comparative advantage, deindustrialization, demographic transition, edge city, Edward Glaeser, epigenetics, extreme commuting, financial engineering, gentrification, Geoffrey West, Santa Fe Institute, happiness index / gross national happiness, high net worth, income inequality, industrial cluster, invention of the telegraph, Jane Jacobs, job satisfaction, Joseph Schumpeter, knowledge economy, knowledge worker, low skilled workers, megacity, new economy, New Urbanism, Peter Calthorpe, place-making, post-work, power law, Richard Florida, risk tolerance, Robert Gordon, Robert Shiller, Seaside, Florida, Silicon Valley, Silicon Valley startup, superstar cities, The Death and Life of Great American Cities, the strength of weak ties, The Wealth of Nations by Adam Smith, Thomas L Friedman, Tyler Cowen, urban planning, World Values Survey, young professional

Older suburbs can appeal to young people for these reasons. Some are located on subway or mass transit lines that make commuting easier. All in all, they offer younger residents safety, amenities, and access to a mating market without some of the risks of living in the urban core. These types of neighborhoods also fit the needs of many young professionals in their thirties, whether single or coupled, many of whom have decided to remain in one place for a while. But for those whose income tempts them into high-end living—or for those who just want to live as if they had a lot of money (even if they don’t)—there is a pricier kind of city neighborhood: designer digs.

…

It’s not just rampant gentrification and the “blanding” of our cities that worry me, it’s that the big sort is wreaking havoc on our social fabric, dividing and segregating societies across class lines. For every young person who moves into an urban mosaic or a hipster haven, it is likely that a lower-income family has been driven out. For every young professional who finds him- or herself living the good life in a designer digs community, many more lower- and working-class households struggle to find affordable rental housing that will allow them to raise their families and make ends meet. City neighborhoods are a perfect microcosm of the rooted versus mobile phenomenon.

…

After years of raising kids and taking care of large houses, an increasing share of this demographic is interested in downsizing and returning to the hustle and bustle of urban neighborhoods. “We don’t want to be slaves to our house forever,” is how one of my former Washington, D.C., neighbors put it. Many empty nesters find themselves drawn to the same neighborhoods that attract young professionals and many people in the gay community. One reason is the obvious: no kids. Another is a common preference for proximity and urban amenities. A growing number of empty nesters have become re-singled, and by joining communities where they can make friends and meet other unattached people, they are able to form their own version of midlife urban tribes.

The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture by Scott Belsky

23andMe, 3D printing, Airbnb, Albert Einstein, Anne Wojcicki, augmented reality, autonomous vehicles, behavioural economics, Ben Horowitz, bitcoin, blockchain, Chuck Templeton: OpenTable:, commoditize, correlation does not imply causation, cryptocurrency, data science, delayed gratification, DevOps, Donald Trump, Elon Musk, endowment effect, fake it until you make it, hiring and firing, Inbox Zero, iterative process, Jeff Bezos, knowledge worker, Lean Startup, Lyft, Mark Zuckerberg, Marshall McLuhan, minimum viable product, move fast and break things, NetJets, Network effects, new economy, old-boy network, Paradox of Choice, pattern recognition, Paul Graham, private spaceflight, reality distortion field, ride hailing / ride sharing, Salesforce, Sheryl Sandberg, Silicon Valley, skeuomorphism, slashdot, Snapchat, Steve Jobs, subscription business, sugar pill, systems thinking, TaskRabbit, TED Talk, the medium is the message, Tony Fadell, Travis Kalanick, Uber for X, uber lyft, WeWork, Y Combinator, young professional

Before cofounding The Muse, a popular New York–based career website, Kathryn Minshew was fired from another company she had founded previously, Pretty Young Professionals. Working at McKinsey in 2010, Minshew and three colleagues, all young women, cofounded Pretty Young Professionals (PYP), a pink, stiletto-clad women’s networking site. In December 2010, Minshew became the first to quit McKinsey, agreeing to run PYP full-time as an unpaid CEO and editor in chief. Describing this decision in 2010, she told Forbes’s Peter Cohen, “There is huge potential in providing useful, empowering content to young professional women. Smart women have a dearth of smart content choices.” This mission acutely foreshadows The Muse, which now serves fifty million users, more than 65 percent of whom are women.

…

., 199–202 perseverance, persistence, 62, 79, 85 perspective, 40–42, 66, 74, 326 quitting and, 62–64 Photoshop, 10, 144, 159, 162, 185, 206–7, 238–39, 270, 347 Pine Street, 125 Pinterest, 10, 64, 86–87, 94, 112, 158–59, 165, 174, 204, 233, 248, 319 Pixar, 141 placebo, 59–61 planning, 93, 280–81 polarizing people, 114–15 PolitiFact, 303 positive feedback, and hard truths, 28–31 Post-it notes, 325 pragmatists, 295, 296 Prefer, 28, 298, 299 preparedness, 16 presenting ideas, vs. promoting, 164–65 press, 265–66, 336 Pretty Young Professionals (PYP), 72–73 Principles (Dalio), 306, 307 problem solving, 209 big vs. small problems, 180–82, 322 explicitness and, 173–74 process, 153–57 Proctor & Gamble, 143 product(s), 8, 29 brand fit and, 256, 257 complexity in, 209–10, 217 explicitness in, 174–75, 271 founder fit and, 256 life cycle of, 209–10, 217 market fit and, 256 minimum viable (MVP), 86, 186, 195, 252 paradox of success of, 216 power users of, 217 products used to create, 143–45 simplicity in, 209, 210–11, 216–18, 271 product, optimizing, 17, 209–75 anchoring to your customers, 247–75 being first, 264–66 disproportionate impact and, 267–68 empathy and humility before passion, 248–50 engaging the right customers at the right time, 251–54 and measuring each feature by its own measure, 269–70 mystery and engagement in, 271–73 narrative in, 255–57 and playing to the middle, 274–75 and role of leaders in communities, 258–61 sales and, 262–63 simplifying and iterating, 213–46 and believing in the product, 223–25 creativity and familiarity in, 226–27 and design as invisible, 230–31 doing, showing, and explaining, 238–39 “first mile” and, 232–34 identifying what you’re willing to be bad at, 214–15 inbred innovations and, 245–46 incrementalism and assumptions in, 242–44 killing your darlings, 219–22 for laziness, vanity, and selfishness, 235–37 making one subtraction for every addition, 216–18 novelty and utility in, 240–41 scrutiny and flaws in, 228–29 productivity, 179, 180–82, 187, 322, 324, 325 measures of, 78–79 performance and, 214 promoting ideas, vs. presenting, 164–65 promotions, 130 progress, 24–25, 31, 40, 47, 64, 75, 83, 85, 160, 179, 181, 349 conflict avoidance and, 185–86 process and, 154 progress bars, 181 prototypes and mock-ups, 161–63 Psychological Bulletin, 272 psychological safety, 122 Psychological Science, 272–73 psychology, 316, 317 Quartz, 37–38, 108, 301 questions, 69–71, 183–84, 321 Quiller-Couch, Arthur, 220 Quinn, Megan, 303–4 quitting, perspective and, 62–64 Quora, 138, 167 Rad, Sean, 259 Radcliffe, Jack, 197 Rams, Dieter, 230 reactionary workflow, 327, 328 Ready, The, 179 reality-distortion field, 41 Reboot, 327 Reddit, 261, 300, 302 rejection, 58 relatability, 57 relationships: commitments and, 283–84 and how others perceive you, 316–17 negotiation and, 286–87 REMIX, 165 resets, 63–64, 72–75 resistance, fighting, 35–36 resourcefulness, and resources, 100–102 reward system, short-circuiting, 24–27 Rhode Island School of Design, 186, 354 rhythm of making, 16 Ries, Eric, 194 risk, 122, 316, 337 ritual, 328 rock gardens, 67–68 routines, 323 ruckus, making, 337–38 Saatchi Online, 89 Sabbath Manifesto, 327–28 safety, psychological, 122 Sakurada, Isuzu, 361–62 salaries, 141–42 sales, salespeople, 262–63 Salesforce, 159, 204 Sandberg, Sheryl, 39 Santa Fe, USS, 167 satisficers, 229, 284–85 scalability, 242 Schouwenburg, Kegan, 50–51 Schwartz, Barry, 284–85 science vs. art of business, 310–13 Seinfeld, Jerry, 250 self, optimizing, 8, 17, 277–338 crafting business instincts, 293–313 auditing measures instead of blindly optimizing, 297–99 data vs. intuition in, 300–304 mining contradictory advice and developing intuition, 294–96 naivety and openness in, 308–9 science vs. art of business, 310–13 stress-testing opinions with truthfulness, 305–7 planning and making decisions, 279–92 focus and choice, 282–85 making a plan vs. sticking to it, 280–81 negotiation in, 286–87 sunk costs and, 291–92 timing and, 288–90 sharpening your edge, 315–28 building a network and increasing signal, 320–21 commitments and, 318–19 disconnecting, 326–28 and how you appear to others, 316–17 leaving margins for the unexpected, 324–25 values and time use, 322–23 staying permeable and relatable, 329–38 attention and, 335–36 credit-seeking and, 330–32 and making a ruckus, 337–38 removing yourself to allow for others’ ideas, 333–34 self-awareness, 54–56, 305–7 selfishness, laziness, and vanity, 235–37 setbacks, 41 70/20/10 model for leadership development, 125 Shapeways, 50 Shiva, 374 shortcuts, 85 signal and noise, 320–21 Silberman, Ben, 86–87, 94, 112, 165, 319 Silicon Valley, 86 Simon, Herbert, 229, 284 SimpleGeo, 267 Sinclair, Jake, 334 skills, and choosing commitments, 283–84 Skybox, 101 sky decks, 117 Slack, 139, 210, 241 Slashdot, 295 Smarter Faster Better (Duhigg), 180 Smith, Brad, 373 Snapchat, 70, 189, 210, 227, 249 Snowden, Eric, 48, 162 Social Capital, 107 social media, 70, 139, 195, 210, 235–36, 243 solar eclipse, 300–302 SOLS, 50–51 Song Exploder, 333 Sonnad, Nikhil, 301–2 Sonos, 275 Southwest Airlines, 214–15 Soyer, Emre, 32–33 SpaceX, 168 Spark, 303 speed, 194–98 Spiegel, Evan, 249 Spot, 256, 257 Square, 303–4 Squarespace, 312 Stafford, Tom, 291 stand-ins, 297–98 start, 1, 6–8, 13, 209, 331 Statue of Liberty, 200 Stein, Dave, 280 Steinberg, Jon, 44–45, 313 Stitch Fix, 79 story, see narrative and storytelling Stratechery, 135 strategy, patience and, 80–85 strengths, 29, 54, 95, 214 stretch assignments, 130 structure, rules for, 150–52 StumbleUpon, 112, 256 Stumbling on Happiness (Gilbert), 196 suffering, 35–36, 131 Summers, Larry, 108 sunk costs, 64, 71, 185, 291–92 Super Bowl, 273 superiority, sense of, 331–32 suspension of disbelief, 60–61 Suster, Mark, 204–5 Swarthmore College, 229 sweetgreen, 10, 151, 217, 221, 233, 245–46, 310 Systemized Intelligence Lab, 306 Systems Thinking, 283 Systrom, Kevin, 36 Taflinger, Richard, 38 talent, 119–25, 127, 187 Talk of the Nation, 196 TaskRabbit, 259 team, 39, 331, 332 energy and, 43–45 perspective and, 40–42 team, optimizing, 8, 17, 97–207, 211 building, hiring, and firing, 99–131 discussions and, 112–13 diversity in, 106–9 firing people to keep good people, 126–28 grafting and recruiting talent, 119–25 hiring people who have endured adversity, 110–11 immune system in, 116–18 initiative and experience in, 103–5 keeping people moving, 129–31 polarizing people and, 114–15 resourcefulness and resources in, 100–102 clearing the path to solutions, 177–207 big and small problems, 180–82 bureaucracy, 183–84 competitive energy, 187–91 conflict avoidance, 185–86 conviction vs. consensus, 203–5 creative block, 192–93 forgiveness vs. permission, 199–202 organization debt, 178–79 and resistance to change, 206–7 speed in, 194–98 culture, tools, and space, 133–48 attribution of credit, 146–48 free radicals and, 137–39 frugality and, 140–42 stories and, 134–36 tools, 143–45 structure and communication, 149–76 communication, 170–76 delegation, 166–69 merchandising, internal, 158–60 mock-ups for sharing vision, 161–63 presenting vs. promoting ideas, 164–65 process in, 153–57 rules in, 150–52 technology, 328, 371 TED, 62, 116, 305 teleportation, 70, 264 Temps, 201 10 Principles of Good Design (Rams), 230 Teran, Dan, 221 Tesla, 273 think blend, 33 Thomas, Frank, 222 Thompson, Ben, 135 Threadless, 267 time, use of, 210, 283, 299 leaving margins, 324–25 money and, 370–72 values and, 322–23 time-outs, 74 timing, 288–90, 332 decision making and, 289–90 investment and, 290 leader and, 288–89 Tinder, 259–60 Tiny, 294 Todd, Charlie, 113 Todoist, 229 tools, 143–45 Topick, 249 transparency, 259–60, 287 triggers, 55 Trump, Donald, 273, 302–3 truth(s), 71, 174, 193, 331, 338 creative block and, 192–93 hard, 28–31 stress-testing opinions with, 305–7 about time use, 323 Turn the Ship Around!

Palaces for the People: How Social Infrastructure Can Help Fight Inequality, Polarization, and the Decline of Civic Life by Eric Klinenberg

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, American Society of Civil Engineers: Report Card, assortative mating, basic income, Big Tech, big-box store, bike sharing, Black Lives Matter, Broken windows theory, carbon footprint, Cass Sunstein, classic study, clean water, deindustrialization, desegregation, digital divide, Donald Trump, East Village, fake news, Filter Bubble, food desert, gentrification, ghettoisation, helicopter parent, income inequality, informal economy, invisible hand, Jane Jacobs, John Snow's cholera map, late fees, Mark Zuckerberg, mass incarceration, megaproject, Menlo Park, New Urbanism, opioid epidemic / opioid crisis, Peter Thiel, public intellectual, Ray Oldenburg, Richard Florida, Ronald Reagan, Rosa Parks, shareholder value, Silicon Valley, smart grid, the built environment, The Death and Life of Great American Cities, The Great Good Place, the High Line, universal basic income, urban planning, young professional

The Seward Park Library, a stately red brick and limestone Italian Renaissance building at the edge of the nation’s first municipal playground, Seward Park, might look elite and exclusive. It’s a gorgeous structure, built from the opulence of a previous gilded age. But the library, which sits at the point of convergence for Chinatown, a mass of public housing projects, and a rapidly developing urban glamour zone for young professionals, has long been the heart of the Lower East Side community. Its doors are open to everyone, and everyone comes. For the past 170 years, the Lower East Side has been a popular neighborhood for poor immigrants, in part because its location, on low-lying land near the river, made it unattractive for those who could afford a nicer setting, but mostly because—to this day—it has thousands of apartment buildings where enormous numbers of people squeeze into units that look a lot like the tenements that zoning codes no longer allow.

…

The library itself, a regal, four-story structure with high arched windows and an imposing, rusticated limestone base, is at the northeast corner of the park, and there’s a large public space with long stone benches in front of the entrance. I arrived there a few minutes before 10 a.m., when the library opens, and found fourteen people scattered around the area, some hovering by the door or on the short stone staircase leading up to it, others standing on the asphalt below. There was a young professional couple: he held a paper coffee cup from the gourmet café across the street; she held two DVDs. There was an old Jewish woman, hair wrapped in a kerchief, carrying a small book bag and talking to a gray-haired man in jeans and a parka about Donald Trump. Two heavyset Latinas in their thirties or forties rested against the rail on the stairway, arms folded, occasionally reaching for a phone.

…

“I am embarrassed to say that I did not fully appreciate the very real and troubling issue of gentrification, and I want to sincerely apologize to those who understand firsthand the hardship and cultural consequences that gentrification has caused,” said Herbert in a Facebook post after the protests began. But this hardly satisfied his critics, who have continued pressing for their neighborhood to preserve places where everyone, not only affluent young professionals, feels at home. Residents of the Cabrini-Green housing projects in Chicago organized a similar protest movement in the late 1990s, when the city announced that it would soon demolish, privatize, and revitalize the public housing stock, and civic groups accused officials of pushing poor African Americans off what had become valuable urban real estate.

Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits by Kevin Roose

activist fund / activist shareholder / activist investor, Basel III, Bear Stearns, Carl Icahn, cognitive dissonance, collateralized debt obligation, Credit Default Swap, credit default swaps / collateralized debt obligations, deal flow, discounted cash flows, Donald Trump, East Village, eat what you kill, eurozone crisis, financial engineering, fixed income, forward guidance, glass ceiling, Goldman Sachs: Vampire Squid, hedonic treadmill, information security, Jane Street, jitney, junk bonds, Kevin Roose, knowledge worker, Michael Milken, new economy, Occupy movement, off-the-grid, plutocrats, proprietary trading, Robert Shiller, selection bias, shareholder value, side project, Silicon Valley, Skype, Steve Jobs, tail risk, The Predators' Ball, too big to fail, two and twenty, urban planning, We are the 99%, work culture , young professional

After thousands of hours of preparation, dozens of interviews and expertly crafted e-mails, and one extremely lucky break, he had finally become a junior investment banker at a major Wall Street firm—the job he’d been chasing for years. Nine months earlier, Arjun’s plans had been derailed by the financial crisis. The Queens-born son of a data engineer father and a social worker mother who had both emigrated from India to New York as young professionals, he headed into the fall of his senior year with a prestigious job offer at one of the best banks on Wall Street: Lehman Brothers. Arjun felt lucky to have gotten Lehman’s attention in the first place. He attended Fordham University, a Jesuit school in the Bronx that, while strong academically, wasn’t among Wall Street’s so-called target schools, a group that generally included the Ivies, plus schools like Stanford, New York University, Duke, and the University of Chicago.

…

This installment of Fashion Meets Finance, held after a yearlong break, had undergone a significant rebranding. Now, it was being billed as a charity event (proceeds were going to a nonprofit focused on Africa), and the cringe-worthy marketing slogans had been erased. Now, the financiers and fashionistas were joined by a smattering of young professionals from other industries: law, consulting, insurance, even a few female bankers. I met up with Beth Newill, a fashion marketer who started Fashion Meets Finance in 2007, and who said that the social and romantic appeal of finance jobs, while better than it was at the depths of the crisis, had still not attained its full pre-crash glory.

…

They were laying off thousands of people, cutting back on salaries and bonuses, and nixing recruiting events for college students. And they were still unpopular as a result of the crisis. A 2011 survey conducted by the consulting firm Universum ranked Google, Apple, and Facebook as the most coveted workplaces in America among young professionals; JPMorgan Chase, the highest-ranking Wall Street bank on the survey, was forty-first. Given the choice between crunching Excel spreadsheets at a bank in a shrinking and reviled industry and working at a beloved tech company where they could wear jeans to work, get perks like free catered lunch and massages at work, and live on a much less demanding schedule while still making lucrative wages, many bank analysts were finding the balance tipping in Silicon Valley’s favor.

Democracy and Prosperity: Reinventing Capitalism Through a Turbulent Century by Torben Iversen, David Soskice

Andrei Shleifer, assortative mating, augmented reality, barriers to entry, Big Tech, Bretton Woods, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, central bank independence, centre right, clean tech, cloud computing, collateralized debt obligation, collective bargaining, colonial rule, confounding variable, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, deindustrialization, deskilling, Donald Trump, first-past-the-post, full employment, general purpose technology, gentrification, Gini coefficient, hiring and firing, implied volatility, income inequality, industrial cluster, inflation targeting, invisible hand, knowledge economy, labor-force participation, liberal capitalism, low skilled workers, low-wage service sector, means of production, middle-income trap, mirror neurons, mittelstand, Network effects, New Economic Geography, new economy, New Urbanism, non-tariff barriers, Occupy movement, offshore financial centre, open borders, open economy, passive investing, precariat, race to the bottom, radical decentralization, rent-seeking, RFID, road to serfdom, Robert Bork, Robert Gordon, Silicon Valley, smart cities, speech recognition, tacit knowledge, The Future of Employment, The Great Moderation, The Rise and Fall of American Growth, the strength of weak ties, too big to fail, trade liberalization, union organizing, urban decay, vertical integration, Washington Consensus, winner-take-all economy, working-age population, World Values Survey, young professional, zero-sum game

In addition, more than half of young people (and a greater proportion of young women) now go through some form of higher education, contrasting to the elite-driven postwar world in which only a small minority went to university. And large successful growing cities attracting skill clusters and young professionals and innovative companies as well as high value-added services have reversed the suburbanization movement of earlier postwar decades (Glaeser, Kallal et al. 1992). But if this is a period of massive change it is also a period of massive dislocation. As we discussed in the previous chapter, it has generated major increases in income and wealth inequality, which marks an unwinding, and then a reversal, of the movement toward equality of the postwar decades (Atkinson and Piketty 2011).

…

For the private sector, therefore, rate of return calculations would have shown a very low rate of return on such projects. Public actors could have stepped in to push for rapid mass transport systems to link agglomerative cities to peripheral areas, but this only happened to a limited extent, although there is considerable cross-national variation. In general, young professionals and public authorities have strong reasons for promoting gentrification, because it typically involves many young graduates simultaneously, and thus presents much less of a collective action problem than might be remotely involved in developing a commuter community in a peripheral area without mass transport.

…

Riding the vision and the deep art-world connections of local businessman Frank Panduro, a progress-minded city government upgraded its museums, opened a new theatre, developed a vibrant music scene that brought a “who’s who” of the biggest names in rock and roll to give concerts, and turned its main street into an attractive pedestrian area for shopping and dining. With frequent train service to Aarhus and next to an expressway, commuting to Aarhus takes about half an hour by car or train. This combination of easy transit and a lively cultural scene, as well as affordable, family-friendly housing, convinced many young professionals with families working in Aarhus to reside in Horsens. There are still many older middle-class residents with roots in the industrial economy who feel they have lost out, but by investing heavily in culture Horsens has attracted a commuter network of well-educated professionals who are integrated in a regional knowledge cluster (which increasingly includes the town itself), pointing to a brighter future.

Tenants: The People on the Frontline of Britain's Housing Emergency by Vicky Spratt

Airbnb, Albert Einstein, basic income, Big bang: deregulation of the City of London, Black Lives Matter, Boris Johnson, British Empire, Buy land – they’re not making it any more, call centre, Capital in the Twenty-First Century by Thomas Piketty, centre right, clean water, coronavirus, COVID-19, credit crunch, cryptocurrency, edge city, en.wikipedia.org, full employment, garden city movement, gender pay gap, gentrification, gig economy, global pandemic, housing crisis, Housing First, illegal immigration, income inequality, Induced demand, Jane Jacobs, Jeremy Corbyn, land bank, land reform, land value tax, lockdown, longitudinal study, low interest rates, mass immigration, mega-rich, meta-analysis, negative equity, Overton Window, Own Your Own Home, plutocrats, quantitative easing, rent control, Right to Buy, Rishi Sunak, Rutger Bregman, side hustle, social distancing, stop buying avocado toast, the built environment, The Death and Life of Great American Cities, The Spirit Level, The Wealth of Nations by Adam Smith, trickle-down economics, universal basic income, urban planning, urban renewal, working-age population, young professional, zero-sum game

From 2014 until 2020, when he handed over the reins, he was the director of the lobby group Generation Rent, which made it its mission to champion the rights of private renters long before anyone else was seriously engaged with the issue, making a virtue of the growing sympathy for young professionals and gaining significant media attention as a result. ‘When I started out, the main issue the media were interested in was how difficult it was to buy a home – particularly for young professionals,’ he told me in 2019. ‘There just wasn’t a huge amount of interest in stories that lay outside of that scenario – and we’d get a lot of requests to comment on the latest house price index. Recently, journalists have had to delve deeper and explore why renting is so inadequate.

…

Recently, journalists have had to delve deeper and explore why renting is so inadequate. As the renters’ movement has developed, our collective understanding of the landscape has improved – become more nuanced – and we’ve been able to help people who aren’t young professionals to tell their stories, but it’s taken time for the media to take the same interest in those stories.’ Politicians, often well-meaningly, also seized on the story of Generation Rent. Conservative peer and former Minister of State for Universities and Science Lord David Willetts took on young people’s plight with well-intentioned zeal but inadvertently stoked intergenerational conflict by accusing the Baby Boomer generation (to which Tony belongs) of ‘stealing their children’s future’.

…

Barry’s story is one of someone at the sharp end of homelessness, but if the extremes of his situation – addiction and long-term rough sleeping – can be overcome by something as simple as a stable and secure home, imagine what could be achieved if we made sure struggling families, single mothers and young professionals had the same stable base from which to move through the world. What else could they turn their energy to? What kind of society would we have if they did? It is therefore possible to apply the Housing First principle – that nobody can be expected to do anything if they don’t have a safe, secure and affordable home as a base, that nobody can live a stable and fulfilling life without housing security – to the crisis in the private rented sector.

Lonely Planet Pocket Barcelona by Lonely Planet, Anthony Ham

Frank Gehry, gentrification, glass ceiling, young professional

Start with the sautéed frogs’ legs or escalivada (baked vegetables with anchovies) and move on to a range of meat and seafood mains; we liked the monkfish and crayfish in a romesco sauce. You’ll hear a lot of Catalan here – a good sign. (Carrer d’En Gignàs 16; meals €30-40; lunch & dinner Tue-Sat, lunch Sun Sep-Jul; Jaume I) 8 Pla Fusion €€ Offline map Google map The most chic choice in the Gothic quarter, Pla is a popular dining destination for young professionals. Chef Sergio Sánchez serves up wonderful dishes that, when we visited, included braised lamb in its own juice, light white-bean purée, glazed potatoes and leeks with a touch of thyme. The focus is modern Mediterranean, all served beneath a splendid medieval stone arch. (www.elpla.cat; Carrer de la Bellafila 5; meals €45-50; dinner; Jaume I) Understand Growth of a City The Romans were, in the 1st century BC, the first to build a lasting settlement on the plain where Barcelona now sprawls.

…

To soak up the clamour from a front-row vantage point, stop by Bar Pinotxo (Click here ). Local Life Revelling in El Raval El Raval is a neighbourhood whose contradictory impulses are legion. This journey through the local life of the barrio takes you from haunts beloved by the savvy young professionals moving into the area to gritty streetscapes and one-time slums frequented by Barcelona’s immigrants and street-walkers. En route, we stop at places that, unlike the rest of the neighbourhood, haven’t changed in decades. A Neighbourhood Square For a slice of local life, the Plaça de Vincenç Martorell is difficult to beat.

Social Class in the 21st Century by Mike Savage

Bullingdon Club, call centre, Capital in the Twenty-First Century by Thomas Piketty, Clapham omnibus, Corn Laws, deindustrialization, deskilling, Downton Abbey, emotional labour, financial independence, gender pay gap, gentrification, Gini coefficient, income inequality, liberal capitalism, Mark Zuckerberg, megacity, meritocracy, moral panic, New Urbanism, Occupy movement, old-boy network, precariat, psychological pricing, Sloane Ranger, The Spirit Level, the strength of weak ties, unpaid internship, upwardly mobile, very high income, winner-take-all economy, young professional

Indeed, one might even think of the entire aristocracy of past centuries being a kind of association of weak ties, in that within it everyone would know many people with titles, if only by repute. In the age of social media weak-ties networking is now much more common throughout the social structure. Many young professionals engage in a form of ‘network sociality’ as part of their job in which their portfolio of contacts from different walks of life is a key resource in their jobs. If this is true, then perhaps social capital has become more diffuse and been democratized across the social spectrum. Perhaps people of all walks of life know a range of other kinds of people these days.

…

Our final theme – age – is an important one. We have seen how economic capital is strongly skewed towards older people, whilst cultural capital is differentiated between a (socially more legitimate) highbrow form which is oriented towards older people, and an upstart emerging cultural capital which young professionals are more likely to possess. Social capital is rather less affected by age (see Figure 4.6), except for the older groups (over seventy years of age), in which the number of contacts become much lower (probably because people over seventy mainly mix with retired people). This having been said, there is a tendency for GBCS respondents to know more people in the elite and professional occupations as they get older, presumably because they are more likely to be in that group themselves and hence mix with people like them.

…

While Didsbury and Cheadle constitute solidly middle class suburbs and have had high status for many decades, Chorlton has undergone massive gentrification, which has seen it transformed from a predominantly working class area with a sizeable Irish migrant population in the 1960s to its current bohemian social formation of coffee shops and pricey restaurants.15 It is interesting to note the emergence of a new centre of gentrification around multi-cultural Levenshulme, immediately to the east of the eschewed Moss Side. This is another area of modest Victorian terraces and larger Edwardian semis, traditionally a working class area, but it is now in a similar process of class transition as young professionals with families who cannot afford the cost of housing in established areas like Chorlton move in. However, secondly, what is of particular interest is the distinctive zone of elite concentration focused squarely on the city centre and on the city’s ‘Northern Quarter’, which has been mooted by the city council as an alternative cultural neighbourhood, with an ever-increasing concentration of trendy bars and vintage-clothing shops.

The Post-American World: Release 2.0 by Fareed Zakaria

"World Economic Forum" Davos, affirmative action, agricultural Revolution, airport security, Alan Greenspan, anti-communist, Asian financial crisis, battle of ideas, Bear Stearns, Berlin Wall, Bretton Woods, BRICs, British Empire, call centre, capital controls, central bank independence, centre right, collapse of Lehman Brothers, conceptual framework, Credit Default Swap, currency manipulation / currency intervention, delayed gratification, Deng Xiaoping, double entry bookkeeping, failed state, Fall of the Berlin Wall, financial innovation, global reserve currency, global supply chain, Great Leap Forward, illegal immigration, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), knowledge economy, low interest rates, Mahatma Gandhi, Martin Wolf, mutually assured destruction, National Debt Clock, new economy, no-fly zone, oil shock, open economy, out of africa, Parag Khanna, postindustrial economy, purchasing power parity, race to the bottom, reserve currency, Ronald Reagan, Silicon Valley, Silicon Valley startup, South China Sea, Steven Pinker, Suez crisis 1956, The future is already here, The Great Moderation, Thomas L Friedman, Thomas Malthus, three-masted sailing ship, trade route, Washington Consensus, working-age population, young professional, zero-sum game

In 2005, the McKinsey Global Institute did a study of “the emerging global labor market” and found that a sample of twenty-eight low-wage countries had approximately 33 million young professionals* at their disposal, compared with just 15 million in a sample of eight higher-wage nations (the United States, United Kingdom, Germany, Japan, Australia, Canada, Ireland, and South Korea).15 But how many of these young professionals in low-wage countries had the skills necessary to compete in a global marketplace? “Only a fraction of potential job candidates could successfully work at a foreign company,” the study reported, pointing to several explanations, chiefly poor educational quality.

…

The United States, by contrast, is home to a greater share of public biotech companies (50 percent versus Europe’s 18 percent), perhaps indicating the greater maturity of the U.S. market. * MGI’s figure includes graduates trained in engineering, finance and accounting, life science research, and “professional generalists,” such as call center operatives. Young professionals are defined as graduates with up to seven years of experience. * The right-wing attack on American universities as being out-of-touch ivory towers has always puzzled me. In a highly competitive global environment, these institutions dominate the field. * Birthrates in China could be underreported owing to the government’s one-child policy.

Ground Control: Fear and Happiness in the Twenty First Century City by Anna Minton

"there is no alternative" (TINA), Abraham Maslow, Albert Einstein, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Broken windows theory, call centre, crack epidemic, credit crunch, deindustrialization, East Village, energy security, Evgeny Morozov, Francis Fukuyama: the end of history, gentrification, ghettoisation, high-speed rail, hiring and firing, housing crisis, illegal immigration, invisible hand, Jane Jacobs, Jaron Lanier, Kickstarter, moral panic, new economy, New Urbanism, race to the bottom, rent control, Richard Florida, Right to Buy, Silicon Valley, Steven Pinker, the built environment, The Death and Life of Great American Cities, The Spirit Level, trickle-down economics, University of East Anglia, urban decay, urban renewal, white flight, white picket fence, World Values Survey, young professional

To prove it, Nina put an ad in the free property magazine You Move, advertising an 1880s’ home in the area, with five bedrooms and two reception rooms, complete with a picture of her house. More than 100 people replied. ‘They were really angry,’ she said, referring to the council and New Heartlands, the Pathfinder organization. ‘It freaked them out that loads of young professionals and creatives were living here already.’ Instead Nina emphasizes that it is precisely because the area is attractive that it has been targeted. ‘The demolition zone is around the corner from the main boulevard into town and we have an amazing amenity in Joseph Paxton’s Princes Park, which is next to Sefton Park,’ she said.

…

This was aimed specifically at investors who wanted to buy properties for the purpose of renting them out. The result today is that ‘buy-to-let’ makes up nearly a third of the private rented sector. In a typical blurring of terms, when the government talks of the private rented sector, they rarely distinguish between homes let to young professionals in their twenties, whose lifestyles are well suited to short-term renting, and the phenomenon of providing public housing through this market, which has come about because of the lack of social housing. It is left to the housing experts who actually work at the sharp end, like Lord Best and John Sim at St Helen’s, to point out that the people who are profiting the most from these changes are the landlords.

…

We must move beyond the idea that the only possible foundation for housing policy is the expansion of home ownership. The best way of doing this would be to open up other alternatives, including public housing and cooperative housing, to everybody suffering from the housing crisis, from teachers and nurses to young professionals, as well as those on low incomes. It goes without saying that people on low incomes would remain the majority in public housing, but bringing in a broad range of others would do a lot to improve its social standing. It is likely that much of the new housing lying empty, particularly in regeneration areas in the north, will be bought by housing associations, bringing new opportunities to increase the amount of social housing.

China's Future by David Shambaugh

Berlin Wall, capital controls, demographic dividend, demographic transition, Deng Xiaoping, facts on the ground, financial intermediation, financial repression, Gini coefficient, Great Leap Forward, guns versus butter model, high net worth, high-speed rail, Kickstarter, knowledge economy, low skilled workers, market bubble, megacity, middle-income trap, Mikhail Gorbachev, military-industrial complex, New Urbanism, offshore financial centre, open economy, Pearl River Delta, rent-seeking, secular stagnation, short selling, South China Sea, special drawing rights, too big to fail, urban planning, Washington Consensus, working-age population, young professional

While the data on increased total consumption spending has been very positive over the past several years (averaging between 50 and 55 percent of GDP growth from 2011 to 2014), lowered GDP growth will definitely have an impact on disposable income (which only grew at single digits in 2014 after double-digit growth the previous decade). Some analysts foresee consumption expenditures slowing considerably as consumer confidence dips—especially for young professionals—while others point to the huge pent-up savings that could be unleashed.36 Government procurement, which is also counted as part of total consumption spending, may also contract. Even if it slows overall, consumption spending is now a main driver of economic growth. China has the world’s highest household savings rate of 51 percent, which, if spent, could power the economy indefinitely.

…

I sense a high degree of widespread frustration across social classes and over a variety of social issues. Members of every sector of society with whom I spoke across eleven provinces during a year of living in China (2009–2010) evinced relative frustration: intellectuals, workers, farmers, youth, young professionals, minorities, migrants, some businessmen, even Party members and officials. While the incomes and opportunities for these groups have all improved substantially over time, it is a question—at noted at the outset of the chapter—of the revolution of rising expectations. With the slowdown in the economy, which (we noted in the previous chapter) is likely to continue and even deepen over the coming decade, people’s opportunities will also (relatively) shrink.

Makeshift Metropolis: Ideas About Cities by Witold Rybczynski

benefit corporation, big-box store, carbon footprint, Celebration, Florida, City Beautiful movement, classic study, company town, cross-subsidies, David Brooks, death of newspapers, deindustrialization, edge city, Edward Glaeser, fixed income, Frank Gehry, garden city movement, General Motors Futurama, gentrification, global village, Guggenheim Bilbao, Jane Jacobs, Lewis Mumford, megaproject, megastructure, New Urbanism, Peter Eisenman, Seaside, Florida, The Death and Life of Great American Cities, upwardly mobile, urban planning, urban renewal, urban sprawl, Victor Gruen, working poor, Works Progress Administration, young professional

“They do not want the visible vitality of a North End,” he pointed out, “but rather the quiet and the privacy obtainable in low-density neighborhoods and elevator apartment houses.”17 The revitalization of some downtowns has not proved Gans wrong. The downtown neighborhoods that have become popular have also been transformed—“gentrified”—into upper-middle-class places that bear little resemblance to Jacobs’s Greenwich Village. “Visible vitality” has proved attractive, but chiefly to young professionals, childless couples, and retirees, and except in New York City, the suburbs remain the preferred location for families with children. Gans, who had taught in a city-planning department, took issue with Jacobs’s critique of city planning. Not because he was particularly sympathetic to planners—although he pointed out that most city planners probably agreed with her proposals—but because he felt that she exaggerated the power of planning in American society.

…

In older cities, densification often means the conversion of disused industrial and commercial buildings to residential use. The process generally begins with small developers, entrepreneurs, and individuals who are prepared to take risks. Eventually, new residents attract small-scale retail, which in turn attracts more residents, perhaps young professionals and empty nesters. The growing demand encourages larger, better-financed developers to undertake larger projects, which bring with them more retail and entertainment venues, and so on. Although, in most cases, the initial decision to densify a neighborhood is taken by the market, not by public officials, the role of government is key, especially in the early phases.

Cultureshock Paris by Cultureshock Staff

Anton Chekhov, clean water, gentrification, haute couture, haute cuisine, Honoré de Balzac, independent contractor, indoor plumbing, Louis Pasteur, money market fund, PalmPilot, QWERTY keyboard, Skype, telemarketer, urban renewal, young professional

Some established artisans and furniture makers still inhabit the cours (courtyards) and passages on the sides of the picturesque, vibrant rue du Faubourg Saint-Antoine, but others are slowly disappearing as redevelopment raises rents and forces them out. Replacing them are bistros, cafés and shops that draw the crowds, as well as new businesses, galleries and the consulting and high-tech firms that are drawing young professionals. The major streets of rue de Charonne and rue de la Roquette are connected by the popular cobblestone rue de Lappe (once known for prostitutes and pimps), rue des Taillandiers and rue Keller, a centre for the gay community. Old warehouses converted into lofts, restored buildings and new apartment blocks make for an eclectic mix.

…

The covered Marché Beauvau gives over to an inexpensive, international extravaganza that spills out into rue d’Aligre and down to rue de Charenton. 40 CultureShock! Paris Owing to its proximity to Gare de Lyon, which opened Paris to southern Europe and then to Africa, this has long been a varied area, changing once again with the influx of young, professional Parisians. Although housing blocks intrude on the otherwise low-rise residential quartier, the neighbourhood spirit persists. Almost a secret in the eastern area of the arrondissement is the Allée Vivaldi, a hidden greensward surrounded by modern offices and residences. Across an arched footbridge, the open Jardin de Reuilly has gardens, playgrounds filled with children and a grassy expanse; it too is surrounded by pleasant, unobtrusive, modern housing.

…

But they also live in a time when half of the marriages in France end in divorce and where their friends often don’t choose the option of marriage at all. Abortion is legal. Real estate prices are high and jobs are scarce. They know that the political and economic realities of the uncertain 21st century influence their futures. Competition is fierce, so they must pay attention and learn. Some of these people are ambitious young professionals who may well, eventually, bring about change to the hierarchical, top-down structure of French society. And others, even young shopkeepers and clerks, will perhaps start businesses of their own that cater to the needs of future generations, broadening the definition of what it is to be both modern and French.

The Human City: Urbanism for the Rest of Us by Joel Kotkin

"World Economic Forum" Davos, Alvin Toffler, autonomous vehicles, birth tourism , blue-collar work, British Empire, carbon footprint, Celebration, Florida, citizen journalism, colonial rule, crony capitalism, deindustrialization, demographic winter, Deng Xiaoping, Downton Abbey, edge city, Edward Glaeser, financial engineering, financial independence, Frank Gehry, gentrification, Gini coefficient, Google bus, housing crisis, illegal immigration, income inequality, informal economy, intentional community, Jane Jacobs, labor-force participation, land reform, Lewis Mumford, life extension, market bubble, mass immigration, McMansion, megacity, megaproject, microapartment, new economy, New Urbanism, Own Your Own Home, peak oil, pensions crisis, Peter Calthorpe, post-industrial society, RAND corporation, Richard Florida, rising living standards, Ronald Reagan, Salesforce, Seaside, Florida, self-driving car, Shenzhen was a fishing village, Silicon Valley, starchitect, Stewart Brand, streetcar suburb, Ted Nelson, the built environment, trade route, transit-oriented development, upwardly mobile, urban planning, urban renewal, urban sprawl, Victor Gruen, Whole Earth Catalog, women in the workforce, young professional

This suggests that these trends are very powerful and not easily reversed, even by economic prosperity. In his provocative 2012 book Going Solo, Eric Klinenberg points out that for “hip” urban professionals, living alone represents not only a way to cope with higher prices, particularly for housing, but also a “more desirable state.” For young professionals, Klinenberg suggests, living alone in the city constitutes “a sign of success and a mark of distinction, a way to gain freedom and experience the anonymity that can make city life so exhilarating . . . it’s a way to reassert control over your life.”94 CHANGING SEXUAL MORES Klinenberg states that this opportunity for freedom and control is particularly true for educated single women, who are more numerous than their male counterparts in the elite core areas of New York, Los Angeles, San Francisco, and Boston, particularly as they age into their 30s and 40s.95 These same well-educated women, according to studies in both Germany and the Netherlands, are most likely to resist marriage and, particularly, childbearing.96 One reason is changing sexual mores.

…

To him, the 2,500-square-foot (232-square-meter) home in the suburbs represents both an environmental disaster and a threat to the affordability of small residences for “singletons.”115 Nothing better illustrates the shift in the built environment of a post-familial society than the proliferation of plans for the construction of “micro-apartments” in cities like Singapore, Shanghai, Tokyo, New York, Seattle, and San Francisco. These residences of less than 300 square feet (28 square meters) would make even a two-bedroom co-op in Brooklyn, not to mention a single-family house like that of my Flatbush ancestors, seem like the Ponderosa Ranch and obviously are intended to house single young professionals; it is inconceivable for middle- or even working-class families to inhabit such spaces.116 PRICING OUT FAMILIES As previously mentioned, middle-income housing affordability constitutes a huge constraint on family formation in many cities. High housing prices place particular burdens on young people interested in starting families.

…

THE MILLENNIAL CITY The urban future will be shaped, and rightfully so, by the rising millennial generation, born after 1983, who number over 1.7 billion worldwide.8 In the United States, millennials are the largest cohort in the country and by 2020, they will constitute one-third of the adult population.9 In the next five years, this generation will spend more on a per-household basis than any other generation, including an estimated $2 trillion on rent and home purchases combined.10 Some believe that most millennials will adopt urban life and put an effective end to the decades-long process of suburbanization.11 Urban theorist Peter Katz, for example, suggests that millennials have little interest in “returning to the cul-de-sacs of their teenage years.”12 We are entering a new era, one planner predicts, where the move to suburbia ends as “young professionals and empty nesters” pay a premium to crowd into the inner city.13 Do millennials actually “hate the burbs” so much, as one Fortune editor confidently claimed, that they will choose to remain in the core city as they reach their 30s and beyond?14 This seems unlikely. For one thing, most young Americans lack, if not the inclination, the resources to reside comfortably in pricey places like Brooklyn or San Francisco.

There Is Nothing for You Here: Finding Opportunity in the Twenty-First Century by Fiona Hill

2021 United States Capitol attack, active measures, Affordable Care Act / Obamacare, algorithmic bias, barriers to entry, Berlin Wall, Bernie Sanders, Big Tech, Black Lives Matter, blue-collar work, Boris Johnson, Brexit referendum, British Empire, business climate, call centre, collective bargaining, company town, coronavirus, COVID-19, crony capitalism, cuban missile crisis, David Brooks, deindustrialization, desegregation, digital divide, disinformation, Dissolution of the Soviet Union, Donald Trump, Fall of the Berlin Wall, financial independence, first-past-the-post, food desert, gender pay gap, gentrification, George Floyd, glass ceiling, global pandemic, Great Leap Forward, housing crisis, illegal immigration, imposter syndrome, income inequality, indoor plumbing, industrial cluster, industrial research laboratory, informal economy, Jeff Bezos, Jeremy Corbyn, Kickstarter, knowledge economy, lockdown, low skilled workers, Lyft, Martin Wolf, mass immigration, meme stock, Mikhail Gorbachev, new economy, oil shock, opioid epidemic / opioid crisis, Own Your Own Home, Paris climate accords, pension reform, QAnon, ransomware, restrictive zoning, ride hailing / ride sharing, Right to Buy, Ronald Reagan, self-driving car, Silicon Valley, single-payer health, statistical model, Steve Bannon, The Chicago School, TikTok, transatlantic slave trade, Uber and Lyft, uber lyft, University of East Anglia, urban decay, urban planning, Washington Consensus, WikiLeaks, Winter of Discontent, women in the workforce, working poor, Yom Kippur War, young professional

Convene groups inside and outside the workplace with diverse sets of perspectives and experiences to encourage nontraditional synergies. Build active mentor-mentee relationships with young professionals, especially those coming from less advantaged backgrounds. If you know others who might be better equipped to play the mentor role for a certain individual, facilitate an introduction. Reach back to your college alumni networks as well as to local further education institutions to offer mentoring or opportunities for current students to seek career advice. If you are a young professional: Create peer networks within your organization to assist colleagues from nontraditional backgrounds who may be struggling in the workplace.

…

Encourage them to be purposeful and help break barriers. Tell your own stories. Communicate your regrets and failures, including what you have learned from your personal experiences. If logistically possible, consider acting as a host by offering free or affordable housing to students, school exchange participants, interns, volunteers, or young professionals who have limited financial means, including in exchange for housekeeping or other services. If you are an experienced working professional: Make a conscious effort to nurture diverse talent within your workplace and help prepare younger colleagues—especially women, racial minorities, and other underrepresented groups—for leadership roles.

…

Maintain ties with alumni networks for college and high school to offer next-steps career guidance. Volunteer to host physical or virtual career fairs at your organization. Act as a mentor or volunteer for a local social service or nonprofit with educational programs for disadvantaged youth. Pool resources with other young professionals to sponsor a young person from the local community to cover the costs for that person to take advantage of opportunities that might otherwise be out of reach, such as attending an educational summer camp or taking part in sports or other enrichment programs. If you are a college professor or administrator: Open courses virtually to high school students from underprivileged backgrounds to give them a taste of college.

Me! Me! Me! by Daniel Ruiz Tizon

Bob Geldof, death of newspapers, gentrification, housing crisis, Live Aid, Stephen Hawking, young professional

They were a close knit, boisterous Irish family – Clapham in southwest London had a big Irish community in the 70s and 80s – and it was a busy, happy home I loved visiting as a schoolkid. To live there two decades later and hear the doors to six studio flats that had once been home to my old friend and his family being slammed at all hours as young professionals stumbled in from boozy nights out, was both strange and sad. Living in this and other tiny places, my small living spaces embarrassed me. They were spaces that even the Sylvanian Family would’ve deemed to be tight squeezes. I knew to live in a place where a bedroom, front room and kitchen were all thrown into one ‘living area’ would be difficult for friends to get their heads around when they visited.

…

Less than two hours into my new brace life, I found myself having to talk to these neighbours, grateful for the fact the council had still failed to fix the street lamp outside the building. It really cheesed me off that having never engaged with any neighbours during my time living there, I get a brace, and BOOM, within the hour, was part of some community. I felt like I was learning to speak all over again. One neighbour, a young professional woman still in ‘Business Dress’, seemed to quickly conclude that I had some sort of disability after she’d asked me if I had the number to the building emergency call out people. I had yet to complete my response when she put a hand on my arm as if to say, “Don’t worry,” and shot her flatmate a “This guy’s not going to be able to help us” look.

Little Hands Clapping by Dan Rhodes

global pandemic, young professional

Nor were they to know that there had been a coldness to her beauty, her lips always on the verge of turning thin and her blue eyes quick to narrow into slits. Her mother had not been blind to her daughter’s ways, and had often found herself suggesting that she stop all her nonsense, find a promising young professional and settle down. One day the girl surprised her by seeming to do just that. The conventionally good-looking son of a nearby family was in the final stages of studying medicine, and hearing he was back for a few days, Ute had feigned a dizzy spell and requested a visit from him. The consultation took place in her bedroom, and the moment he walked in she let her white silk robe fall to the floor.

…

He had always had a sense that he had been looking for something, and he had found it right there in the soft lips that no longer brushed against his but devoured them, and in the smooth back that undulated beneath the touch of his fingers, and when they finally disengaged from their kiss it was there in the face that looked up at him, a face so immaculate that for a moment he thought nature unkind for not having made all women as perfect as the one in his arms. Her fingers moved down to his belt buckle, and three months later her mother stood in church and looked on as her nineteen-year-old daughter exchanged vows with this handsome and promising young professional. She wanted to be happy for them, but no matter how hard she tried, it wasn’t possible. She had only ever seen her child look so demure when she had been up to something, and the joy and relief she should have felt was eclipsed by worry for her new son-in-law, and a creeping sense of guilt for having wished this terrible fate upon him.

Silicon City: San Francisco in the Long Shadow of the Valley by Cary McClelland

affirmative action, Airbnb, algorithmic bias, Apple II, autonomous vehicles, barriers to entry, Black Lives Matter, Burning Man, clean water, cloud computing, cognitive dissonance, Columbine, computer vision, creative destruction, driverless car, El Camino Real, Elon Musk, Fairchild Semiconductor, full employment, gamification, gentrification, gig economy, Golden Gate Park, Google bus, Google Glasses, high net worth, housing crisis, housing justice, income inequality, John Gilmore, John Perry Barlow, Joseph Schumpeter, Loma Prieta earthquake, Lyft, mass immigration, means of production, Menlo Park, Mitch Kapor, open immigration, PalmPilot, rent control, Salesforce, San Francisco homelessness, self-driving car, sharing economy, Silicon Valley, Skype, Social Justice Warrior, Steve Jobs, Steve Wozniak, TaskRabbit, tech bro, tech worker, transcontinental railway, Travis Kalanick, Uber and Lyft, uber lyft, urban planning, vertical integration, William Shockley: the traitorous eight, young professional

People don’t learn a lot from success, they just know that it happened. But surviving is the biggest lesson. LEON FIKIRI He sits by the window of a café on Polk Street, between Nob Hill and the Tenderloin, looking down the street at an old strip club, now flanked by shops and restaurants, hipster barbers, all intended for the young professionals ambling by in the afternoon sun. Born and raised in the Democratic Republic of Congo, he moved here looking for opportunities, a better life. He had studied computer science, got a degree in networking systems. And he dreamed that he would be one of the young and lucky, strolling down this street in sunglasses and athletic wear.

…

You’re going to be sitting next to whatever your town looks like, and it looks back at you, right in the face. You get very affluent people and homeless people and everything in between. I could take care of the mayor and, the next minute, that thirtysomething, wealthy, unclear-what-you-do-for-work young person. The young professional who just moved into the area for some random thing, then resuscitate some homeless guy who overdosed on heroin. I’m a public-health person too, so I think of people more as a population. That’s why it’s important doctors have a stake in the community: I live where I work. Here, there’s a lot of homelessness.

Journeyman: One Man's Odyssey Through the Lower Leagues of English Football by Ben Smith

Kickstarter, young professional

Every player was in charge of looking after three professional players’ match day and training boots. The players who had the dubious honour of me cleaning their boots were David Seaman (at that time the England national team goalkeeper), Ian Selley (who I thought was a brilliant central midfield player before his top-level career was ended prematurely by injury) and Matthew Rose (a young professional who went on to have a good career with the likes of Queens Park Rangers). The best memory I have of Rose is that he had a very attractive girlfriend! Now I say it was a dubious honour mainly because I took no pride in cleaning my own boots, let alone anyone else’s (even if they were a current England international!).

…

With me being one of the youngest members of the professional players I was very much at the bottom of the food chain and so I spent much of my time with Pards. The job of a reserve-team manager seems a strange one to me. You have an eclectic mix of players and personalities: from the eager to the not-quite-so-eager young professionals like me; from the out-of-favour established first-team players to players coming back from injury; plus the experienced older players whose careers are winding down. All have to be treated and motivated in different ways. The reserve-team manager may often not have a clue until about an hour before training who or how many players he will have for his session.

…

The week dragged on and still nothing was mentioned regarding a contract. I persevered, but at the end of the week we had another friendly away to Weston-super-Mare that confirmed the inevitable. Martin played what was clearly his main team in the first half and I was not in it. To top it off, I came on in the second half with all the young professionals plus a lad who had won a competition! The lad tried his best but how was I supposed to impress when trying to anticipate Joe Bloggs’s runs? I’d had enough and went to see Martin straight after the game. He gave me the stock answer of money being tight and said he wouldn’t be able to offer me anything.

The End of the Suburbs: Where the American Dream Is Moving by Leigh Gallagher

Airbnb, big-box store, bike sharing, Burning Man, call centre, car-free, Celebration, Florida, clean water, collaborative consumption, Columbine, commoditize, crack epidemic, demographic winter, East Village, edge city, Edward Glaeser, extreme commuting, Ford Model T, General Motors Futurama, gentrification, helicopter parent, Home mortgage interest deduction, housing crisis, Jane Jacobs, Kickstarter, Lewis Mumford, low skilled workers, Mark Zuckerberg, McMansion, Menlo Park, microapartment, mortgage tax deduction, negative equity, New Urbanism, peak oil, Peter Calthorpe, Ponzi scheme, Quicken Loans, Richard Florida, Robert Shiller, Sand Hill Road, Seaside, Florida, Silicon Valley, Steve Jobs, Stewart Brand, streetcar suburb, TED Talk, the built environment, The Death and Life of Great American Cities, Tony Hsieh, Tragedy of the Commons, transit-oriented development, upwardly mobile, urban planning, urban sprawl, Victor Gruen, walkable city, white flight, white picket fence, young professional, Zipcar

“I basically walked in one day and said, ‘Here’s my phone, here’s my pager, here are my keys,’ and just walked away,” he says. He has been working on urban redevelopment projects ever since; most recently, he’s transformed the neglected East Passyunk area into a thriving district populated by young professionals and drawing some of the city’s hottest restaurants. It is Duany, in fact, who I am awaiting, along with my fellow congress attendees, in room 1E in West Palm Beach. He’s running late, and the conference organizers are radioing one another on their headsets. “Has anyone seen Andres?” “Is he here yet?”

…

., is now one of the chicest strips in the city, with coffee shops, restaurants, independent fashion boutiques, and a thirty-three-thousand-square-foot Room and Board store. When it was mulling locations, the seller of upscale, stylish modern furniture analyzed zip codes to identify where the majority of its wealthy young professional customers were; Fourteenth and U showed up as the epicenter. Developers have turned many of these neighborhoods into some of the most desirable new enclaves in town. In St. Louis, an old abandoned shoe-manufacturing warehouse is being turned into luxury loft apartments. In Denver, the trendy Lower Downtown, “LoDo,” neighborhood has emerged amid what was once a red-light district.

Shorter: Work Better, Smarter, and Less Here's How by Alex Soojung-Kim Pang

8-hour work day, airport security, Albert Einstein, behavioural economics, Bertrand Russell: In Praise of Idleness, Brexit referendum, business process, call centre, carbon footprint, centre right, classic study, cloud computing, colonial rule, death from overwork, disruptive innovation, Erik Brynjolfsson, future of work, game design, gig economy, Henri Poincaré, IKEA effect, iterative process, job automation, job satisfaction, job-hopping, Johannes Kepler, karōshi / gwarosa / guolaosi, Kickstarter, labor-force participation, longitudinal study, means of production, neurotypical, PalmPilot, performance metric, race to the bottom, remote work: asynchronous communication, remote working, Rutger Bregman, Salesforce, Second Machine Age, side project, Silicon Valley, Steve Jobs, tech worker, TED Talk, telemarketer, The Wealth of Nations by Adam Smith, women in the workforce, work culture , young professional, zero-sum game

Things are a little better in advertising, if only because the fires dealt with are only metaphorical. In a 2019 survey in the United States, 33 percent of advertising industry professionals worried about their mental health; among people working more than fifty hours a week or making less than $50,000 a year (in other words, most young professionals), the rates were above 40 percent. The same year, an Australian survey of workers in marketing and advertising found that 56 percent exhibited symptoms of depression. A 2018 study in the United Kingdom found that 64 percent of workers thought about leaving their jobs, 60 percent thought their work had a negative impact on their mental health, 36 percent described their mental health as “poor,” and 26 percent said they had a long-term problem like chronic stress or depression.

…

On UK working women, see Yong Jing Teow and Priya Ravidran, Women Returners: The £1 Billion Career Break Penalty for Professional Women (PwC, November 2016), www.pwc.co.uk/economic-services/women-returners/pwc-research-women-returners-nov-2016.pdf. On wage differences over time, see Marianne Bertrand et al., “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” American Economic Journal: Applied Economics 2, no. 3 (July 2010): 228–255, www.aeaweb.org/articles?id=10.1257/app.2.3.228; Henrik Kleven et al., “Children and Gender Inequality: Evidence from Denmark,” NBER Working Paper Series 24219 (National Bureau of Economics, January 2018), www.nber.org/papers/w24219.

Uncanny Valley: A Memoir by Anna Wiener

autonomous vehicles, back-to-the-land, basic income, behavioural economics, Blitzscaling, blockchain, blood diamond, Burning Man, call centre, charter city, cloud computing, cognitive bias, cognitive dissonance, commoditize, crowdsourcing, cryptocurrency, dark triade / dark tetrad, data science, digital divide, digital nomad, digital rights, end-to-end encryption, Extropian, functional programming, future of work, gentrification, Golden Gate Park, growth hacking, guns versus butter model, housing crisis, Jane Jacobs, job automation, knowledge worker, Lean Startup, means of production, medical residency, microaggression, microapartment, microdosing, new economy, New Urbanism, Overton Window, passive income, Plato's cave, pull request, rent control, ride hailing / ride sharing, San Francisco homelessness, Sand Hill Road, self-driving car, sharing economy, Shenzhen special economic zone , side project, Silicon Valley, Silicon Valley startup, Social Justice Warrior, social web, South of Market, San Francisco, special economic zone, subprime mortgage crisis, systems thinking, tech bro, tech worker, technoutopianism, telepresence, telepresence robot, union organizing, universal basic income, unpaid internship, urban planning, urban renewal, warehouse robotics, women in the workforce, work culture , Y2K, young professional

If I hustled, all three of them agreed, I would quickly find myself in a more interesting, autonomous, impressive role. I didn’t know that in tech, qualifications—at least the traditional ones, like advanced degrees or experience—were irrelevant when superseded by cheerful determination. I was still behaving like a young professional in a world where dues-paying mattered. In an effort to hype myself up, I developed the theory, however flimsy, that analytics was a natural extension of my liberal arts education. The e-book startup had used the analytics software to track our alpha users through the app, and I had enjoyed looking at some of the data: what our investors were reading, and abandoning; whether or not people read public-domain books with cover art designed by the CPO, which we had added to bolster the library.

…

But even when we were blindingly drunk, or sliding around the Hirst shower, Ian kept company secrets. It was easy to trust him. * * * In late fall, Ian brought me to a party at the offices of a clandestine hardware startup operating out of an ivy-clad brick warehouse in Berkeley. Drones buzzed over a crowd of young professionals wearing sensible footwear and fleece vests. A child scuttled underfoot. I felt overdressed in a publishing-era silk blouse. After making the rounds, Ian disappeared with a coworker to investigate a prototype line of self-assembling modular furniture, leaving me in a circle with a half dozen other roboticists.

Frommer's Denver, Boulder & Colorado Springs by Eric Peterson

airport security, Columbine, Easter island, Ford Model T, glass ceiling, life extension, machine readable, Maui Hawaii, Ronald Reagan, Skype, sustainable-tourism, transcontinental railway, upwardly mobile, young professional

In a room that belies its shopping-center location next to a supermarket— centered on a large rectangular bar—the well-oiled operation serves plates of Northern Italian cuisine, such as gnocchi, cinghiale (wild boar), and pizzas, as well as fantastic soups and salads. The vibe is casual and smart, with more young professionals and CU faculty than the student hangouts downtown. Radda’s older and more formal sister restaurant is Mateo, 1837 Pearl St. (& 303/443-7766). 1265 Alpine Ave. & 303/442-6200. www.raddatrattoria.com. Reservations not accepted. Main courses $9–$16. AE, DISC, MC, V. Mon–Fri 7am–10pm; Sat–Sun 9am–10pm.

…

Pikes Peak Ave. & 719/635-2800. Main courses $8–$13 lunch, $9–$25 dinner. AE, DC, DISC, MC, V. Mon–Thurs 11am–10pm; Fri–Sat 11am–midnight; Sun 10am–10pm. Bar open later. Ritz Grill NEW AMERICAN This lively restaurant-lounge with a large central bar is where it’s at for many of the city’s young professionals. The decor is Art Deco, the service fast and friendly. The varied, trendy menu offers such specialties as Garden Ritz veggie pizza, with fresh spinach, sun-dried tomatoes, bell peppers, onions, mushrooms, fresh pesto, and three cheeses; and Siamese tuna salad—served rare with wild greens, mango salsa, radish sprouts, pickled ginger chestnuts, and wasabi peas.

…

I recommend Railyard Ale, a light amber ale with a smooth, malty taste; Hefeweizen, a traditional German wheat beer; 12_382288-ch08.indd 209 12/19/08 11:43:20 PM 210 and a very hoppy India pale ale. A billiard hall is on the second floor. See also the restaurant listing on p. 188. 2 E. Pikes Peak Ave. & 719/635-2800. Ritz Grill Especially popular with young professionals after work and the chic clique later in the evening, this noisy restaurant-lounge, known for its martinis and large central bar, brings an Art Deco feel to downtown Colorado Springs. There’s live music (usually rock) starting at 9pm Thursday through Saturday. See also the restaurant listing on p. 188. 15 S.

The Rough Guide to Amsterdam by Martin Dunford, Phil Lee, Karoline Thomas

banking crisis, gentrification, haute cuisine, illegal immigration, low cost airline, Nelson Mandela, place-making, plutocrats, spice trade, sustainable-tourism, trade route, upwardly mobile, urban sprawl, young professional

Lovingly maintained, old-fashioned brown café-bar with a fiercely loyal, older clientele. The back room, furnished with paintings and red plush seats, is the perfect place to relax with a hot chocolate. Het Molenpad Prinsengracht 653. Recently revamped café which hasn’t lost its laidback atmosphere. Fills up with a young, professional crowd after 6pm. Daily noon–1am (Fri & Sat till 2am). Het Papeneiland Prinsengracht 2. With its wood panelling, antique Delft tiles and ancient stove, this rabbit warren of a place is one of the cosiest bars in the Grachtengordel. Jam-packed late at night with a garrulous crew of locals and tourists alike.

…

The clientele is stylish, and the food a hybrid of French- and Dutch-inspired dishes; mains start at €14.50. Breakfast in the garden during the summer is a highlight. Daily 10am–1am, Fri & Sat until 2am. Weber Marnixstraat 397. Popular local hangout, just off the Leidseplein, attracting musicians, students and young professionals. Crowded and noisy on weekends. Daily 8pm–3am (Fri & Sat till 4am). De Zotte Proeflokaal Raamstraat 29. Down a grubby alley not far from the Leidseplein, this laid-back bar specializes in Belgian beer, of which it has dozens of varieties. Daily 4pm–1am, bar food served 6–9.30pm. Eating and drinking | Bars | The Jordaan and Western docklands De Blaffende Vis Westerstraat 118.

…

Warm and welcoming restaurant in the midst of the Leidseplein buzz. Sushi and sashimi popular with Japanese tourists and Dutch business folk alike. Main courses range from €15 to €35. Daily 5pm–midnight. Tomo Sushi Reguliersdwarsstraat 131 020/528 5208. Quality, hip Japanese grill and sushi place, popular with a young, professional crowd. Mains begin at €17. Daily 5.30–10.30pm. Eating and drinking | Restaurants | Grachtengordel south | Thai Dynasty Reguliersdwarsstraat 30 020/626 8400. Lavishly appointed restaurant – all orchids and murals – offering a first-rate choice of Indochinese food, with both Vietnamese and Thai options.

Women Leaders at Work: Untold Tales of Women Achieving Their Ambitions by Elizabeth Ghaffari

"World Economic Forum" Davos, Albert Einstein, AltaVista, Bear Stearns, business cycle, business process, cloud computing, Columbine, compensation consultant, corporate governance, corporate social responsibility, dark matter, deal flow, do what you love, family office, Fellow of the Royal Society, financial independence, follow your passion, glass ceiling, Grace Hopper, high net worth, John Elkington, knowledge worker, Larry Ellison, Long Term Capital Management, longitudinal study, Oklahoma City bombing, performance metric, pink-collar, profit maximization, profit motive, recommendation engine, Ronald Reagan, Savings and loan crisis, shareholder value, Silicon Valley, Silicon Valley startup, Steve Ballmer, Steve Jobs, thinkpad, trickle-down economics, urban planning, women in the workforce, young professional

And, honestly, our life has been incredibly enhanced because of that. Ghaffari: What do you see yourself doing over the next five to ten years? Beck: I certainly hope I'll continue in my CEO role while serving on boards. Retirement will entail a combination of corporate board work and philanthropy. Ghaffari: As you look out at the marketplace today for young professional women, where do you see the greatest opportunities for them? Beck: This is a very tough job market. And I talk to many young women. Having a daughter who is a junior in college, I speak to a lot of her friends, and I'm increasingly concerned at the perception that our college students have today about their prospects and their future.

…

You're always “just Mom” to your daughters. But, as they started to talk with other people about careers and to their professors about careers, they began to be more aware of what their parents do. At that point, I think they developed a much better understanding of my work. Ghaffari: As you look at young professional women today, what kind of advice do you have for them? Horan: Everybody's situation, obviously, is unique. But the thing I always try to advise people is don't focus yourself totally on some career goal or career path and have that be a maniacal focus because you might miss some interesting opportunities.

…

All those things were not necessarily part of a natural, logical progression, but altogether they represent a whole lot of opportunities. I think one of the most important things is to keep your options open, to evaluate each opportunity as it comes along, and to listen to input that comes your way. Ghaffari: Do you do speaking events for young professional women? Horan: I have given presentations at different times and on different topics. Next month, I've been invited to speak at the Women's International Networking Conference in Rome, Italy. It's an event about careers and opportunities. I certainly have done a lot of that. We have a number of diversity networks at IBM.

The Future Won't Be Long by Jarett Kobek

Berlin Wall, British Empire, Donald Trump, East Village, Fall of the Berlin Wall, financial independence, Future Shock, gentrification, Golden Gate Park, means of production, Menlo Park, messenger bag, meta-analysis, military-industrial complex, New Journalism, Norman Mailer, quantum entanglement, rent stabilization, Ronald Reagan, Saturday Night Live, South of Market, San Francisco, Steve Jobs, thinkpad, Triangle Shirtwaist Factory, urban decay, wage slave, War on Poverty, working poor, young professional

Snow was general over Ireland. I loved wallowing in the filth that accrues around every fin-de-siècle. That dewy moment before a new millennium when the peasantry stage orgies before the wrath of a nameless God. One night in May, I ran into Jae-Hwa, or Sally, or Sigh. She was dressed down, looking like a young professional in her late twenties. Which I guess, technically, she might have been. She was like Franklin. I had no idea what she did for money. I was crazy on cocaine. She couldn’t get in a word. I kept talking about three Aerosmith music videos starring a blonde actress named Alicia Silverstone. A living embodiment of fresh-faced lust, appealing to the world’s schoolboys.

…

Why, just a week earlier, we’d met at an exceptionally sterile restaurant on Seventh Avenue. The name escapes me but rest assured that it was bleedingly bourgeois. Our mouths moved, the proper words came out, but as always the cut of her suit and the shape of her hair transfixed my human soul. I’d seen thousands and thousands and thousands and thousands of women like her, young professionals clawing their way through the world, women who believed that New York offered them profound and infinite opportunity. I’d always fantasized about their lives, imaginating what they’d done and where they came from. Now I was friends with one! There she sat, eating arugula and talking about politics.

…

Another dead denizen of clubland. That was six or seven years earlier. It felt like twenty thousand. The steady pounding of time kept beating against me. When I told the desk attendant that I wanted to see Brooke, he went slightly pale but then examined my wardrobe. I was dressed like any other respectable young professional. He gave me her room number. I took the elevator up to the third floor. I knocked. I didn’t know Brooke very well. We’d only talked for a few minutes. I’m sure she knew me by sight and, I suspect, writerly reputation. Not that any of the club kids read my book. Only Michael and Franklin read books.

The Rough Guide to New York City by Martin Dunford

Anton Chekhov, Berlin Wall, Bonfire of the Vanities, Buckminster Fuller, buttonwood tree, car-free, Charles Lindbergh, Chuck Templeton: OpenTable:, clean water, colonial exploitation, colonial rule, congestion pricing, Cornelius Vanderbilt, David Sedaris, desegregation, Donald Trump, East Village, Edward Thorp, Elisha Otis, Exxon Valdez, Frank Gehry, General Motors Futurama, gentrification, glass ceiling, haute cuisine, illegal immigration, Jane Jacobs, Lewis Mumford, machine readable, market bubble, Michael Milken, Multics, Norman Mailer, paper trading, post-work, rent stabilization, retail therapy, Saturday Night Live, subprime mortgage crisis, sustainable-tourism, The Death and Life of Great American Cities, the High Line, transcontinental railway, Triangle Shirtwaist Factory, upwardly mobile, urban decay, urban planning, urban renewal, white flight, Yogi Berra, young professional

Note that the island of Manhattan is about thirteen miles long from base to tip, and around two miles wide at its widest point: as a rule of thumb, allow five minutes to walk each east–west block between avenues, and one to two minutes for each north–south block between streets. | INTR O D UCTION | WHAT TO S E E | W HE N TO GO Central Park of the park, the largely residential young-professional enclave of the Upper West Side is worth a visit, mostly for performing-arts mecca Lincoln Center, the American Museum of Natural History, and Riverside Park along the Hudson River. Immediately north of Central Park, Harlem, the historic black city-within-a-city, has today a healthy sense of an improving community.

…

In between is a checkerboard of modern high-rise buildings, old brownstones, gourmet markets, and | The Upper West Side hile the Upper East Side has always been a patrician stronghold, the Upper West Side, only minutes away on the other side of the park, has grown into its position as a somewhat younger, somewhat hipper, but nonetheless affluent counterpart. Later to develop, it has seen its share of struggling actors, writers, and opera singers come and go over the years. In the 1990s, the Upper West Side was the neighborhood of choice for upwardly mobile dot-commers, and though the frenzy has calmed down, young professionals and their stroller-bound children still make up a sizable part of the population. This isn’t to say it lacks glamour; the lower stretches of Central Park West and Riverside Drive are quite fashionable, while the network of performing spaces at Lincoln Center makes the neighborhood New York’s de facto palace of culture.

…

Long Island City’s other famous purveyor of culture, Silvercup Studios, the largest film and television production studio on the East Coast, stretches out along 21st Street next to the Queensboro Bridge. The Sopranos and Sex and the City were both shot here. By contrast, Astoria is overwhelmingly residential, with a diverse population – young professionals and every immigrant group you can imagine – occupying sturdy 1930s brick apartment blocks and vinyl-sided rowhouses along tree-lined streets. Astoria’s main claims to fame are its Greek food (though many other fine cuisines are also in abundance), its movie studio and museum, and waterfront Astoria Park, with its mammoth public pool.The serene Noguchi Museum, established on the site of the late sculptor Isamu Noguchi’s studio, is also located here.

Walkable City: How Downtown Can Save America, One Step at a Time by Jeff Speck

A Pattern Language, active transport: walking or cycling, benefit corporation, bike sharing, car-free, carbon footprint, carbon tax, congestion charging, congestion pricing, David Brooks, Donald Shoup, edge city, Edward Glaeser, Enrique Peñalosa, food miles, Frank Gehry, Guggenheim Bilbao, if you build it, they will come, Induced demand, intermodal, invisible hand, it is difficult to get a man to understand something, when his salary depends on his not understanding it, Jane Jacobs, Lewis Mumford, meta-analysis, New Urbanism, parking minimums, peak oil, Ralph Waldo Emerson, Richard Florida, skinny streets, smart cities, starchitect, Stewart Brand, tech worker, the built environment, The Death and Life of Great American Cities, transit-oriented development, Upton Sinclair, urban planning, urban renewal, urban sprawl, walkable city, white flight, white picket fence, young professional, zero-sum game, Zipcar

In fact, it is increasingly just the opposite: not owning a car and not owning a house are seen by more and more as a path to greater flexibility, choice, and personal autonomy.”3 These driving trends are only a small part of a larger picture that has less to do with cars and more to do with cities, and specifically with how young professionals today view themselves in relation to the city, especially in comparison to previous generations. Born as the baby boom ended, I grew up watching three television shows almost daily: Gilligan’s Island, The Brady Bunch, and The Partridge Family. While Gilligan’s Island may have had little to say about urbanism, the other two were extremely instructive.

…

In these shows, the big city (in all cases New York) was lovingly portrayed as a largely benevolent and always interesting force, often a character and coconspirator in its own right. The most urban of American cities was the new normal, and certainly good. The first thing that I take away from this comparison is that I watched far too much television as a child. But the real point here is that today’s young professionals grew up in a mass culture—of which TV was only one part—that has predisposed them to look favorably upon cities; indeed, to aspire to live in them. I grew up in the suburbs watching shows about the suburbs. They grew up in the suburbs watching shows about the city. My complacency has been replaced by their longing.

No Such Thing as Society by Andy McSmith

"there is no alternative" (TINA), anti-communist, Ayatollah Khomeini, Berlin Wall, Big bang: deregulation of the City of London, Black Monday: stock market crash in 1987, Bob Geldof, Boris Johnson, British Empire, Brixton riot, Bullingdon Club, call centre, cuban missile crisis, Etonian, F. W. de Klerk, Farzad Bazoft, feminist movement, fixed income, Francis Fukuyama: the end of history, friendly fire, full employment, glass ceiling, God and Mammon, greed is good, illegal immigration, index card, John Bercow, Kickstarter, liberal capitalism, light touch regulation, Live Aid, loadsamoney, long peace, means of production, Mikhail Gorbachev, mortgage debt, mutually assured destruction, negative equity, Neil Kinnock, Nelson Mandela, North Sea oil, Northern Rock, old-boy network, popular capitalism, Right to Buy, Ronald Reagan, Rubik’s Cube, Sloane Ranger, South Sea Bubble, spread of share-ownership, Stephen Fry, strikebreaker, Suez crisis 1956, The Chicago School, union organizing, upwardly mobile, urban decay, Winter of Discontent, young professional

Some determined characters came back week after week for a repeated humiliation. It was, of course, impossible to impose any quality control, so the better performers shift ed to the Boulevard Theatre, and set up Comic Strip, which became a test-bed for comedy that assumed an audience of liberal, anti-racist, anti-sexist, Guardian-reading, Thatcher-loathing young professionals, who would not be off ended by swearing or sexual explicitness, but would object to racist or sexist humour. The master of ceremonies was – to quote one critic – ‘a human volcano called Alexei Sayle . . . possessed of a Michelin body, a very loud voice, and a brain that only works on overdrive’, whose idea of pandering to his audience was to announce that the evening was to be a charity event in aid of ‘Help a Kid – Kill a Social Worker’.

…

I have never seen it advertised or promoted but there are those who become so enthusiastic about it, who are prone to talk in rather evangelical terms about how it has changed their lives, that its circle of fans seems to widen all the time.31 Actually, it was being subtly promoted as a useful fashion accessory for busy, over-committed young professionals at the very time when political fashion made it acceptable to let people know if you were in a well-paid job that kept you busy. From about 1983, sales grew and grew. Paul Smith, a celebrity fashion designer who had a shop in Covent Garden where he sold an eclectic range of clothes, and soon-to-be fashionable luxuries for men, put a Filofax on display.

…

By the end of 1989, Britain’s consumers owed a grand total of £304 billion, of which about £255 billion was tied up in mortgages and about £7.6 billion was owed on credit cards and store cards.1 Ten years earlier, total debt on everything except first mortgages and bank overdrafts came to about £5 billion; credit card debt was probably only about £750 million.2 As the 1990s dawned, people were more aware of their rights as citizens and consumers, and less deferential of authority, but they were less likely to be involved in any kind of political activity. They were more mobile, particularly if they were young professionals. The idea of staying with one employer throughout a person’s working life, paying compulsorily into the firm’s pension fund, to be presented with a gold watch and chain on retirement, was as dated as the gramophone. Ambitious people switched jobs or switched from employment to self-employment and back, taking with them their newly acquired portable pensions.

Inspire Your Home by Farah Merhi

do what you love, follow your passion, young professional

began as an Instagram page and has since become the most-followed home-decor page on the platform, with over 5 million followers. Inspire Me! follows the curation and vision of its founder, embodying Farah’s distinct style, passion for design, and connection to her audience. Inspire Me!’s digital platform is a go-to source for design enthusiasts ranging from housewives and self-proclaimed DIYers to designers and young professionals. We hope you enjoyed reading this Simon & Schuster ebook. Get a FREE ebook when you join our mailing list. Plus, get updates on new releases, deals, recommended reads, and more from Simon & Schuster. Click below to sign up and see terms and conditions. CLICK HERE TO SIGN UP Already a subscriber?

Blink: The Power of Thinking Without Thinking by Malcolm Gladwell

affirmative action, airport security, Albert Einstein, Apollo 13, complexity theory, David Brooks, East Village, fake news, haute couture, Kevin Kelly, lateral thinking, medical malpractice, medical residency, Menlo Park, Nelson Mandela, new economy, pattern recognition, Pepsi Challenge, phenotype, Ronald Reagan, Silicon Valley, Stephen Hawking, theory of mind, young professional

Sometimes we’re better off if the mind behind the locked door makes our decisions for us. 2. The Storytelling Problem On a brisk spring evening not long ago, two dozen men and women gathered in the back room of a Manhattan bar to engage in a peculiar ritual known as speed-dating. They were all young professionals in their twenties, a smattering of Wall Street types and medical students and schoolteachers, as well as four women who came in a group from the nearby headquarters of Anne Klein Jewelry. The women were all in red or black sweaters, and jeans or dark-colored pants. The men, with one or two exceptions, were all wearing the Manhattan work uniform of a dark blue shirt and black slacks.

…

All were instructed to dress in conservative casual wear: the women in blouses, straight skirts, and flat shoes; the men in polo shirts or button-downs, slacks, and loafers. All were given the same cover story. They were instructed to go to a total of 242 car dealerships in the Chicago area and present themselves as college-educated young professionals (sample job: systems analyst at a bank) living in the tony Chicago neighborhood of Streeterville. Their instructions for what to do were even more specific. They should walk in. They should wait to be approached by a salesperson. “I’m interested in buying this car,” they were supposed to say, pointing to the lowest-priced car in the showroom.

I, Partridge: We Need to Talk About Alan by Steve Coogan

call centre, Celtic Tiger, citation needed, cuban missile crisis, late fees, means of production, negative equity, University of East Anglia, young professional

Yet no sooner had the shin-dig hit its stride than Sally’s chums and buddies seemed to drift away. Gunnell may have run her race but the rest of them were yet to compete. Their loss however was very much AP’s gain (my gain). And as Sally wasn’t ready to head home, we moved on to a restaurant serving authentic Japanese nosh. Of course, these days young professionals hotfoot it to Pret a Manger every lunchtime to gobble down box after box of sushi. But back then, things were different. Back then, our tastes were simpler and less foreign. As a result Sal and myself were pretty miffed as we browsed the menu. What was all this stuff? Others might have given up and headed off to a Western fast food joint, but not us.

…

I’ll always remember the morning of my 17th birthday. I was hoping to open the curtains and see a shiny new Triumph Dolomite gift-wrapped on the drive. But I didn’t get a car. That’s not to say I wasn’t pleased with my attaché case. The other kids in my class had to make do with satchels (boring!), whereas I looked quite the young professional, striding around with my nearly-new, jet-black Samsonite. It was a great feeling to arrive fashionably late, then make a show of flicking open the lock and pulling out my PE kit. Mum was the one that took me out for driving lessons. Dad said he wanted to but couldn’t because of his temper.

Frommer's Irreverent Guide to Las Vegas by Mary Herczog, Jordan S. Simon

Berlin Wall, Bob Geldof, Boeing 747, Carl Icahn, glass ceiling, haute couture, haute cuisine, Maui Hawaii, Murano, Venice glass, Saturday Night Live, young professional

At Paris, Napoleon’s Empire trappings—burgundy leather chairs, gold-tasseled red curtains, carpet-strewn marble floors—strike the right note for silky jazz and brandies. At the JW Marriott, Gustav Mauler’s Lounge wittily parodies a men’s club: marble tables, forest green upholstery, copper accents, and barrel-vaulted ceilings of stained glass and cedar. It’s a prime spot for Summerlin’s less stuffy young professionals to decompress over a single malt and cigar. However, if you want real lounge lizard action, we mean, the sort that Bill Murray did to perfection on Saturday Night Live, the archetype lounge singer act is Mr. Cook E. Jarr, who must be seen—and you must see him—to be believed. He’s currently booked a couple nights a week at Harrah’s Carnaval Court.

…

Gustav Mauler’s Lounge offers NIGHTLIFE customers avail themselves of pool tables, condom machines, live bands, and a sublime jukebox. On the west side of town, Pink E’s Fun Food and Spirits lures a hip “I don’t care if I’m hip” crowd, who like the tongue-in-cheek pink decor, plentiful pink pool tables (more than 50), and rocking bands. Crown and Anchor Pub caters to casino industry folk, UNLV students and faculty, and young professionals, who appreciate the vast beer selection, live soccer and rugby telecasts, nightly all-you-can-eat specials, jiving juke, and occasional hot local bands. Locals are greeted Cheers-style at Z’Tejas, where the subdued lighting, natty surroundings, and nouvelle Southwestern appetizers (half price at happy hour) are ideal for unwinding after work.

Gray Day: My Undercover Mission to Expose America's First Cyber Spy by Eric O'Neill

active measures, autonomous vehicles, Berlin Wall, bitcoin, computer age, cryptocurrency, deep learning, disinformation, Dissolution of the Soviet Union, Edward Snowden, Fall of the Berlin Wall, false flag, fear of failure, full text search, index card, information security, Internet of things, Kickstarter, messenger bag, Mikhail Gorbachev, operational security, PalmPilot, ransomware, rent control, Robert Hanssen: Double agent, Ronald Reagan, Skype, thinkpad, Timothy McVeigh, web application, white picket fence, WikiLeaks, young professional

Russia shuffled more than 485,000 soldiers and dependents, along with thousands of tanks, armored personnel carriers, artillery pieces, planes, and helicopters, back across the Russian border. Germany’s two halves might have reunited, but the east suffered a recession that sparked a migration of young professionals to the west. Juliana left her small village the moment she could. Her first job was in Aachen, Germany—over 800 kilometers directly west from the town of her birth. A year later, she found a program that would take her to the United States, farther west than anyone in her village had ever traveled.

…

Their two children, born in Canada but raised in the United States, did not learn of their parents’ true identity until the FBI kicked in the door to their Cambridge, Massachusetts, home to arrest Mom and Dad. The Heathfield-Foleys and Chapman blindsided the FBI by embracing new spy technology to communicate with Moscow. Anna would sit in a coffeehouse in the middle of the day like so many other young professionals, clicking through her laptop over a latte. Donald and Tracey would upload pictures of their beautiful family and white-picket-fenced home to a file-sharing site. Covertly, as Anna sat in the coffeehouse, her laptop would directly pair with the laptop of a Russian intelligence officer parked nearby.

The 100-Year Life: Living and Working in an Age of Longevity by Lynda Gratton, Andrew Scott

"World Economic Forum" Davos, 3D printing, Airbnb, asset light, assortative mating, behavioural economics, carbon footprint, carbon tax, classic study, Clayton Christensen, collapse of Lehman Brothers, creative destruction, crowdsourcing, deep learning, delayed gratification, disruptive innovation, diversification, Downton Abbey, driverless car, Erik Brynjolfsson, falling living standards, financial engineering, financial independence, first square of the chessboard, first square of the chessboard / second half of the chessboard, future of work, gender pay gap, gig economy, Google Glasses, indoor plumbing, information retrieval, intangible asset, Isaac Newton, job satisfaction, longitudinal study, low skilled workers, Lyft, Nelson Mandela, Network effects, New Economic Geography, old age dependency ratio, pattern recognition, pension reform, Peter Thiel, Ray Kurzweil, Richard Florida, Richard Thaler, risk free rate, Second Machine Age, sharing economy, Sheryl Sandberg, side project, Silicon Valley, smart cities, Stanford marshmallow experiment, Stephen Hawking, Steve Jobs, tacit knowledge, The Future of Employment, uber lyft, warehouse robotics, women in the workforce, young professional

The lengthening of life is a very real phenomenon, bringing with it unpredictable changes and challenges, but also significant opportunities. With increased life expectancy, how do you get the most from your life? How do you leverage your abilities while at the same time taking advantage of life’s opportunities? Gratton and Scott’s book is a wake-up call for individuals, organizations, governments and societies. Relevant to young professionals as well as seasoned leaders, this book introduces readers to a new reality: multi-stage professional and personal lives that encompass different careers and transitions. Full of practical insights, this book helps readers to build and live a life worth living. Boris Groysberg, Professor of Business Administration, Harvard Business School Longevity has been rising in rich countries at a continuing remarkable rate.

…

Dual income couples – men spend 11 hours per week more in paid work, have 4.5 more hours of leisure; women do more childcare and housework. 18Modern Parenthood (Pew Center). 19McKinsey research programme examining gender diversity: see for example ‘Gender diversity in top management: Moving corporate culture, moving boundaries’ (McKinsey, 2013); ‘Unlocking the full potential of women in the U.S. economy’ (McKinsey, 2012); Women Matter. Gender diversity at the top of corporations: Making it happen (McKinsey, 2010). 20Bertrand, M., Goldin, C. and Katz, L., ‘Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors’, American Economic Journal: Applied Economics 2 (2010): 228–55. 21Goldin, ‘A Grand Gender Convergence: Its Last Chapter’. 22‘Women and the Future of Work’, ILO (International Labour Organization) (2015) http://www.ilo.org/wcmsp-132/groups/public/@dgreports/@dcomm/documents/briefingnote/wcms_347,950pdf 23Law firms such as Clearspire in the US or Obelisk in the UK are already developing an online platform that enables home-based lawyers to practise their skills in a more flexible way. 24Coltrance, S., Miller, E., DeHaan, T. and Stewart, L., ‘Fathers and the Flexibility Stigma’, Journal of Social Issues 69 (2) (2013): 279–302. 25Cherlin, A., Marriage, Divorce, Remarriage (Harvard University Press, 1981). 26Buettner, P., The Blue Zones: lessons for living longer from the people who have lived the longest (National Geographic, 2008). 27Ruggles, S., ‘The Transformation of American Family Structure’, American Historical Review 99 (1994): 103–28. 28Kohli, M., ‘The World We Forgot: An Historical Review of the Life Course’, in Marshall, V.

The Precariat: The New Dangerous Class by Guy Standing

8-hour work day, banking crisis, barriers to entry, basic income, behavioural economics, Bertrand Russell: In Praise of Idleness, bread and circuses, call centre, Cass Sunstein, centre right, collective bargaining, company town, corporate governance, crony capitalism, death from overwork, deindustrialization, deskilling, emotional labour, export processing zone, fear of failure, full employment, Herbert Marcuse, hiring and firing, Honoré de Balzac, housing crisis, illegal immigration, immigration reform, income inequality, independent contractor, information security, it's over 9,000, job polarisation, karōshi / gwarosa / guolaosi, labour market flexibility, labour mobility, land reform, libertarian paternalism, low skilled workers, lump of labour, marginal employment, Mark Zuckerberg, mass immigration, means of production, mini-job, moral hazard, Naomi Klein, nudge unit, old age dependency ratio, Panopticon Jeremy Bentham, pension time bomb, pensions crisis, placebo effect, post-industrial society, precariat, presumed consent, quantitative easing, remote working, rent-seeking, Richard Thaler, rising living standards, Ronald Coase, Ronald Reagan, science of happiness, shareholder value, Silicon Valley, technological determinism, The Market for Lemons, The Nature of the Firm, The Spirit Level, Tobin tax, transaction costs, universal basic income, unpaid internship, winner-take-all economy, working poor, working-age population, young professional

The attitudes of the two generations were similar; the difference is in the reality confronting them. These studies focused on those who managed to enter salaried jobs, who would be expected to show more job commitment than those who did not. A UK study (Centre for Women in Business, 2009) also found young professionals professing loyalty to their firm, but it was contingent loyalty in that most were ready to move on if not promoted. They felt their parents’ trust in an ‘organisation’ had been betrayed and did not want to leave WHO ENTERS THE PRECARIAT? 75 themselves open to such disappointment. While some have claimed that the Great Recession has acted as a needed ‘reality check’ on Generation Y’s ‘air of entitlement’ (Tulgan, 2009), if anything it will have reinforced young people’s feeling that the ‘system’ is against them.

…

(ed.) (2010), How Africa Works: Occupational Change, Identity and Morality, Rugby: Practical Action Publishing. Bullock, N. (2009), ‘Town Halls Find Fresh Angles to Meet Recession’, Financial Times, 23 December, p. 2. Carr, N. (2010), The Shallows: What the Internet Is Doing to Our Brains, New York: Norton. Centre for Women in Business (2009), The Reflexive Generation: Young Professionals’ Perspectives on Work, Career and Gender, London: London Business School. Chan, W. (2010), ‘The Path of the Ant Tribe: A Study of the Education System That Reproduces Social Inequality in China’, paper presented at the Seventh East Asia Social Policy Conference, Seoul, 19–21 August. Chellaney, B. (2010), ‘China Now Exports Its Convicts’, Japan Times Online, 5 July.

Fodor's Barcelona by Fodor's

Albert Einstein, call centre, Frank Gehry, Guggenheim Bilbao, haute couture, haute cuisine, low cost airline, market design, Suez canal 1869, urban renewal, urban sprawl, young professional

. $$–$$$ | Backing into some of Barcelona’s prime art, architecture, and wine and tapas territory, this semi-budget hotel offers sleek new rooms with espresso-colored wood details situated across the street from the elegant old Estació de França train station. The hotel is modest and unassuming but efficient, full of modern conveniences and staffed with cheerful and hardworking young professionals. Pros: central location; good value; friendly staff. Cons: small rooms; no glamour; no room service. | Av. Marquès de l’Argentera 11, Born-Ribera | 08003 | 93/319–6000 | www.parkhotelbarcelona.com | 91 rooms | In room: Wi-Fi, refrigerator. In-hotel: bar | AE, DC, MC, V | EP | Station: Barceloneta El Raval Barceló Raval. $$–$$$ | This cylindrical black rocket ship looming over the Raval offers designer surroundings and, from the roof terrace, 360-degree vistas of all of Barcelona.

…

The marble cod basins in the entry and the spiral staircase to the second floor are the quirkiest details, but everything seems devised to charm the eye. | Passeig del Born 26, La Ribera | 08003 | 93/319–5333 | Station: Jaume I. El Copetín. Right on Barcelona’s best-known cocktail avenue, this bar catering to young professionals in the thirty- to forty-year-old range has good cocktails and Irish coffee. It’s dimly lighted and romantic, with South Seas motifs. | Passeig del Born 19, La Ribera | 08003 | 93/319–4496 | Station: Jaume I. Harry’s. This is Barcelona’s version of the Parisian “sank roo-doe-noo” (5, rue Daunou) favorite that intoxicated generations of American literati, faux and otherwise, in Paris.

…

. | Comerç 21, Born-Ribera | 08003 | 93/310–7542 | www.salsapower.com | Station: Jaume I. Ommsession Club. The Hotel Omm attracts an army of the thirty-five to fortysomething crowd looking for excitement on Friday and Saturday nights. DJs and occasional live performances keep this well-groomed mob of young and not-so-young professionals clustered around the lobby bar with frequent dives down into the torrid dance floor downstairs. | Rosselló 265, Born-Ribera | 08008 | 93/445–400 | www.ommsession.es | Station: Diagonal. Otto Zutz. Just off Via Augusta, above the Diagonal, this nightclub and disco is a perennial Barcelona favorite that keeps attracting a glitzy mix of Barcelona movers and shakers, models, ex-models, wannabe models, and the hoping-to-get-lucky mob that predictably follows this sort of pulchritude.

Fodor's Venice and Northern Italy by Fodor's

car-free, gentrification, glass ceiling, haute cuisine, Murano, Venice glass, trade route, urban planning, young professional

No dinner Sat. Hopfen & Co. ¢–$ | NORTHERN ITALIAN | Fried white Würstel (sausage), sauerkraut, and grilled ribs complement the excellent home-brewed Austrian-style pilsner and wheat beer at this lively pub-restaurant. There’s live music on Thursday night, attracting Bolzano’s students and young professionals. | Piazza delle Erbe, Obstplatz 17 | 39100 | 0471/300788 | www.boznerbier.it | MC, V. Wirthaus Vőgele. $$ | NORTHERN ITALIAN | Ask a resident of Bolzano where they like to dine out, and odds are good they’ll tell you Vögele, one of the area’s oldest inns. The classic wood-panel dining room on the ground level is often packed with diners, but don’t despair, as the restaurant has two additional floors.

…

It features international stars, some of whom jet in to play here, while others, including Ronnie Jones, are longtime residents in Milan. Dinner is an option. The bar of the Sheraton Diana Majestic (Viale Piave 42 | 20129 | 02/20581), which has a splendid garden, is a prime meeting place for young professionals and the fashion people from the showrooms of the Porta Venezia neighborhood. For a break from the traditional, check out ultratrendy SHU (Via Molino delle Armi, Ticinese | 20123 | 02/58315720), whose gleaming interior looks like a cross between Star Trek and Cocteau’s Beauty and the Beast. Happy Hour The aperitivo, or prelunch or predinner drink, is part of life everywhere in Italy, and each town has its own rites and favorite drinks.

…

The Capo Verde (Via Leoncavallo 16 | 20131 | 02/26820430) is in a greenhouse/nursery and is especially popular for after-dinner drinks. G Lounge (Via Larga 8 | 20122 | 02/8053042) has rotating DJs and quality music. The elegant Hotel Sheraton Diana Majestic (Viale Piave 42 | 20129 | 02/20582081) attracts a young professional crowd in good weather to its beautiful garden, which gets yearly thematic transformations. In the Brera neighborhood, the highly rated enoteca ‘N Ombra de Vin (Via S. Marco 2 | 20121 | 02/6599650 | www.nombradevin.it) serves wine by the glass and, in addition to the plates of sausage and cheese nibbles, has light food and not-so-light desserts.

Minimalism: Live a Meaningful Life by Joshua Fields Millburn, Ryan Nicodemus

agricultural Revolution, price anchoring, Skype, young professional

Our essays have been featured on dozens of popular websites throughout the Internet, including Zen Habits, Time Magazine’s #1 blog in the world. Both of us have extensive experience leading large groups of people in corporate America, coaching and developing hundreds of employees to grow as individuals and live more meaningful lives. Once upon a time, we were two happy young professionals living in Dayton, Ohio. But we weren’t truly happy. We were best friends in our late twenties, and we both had great six-figure jobs, nice cars, big houses, plenty of toys, and an abundance of stuff. And yet with all this stuff, we knew we were not satisfied with our lives. We knew we were not happy or fulfilled.

Legacy: Gangsters, Corruption and the London Olympics by Michael Gillard

Boris Johnson, business intelligence, centre right, Crossrail, forensic accounting, Jeremy Corbyn, offshore financial centre, One Laptop per Child (OLPC), upwardly mobile, working-age population, young professional

Wales came from the right wing of the Labour movement and was made leader of Newham council shortly after Tony Blair took over a rebranded New Labour party in 1994. Both men shared a vision for the Docklands that attracted not just new business but a new type of resident, drawn from the ranks of young professionals already gentrifying deprived, multi-cultural boroughs such as Hackney and Lambeth in search of affordable private housing and expensive coffee. Since its creation, the London borough of Newham was largely white, working class and overwhelmingly tied to social housing. The seventies had seen the far-right National Front party achieve its biggest vote in Canning Town.

…

These infrastructure projects were some years off completion, but there were any number of old pubs, clubs and shop fronts that could be picked up cheaply to launder criminal activity and service the sexual urges of, initially, traditional East Enders, the growing immigrant community from the Asian sub-continent, and later, young professionals. Opportunity knocked when Holmes was asked if he wanted in on an investment in Newham. Days later at a spieler over a second-hand furniture shop, veteran south London villain, Ronnie Olliffe, laid out the proposition. Holmes knew Olliffe through the porn game and supplied him with dirty magazines and videos.

Fred Schwed's Where Are the Customers' Yachts?: A Modern-Day Interpretation of an Investment Classic by Leo Gough

Albert Einstein, banking crisis, Bernie Madoff, book value, corporate governance, discounted cash flows, disinformation, diversification, fixed income, index fund, John Bogle, junk bonds, Long Term Capital Management, Michael Milken, Northern Rock, passive investing, Ralph Waldo Emerson, random walk, short selling, South Sea Bubble, The Nature of the Firm, the rule of 72, The Wealth of Nations by Adam Smith, transaction costs, young professional

6 PROFESSIONAL STOCK-PICKING ‘Thus far in our history there has been little evidence that there exists a demonstrable skill in managing security portfolios.’ DEFINING IDEA… I have no confidence in professional stock-picking. ~ PROFESSOR ALFRED STEINHERR, EMINENT BANKER In spite of all the hype, the grand offices, the PhDs in finance, the serried ranks of bright young professionals and the genuine advances in the theoretical understanding of finance and investment during the last half century, it is still as true today as it was in Fred Schwed’s that professional managers, as a group, have not demonstrated that they can consistently perform better than the average over an extended period of time (for an explanation of what ‘average’ may mean see chapter 13).

The Rough Guide to New York City by Rough Guides

3D printing, Airbnb, Bear Stearns, Berlin Wall, Bernie Madoff, bike sharing, Blue Bottle Coffee, Bonfire of the Vanities, Broken windows theory, Buckminster Fuller, buttonwood tree, car-free, centre right, Chuck Templeton: OpenTable:, clean water, collateralized debt obligation, colonial rule, congestion pricing, Cornelius Vanderbilt, crack epidemic, David Sedaris, Donald Trump, Downton Abbey, East Village, Edward Thorp, Elisha Otis, Exxon Valdez, Frank Gehry, General Motors Futurama, gentrification, glass ceiling, greed is good, haute couture, haute cuisine, Howard Zinn, illegal immigration, index fund, it's over 9,000, Jane Jacobs, junk bonds, Kickstarter, Lewis Mumford, Lyft, machine readable, Nelson Mandela, Norman Mailer, paper trading, Ponzi scheme, post-work, pre–internet, rent stabilization, ride hailing / ride sharing, Saturday Night Live, Scaled Composites, starchitect, subprime mortgage crisis, sustainable-tourism, The Death and Life of Great American Cities, the High Line, transcontinental railway, Triangle Shirtwaist Factory, uber lyft, upwardly mobile, urban decay, urban planning, urban renewal, white flight, Works Progress Administration, Yogi Berra, young professional

This area has been an enclave of New York’s upper class since the 1890s, when dynasties such as the Rockefellers, Whitneys and Astors built mansions here, and it remains a major tourist draw thanks to Museum Mile and the Met. Today, long-time resident Woody Allen and Madonna call the Upper East Side home, a world aptly portrayed in movies such as Breakfast at Tiffany’s, and in TV shows Sex and the City and Gossip Girl. Shedding its stuffy image somewhat, an influx of young professionals has sparked a mini surge in gastropubs and cocktail bars in recent years – and it’s become more accessible; the first phase of the Second Avenue Subway opened in 2017. Upper East Side Historic District Subway F to Lexington Ave/63rd St; #6 to 68th St or 77th St Encompassing 59th to 78th streets, between Fifth and Lexington avenues, the Upper East Side Historic District has been the haughty patrician face of Manhattan since the late nineteenth century.

…

< Back to Upper East Side Upper West Side and Morningside Heights While the Upper East Side has always been a privileged stronghold, the Upper West Side, its counterpart on the other side of Central Park, is the slightly younger, vaguely hipper, but nonetheless affluent rival. A decade or two ago, the Upper West Side was the neighbourhood of choice for upwardly mobile dot-commers, and though those days seem long gone, young professionals and families with school-age children still make up a sizeable part of the population. This isn’t to say it lacks glamour; the lower stretches of Central Park West and Riverside Drive are quite fashionable, while the network of performing spaces at Lincoln Center makes the neighbourhood New York’s de facto centre of culture.

…

Astoria Northeast of Long Island City is Astoria, bounded on the north and west by the East River, to the south by 36th Avenue and to the east by 46th Street or thereabouts. The diverse neighbourhood is best known for being home to the largest concentration of Greeks outside Greece, though many other groups are in abundance as well, including Moroccans, Egyptians, Bangladeshis, Bosnians and Brazilians; plenty of young professionals live in the 1930s brick apartment buildings and vinyl-sided row houses. The N and W trains from Manhattan run north through the middle of the neighbourhood, stopping at all of the major avenues, each of which forms its own community: 30th Avenue and Broadway are liveliest, with Greek coffee joints and nightclubs, discount department stores, butchers, fishmongers and ethnic restaurants of every type; a few cafés and restaurants on 34th and 35th avenues cater to Kaufman Astoria Studios’ workers and visitors.

Freedom by Daniel Suarez

augmented reality, big-box store, British Empire, Burning Man, business intelligence, call centre, cloud computing, corporate personhood, digital map, game design, global supply chain, illegal immigration, Naomi Klein, new economy, Pearl River Delta, plutocrats, private military company, RFID, Shenzhen special economic zone , special economic zone, speech recognition, Stewart Brand, telemarketer, the scientific method, young professional

Price raised his arms theatrically. "The net worth of everyone. Real-time financial data." He frowned. "A lot of red out there, but then again, this is America." Sebeck stared at the hundreds of numbers moving past him. Not every person had a number above them, but the vast majority did. A young professional couple with a baby, both of them with negative numbers in the forty thousand range. A poorly dressed woman in her sixties sat on a bench near the fountain with a bright green "$893,393" over her head. Sebeck kept staring at the numbers passing by. There was no anticipating who had money and who didn't.

…

He noticed that there were no door handles on the inside, and a wire mesh stood between him and the front seat. He was now their prisoner. The officers got in front and drove off in dense traffic without a word either to each other or to Ross. They drove for only a few minutes before pulling to the curb on a highly fashionable restaurant block. The place was bustling with shoppers and young professionals. The men got out and opened the door for Ross, who stepped onto the sidewalk and met the gaze of his captor. "I'm confused. Am I bribing you or not?" The man just grabbed Ross's arm and along with his partner they moved toward an upscale martini bar done in clean Scandinavian glass and hardwoods with a minimalist logo that was so hip it would be indecipherable to Chinese and Scandinavians alike.

The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead by David Callahan

1960s counterculture, affirmative action, Alan Greenspan, business cycle, Cornelius Vanderbilt, corporate governance, corporate raider, creative destruction, David Brooks, deindustrialization, East Village, eat what you kill, fixed income, forensic accounting, full employment, game design, greed is good, high batting average, housing crisis, illegal immigration, income inequality, job satisfaction, junk bonds, mandatory minimum, market fundamentalism, Mary Meeker, McMansion, Michael Milken, microcredit, moral hazard, multilevel marketing, new economy, New Urbanism, offshore financial centre, oil shock, old-boy network, PalmPilot, plutocrats, postindustrial economy, profit maximization, profit motive, RAND corporation, Ray Oldenburg, rent stabilization, Robert Bork, rolodex, Ronald Reagan, Savings and loan crisis, shareholder value, Shoshana Zuboff, Silicon Valley, Steve Jobs, The Bell Curve by Richard Herrnstein and Charles Murray, The Chicago School, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, War on Poverty, winner-take-all economy, World Values Survey, young professional, zero-sum game

"There is compelling evidence that concern about relative position is a deep-rooted and ineradicable element of human nature," Frank writes.34 So go ahead, feel sorry for that baseball benchwarmer pulling in paychecks bigger than anything most of us will see in our lifetime—but who shares a locker room with guys who make $10 million a year. Feel sorrier, though, for the sales manager at a Banana Republic who can barely make ends meet at a job selling expensive clothes to young professionals who make five times what she does. Worries about relative position are most wrenching when people are hurting economically and when competitive emotions are mixed with survival instincts. This is exactly the situation for tens of millions of Americans who were bypassed by the boom—yet see its fruits displayed before them every day.

…

Get passed over for another candidate, and that gilded dream vanishes into thin air, replaced by the dreary prospect of actually working your way up in the world. Today, in the aftermath of the boom, the stakes are also high—namely, basic survival. Over two million jobs disappeared in the U.S. between 2001 and 2003, with some of the most competitive and lucrative industries getting hit the hardest. Stories abound of highly educated young professionals working in sales jobs or not working at all. With the stakes of job hunting now so high in both good times and bad, it should come as no surprise that more job seekers misrepresent their credentials. The American résumé, in fact, is right up there with lawyers' time sheets and corporate earnings statements as among the most misleading documents around.

The Accidental Investment Banker: Inside the Decade That Transformed Wall Street by Jonathan A. Knee

AOL-Time Warner, barriers to entry, Bear Stearns, book value, Boycotts of Israel, business logic, call centre, cognitive dissonance, commoditize, corporate governance, Corrections Corporation of America, deal flow, discounted cash flows, fear of failure, fixed income, Glass-Steagall Act, greed is good, if you build it, they will come, iterative process, junk bonds, low interest rates, market bubble, market clearing, Mary Meeker, Menlo Park, Michael Milken, new economy, Ponzi scheme, pre–internet, proprietary trading, risk/return, Ronald Reagan, shareholder value, Silicon Valley, SoftBank, technology bubble, young professional, éminence grise

On my side, I knew life for those loyal to the former regime at United would be unpleasant once we handed the keys to the kingdom over to the coming dictatorship of the proletariat. On Kevin’s side, Thornton had now asked him to help build the European media effort by hiring a handful of smart, hungry, young professionals from the outside. And once given a task, Kevin did not like to fail. Thornton specifically wanted individuals who would not have been tainted by indoctrination into Goldman’s insular culture, whose epicenter was New York, so I fit the bill. “Kevin, I could have become a banker when I left school six years ago.

…

But to these traumatized individuals whose entire sense of worth had been wrapped up in the status afforded them by their job, it felt like it couldn’t.) There should be something incredibly liberating about that, I would suggest. Why don’t you think about who you are and what you really want to be rather than what someone else thinks you should be? At this point I would whip out what I still consider the best career-planning text for young professionals. I came to use German poet Rainer Maria Rilke’s Letters to a Young Poet as a kind of shock therapy for these broken men and women. I had purchased a stash of copies from Amazon for this purpose. For those of you who don’t remember from high school or college, Rilke writes to the poet of the title in order to warn him of the hardship involved in his chosen profession and counsels deep introspection.

Peak Car: The Future of Travel by David Metz

autonomous vehicles, behavioural economics, bike sharing, Clayton Christensen, congestion charging, Crossrail, crowdsourcing, David Attenborough, decarbonisation, disruptive innovation, driverless car, edge city, Edward Glaeser, Ford Model T, gentrification, high-speed rail, Just-in-time delivery, low cost airline, megaproject, Network effects, Ocado, Richard Florida, Robert Gordon, seminal paper, Silicon Valley, Skype, Suez canal 1869, The future is already here, urban sprawl, yield management, young professional

People are willing to live in locations once considered rather remote because these have been made accessible by speedy and reliable rail travel, particularly for the journey to work. It is not only new housing that is changing what were previously the poorer neighbourhoods of East London. The increased access has encouraged people to buy and renovate existing housing, stimulated by prices lower than in more fashionable parts of the capital. Young professionals have been moving east, reviving neighbourhoods that are becoming more diverse in their social composition. As well as housing, transport investment has made possible a variety of major commercial and public developments in East London, notably London City Airport (suitable for short take‑off aircraft), a large exhibition centre, a major entertainment venue, university campuses, the site for the 2012 London Olympic Games and the adjacent large shopping centre, with more such developments expected.

Architect's Pocket Book of Kitchen Design by Charlotte Baden-Powell

young professional

They may only be used for minor tasks such as defrosting, warming plates or reheating food or they may be the sole oven in the kitchen when conventional cooking is combined with microwaving as in the combination microwave which allows for extra speed and efficiency. It is the essential appliance for busy young professionals working long hours who rely on ready-prepared frozen food for their evening meal. 108 Architect’s Pocket Book of Kitchen Design How microwaves work Microwaves are high frequency, short length, electromagnetic waves similar to TV radio waves. At the heart of the oven is a magnetron which converts the electric current into microfrequency waves (2450 MHz for an 850 W oven).

San Francisco Like a Local by DK Eyewitness

back-to-the-land, Big Tech, bike sharing, Black Lives Matter, Blue Bottle Coffee, Bottomless brunch, COVID-19, crowdsourcing, gentrification, Golden Gate Park, Greta Thunberg, Haight Ashbury, Kickstarter, Lyft, messenger bag, ride hailing / ride sharing, Salesforce, sharing economy, Silicon Valley, South of Market, San Francisco, tech bro, tech worker, uber lyft, young professional

g Rooftop Bars g Contents Google Map 620 JONES Map 1; 620 Jones Street, Tenderloin; ///leans.sleeps.person; www.620-jones.com Friends tell friends, who tell yet more friends, about this outdoor patio, which is so well-hidden down an alley that you could live next to it and not notice it until the day that someone whispers the words “620 Jones.” With views of ornate apartment buildings, the regular crowd of young professionals, students, and the occasional drag queen always makes for a party. » Don’t leave without taking in the view of the 70-ft (20-m) golden brain mural, a tribute to the Tenderloin by street artist Believe in People. g Rooftop Bars g Contents Google Map TOP OF THE MARK Map 1; 999 California Street, Nob Hill; ///boot.bells.shield; www.intercontinentalmarkhopkins.com All right, it’s not alfresco, but this 19th-floor, self-professed “sky lounge” does have floor-to-ceiling, 360-degree views.

City on the Verge by Mark Pendergrast

big-box store, bike sharing, clean water, Community Supported Agriculture, cotton gin, crowdsourcing, desegregation, edge city, Edward Glaeser, food desert, gentrification, global village, high-speed rail, housing crisis, hydraulic fracturing, income inequality, independent contractor, Jane Jacobs, jitney, land bank, Lewis Mumford, liberation theology, mass incarceration, McMansion, megaproject, New Urbanism, openstreetmap, power law, Richard Florida, streetcar suburb, subprime mortgage crisis, the built environment, The Death and Life of Great American Cities, the High Line, transatlantic slave trade, transit-oriented development, urban planning, urban renewal, urban sprawl, W. E. B. Du Bois, walkable city, white flight, young professional

The “edge cities” surrounding the urban core, accessible only by automobile, leeched life and business from traditional downtowns. (In metro Atlanta, the oxymoronically named Perimeter Center exemplifies the phenomenon.) Over the past two decades, some US cities have clawed their way back to civility. Eschewing suburban commuter hell, empty nesters and young professionals have relocated to innovative cities such as Portland, Oregon; Seattle, Washington; and Charlotte, North Carolina, which are far ahead of Atlanta in terms of livable initiatives such as bike lanes, trails, parks, and streetcars. While not the only such urban project, the BeltLine is the most ambitious and transformative.

…

“In the last six years, we rehabbed and flipped houses to bring in market-rate families, to create mixed-income blocks.” In 2008, about half of the homes in South Atlanta were vacant. Now the vacancy rate was only 15 percent. “Yes, we are slowly gentrifying the neighborhood, but in a good way,” Delp said. “Young professional African Americans are moving here, finding good prices on homes.” Gentrification itself is not necessarily a bad thing, according to Delp, who cited studies showing that the process generally helps residents who have at least graduated from high school. Years from now, when the paved BeltLine finally sweeps past South Atlanta, Delp thinks it will spawn businesses other than the current impoundment lots, junkyards, and trash recyclers.

Coming Apart: The State of White America, 1960-2010 by Charles Murray

affirmative action, assortative mating, blue-collar work, classic study, Community Supported Agriculture, corporate governance, David Brooks, en.wikipedia.org, feminist movement, gentrification, George Gilder, Haight Ashbury, happiness index / gross national happiness, helicopter parent, illegal immigration, income inequality, job satisfaction, labor-force participation, longitudinal study, low skilled workers, Menlo Park, new economy, public intellectual, Ralph Nader, Richard Florida, Silicon Valley, sparse data, Steve Jobs, The Bell Curve by Richard Herrnstein and Charles Murray, Tipper Gore, Unsafe at Any Speed, War on Poverty, working-age population, young professional

Rather, there weren’t enough of them to impose their will. They were a majority in only a few neighborhoods. A few years earlier, in the 1960 census, just 18 percent of the adults in Cambridge had college degrees and Cambridge’s median income was just $43,641. In 1963, the Harvard Square area had not yet begun to draw in young professionals who decided that they preferred Cambridge to the suburbs. The faculty and students of Harvard and MIT had not yet been reinforced by an influx of employees of high-tech industries and research organizations. Once you subtracted all the students, faculty, and university administrators living in Cambridge in 1963, most of the rest of Cambridge was a working-class and lower-middle-class community.

…

Juvenile crime and druggies might have become a problem by Fishtown’s traditional standards, but you still didn’t need to worry that you would be mugged walking home or that the convenience store would be robbed at gunpoint while you picked up a quart of milk late at night. And so first the pioneers—the artists and musicians without much money—started to move into Fishtown. In the last few years, affluent young professionals have expanded their beachhead. If you go to Fishtown today, you will see a streetscape that is still much like it used to be, but with occasional differences. Bars that used to specialize in Bud and Seagram’s Seven and (if you insisted on food) pig’s feet and Slim Jims now have sophisticated lighting, bars glistening with bottles of every kind of boutique alcohol, and menus that you might find on South Broad Street.

Finance and the Good Society by Robert J. Shiller

Alan Greenspan, Alvin Roth, bank run, banking crisis, barriers to entry, Bear Stearns, behavioural economics, benefit corporation, Bernie Madoff, buy and hold, capital asset pricing model, capital controls, Carmen Reinhart, Cass Sunstein, cognitive dissonance, collateralized debt obligation, collective bargaining, computer age, corporate governance, Daniel Kahneman / Amos Tversky, democratizing finance, Deng Xiaoping, diversification, diversified portfolio, Donald Trump, Edward Glaeser, eurozone crisis, experimental economics, financial engineering, financial innovation, financial thriller, fixed income, full employment, fundamental attribution error, George Akerlof, Great Leap Forward, Ida Tarbell, income inequality, information asymmetry, invisible hand, John Bogle, joint-stock company, Joseph Schumpeter, Kenneth Arrow, Kenneth Rogoff, land reform, loss aversion, Louis Bachelier, Mahatma Gandhi, Mark Zuckerberg, market bubble, market design, means of production, microcredit, moral hazard, mortgage debt, Myron Scholes, Nelson Mandela, Occupy movement, passive investing, Ponzi scheme, prediction markets, profit maximization, quantitative easing, random walk, regulatory arbitrage, Richard Thaler, Right to Buy, road to serfdom, Robert Shiller, Ronald Reagan, selection bias, self-driving car, shareholder value, Sharpe ratio, short selling, Simon Kuznets, Skype, social contagion, Steven Pinker, tail risk, telemarketer, Thales and the olive presses, Thales of Miletus, The Market for Lemons, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, Vanguard fund, young professional, zero-sum game, Zipcar

The Great Illusion, Then and Now 135 139 143 151 159 168 178 187 197 209 219 Epilogue: Finance, Power, and Human Values 231 Notes References Index 241 257 273 Preface to the Paperback Edition As I prepare the paperback edition of this book, Finance and the Good Society, tens of thousands of students around the world are about to enroll in university courses on economics and nance, just as even more young people are about to embark on careers that get them involved, one way or another, in nancial activities. These young people comprise the most signi cant audience for the paperback edition as they ponder their role in an expanding world of financial capitalism. While there is nothing especially novel about a new generation of students and young professionals assuming their places in classrooms and corporations and nonpro ts and regulatory agencies, in recent years there is something very new about the culture in which they will learn. That is, the part played by the new nancial technologies in precipitating the ongoing nancial crisis has become a matter of public as well as intellectual concern.

…

It is carried on by a multitude of others and intertwined with thinking in other books and other new public dialogues. This book is about progress and change, and even more than with most books it is intended as a conversation starter. It is in this spirit—the spirit of discussion, collaboration, and dialogue, leading to invention and change—that I invite nance students and young professionals to take part in the e ort to try to de ne a clear and compelling connection between finance and the good society. This book consists of two parts, following an introductory chapter. The introductory chapter establishes the context of nancial capitalism in modern history and global society, emphasizing the centrality of nancial innovations, from stock markets through mortgages, in contributing to the achievement of all of the varied long-term goals people have, and the role of the nance professions as “stewards” of society’s wealth.

Targeted: The Cambridge Analytica Whistleblower's Inside Story of How Big Data, Trump, and Facebook Broke Democracy and How It Can Happen Again by Brittany Kaiser

"World Economic Forum" Davos, Albert Einstein, Amazon Mechanical Turk, Asian financial crisis, Bernie Sanders, Big Tech, bitcoin, blockchain, Boris Johnson, Brexit referendum, Burning Man, call centre, Cambridge Analytica, Carl Icahn, centre right, Chelsea Manning, clean water, cognitive dissonance, crony capitalism, dark pattern, data science, disinformation, Dominic Cummings, Donald Trump, Edward Snowden, Etonian, fake news, haute couture, illegal immigration, Julian Assange, Mark Zuckerberg, Menlo Park, Nelson Mandela, off grid, open borders, public intellectual, Renaissance Technologies, Robert Mercer, rolodex, Russian election interference, sentiment analysis, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, Skype, Snapchat, statistical model, Steve Bannon, subprime mortgage crisis, TED Talk, the High Line, the scientific method, WeWork, WikiLeaks, you are the product, young professional

Despite the fact that we had backed candidates in the gubernatorial races in Mexico, we didn’t have the infrastructure in place. Our two team members had been able to query focus groups and do basic research, but they hadn’t built a database of any helpful size or relevance, and they’d been unable to do any proper modeling or targeting. When I arrived, I set out to assemble the database and create a dream team of young professionals, from both inside Mexico and out—researchers and creatives, pollsters and data scientists, radio and television producers, and social media influencers—to support a winning effort. As a U.S. citizen, I found it a fraught time to do business in Mexico, commercial or governmental—never mind at the presidential level.

…

Though not an official delegate to the conference, I made my way to the Hilton Midtown—funnily enough, a place I hadn’t been to since Alexander gave a talk there on behavioral microtargeting—not knowing what to expect, but dying to meet one of my heroes. Inside, I made my way to the back of the conference room, from where I listened intently to Ellsberg’s words. “What would you do if you were a young professional working at your dream job,” Ellsberg said, “and you discover that your employer was lying to the public, promoting a disastrous foreign war, and steadily expanding a weapons program that threatened to destroy human life on earth?” I was taken aback. It felt too close to home. When Ellsberg got offstage, he was surrounded: everyone from lawyers in slick New York suits to grandmotherly looking women in knit dresses moved in to shake his hand and thank him for taking such a great risk in the face of adversity.

Saving America's Cities: Ed Logue and the Struggle to Renew Urban America in the Suburban Age by Lizabeth Cohen

activist lawyer, affirmative action, Albert Einstein, anti-communist, benefit corporation, British Empire, Buckminster Fuller, car-free, charter city, deindustrialization, desegregation, Edward Glaeser, garden city movement, General Motors Futurama, gentrification, ghettoisation, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, hiring and firing, housing crisis, income inequality, indoor plumbing, Jane Jacobs, land reform, Lewis Mumford, megastructure, new economy, New Urbanism, Peter Eisenman, postindustrial economy, race to the bottom, rent control, Robert Gordon, rolodex, Ronald Reagan, subprime mortgage crisis, tech worker, the built environment, The Death and Life of Great American Cities, union organizing, upwardly mobile, urban decay, urban planning, urban renewal, Victor Gruen, Vilfredo Pareto, walkable city, War on Poverty, white flight, white picket fence, young professional

Today, urban America contends with a sharp contradiction. The good news is that after years of disinvestment and disinterest from middle-class metropolitan residents who preferred to head back to the suburbs at the end of every workday—the reality that Ed Logue battled—urban living appeals again. Whether young professionals employed at start-ups and tech firms increasingly locating downtown or formerly suburban empty nesters returning to the city, these new urbanites are willing to pay more and live smaller to be in the city, so long as it is the prospering kind that has successfully transitioned from a declining industrial to a flourishing postindustrial economy.

…

Soon after he started working as general counsel at the Redevelopment Agency, he was assigned to complete a form for the Feds outlining all the Connecticut statutes relevant to urban renewal. “I did a lousy job,” he said. When he handed it to Logue, Grabino recalled, “He lace[d] into me, like Logue always did … and he was right. So I took it back, and I redid it. And from that day on, I resolved that that is never going to happen again.”30 For young professionals like Grabino, Ed Logue became a mentor and a model of a self-assured, rigorous, and principled public servant who knew how to get results. Some subordinates, however, chafed at Logue’s demanding management style. Soon after Allan Talbot arrived to work in the New Haven Redevelopment Agency, one of his first assignments was to prepare the annual report for the agency.

…

I think I’m going to want you to come … This is going to be really important.’”64 New blood soon arrived as well. Lawrence Goldman was twenty-eight in 1973, with an almost-completed Princeton Ph.D. dissertation on a planned town outside London, when he jumped at the chance to become Logue’s special assistant and join a “veritable children’s brigade of smart—and sometimes smart-assed—uncontainable young professionals…, the best and the brightest.”65 Richard Kahan was a Columbia law student in 1971 when he started working at the UDC: “There was this great sense of momentum and everybody feeling they were part of something historic and wanting to kill for this guy … He was a two-fisted, roll-up-your-sleeves, let’s-get-down-in-the-dirt-and-make-things-happen kind of progressive.”66 Paul Byard, a graduate of Yale College and Harvard Law, was hungry for a job with more social value than his current one at a prestigious New York law firm.

Concretopia: A Journey Around the Rebuilding of Postwar Britain by John Grindrod

Apollo 11, Berlin Wall, Bletchley Park, garden city movement, gentrification, Great Leap Forward, housing crisis, Jane Jacobs, Kickstarter, Leo Hollis, Lewis Mumford, Martin Parr, megastructure, military-industrial complex, Neil Kinnock, New Urbanism, Right to Buy, side project, The Death and Life of Great American Cities, Traffic in Towns by Colin Buchanan, urban decay, urban planning, urban renewal, urban sprawl, women in the workforce, young professional

In the Museum there are amazing photos of high streets completely rammed with coach-sized baby carriages. ‘If you went into Sainsbury’s or Boots or Woolworths you just parked your pram outside – with the baby in it!’ said Janet, shaking her head in disbelief at the memory. The photos highlighted the unbalanced nature of the town’s population, which was heavily weighted towards young professionals. Indeed, Ben Hyde Harvey, General Manager of the corporation, predicted in 1957 that ‘virtually no one will die in Harlow for 30 years.’21 This youthful, middle class workforce had been attracted by the concentration of high-tech industry: something all the new towns had in common, bar the handful that had been built around coal or steel.

…

Obviously my sister and I were quite young at the time, but it was the social life that was so important. As soon as you moved in people would be knocking on your door saying “how are you?” “where have you come from?”.’ Patrick’s family had arrived from Birmingham, via Staplehurst. His parents were typical of the kind of young professionals that New Ash Green was attracting. ‘He was an interior designer, she was a schoolteacher. They were the archetypal Span residents! People had come to New Ash Green to make it work, to participate in what many were describing at the time as a social experiment. It was fantastic. People were interested in people, and interested in the place as well.

Vanishing New York by Jeremiah Moss

activist lawyer, back-to-the-city movement, Bernie Sanders, big-box store, Black Lives Matter, Bonfire of the Vanities, bread and circuses, Broken windows theory, complexity theory, creative destruction, David Brooks, deindustrialization, Donald Trump, East Village, food desert, gentrification, global pandemic, housing crisis, illegal immigration, invisible hand, Jane Jacobs, junk bonds, late capitalism, Lewis Mumford, market fundamentalism, Mason jar, McMansion, means of production, megaproject, military-industrial complex, mirror neurons, Naomi Klein, neoliberal agenda, New Economic Geography, new economy, New Urbanism, Occupy movement, place-making, plutocrats, Potemkin village, RAND corporation, rent control, rent stabilization, Richard Florida, Ronald Reagan, Skype, starchitect, the built environment, The Death and Life of Great American Cities, the High Line, The Spirit Level, trickle-down economics, urban decay, urban renewal, W. E. B. Du Bois, white flight, young professional

Now surrounded by towering luxury condos and hotels, the deli is still going strong. They make their own pickles, and people who know from pickles will stand outside just to inhale the briny, garlicky, half-sour aroma. In 2009, the East Village blogger E. V. Grieve quoted from a blog written by a young professional who, after living on the Lower East Side for a year, was getting ready to move out. The woman listed the things she would miss and not miss. I will just note the following two items of Lower East Side life that she found loathsome: “The smell of pickles from Katz Deli that I am forced to inhale when walking home every day” and “The fact that there is not a close enough Starbucks.”

…

It was, wrote Robert Sullivan, “the next new neighborhood or, more precisely, a neighborhood that is now in the sights of New York City real-estate agents and developers as the next new neighborhood.” Luxury developers came clamoring—bringing the brutal frontier myth with them. In 2014, the Colony arrived. A residential development marketed toward young professionals, Colony 1209 advertised itself using Manifest Destiny as its unabashed theme. “Let’s Homestead, Bushwick-style,” read the website, calling the neighborhood “Brooklyn’s new frontier.” Colonization was once a dirty word. No more. The website continued: “Here you’ll find a group of like-minded settlers, mixing the customs of their original homeland with those of one of NYC’s most historic neighborhoods to create art, community, and a new lifestyle.”

Introverts in Love: The Quiet Way to Happily Ever After by Sophia Dembling

Albert Einstein, big-box store, Burning Man, fake it until you make it, longitudinal study, telemarketer, young professional

Even an introverted friend can be helpful, since conversation between the two of you can, if you’re not huddled together in a corner, be an implicit invitation for others to join in. Your own life, interests, and experiences provide all sorts of clues to kinds of groups that might suit you. Go with the pros: A professional organization in your field is a great way to meet kindred spirits. Brett, a 30-year-old public relations professional, met his soul mate at a young professionals organization. “We were both heavy into the community service aspect and we bonded over that,” he says. Professional organizations also have meetings or get-togethers with specific agendas or tasks. Best of all, professional organizations often have online discussion boards, where you can get to know people in the virtual world before you meet them face to face, kind of like online dating, but less stressful.

How to Be Right: In a World Gone Wrong by James O'Brien

Black Lives Matter, Boris Johnson, Brexit referendum, clockwatching, collective bargaining, death of newspapers, Donald Trump, fake news, game design, housing crisis, Jeremy Corbyn, mass immigration, Neil Armstrong, plutocrats, post-industrial society, QAnon, ride hailing / ride sharing, sexual politics, Social Justice Warrior, Steve Bannon, young professional

She is increasingly likely to be on a short-term contract, with few or none of the benefits her parents’ generation took for granted. And because the cost of renting and living in the cities where the work is concentrated is becoming prohibitively expensive, she is too fearful of losing the work she has to complain about her conditions. Arthur gets to blame immigrants; middle-class young professionals in similar situations, albeit office as opposed to van-based, are too well educated to fall for that, but instead fondly imagine that the Labour Party leader, Jeremy Corbyn, will somehow be able to deliver a brave new world. So these are the new ‘normals’: bosses get to do more or less what they want, while workers either blame their plight on immigration or ignore it altogether because the cost of simply staying afloat has become so high.

Occupying Wall Street: The Inside Story of an Action That Changed America by Writers For The 99%

Bay Area Rapid Transit, citizen journalism, collective bargaining, Day of the Dead, desegregation, feminist movement, gentrification, Glass-Steagall Act, income inequality, independent contractor, intentional community, it's over 9,000, McMansion, microaggression, Mohammed Bouazizi, Occupy movement, Port of Oakland, We are the 99%, young professional

Attendees from both conventions joined the demonstrators in full character costume, lending the protest a unique visual flair, as superheroes and zombies mingled easily with the city’s indignant, sign-wielding 99 percent. Along with students, the imaginary and the undead, the Times Square protest drew families with children, workers, the jobless and young professionals. Ilektra Mandragou, a freelance designer, came with her husband, a CUNY graduate student and adjunct professor. She held a sign that said, “I am an immigrant. I came to take your job. But you don’t have one.” As more people joined the crowd, the news crawl over their heads read, “Occupy Wall Street Movement Goes Worldwide,” a reference to the solidarity protests taking place in more than 80 countries that day.

How Will You Measure Your Life? by Christensen, Clayton M., Dillon, Karen, Allworth, James

air freight, Black Monday: stock market crash in 1987, Clayton Christensen, disruptive innovation, hiring and firing, invisible hand, Iridium satellite, job satisfaction, late fees, Mahatma Gandhi, Nick Leeson, Silicon Valley, Skype, Steve Jobs, working poor, young professional

I’ve known too many people like Steve, who have had to walk through a health struggle or a divorce or a job loss alone—with nobody to provide a sounding board or other means of support. That can be the loneliest place in the world. The Risk of Sequencing Life Investments One of the most common versions of this mistake that high-potential young professionals make is believing that investments in life can be sequenced. The logic is, for example, “I can invest in my career during the early years when our children are small and parenting isn’t as critical. When our children are a bit older and begin to be interested in things that adults are interested in, then I can lift my foot off my career accelerator.

Last Best Hope: America in Crisis and Renewal by George Packer

affirmative action, Affordable Care Act / Obamacare, Alan Greenspan, anti-bias training, anti-communist, Berlin Wall, Bernie Sanders, Big Tech, BIPOC, Black Lives Matter, blue-collar work, Branko Milanovic, British Empire, business cycle, Capital in the Twenty-First Century by Thomas Piketty, collective bargaining, coronavirus, COVID-19, crony capitalism, defund the police, deindustrialization, desegregation, disinformation, Donald Trump, failed state, fake news, Fall of the Berlin Wall, Ferguson, Missouri, fulfillment center, full employment, George Floyd, ghettoisation, gig economy, glass ceiling, informal economy, Jeff Bezos, knowledge economy, liberal capitalism, lockdown, Lyft, Mark Zuckerberg, mass immigration, meritocracy, minimum wage unemployment, new economy, Norman Mailer, obamacare, off-the-grid, postindustrial economy, prosperity theology / prosperity gospel / gospel of success, QAnon, ride hailing / ride sharing, road to serfdom, Ronald Reagan, school vouchers, self-driving car, Silicon Valley, social distancing, Social Justice Warrior, Steve Bannon, too big to fail, Triangle Shirtwaist Factory, Uber and Lyft, uber lyft, Upton Sinclair, white flight, working poor, young professional

In the summer of 2020 the protesters in the streets of New York were disproportionately white millennials with advanced degrees making more than $100,000 a year. Just America is a narrative of the young and well-educated, which is why it continually misreads or ignores the Black and Latino working classes. The fate of this generation of young professionals has been cursed by economic stagnation and technological upheaval. The jobs their parents took for granted have become much harder to get, which makes the meritocratic rat race even more crushing. Law, medicine, academia, media—the most desirable professions—have all contracted, and in some cases, such as journalism, it’s almost impossible to get in the door without the highest credentials and best connections.

The Rough Guide to Cape Town, Winelands & Garden Route by Rough Guides, James Bembridge, Barbara McCrea

affirmative action, Airbnb, blood diamond, British Empire, Cape to Cairo, carbon footprint, colonial rule, F. W. de Klerk, gentrification, ghettoisation, haute cuisine, Maui Hawaii, Murano, Venice glass, Nelson Mandela, off-the-grid, out of africa, ride hailing / ride sharing, Robert Gordon, Skype, sustainable-tourism, trade route, transfer pricing, young professional

Observatory Abutting the southeastern end of Woodstock, “Obs” is generally regarded as Cape Town’s bohemian hub, a reputation fuelled by its proximity to the University of Cape Town in Rondebosch and its large student population. Many of the houses here are student digs, but the narrow Victorian streets are also home to a fun-loving crowd of young professionals, artists and musicians. With their wrought-iron balconies, the attractively dilapidated and peeling buildings on Lower Main Road, and the streets off this atmospheric main drag, have some inviting neighbourhood cafés and bars, while the shops sell everything from wholefood and cheese to African fabrics and antiques.

…

At its Friday and Saturday shindigs and special events, the recently renovated club makes the party people feel on top of the world. Cover charge R100, drinks R50. Men must be over 23, women over 21. Fri & Sat 10pm–3am. TjingTjing 165 Longmarket St 021 422 4374, tjingtjing.co.za; map. This rooftop cocktail bar is a low-key favourite for young professionals with its indie and electronica soundtrack and tempting menu of classic and house cocktails (R58–95) – expect unusual ingredients like candyfloss-infused vodka, Jelly Babies and cinnamon. Tapas are also offered, while Torii serves Asian food downstairs, and free wine tastings take place from 5pm to 7pm on Wednesdays.

Rough Guide to San Francisco and the Bay Area by Nick Edwards, Mark Ellwood

1960s counterculture, airport security, back-to-the-land, Bay Area Rapid Transit, Blue Bottle Coffee, British Empire, Burning Man, California gold rush, carbon footprint, City Beautiful movement, Day of the Dead, El Camino Real, Electric Kool-Aid Acid Test, Fillmore Auditorium, San Francisco, gentrification, glass ceiling, Golden Gate Park, Haight Ashbury, haute cuisine, Joan Didion, Kickstarter, Loma Prieta earthquake, machine readable, Menlo Park, messenger bag, Nelson Mandela, period drama, pez dispenser, Port of Oakland, rent control, retail therapy, Ronald Reagan, Rosa Parks, San Francisco homelessness, Sand Hill Road, Silicon Valley, South of Market, San Francisco, Steve Jobs, Steve Wozniak, strikebreaker, transcontinental railway, unpaid internship, upwardly mobile, urban decay, urban planning, urban renewal, white picket fence, Works Progress Administration, young professional

Many of the hippies escaped to the countryside as part of a fledgling “Back to the Land” movement, while a splinter group of gay men – including hardcore hippie Harvey Milk – emerged, moved to the Castro, and founded the gay liberation movement. 133 Cole Valley H aight-As hb ury an d w e s t o f C i v i c C e n t e r | Hayes Valley and Alamo Square 134 Just south of the commercialized strip of Haight-Ashbury’s main drag is Cole Valley, a tiny but welcome residential refuge, sandwiched between HaightAshbury to the northeast and the Sunset to the west. It’s home to young professionals and a few families although, like Cow Hollow, the area was originally full of dairy farms. There’s little to see or do here, other than eat, and the valley’s commercial center at the junction of Cole and Carl streets is crammed with laid-back cafés and a couple of outstanding restaurants. Crepes on Cole, 100 Carl St at Cole, was once The Other Café, one of the city’s premier comedy venues, which hosted early-career gigs by the likes of Robin Williams and Dana Carvey – the original sign’s been preserved.

…

A beautiful old bar with tiles on the floor, bow ties on the bartenders, and opera on the soundtrack; the back room is VIP only, so smile sweetly if you want to wangle a spot in with the 213 Bars , c l ub s , an d l i v e m us i c | Bars Lion Pub 2062 Divisadero St at Sacramento, Pacific Heights t 415/567-6565. Homey neighborhood spot complete with fireplace and lit candles serving a mixed gay/straight crowd of hipsters and young professionals. It’s known for fresh-pressed juice cocktails and the free cheese, crackers, and olives set out each night. Note that there’s no sign, so just follow the noise on the corner. Liverpool Lil’s 2942 Lyon St at Greenwich, on the edge of the Presidio t 415/921-6664. This Brit-centric, eccentric old-fashioned pub is refreshingly rough-edged amid the Marina’s hordes of wine bars.

…

A fine wine list and weekend brunch ($10–15) keep guests coming back for seconds. Cafés and bars For a student town, the nightlife in Palo Alto is very low-key, although the Stanfordites make up for the lack of nightclubs by browsing and chatting until late in the many cafés. Blue Chalk Café 630 Ramona St, Palo Alto t 650/326-1020. Young professionals and other Siliconites have been flocking to this wildly successful bar/pool hall/restaurant ever since it opened in 1993. Caffé del Doge 419 University Ave, Palo Alto t 650/323-3600. Relaxing, colorful hangout for Palo Alto’s intellectual crowd, a branch of the Venetian original. Caffé Verona 236 Hamilton Ave, Palo Alto t 650/326-9942.

The Mesh: Why the Future of Business Is Sharing by Lisa Gansky

"World Economic Forum" Davos, Airbnb, Amazon Mechanical Turk, Amazon Web Services, banking crisis, barriers to entry, Bear Stearns, bike sharing, business logic, carbon footprint, carbon tax, Chuck Templeton: OpenTable:, clean tech, cloud computing, credit crunch, crowdsourcing, diversification, Firefox, fixed income, Google Earth, impact investing, industrial cluster, Internet of things, Joi Ito, Kickstarter, late fees, Network effects, new economy, peer-to-peer lending, planned obsolescence, recommendation engine, RFID, Richard Florida, Richard Thaler, ride hailing / ride sharing, sharing economy, Silicon Valley, smart grid, social web, software as a service, TaskRabbit, the built environment, the long tail, vertical integration, walkable city, yield management, young professional, Zipcar

When you’re confident that your offer is finely honed for your market, these early adopters will also help you grow through their social networks. This is all classic stuff, but especially true for a Mesh business. leap out from a base. As you start to dig in, whether you’re focused on single moms, aging parents, young professionals, or musicians, the vitality of the relationship is one of the single biggest assets you’re going to have in your business. Make the conversation palpable and interactive in order to build trust. Provoke your market. No one will notice you otherwise. You may annoy, but at least you’ll get a reaction.

The Gig Economy: A Critical Introduction by Jamie Woodcock, Mark Graham

Airbnb, algorithmic management, Amazon Mechanical Turk, autonomous vehicles, barriers to entry, British Empire, business process, business process outsourcing, Californian Ideology, call centre, collective bargaining, commoditize, corporate social responsibility, crowdsourcing, data science, David Graeber, deindustrialization, Didi Chuxing, digital divide, disintermediation, emotional labour, en.wikipedia.org, full employment, future of work, gamification, gender pay gap, gig economy, global value chain, Greyball, independent contractor, informal economy, information asymmetry, inventory management, Jaron Lanier, Jeff Bezos, job automation, knowledge economy, low interest rates, Lyft, mass immigration, means of production, Network effects, new economy, Panopticon Jeremy Bentham, planetary scale, precariat, rent-seeking, RFID, ride hailing / ride sharing, Ronald Reagan, scientific management, self-driving car, sentiment analysis, sharing economy, Silicon Valley, Silicon Valley ideology, TaskRabbit, The Future of Employment, transaction costs, Travis Kalanick, two-sided market, Uber and Lyft, Uber for X, uber lyft, union organizing, women in the workforce, working poor, young professional

In the afternoon he worked at the third job, before starting the evening shift at Deliveroo. The most challenging aspect of the work was making sure he ate enough food once he got home to ensure he had the energy to get up and repeat the process the next day. Deliveroo is marketed as a service for delivering food to stylish young professionals, but the reality is that many of his deliveries were to people too exhausted from working to make their own dinner. This is especially ironic given how Deliveroo brands itself. His story is therefore a damning indictment of the realities of gig work in London: a worker struggling to eat enough calories to deliver food to people who are too tired from work to make their own.

The Most Good You Can Do: How Effective Altruism Is Changing Ideas About Living Ethically by Peter Singer

Albert Einstein, clean water, cognitive load, corporate social responsibility, correlation does not imply causation, David Brooks, effective altruism, en.wikipedia.org, Flynn Effect, hedonic treadmill, Large Hadron Collider, Nick Bostrom, Peter Singer: altruism, purchasing power parity, randomized controlled trial, stem cell, Steven Pinker, TED Talk, trolley problem, William MacAskill, young professional

He admits he can’t really justify this, so he considers it a kind of “luxury spending.” The Psychology of Earning to Give In 2013 an article in the Washington Post featured Jason Trigg, an MIT computer science graduate working in finance and giving half of his salary to the Against Malaria Foundation. Trigg was described as part of “an emerging class of young professionals in America and Britain” for whom “making gobs of money is the surest way to save the world.”6 In the New York Times the columnist David Brooks wrote that Trigg seemed to be “an earnest, morally serious young man” who might well save many lives. Nevertheless, Brooks urged caution. He warned, first, that our daily activities change us, and by working in a hedge fund your ideals could slip so that you become less committed to giving.

The Purpose Economy: How Your Desire for Impact, Personal Growth and Community Is Changing the World by Aaron Hurst

Abraham Maslow, Airbnb, Alvin Toffler, Atul Gawande, barriers to entry, benefit corporation, big-box store, bike sharing, Bill Atkinson, business process, call centre, carbon footprint, citizen journalism, commoditize, corporate social responsibility, crowdsourcing, disintermediation, do well by doing good, Elon Musk, Firefox, General Magic , glass ceiling, greed is good, housing crisis, independent contractor, informal economy, Jane Jacobs, jimmy wales, Khan Academy, Kickstarter, Lean Startup, longitudinal study, Max Levchin, means of production, Mitch Kapor, new economy, pattern recognition, Peter Singer: altruism, Peter Thiel, QR code, Ray Oldenburg, remote working, Ronald Reagan, selection bias, sharing economy, Silicon Valley, Silicon Valley startup, Steve Jobs, TaskRabbit, TED Talk, Tony Hsieh, too big to fail, underbanked, women in the workforce, work culture , young professional, Zipcar

They also tend to have a financial and social cushion that can absorb the potential losses associated with trying something that doesn’t work. Elon Musk is one of these innovators, and he understood what it would take to get that group behind the wheel of an electric car. He would need to design a car that could be compelling enough to act as a status symbol for young professionals in the insular community of Silicon Valley. He knew his audience would be highly technologically literate and very social in both how they bought the car and how they talked about it. He needed a luxury car that would be the “it” car in Silicon Valley. But perhaps as importantly, he would need to find a solution for the incredibly expensive battery technology needed for the car to work.

Circus Maximus: The Economic Gamble Behind Hosting the Olympics and the World Cup by Andrew Zimbalist

airline deregulation, business cycle, carbon footprint, East Village, en.wikipedia.org, full employment, gentrification, Gini coefficient, income inequality, longitudinal study, megaproject, Nelson Mandela, New Urbanism, price elasticity of demand, principal–agent problem, race to the bottom, selection bias, Suez crisis 1956, urban planning, young professional

By the late 1990s, Canary Wharf, part of the docklands project, had begun to attract financial firms, and subsequently expanded to include other businesses and upscale housing. One study on the docklands project commented that “criticism has focused upon the removal of local democratic controls and the replacement of the existing population by a new, more prosperous group of young professionals…. Tower Hamlets, the borough in which Canary Wharf is located, experienced a significant change in population…. In 1981 the authority had 85 percent council (public) housing and 15 percent private housing and by 2008 nearly 60 percent was private housing.”64 The new Stratford rapid train station and nearby housing are part of a project of the London and Continental Railways that was initiated in 1997.65 Hence, by 2003, when the government decided to pursue its Olympic bid, an extensive transportation plan and related development plan were already in place.

The End of Cheap China: Economic and Cultural Trends That Will Disrupt the World by Shaun Rein

business climate, credit crunch, Deng Xiaoping, Donald Trump, facts on the ground, glass ceiling, high net worth, high-speed rail, illegal immigration, income per capita, indoor plumbing, job-hopping, Maui Hawaii, middle-income trap, price stability, quantitative easing, Silicon Valley, Skype, South China Sea, Steve Jobs, thinkpad, trade route, trickle-down economics, upwardly mobile, urban planning, women in the workforce, young professional, zero-sum game

He repeated a common joke, “We have great hardware but bad software,” referring to human capital at his company. He told us he was planning to spend more on employee training, because the major problem keeping his company from achieving higher profits was the lack of qualified executives. Young professionals are even willing to pay out of their own pockets to compensate for perceived skill-set deficiencies and to become more competitive for higher bonuses and salaries. Out of several hundred 24- to 28-year-olds in Shanghai, Guangzhou, and Beijing, 70 percent told my firm in 2008 that they would be willing to spend 10 percent or more of their disposable income on extra training and education.

50 Future Ideas You Really Need to Know by Richard Watson

23andMe, 3D printing, access to a mobile phone, Albert Einstein, Alvin Toffler, artificial general intelligence, augmented reality, autonomous vehicles, BRICs, Buckminster Fuller, call centre, carbon credits, Charles Babbage, clean water, cloud computing, collaborative consumption, computer age, computer vision, crowdsourcing, dark matter, dematerialisation, Dennis Tito, digital Maoism, digital map, digital nomad, driverless car, Elon Musk, energy security, Eyjafjallajökull, failed state, Ford Model T, future of work, Future Shock, gamification, Geoffrey West, Santa Fe Institute, germ theory of disease, global pandemic, happiness index / gross national happiness, Higgs boson, high-speed rail, hive mind, hydrogen economy, Internet of things, Jaron Lanier, life extension, Mark Shuttleworth, Marshall McLuhan, megacity, natural language processing, Neil Armstrong, Network effects, new economy, ocean acidification, oil shale / tar sands, pattern recognition, peak oil, personalized medicine, phenotype, precision agriculture, private spaceflight, profit maximization, RAND corporation, Ray Kurzweil, RFID, Richard Florida, Search for Extraterrestrial Intelligence, self-driving car, semantic web, Skype, smart cities, smart meter, smart transportation, space junk, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steven Pinker, Stewart Brand, strong AI, Stuxnet, supervolcano, synthetic biology, tech billionaire, telepresence, The Wisdom of Crowds, Thomas Malthus, Turing test, urban decay, Vernor Vinge, Virgin Galactic, Watson beat the top human players on Jeopardy!, web application, women in the workforce, working-age population, young professional

Indeed, the traditional family unit is becoming less traditional. However, the key trend isn’t families at all, but people living by themselves. Around 34 percent of people in the UK live alone. In the future, more people will be living alone or with platonic roommates outside traditional married relationships. While many house-sharers are likely to be young professionals, others may be elderly friends, sharing for safety, companionship and cost. Those who do live with their families could be part of a multigenerational cohabitation trend. Think of grandparents moving in to help with childcare or older kids not leaving home, to save money. “Loneliness is the ultimate poverty.”

Wild Ride: Inside Uber's Quest for World Domination by Adam Lashinsky

"Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, always be closing, Amazon Web Services, asset light, autonomous vehicles, Ayatollah Khomeini, Benchmark Capital, business process, Chuck Templeton: OpenTable:, cognitive dissonance, corporate governance, DARPA: Urban Challenge, Didi Chuxing, Donald Trump, driverless car, Elon Musk, Erlich Bachman, gig economy, Golden Gate Park, Google X / Alphabet X, hustle culture, independent contractor, information retrieval, Jeff Bezos, John Zimmer (Lyft cofounder), Lyft, Marc Andreessen, Mark Zuckerberg, megacity, Menlo Park, multilevel marketing, new economy, pattern recognition, price mechanism, public intellectual, reality distortion field, ride hailing / ride sharing, Salesforce, San Francisco homelessness, Sand Hill Road, self-driving car, side hustle, Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, Skype, Snapchat, South of Market, San Francisco, sovereign wealth fund, statistical model, Steve Jobs, super pumped, TaskRabbit, tech worker, Tony Hsieh, transportation-network company, Travis Kalanick, turn-by-turn navigation, Uber and Lyft, Uber for X, uber lyft, ubercab, young professional

What was getting Campbell excited was what he calls his “side hustle,” a trendy expression associated with the so-called gig economy that once would have been called moonlighting. He was intrigued by personal finance, suddenly having some considerable disposable income, and so in 2012 he started a blog targeted at people like himself. It’s called Your Personal Finance Pro, with the tagline “Financial Advice for Young Professionals.” The blog was a small-scale success and generated good income for Campbell, nearly a couple thousand dollars a month for not very much effort. Campbell realized he immensely enjoyed the direct payoff blogging delivered, especially compared with his staid salaried job. “It was like, oh, man, I did that, I created that,” he says.

No One Succeeds Alone by Robert Reffkin

Albert Einstein, coronavirus, COVID-19, financial independence, George Floyd, global pandemic, hiring and firing, Isaac Newton, Jeff Bezos, Marc Benioff, market design, pattern recognition, Salesforce, Steve Jobs, young professional

He gave me advice every time I asked, invited me and my mom to Thanksgivings with his family, introduced me to several pivotal people at key moments in my life, and told me to apply for the White House Fellowship. I can still remember his smile when he told me to apply. “Robert, I believe all young professionals in the private sector should get exposure to the public sector even if for just one year because the skills you develop and the relationships you will attain will be transferable to whichever sector you choose.” He then went on to say, “My good friend Colin Powell was a White House Fellow. Jeannie, can you get Colin Powell on the phone.”

Hit Refresh: The Quest to Rediscover Microsoft's Soul and Imagine a Better Future for Everyone by Satya Nadella, Greg Shaw, Jill Tracie Nichols

3D printing, AlphaGo, Amazon Web Services, anti-globalists, artificial general intelligence, augmented reality, autonomous vehicles, basic income, Bretton Woods, business process, cashless society, charter city, cloud computing, complexity theory, computer age, computer vision, corporate social responsibility, crowdsourcing, data science, DeepMind, Deng Xiaoping, Donald Trump, Douglas Engelbart, driverless car, Edward Snowden, Elon Musk, en.wikipedia.org, equal pay for equal work, everywhere but in the productivity statistics, fault tolerance, fulfillment center, Gini coefficient, global supply chain, Google Glasses, Grace Hopper, growth hacking, hype cycle, industrial robot, Internet of things, Jeff Bezos, job automation, John Markoff, John von Neumann, knowledge worker, late capitalism, Mars Rover, Minecraft, Mother of all demos, Neal Stephenson, NP-complete, Oculus Rift, pattern recognition, place-making, Richard Feynman, Robert Gordon, Robert Solow, Ronald Reagan, Salesforce, Second Machine Age, self-driving car, side project, Silicon Valley, Skype, Snapchat, Snow Crash, special economic zone, speech recognition, Stephen Hawking, Steve Ballmer, Steve Jobs, subscription business, TED Talk, telepresence, telerobotics, The Rise and Fall of American Growth, The Soul of a New Machine, Tim Cook: Apple, trade liberalization, two-sided market, universal basic income, Wall-E, Watson beat the top human players on Jeopardy!, young professional, zero-sum game

It was early 1960s, and Jawaharlal Nehru was India’s first prime minister following Gandhi’s historic movement, which had achieved independence from Great Britain. For that generation entering the civil service and being part of the birth of a new nation was a true dream come true. The IAS was essentially a remnant of the old Raj system left by the British to govern after the UK turned over control of the country in 1947. Only about a hundred young professionals per year were selected for the IAS, and so at a very young age my father was administering a district with millions of people. Throughout my childhood, he was posted in many districts across the state of Andhra Pradesh in India. I remember moving from place to place, growing up in the sixties and early seventies in old colonial buildings in the middle of nowhere with lots of time and space, and in a country being transformed.

Making Ideas Happen: Overcoming the Obstacles Between Vision and Reality by Scott Belsky

centralized clearinghouse, index card, lone genius, market bubble, Merlin Mann, New Journalism, Results Only Work Environment, rolodex, side project, Silicon Valley, Steve Jobs, Steve Wozniak, supply-chain management, the long tail, Tim Cook: Apple, Tony Hsieh, young professional

What started years ago as a small experiment for alums to stay in touch has become a little-known global network of hundreds of emerging leaders who meet in small groups—and all together annually—for the sole purpose of sharing ideas, exchanging candid feedback, and fostering a sense of accountability. While most young professionals struggle to depart the security of a traditional career, the membership of this particular network of Cornell University graduates has a strong track record of defying the status quo to launch start-up businesses, found nonprofits, and run for political office much earlier than most. “This network has helped provide me more guts and more guidance,” remarks one member.

The Complete Guide to Property Investment: How to Survive & Thrive in the New World of Buy-To-Let by Rob Dix

buy and hold, diversification, diversified portfolio, driverless car, Firefox, low interest rates, Mr. Money Mustache, risk tolerance, TaskRabbit, transaction costs, young professional

Well, it’s evolved over time – and I’ve certainly had my fair share of getting sidetracked. When I started out, all I cared about was buying as much rental income as I could, as cheaply as possible. That approach led me to good-quality ex-council flats in London, which nobody else wanted to buy – especially after the mid-2000s crash – yet rented spectacularly well to young professionals. Over time I came to think more in terms of total asset growth: parking my savings in quality properties that make me money each month but also have good growth potential. Additionally, I began adding to those savings by flipping the odd property where possible. (I can’t shake my old yield-monkey tendencies completely though, and occasionally I’ll buy properties with limited growth potential if I can get a great return while leaving little cash in the deal.)

Different: Escaping the Competitive Herd by Youngme Moon

AltaVista, Atul Gawande, business cycle, commoditize, creative destruction, hedonic treadmill, Richard Feynman, Saturday Night Live, selection bias, The Wisdom of Crowds, Thorstein Veblen, young professional

Promotional materials referred to the AIBO as an autonomous pet with an individualistic personality—literal y, a “mind of its own”—while the advertising copy was infused with a strong tongue-in-cheek inflection. As for the primary target market for the device, it consisted of senior citizens, parents with smal children, and busy young professionals—people who wanted the “fun of a living creature, without the messy inconvenience.” The approach was particularly quirky when you considered the guts of the machine. The AIBO was no cheap plaything—it was priced at a whopping $2,500 (a price that didn’t even cover the company’s cost of production) and it included some pretty hard-core technology: the latest artificial intel igence, a 64-bit RISC processor, a 180,000-pixel color CCD camera with infrared sensors.

I Am Not Myself These Days: A Memoir by Josh Kilmer-Purcell

Day of the Dead, East Village, index card, young professional

He decided that a party would be a good way for me to meet all his friends and him to meet mine all at once. It’s an interesting guest list. Most of Jack’s friends are other escorts, but he still has several friends from his college school days at Columbia. He quit Columbia halfway through, and many of his friends are grad students or young professionals. I invited several people from the advertising agency as well as assorted drag queens and club kids. Two of Jack’s best friends are Ryan and Grey. They’ve been boyfriends for five years, and Jack has known Grey since they were in Cub Scouts together in California. When Grey first moved to New York, Jack set him up in the escort business, helping him to craft his first ad in the back of HX Magazine, and introducing him to the few escort agencies in New York that deal in male hookers.

The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value by John Sviokla, Mitch Cohen

Bear Stearns, Blue Ocean Strategy, business cycle, Cass Sunstein, Colonization of Mars, corporate raider, Daniel Kahneman / Amos Tversky, driverless car, eat what you kill, Elon Musk, Frederick Winslow Taylor, game design, global supply chain, James Dyson, Jeff Bezos, John Harrison: Longitude, Jony Ive, loss aversion, Mark Zuckerberg, market design, megaproject, old-boy network, paper trading, RAND corporation, randomized controlled trial, Richard Thaler, risk tolerance, scientific management, self-driving car, Sheryl Sandberg, Silicon Valley, smart meter, Steve Ballmer, Steve Jobs, Steve Wozniak, tech billionaire, Tony Hsieh, Toyota Production System, Virgin Galactic, young professional

They located and organized a vast amount of unwieldy, hard-to-find information and managed research teams. Their work provided the foundation for our narrative. Kate and Abby also deftly navigated relationships with other partners across the firm and helped us gain access to a number of the billionaires we interviewed. They epitomize what we look for in young professionals at PwC. Tim Ogden and Laura Starita, respectively the executive partner and managing partner of the communications firm Sona Partners, are themselves a great founding duo. Their mission is to explore “ideas that matter,” and they live up to it. We always knew that we were dealing with not simply fellow writers but thinking partners who had the courage and patience to delve into the ideas, roll them around in the baths of data, compare them with other relevant research, and take the time to get both the thinking and the argument right.

The Payoff by Jeff Connaughton

Alan Greenspan, algorithmic trading, bank run, banking crisis, Bear Stearns, Bernie Madoff, collapse of Lehman Brothers, collateralized debt obligation, corporate governance, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, cuban missile crisis, desegregation, Flash crash, Glass-Steagall Act, locking in a profit, London Interbank Offered Rate, London Whale, Long Term Capital Management, naked short selling, Neil Kinnock, plutocrats, Ponzi scheme, proprietary trading, risk tolerance, Robert Bork, Savings and loan crisis, short selling, Silicon Valley, TED Talk, too big to fail, two-sided market, uptick rule, young professional

In Savannah, taste is refined, and I still haven’t seen a house that doesn’t look stylishly furnished and comfortably decorated in soothing colors. The crowd was mainly older people, in their sixties and seventies, but with a tiny smattering of younger people. Everyone was very nice, yet I felt like I’d parachuted into Savannah at an awkward in-between age. I missed the bright young Kaufman staff and DC’s young professional scene. I spoke to the host briefly, a man in his sixties, and his wife, who was an interior designer. We made an appointment for the following week to talk about decorating my house. A week later, I had to postpone our appointment. Before I could reschedule, I ran into one of my neighbors.

The Office of Historical Corrections: A Novella and Stories by Danielle Evans

desegregation, gentrification, indoor plumbing, traveling salesman, young professional

When I began at IPH, I tried out different styles on the general public: formal versus informal, eclectic versus reserved, cleavage versus covered. That day’s experiment, an elegant blue dress with a moderately interesting neckline and a jaunty scarf, hair pressed flat and then curled again for body, had me looking more than usual the young professional. It fell into the people were happier to speak with me, but more likely to argue with me about whether I knew what I was talking about quadrant of my wardrobe chart, and it made me feel out of place at Elena’s neighborhood bar, which pulled its crowd from artists and grad students and NGO workers, people who wouldn’t recognize me as one of their own in my current ensemble.

ECOVILLAGE: 1001 ways to heal the planet by Ecovillage 1001 Ways to Heal the Planet-Triarchy Press Ltd (2015)

Berlin Wall, carbon footprint, Community Supported Agriculture, do what you love, Fall of the Berlin Wall, Food sovereignty, intentional community, land tenure, low interest rates, Nelson Mandela, new economy, New Urbanism, Occupy movement, off grid, off-the-grid, Ronald Reagan, systems thinking, young professional

She was the editor of the magazine The female voice - politics of the heart. She was press officer of the house of democracy in Berlin, the ZEGG in Belzig and Tamera in Portugal, where she mainly lives today. Since 2012, she has been the editor of the GEN-International Newsletters. She teaches constructive journalism for young professionals and students, as well as for journalists working in crisis regions. She is the author of several books.

Cashing Out: Win the Wealth Game by Walking Away by Julien Saunders, Kiersten Saunders

barriers to entry, basic income, Big Tech, Black Monday: stock market crash in 1987, blockchain, COVID-19, cryptocurrency, death from overwork, digital divide, diversification, do what you love, Donald Trump, estate planning, financial independence, follow your passion, future of work, gig economy, glass ceiling, global pandemic, index fund, job automation, job-hopping, karōshi / gwarosa / guolaosi, lifestyle creep, Lyft, microaggression, multilevel marketing, non-fungible token, off-the-grid, passive income, passive investing, performance metric, ride hailing / ride sharing, risk tolerance, Salesforce, side hustle, TaskRabbit, TED Talk, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, Vanguard fund, work culture , young professional

A dollar earned doing something you enjoy is always better than a dollar earned doing something you don’t. And if all else fails, just remember the phrase you’ve probably heard all your life, “all money ain’t good money.” CHAPTER 7 Put Your Money to Work One of the most important decisions you’ll ever make as a young professional is how to invest your income. Because our respective stories on investing for the first time are so different, we’ve decided to tell them separately in our own distinctive voices. Financial Versus Fiduciary Adviser: Julien’s Story There are only a handful of moments in my life where I’ve come across new information and was so moved by it that I wanted to share it with the world.

A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Carbon Emissions by Muhammad Yunus

"Friedman doctrine" OR "shareholder theory", active measures, Bernie Sanders, biodiversity loss, Capital in the Twenty-First Century by Thomas Piketty, clean water, conceptual framework, crony capitalism, data science, distributed generation, Donald Trump, financial engineering, financial independence, fixed income, full employment, high net worth, income inequality, Indoor air pollution, Internet of things, invisible hand, Jeff Bezos, job automation, Lean Startup, Marc Benioff, Mark Zuckerberg, megacity, microcredit, new economy, Occupy movement, profit maximization, Silicon Valley, the market place, The Wealth of Nations by Adam Smith, too big to fail, Tragedy of the Commons, unbanked and underbanked, underbanked, urban sprawl, young professional

Its central purpose is to provide eager, ambitious young social business entrepreneurs with the guidance, advice, and support they need to turn their dreams into practical realities. Today, Y&Y has offices in the United States, Brazil, and Morocco. The organization is led by a global team of young professionals from eight countries and from many different walks of life—graduate students and consultants, journalists and graphic designers, including people who have worked for Google, McKinsey & Company, and Grameen Bank, along with Rhodes and Fulbright scholars, engineers, and poets. Their chief mission is to identify, recruit, and incubate some of the next generation of social business leaders.

Automating Inequality by Virginia Eubanks

autonomous vehicles, basic income, Black Lives Matter, business process, call centre, cognitive dissonance, collective bargaining, correlation does not imply causation, data science, deindustrialization, digital divide, disruptive innovation, Donald Trump, driverless car, Elon Musk, ending welfare as we know it, experimental subject, fake news, gentrification, housing crisis, Housing First, IBM and the Holocaust, income inequality, job automation, mandatory minimum, Mark Zuckerberg, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, New Urbanism, payday loans, performance metric, Ronald Reagan, San Francisco homelessness, self-driving car, sparse data, statistical model, strikebreaker, underbanked, universal basic income, urban renewal, W. E. B. Du Bois, War on Poverty, warehouse automation, working poor, Works Progress Administration, young professional, zero-sum game

The neighborhood continued to be a “set-aside community” for the poor, working class, and unhoused. For four decades, its residents have worked hard to create community in the face of the city’s strategy of malign neglect. But in the past decade, the neighborhood has undergone rapid transformation. Young professionals rejecting the suburbs and Los Angeles traffic sought out raw urban apartments and the services that cater to the wealthy followed: artisanal food shops, bespoke juiceries, craft coffee bars. Nightclubs capitalized on the neighborhood’s colorful past but roped off their entrances and upscaled their drink prices.

The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier

Albert Einstein, Atul Gawande, Bear Stearns, Benoit Mandelbrot, big-box store, Black Swan, book value, Checklist Manifesto, classic study, Clayton Christensen, Daniel Kahneman / Amos Tversky, Exxon Valdez, Gordon Gekko, housing crisis, information asymmetry, Isaac Newton, Kenneth Arrow, Long Term Capital Management, Mahatma Gandhi, mandelbrot fractal, mirror neurons, Nelson Mandela, NetJets, pattern recognition, pre–internet, random walk, Reminiscences of a Stock Operator, risk free rate, Ronald Reagan, South Sea Bubble, Steve Jobs, Stuart Kauffman, TED Talk, two and twenty, winner-take-all economy, young professional, zero-sum game

But I can tell you authoritatively that, on a subjective level, this has worked for me. The minute I started mirroring Buffett, my life changed. It was as if I had tuned in to a different frequency. My behavior shifted, and I was no longer stuck. So how can you apply these insights? We all know that mentoring is a big deal. Students and young professionals are often told to seek out mentors, just as those of us who are further along are supposed to find people to mentor. That’s all well and good if your heroes are accessible. Mine wasn’t. Buffett wasn’t sitting in his office in Omaha waiting for a call from this tainted graduate of D. H. Blair.

The Economic Singularity: Artificial Intelligence and the Death of Capitalism by Calum Chace

"World Economic Forum" Davos, 3D printing, additive manufacturing, agricultural Revolution, AI winter, Airbnb, AlphaGo, Alvin Toffler, Amazon Robotics, Andy Rubin, artificial general intelligence, augmented reality, autonomous vehicles, banking crisis, basic income, Baxter: Rethink Robotics, Berlin Wall, Bernie Sanders, bitcoin, blockchain, Boston Dynamics, bread and circuses, call centre, Chris Urmson, congestion charging, credit crunch, David Ricardo: comparative advantage, deep learning, DeepMind, Demis Hassabis, digital divide, Douglas Engelbart, Dr. Strangelove, driverless car, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Fairchild Semiconductor, Flynn Effect, full employment, future of work, Future Shock, gender pay gap, Geoffrey Hinton, gig economy, Google Glasses, Google X / Alphabet X, Hans Moravec, Herman Kahn, hype cycle, ImageNet competition, income inequality, industrial robot, Internet of things, invention of the telephone, invisible hand, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, John von Neumann, Kevin Kelly, Kiva Systems, knowledge worker, lifelogging, lump of labour, Lyft, machine translation, Marc Andreessen, Mark Zuckerberg, Martin Wolf, McJob, means of production, Milgram experiment, Narrative Science, natural language processing, Neil Armstrong, new economy, Nick Bostrom, Occupy movement, Oculus Rift, OpenAI, PageRank, pattern recognition, post scarcity, post-industrial society, post-work, precariat, prediction markets, QWERTY keyboard, railway mania, RAND corporation, Ray Kurzweil, RFID, Rodney Brooks, Sam Altman, Satoshi Nakamoto, Second Machine Age, self-driving car, sharing economy, Silicon Valley, Skype, SoftBank, software is eating the world, speech recognition, Stephen Hawking, Steve Jobs, TaskRabbit, technological singularity, TED Talk, The future is already here, The Future of Employment, Thomas Malthus, transaction costs, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, Uber for X, uber lyft, universal basic income, Vernor Vinge, warehouse automation, warehouse robotics, working-age population, Y Combinator, young professional

Wealth inequality is far more extreme in today’s world than income inequality, both globally and within individual nations. It is also less significant. The charity Oxfam created a stir in January 2016 by claiming that the richest 62 people own as much as the poorest 50% of the world.[cccxxiii] The figure may or may not be correct, but it tells us less than it appears to. A young professional in New York living a life of luxury and excess may have no net assets, but it would be perverse to describe her as poor. Furthermore, if the richest billionaires gave their wealth to the poorest half of the world, it would amount to a one-off payment of few hundred dollars each.[cccxxiv] Nevertheless, if you are one of the lucky minority with substantial net assets, you might be wondering how you will be affected if and when technological unemployment takes hold.

The Bend of the World: A Novel by Jacob Bacharach

Burning Man, disinformation, haute couture, helicopter parent, Isaac Newton, medical residency, messenger bag, phenotype, quantitative easing, too big to fail, trade route, young professional

No fucking kidding, I said. Shut it down, said Johnny. You hot dogs, said Targivad, have not kept an eye out. That’s probably true, I said. The Time Being commands me to say unto you that, verily, thou art a pair of major fuckups. Hey, I said. Tell that to this guy. I pointed a thumb at Johnny. I’m a fucking young professional. Oh, fine, said Johnny. Throw me under the bus. Get it together, said Targivad. Yeah, whatever, I said. The promise of your youth is wasted on your adult lives, Targivad replied. You cling to youth but not its promise; you are seeds that have sprouted into vines that bear no fruit. Johnny bears fruit, I said.

Sleeping Giant: How the New Working Class Will Transform America by Tamara Draut

affirmative action, Affordable Care Act / Obamacare, always be closing, American ideology, antiwork, battle of ideas, big-box store, Black Lives Matter, blue-collar work, collective bargaining, creative destruction, David Brooks, declining real wages, deindustrialization, desegregation, Detroit bankruptcy, Donald Trump, Edward Glaeser, ending welfare as we know it, Ferguson, Missouri, financial deregulation, full employment, gentrification, immigration reform, income inequality, independent contractor, invisible hand, job satisfaction, knowledge economy, knowledge worker, low skilled workers, machine readable, mass incarceration, minimum wage unemployment, mortgage tax deduction, new economy, obamacare, occupational segregation, payday loans, pink-collar, plutocrats, Powell Memorandum, profit motive, public intellectual, race to the bottom, Ralph Nader, rent-seeking, rising living standards, Ronald Reagan, shared worldview, stock buybacks, TED Talk, The Bell Curve by Richard Herrnstein and Charles Murray, The Wealth of Nations by Adam Smith, trickle-down economics, union organizing, upwardly mobile, War on Poverty, white flight, women in the workforce, young professional

When I wrote my first book, Strapped, which focused on what was happening to young people trying to get ahead in an era of inequality and finance-driven capitalism, I purposefully told the stories of young people who hadn’t finished college. But the media interviews for my book almost exclusively focused on the problems confronting young professionals. There are real issues there, but when you compare those issues—doubling or tripling up in an apartment in a hip neighborhood to afford rent, say—to those of a thirty-something working as a cashier with unstable hours, struggling to find and pay for child care, it’s the mom in a crumbling neighborhood who needs much more of our political attention and public concern.

Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg

affirmative action, business process, Cass Sunstein, constrained optimization, experimental economics, fear of failure, gender pay gap, glass ceiling, job satisfaction, labor-force participation, longitudinal study, Mark Zuckerberg, meta-analysis, old-boy network, Richard Thaler, risk tolerance, Sheryl Sandberg, Silicon Valley, social graph, Susan Wojcicki, women in the workforce, work culture , young professional

For more on these surveys, see Claudia Goldin and Lawrence F. Katz, “Transitions: Career and Family Life Cycles of the Educational Elite,” American Economic Review: Papers & Proceedings 98, no. 2 (2008): 363–69; Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” American Economic Journal: Applied Economics 2, no. 3 (2010): 228–55; and Catalyst, Center for the Education of Women at the University of Michigan, University of Michigan Business School, Women and the MBA: Gateway to Opportunity (2000). 2. Judith Rodin, in discussion with the author, May 19, 2011. 3.

Dead Companies Walking by Scott Fearon

Alan Greenspan, bank run, Bear Stearns, Bernie Madoff, Black Monday: stock market crash in 1987, book value, business cycle, Carl Icahn, corporate raider, cost per available seat-mile, creative destruction, crony capitalism, Donald Trump, Eugene Fama: efficient market hypothesis, fear of failure, Golden Gate Park, hiring and firing, housing crisis, index fund, it's over 9,000, Jeff Bezos, John Bogle, Joseph Schumpeter, Larry Ellison, late fees, legacy carrier, McMansion, moral hazard, multilevel marketing, new economy, pets.com, Ponzi scheme, Ronald Reagan, short selling, short squeeze, Silicon Valley, Snapchat, South of Market, San Francisco, Steve Jobs, survivorship bias, Upton Sinclair, Vanguard fund, young professional

Like PlanetRx, Webvan, and just about every other dotcom company at the time, the only thing Women.com excelled at was spending its investors’ cash. Of course, that didn’t stop its stock price from shooting up way higher than it had any right to. Women.com’s CEO was a petite, fast-talking young professional named Marleen. She showed me a slide deck on her laptop of the company’s various web portals. They had sites that dealt with pregnancy, parenting, fashion, cooking, careers, and dozens of other topics—pretty much anything and everything a web-surfing female might be interested in. “We’re one of only two companies in the country targeting this demographic,” Marleen explained with a winning smile.

Scarred: The True Story of How I Escaped NXIVM, the Cult That Bound My Life by Sarah Edmondson

Albert Einstein, dark matter, financial independence, Keith Raniere, Mason jar, Skype, Steve Jobs, unpaid internship, upwardly mobile, young professional

Allison was on hiatus from filming and although she’d just met Lauren, she decided to fly out to Albany with her the following morning. They left together and I tore down the intensive feeling forgotten . . . left out. I thought back to the first time I met Lauren, and then to how she had acted with Allison the night before. I was the one building this center and attracting these cool young professionals. It really hurt that Lauren could so easily jump to a new best friend. In part, the increasingly strategic interpersonal relationships in the community pushed me to prove myself in spite of an unrealistic business model. If you wanted to open a center, you needed one hundred paying students.

Tech Titans of China: How China's Tech Sector Is Challenging the World by Innovating Faster, Working Harder, and Going Global by Rebecca Fannin

"World Economic Forum" Davos, Adam Neumann (WeWork), Airbnb, augmented reality, autonomous vehicles, Benchmark Capital, Big Tech, bike sharing, blockchain, call centre, cashless society, Chuck Templeton: OpenTable:, clean tech, cloud computing, computer vision, connected car, corporate governance, cryptocurrency, data is the new oil, data science, deep learning, Deng Xiaoping, Didi Chuxing, digital map, disruptive innovation, Donald Trump, El Camino Real, electricity market, Elon Musk, fake news, family office, fear of failure, fulfillment center, glass ceiling, global supply chain, Great Leap Forward, income inequality, industrial robot, information security, Internet of things, invention of movable type, Jeff Bezos, Kickstarter, knowledge worker, Lyft, Mark Zuckerberg, Mary Meeker, megacity, Menlo Park, money market fund, Network effects, new economy, peer-to-peer lending, personalized medicine, Peter Thiel, QR code, RFID, ride hailing / ride sharing, Sand Hill Road, self-driving car, sharing economy, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart transportation, Snapchat, social graph, SoftBank, software as a service, South China Sea, sovereign wealth fund, speech recognition, stealth mode startup, Steve Jobs, stock buybacks, supply-chain management, tech billionaire, TechCrunch disrupt, TikTok, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, urban planning, Vision Fund, warehouse automation, WeWork, winner-take-all economy, Y Combinator, young professional

“And there were so many people who doubted whether in a tea-drinking society we could break through. Not only have we broken through, but China is going to be the largest market in the world for Starbucks.”2 Forget Instant Coffee While tea remains the traditional drink of China, a coffee culture has caught on in urban areas and among young professionals who enjoy hanging out at coffee shops and appreciate the finer things in life. Starbucks’ green logo is easily spotted throughout many Chinese cities. The US specialty coffee shop dominates the China market with more than a 50 percent share but faces increasing competition from other international brands, Canada’s Tim Hortons and the UK’s Costa Coffee, new distribution outlets at supermarkets and hypermarkets, and, most of all, the rise of Chinese upstart Luckin Coffee.

Pivot: The Only Move That Matters Is Your Next One by Jenny Blake

Airbnb, Albert Einstein, Cal Newport, cloud computing, content marketing, data is the new oil, diversified portfolio, do what you love, East Village, en.wikipedia.org, Erik Brynjolfsson, fear of failure, future of work, high net worth, Jeff Bezos, job-hopping, Kevin Kelly, Khan Academy, knowledge worker, Lao Tzu, Lean Startup, minimum viable product, Nate Silver, passive income, Ralph Waldo Emerson, risk tolerance, Second Machine Age, sharing economy, side hustle, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, software as a service, solopreneur, Startup school, stem cell, TED Talk, too big to fail, Tyler Cowen, white picket fence, young professional, zero-sum game

You will pay it forward someday by helping others draft behind you. I was in a lead position when coaching other solopreneurs, people running their own one-person businesses. As I shifted toward working with executives and entrepreneurs, I referred anyone who reached out for postgrad coaching to several of my clients whose primary goal was working with young professionals. It was rewarding to pass these opportunities along to other coaches who were thrilled to have the work. On the flip side, I drafted behind other professionals when I was building my speaking business. I told other speakers in my career niche that I loved working with organizations and speaking at conferences, and was happy to travel to do so.

The New Nomads: How the Migration Revolution Is Making the World a Better Place by Felix Marquardt

"World Economic Forum" Davos, agricultural Revolution, Anthropocene, Black Lives Matter, Black Swan, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, carbon footprint, carbon tax, coronavirus, COVID-19, dark matter, digital nomad, Donald Trump, George Floyd, ghettoisation, glass ceiling, green new deal, Greta Thunberg, Intergovernmental Panel on Climate Change (IPCC), Joi Ito, Kickstarter, knowledge economy, labour market flexibility, Les Trente Glorieuses, out of africa, phenotype, place-making, Ponzi scheme, pre–internet, QAnon, Ray Kurzweil, remote working, Richard Feynman, road to serfdom, Silicon Valley, Skype, Snapchat, social distancing, sustainable-tourism, technological solutionism, technoutopianism, Yogi Berra, young professional

I recently dug up the text version of the piece that came out of this interview, and the kindest thing I can say about it is that I wasn’t at my smartest or most self-aware. At one point I remarked that ‘taking the train from Paris to London feels like hopping on the Tube to go to work’. Looking back, I find the way I expressed how pleased I was with myself embarrassing, but not, I think, unique, coming from a young professional in an age where rapid mobility is the ultimate status symbol, and international mobility the ultimate mark of privilege. What CNN was telling me was that I was one of the ‘winners’. As I started advising governments and multinationals in the ensuing years, increasingly frenzied global travel went hand in hand with increasingly frenzied self-regard.

The Heart of Business: Leadership Principles for the Next Era of Capitalism by Hubert Joly

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, behavioural economics, big-box store, Blue Ocean Strategy, call centre, carbon footprint, Clayton Christensen, clean water, cognitive dissonance, commoditize, company town, coronavirus, corporate governance, corporate social responsibility, COVID-19, David Brooks, do well by doing good, electronic shelf labels (ESLs), fear of failure, global pandemic, Greta Thunberg, imposter syndrome, iterative process, Jeff Bezos, lateral thinking, lockdown, long term incentive plan, Marc Benioff, meta-analysis, old-boy network, pension reform, performance metric, popular capitalism, pre–internet, race to the bottom, remote working, Results Only Work Environment, risk/return, Salesforce, scientific management, shareholder value, Silicon Valley, social distancing, Social Responsibility of Business Is to Increase Its Profits, supply-chain management, TED Talk, Tim Cook: Apple, young professional, zero-sum game

Unrest over the economy and, more generally, growing inequality was feeding a global wave of populism while demands for more action on climate change inspired a rising tide of protests around the world, led by younger generations rallying behind Swedish teenage activist Greta Thunberg. Around the dinner table, my children talked about how excessive consumerism and waste was contributing to global warming. They pointed out that young professionals in their generation were turning to start-ups in search of inspiration and fulfillment at work because they were disillusioned with large traditional employers. Both felt that governments and business were not doing an adequate job to address the climate crisis, seemingly lacking the sense of urgency that they felt so acutely.

The Cult of Smart: How Our Broken Education System Perpetuates Social Injustice by Fredrik Deboer

accounting loophole / creative accounting, Affordable Care Act / Obamacare, anti-communist, assortative mating, basic income, Bernie Sanders, collective bargaining, deindustrialization, desegregation, Donald Trump, fiat currency, Flynn Effect, full employment, gentrification, Great Leap Forward, helicopter parent, income inequality, knowledge economy, labor-force participation, liberal capitalism, longitudinal study, meta-analysis, new economy, New Urbanism, obamacare, Own Your Own Home, phenotype, positional goods, profit motive, RAND corporation, randomized controlled trial, Richard Florida, school choice, Scientific racism, selection bias, Silicon Valley, single-payer health, Steven Pinker, survivorship bias, trade route, twin studies, universal basic income, upwardly mobile, winner-take-all economy, young professional, zero-sum game

Teachers often work long hours outside of those they are formally contracted for, grading student work and creating lesson plans. Teaching can be extremely emotionally taxing, as the various social and family problems students endure are brought into the classroom. More, there is a profound lack of “cool” factor for teaching. While I’m sure most of the young professional managerial class regard teaching positively overall, it’s not the kind of job that lends cachet in the same way that work in the creative or artistic fields like Hollywood or media does. For one reason or another, qualified teaching candidates are drying up: enrollment in teacher training programs fell by 35 percent from 2011 to 2016.14 Teacher attrition is hard to measure—there is considerable variation among districts, rates are highly sensitive to broader labor market conditions like recessions, and a lot of folk wisdom for which there’s no hard data—but few would deny that early-career teachers are more likely to leave their jobs than those entering many other professions that require special training and licensure.

SuperFreakonomics by Steven D. Levitt, Stephen J. Dubner

agricultural Revolution, airport security, An Inconvenient Truth, Andrei Shleifer, Atul Gawande, barriers to entry, behavioural economics, Bernie Madoff, Boris Johnson, call centre, clean water, cognitive bias, collateralized debt obligation, creative destruction, credit crunch, Daniel Kahneman / Amos Tversky, deliberate practice, Did the Death of Australian Inheritance Taxes Affect Deaths, disintermediation, endowment effect, experimental economics, food miles, indoor plumbing, Intergovernmental Panel on Climate Change (IPCC), John Nash: game theory, Joseph Schumpeter, Joshua Gans and Andrew Leigh, longitudinal study, loss aversion, Louis Pasteur, market design, microcredit, Milgram experiment, Neal Stephenson, ocean acidification, oil shale / tar sands, patent troll, power law, presumed consent, price discrimination, principal–agent problem, profit motive, randomized controlled trial, Richard Feynman, Richard Thaler, selection bias, South China Sea, Stanford prison experiment, Stephen Hawking, The Wealth of Nations by Adam Smith, too big to fail, trickle-down economics, ultimatum game, urban planning, William Langewiesche, women in the workforce, young professional

Bishop, “Is the Test Score Decline Responsible for the Productivity Growth Decline,” American Economic Review 79, no. 1 (March 1989). EVEN TOP WOMEN EARN LESS: See Justin Wolfers, “Diagnosing Discrimination: Stock Returns and CEO Gender,” Journal of the European Economic Association 4, nos. 2–3 (April-May 2006); and Marianne Bertrand, Claudia Goldin, and Lawrence F. Katz, “Dynamics of the Gender Gap for Young Professionals in the Financial and Corporate Sectors,” National Bureau of Economic Research working paper, January 2009. DO MEN LOVE MONEY THE WAY WOMEN LOVE KIDS? The cash-incentive gender-gap experiment was reported in Roland G. Fryer, Steven D. Levitt, and John A. List, “Exploring the Impact of Financial Incentives on Stereotype Threat: Evidence from a Pilot Study,” AEA Papers and Proceedings 98, no. 2 (2008).

The Four: How Amazon, Apple, Facebook, and Google Divided and Conquered the World by Scott Galloway

"Susan Fowler" uber, activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Robotics, Amazon Web Services, Apple II, autonomous vehicles, barriers to entry, Ben Horowitz, Bernie Sanders, Big Tech, big-box store, Bob Noyce, Brewster Kahle, business intelligence, California gold rush, Cambridge Analytica, cloud computing, Comet Ping Pong, commoditize, cuban missile crisis, David Brooks, Didi Chuxing, digital divide, disintermediation, don't be evil, Donald Trump, Elon Musk, fake news, follow your passion, fulfillment center, future of journalism, future of work, global supply chain, Google Earth, Google Glasses, Google X / Alphabet X, Hacker Conference 1984, Internet Archive, invisible hand, Jeff Bezos, Jony Ive, Khan Academy, Kiva Systems, longitudinal study, Lyft, Mark Zuckerberg, meta-analysis, Network effects, new economy, obamacare, Oculus Rift, offshore financial centre, passive income, Peter Thiel, profit motive, race to the bottom, RAND corporation, ride hailing / ride sharing, risk tolerance, Robert Mercer, Robert Shiller, Search for Extraterrestrial Intelligence, self-driving car, sentiment analysis, shareholder value, Sheryl Sandberg, Silicon Valley, Snapchat, software is eating the world, speech recognition, Stephen Hawking, Steve Ballmer, Steve Bannon, Steve Jobs, Steve Wozniak, Stewart Brand, supercomputer in your pocket, Tesla Model S, the long tail, Tim Cook: Apple, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, undersea cable, vertical integration, warehouse automation, warehouse robotics, Wayback Machine, Whole Earth Catalog, winner-take-all economy, working poor, you are the product, young professional

That’s a function of the lack of balance in my twenties and thirties. Other than business school, from twenty-two to thirty-four, I remember work and not much else. The world does not belong to the big, but to the fast. You want to cover more ground in less time than your peers. This is partially talent, but mostly endurance. My lack of balance as a young professional cost me my hair, my first marriage, and arguably my twenties. And it was worth it. Are You an Entrepreneur? I began this chapter describing some of the characteristics I see across the board in successful people in the digital age. But along our varied, digital-age career path, many people will at some point consider an entrepreneurial opportunity, whether it be starting their own business, joining an existing start-up, or launching a new business with a larger organization.

How to Kill a City: The Real Story of Gentrification by Peter Moskowitz

"Hurricane Katrina" Superdome, affirmative action, Airbnb, back-to-the-city movement, Bay Area Rapid Transit, Big Tech, Black Lives Matter, Blue Bottle Coffee, British Empire, clean water, collective bargaining, company town, David Brooks, deindustrialization, Detroit bankruptcy, do well by doing good, drive until you qualify, East Village, Edward Glaeser, fixed-gear, gentrification, Golden Gate Park, housing crisis, housing justice, income inequality, Jane Jacobs, Kickstarter, Kitchen Debate, land bank, late capitalism, messenger bag, mortgage tax deduction, Naomi Klein, new economy, New Urbanism, off-the-grid, private military company, profit motive, public intellectual, Quicken Loans, RAND corporation, rent control, rent gap, rent stabilization, restrictive zoning, Richard Florida, Ronald Reagan, school choice, Silicon Valley, starchitect, subprime mortgage crisis, tech worker, The Death and Life of Great American Cities, the High Line, trickle-down economics, urban planning, urban renewal, white flight, working poor, Works Progress Administration, young professional

What’s the point of living in a relatively cramped place instead of the suburbs if they increasingly provide the exact same things? Then even some of the rich left. Gentrification has a way of creeping up on you. The white, hippieish middle class doesn’t notice when the black queer kids go missing; the professionals don’t notice (or don’t care) when the hippies leave; the rich don’t notice when the young professionals leave. And then you’re left with the Village today: an upscale mall for international oligarchs. At one point I noticed it was just my parents and my brother and me, plus a couple of older residents—the holdouts—mixed in with the new people, who seemed very different. They were the types who wouldn’t say hi to me in the hallway; who would quickly close the front door on the way into the building out of fear someone would follow them in; who I would later learn worked for investment banks and as defense contractors and as corporate lawyers; who would spend millions from the communal co-op pot (which every apartment pays in to) in order to add security cameras to the hallways and renovate the lobby with hideous dark-metal finishes and expensive stonework; who in 2015, for the first time in the building’s history, hired private security during the Village’s annual gay pride parade to check people’s IDs at the front door.

The People's Platform: Taking Back Power and Culture in the Digital Age by Astra Taylor

"World Economic Forum" Davos, A Declaration of the Independence of Cyberspace, Aaron Swartz, Alan Greenspan, American Legislative Exchange Council, Andrew Keen, AOL-Time Warner, barriers to entry, Berlin Wall, big-box store, Brewster Kahle, business logic, Californian Ideology, citizen journalism, cloud computing, collateralized debt obligation, Community Supported Agriculture, conceptual framework, content marketing, corporate social responsibility, creative destruction, cross-subsidies, crowdsourcing, David Brooks, digital capitalism, digital divide, digital Maoism, disinformation, disintermediation, don't be evil, Donald Trump, Edward Snowden, Evgeny Morozov, Fall of the Berlin Wall, Filter Bubble, future of journalism, Gabriella Coleman, gentrification, George Gilder, Google Chrome, Google Glasses, hive mind, income inequality, informal economy, Internet Archive, Internet of things, invisible hand, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Perry Barlow, Julian Assange, Kevin Kelly, Kickstarter, knowledge worker, Laura Poitras, lolcat, Mark Zuckerberg, means of production, Metcalfe’s law, Naomi Klein, Narrative Science, Network effects, new economy, New Journalism, New Urbanism, Nicholas Carr, oil rush, peer-to-peer, Peter Thiel, planned obsolescence, plutocrats, post-work, power law, pre–internet, profit motive, recommendation engine, Richard Florida, Richard Stallman, self-driving car, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, slashdot, Slavoj Žižek, Snapchat, social graph, Steve Jobs, Stewart Brand, technological solutionism, technoutopianism, TED Talk, the long tail, trade route, Tragedy of the Commons, vertical integration, Whole Earth Catalog, WikiLeaks, winner-take-all economy, Works Progress Administration, Yochai Benkler, young professional

The ideology of Web 2.0 “trumpets the radical principles of counter-cultural movements, but dampens them through the emphasis on profit and business context.”58 Where networks could conceivably be used to further more democratic and egalitarian connections, Web 2.0 applications too often “further a view of the self and relationships that is entirely in line with current corporate business models,” Marwick says. “Young professionals adopt self-consciously constructed personae which are marketed, like brands or celebrities, to an audience or fan base. These personas are highly edited, controlled, and monitored, conforming to ideals of a work-safe, commercial self presentation.” Combining the logics of engineering and capitalism, the self has become measurable and maximizable, tallied through metrics such as the number of contacts and Web hits, retweets and reblogs, five-stars, ratings, likes, notes, and comments.

The New Class Conflict by Joel Kotkin

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, affirmative action, Affordable Care Act / Obamacare, Alvin Toffler, American Society of Civil Engineers: Report Card, back-to-the-city movement, Bob Noyce, Boston Dynamics, California gold rush, Californian Ideology, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, classic study, Cornelius Vanderbilt, creative destruction, crony capitalism, David Graeber, degrowth, deindustrialization, do what you love, don't be evil, Downton Abbey, driverless car, Edward Glaeser, Elon Musk, energy security, falling living standards, future of work, Future Shock, Gini coefficient, Google bus, Herman Kahn, housing crisis, income inequality, independent contractor, informal economy, Internet of things, Jane Jacobs, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John von Neumann, Joseph Schumpeter, Kevin Kelly, Kevin Roose, labor-force participation, Larry Ellison, Lewis Mumford, low interest rates, low-wage service sector, Marc Andreessen, Mark Zuckerberg, Mary Meeker, mass affluent, McJob, McMansion, medical bankruptcy, microapartment, Nate Silver, National Debt Clock, New Economic Geography, new economy, New Urbanism, obamacare, offshore financial centre, Paul Buchheit, payday loans, Peter Calthorpe, plutocrats, post-industrial society, public intellectual, RAND corporation, Ray Kurzweil, rent control, rent-seeking, Report Card for America’s Infrastructure, Richard Florida, Sheryl Sandberg, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Solyndra, Steve Jobs, stock buybacks, tech worker, techlash, technoutopianism, The Death and Life of Great American Cities, Thomas L Friedman, Tony Fadell, too big to fail, transcontinental railway, trickle-down economics, Tyler Cowen, Tyler Cowen: Great Stagnation, upwardly mobile, urban planning, urban sprawl, Virgin Galactic, War on Poverty, women in the workforce, working poor, young professional

These are either being built or planned in such cities as Seattle, New York, San Francisco, Santa Monica, and Portland.101 Such units have appeal to developers for whom cramming, especially with an urban subsidy in hand, may be particularly profitable. Yet a considerable amount of research shows that life in ultra-small apartments has a depressing effect on people. “Sure, these micro-apartments may be fantastic for young professionals in their 20s,” notes Dak Kopec, director of Design for Human Health at Boston Architectural College. “But they definitely can be unhealthy for older people, say in their 30s and 40s, who face different stress factors that can make tight living conditions a problem.”102 According to Kopec, the space-saving trend of tiny apartments can lead to increased claustrophobia, domestic abuse, and alcoholism.

The Refusal of Work: The Theory and Practice of Resistance to Work by David Frayne

anti-work, antiwork, basic income, Bertrand Russell: In Praise of Idleness, Californian Ideology, call centre, capitalist realism, classic study, clockwatching, critique of consumerism, David Graeber, deindustrialization, deskilling, emotional labour, Ford Model T, future of work, Herbert Marcuse, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Kickstarter, knowledge economy, knowledge worker, low skilled workers, McJob, means of production, moral panic, new economy, Paradox of Choice, post-work, profit motive, Silicon Valley, Silicon Valley ideology, Skype, unpaid internship, work culture , working poor, young professional

Why upgrade your oven if you haven’t got time to cook? Hochschild speculated that the new kitchen appliances acted like totems for the people who bought them: the brand-new oven, sparkling and unused, is a gesture towards the leisurely lifestyle people wished they had. We could interpret the clutter of the young professional’s apartment in much the same way. The shelves full of half-read novels, the racks full of dusty CDs, and the cupboards full of mouldering camping equipment become symbols of the leisurely life that workers hoped they would have, before their jobs took over. The topic of this chapter is leisure or, more precisely, why we seem to have so little leisure, and why the leisure time that we do have is so often suffused with a sense of responsibility and anxiety.

Life as a Passenger: How Driverless Cars Will Change the World by David Kerrigan

3D printing, Airbnb, airport security, Albert Einstein, autonomous vehicles, big-box store, Boeing 747, butterfly effect, call centre, car-free, Cesare Marchetti: Marchetti’s constant, Chris Urmson, commoditize, computer vision, congestion charging, connected car, DARPA: Urban Challenge, data science, deep learning, DeepMind, deskilling, disruptive innovation, Donald Shoup, driverless car, edge city, Elon Musk, en.wikipedia.org, fake news, Ford Model T, future of work, General Motors Futurama, hype cycle, invention of the wheel, Just-in-time delivery, Lewis Mumford, loss aversion, Lyft, Marchetti’s constant, Mars Rover, megacity, Menlo Park, Metcalfe’s law, Minecraft, Nash equilibrium, New Urbanism, QWERTY keyboard, Ralph Nader, RAND corporation, Ray Kurzweil, ride hailing / ride sharing, Rodney Brooks, Sam Peltzman, self-driving car, sensor fusion, Silicon Valley, Simon Kuznets, smart cities, Snapchat, Stanford marshmallow experiment, Steve Jobs, technological determinism, technoutopianism, TED Talk, the built environment, Thorstein Veblen, traffic fines, transit-oriented development, Travis Kalanick, trolley problem, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban sprawl, warehouse robotics, Yogi Berra, young professional, zero-sum game, Zipcar

The MIT reworking of the trolley problem replaces the trolley with a driverless car experiencing brake failure. The experiment depicts 13 variations of the “trolley problem”, asking users to decide who should perish, which involves agonising priority choices: more deaths against fewer, humans over animals, elderly compared to young, professionals against criminals, law abiding people over jaywalkers, and larger people against athletes. I strongly recommend you try it yourself: http://moralmachine.mit.edu/ and see how your choices compare with others who have completed the experiment. Apparently, the most common outcome is that people prefer utilitarian outcomes which places the highest value on the fewest total number of lives lost.

Lab Rats: How Silicon Valley Made Work Miserable for the Rest of Us by Dan Lyons

"Friedman doctrine" OR "shareholder theory", "Susan Fowler" uber, "World Economic Forum" Davos, Airbnb, Amazon Robotics, Amazon Web Services, antiwork, Apple II, augmented reality, autonomous vehicles, basic income, Big Tech, bitcoin, blockchain, Blue Ocean Strategy, business process, call centre, Cambridge Analytica, Clayton Christensen, clean water, collective bargaining, corporate governance, corporate social responsibility, creative destruction, cryptocurrency, data science, David Heinemeier Hansson, digital rights, Donald Trump, Elon Musk, Ethereum, ethereum blockchain, fake news, full employment, future of work, gig economy, Gordon Gekko, greed is good, Hacker News, hiring and firing, holacracy, housing crisis, impact investing, income inequality, informal economy, initial coin offering, Jeff Bezos, job automation, job satisfaction, job-hopping, John Gruber, John Perry Barlow, Joseph Schumpeter, junk bonds, Kanban, Kevin Kelly, knowledge worker, Larry Ellison, Lean Startup, loose coupling, Lyft, Marc Andreessen, Mark Zuckerberg, McMansion, Menlo Park, Milgram experiment, minimum viable product, Mitch Kapor, move fast and break things, new economy, Panopticon Jeremy Bentham, Parker Conrad, Paul Graham, paypal mafia, Peter Thiel, plutocrats, precariat, prosperity theology / prosperity gospel / gospel of success, public intellectual, RAND corporation, remote working, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, Ruby on Rails, Sam Altman, San Francisco homelessness, Sand Hill Road, scientific management, self-driving car, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley startup, six sigma, Skinner box, Skype, Social Responsibility of Business Is to Increase Its Profits, SoftBank, software is eating the world, Stanford prison experiment, stem cell, Steve Jobs, Steve Wozniak, Stewart Brand, stock buybacks, super pumped, TaskRabbit, tech bro, tech worker, TechCrunch disrupt, TED Talk, telemarketer, Tesla Model S, Thomas Davenport, Tony Hsieh, Toyota Production System, traveling salesman, Travis Kalanick, tulip mania, Uber and Lyft, Uber for X, uber lyft, universal basic income, web application, WeWork, Whole Earth Catalog, work culture , workplace surveillance , Y Combinator, young professional, Zenefits

The offices of Kapor Capital are housed inside the Kapor Center, along with another Kapor organization, the Level Playing Field Institute, a nonprofit that runs a summer math and science program for minority students. In addition to making a statement about their priorities, the Kapors’ move to Oakland has turned out to be a pretty smart investment. Oakland is on the rebound. New businesses are popping up—little coffee shops, brewpubs, farmers markets, and trendy restaurants catering to the young professionals. Once considered one of the most dangerous cities in America, Oakland now makes the Forbes list of America’s Coolest Cities, with Uptown, the neighborhood where the Kapor Center is located, finding itself on the Forbes list of America’s Best Hipster Neighborhoods. “Here in Oakland we have a different story than in San Francisco,” Mitch says.

Empty Planet: The Shock of Global Population Decline by Darrell Bricker, John Ibbitson

"World Economic Forum" Davos, affirmative action, agricultural Revolution, Berlin Wall, Black Lives Matter, Brexit referendum, BRICs, British Empire, Columbian Exchange, commoditize, demographic dividend, demographic transition, Deng Xiaoping, Donald Trump, en.wikipedia.org, full employment, gender pay gap, gentrification, ghettoisation, glass ceiling, global reserve currency, Great Leap Forward, Gunnar Myrdal, Hans Rosling, Hernando de Soto, illegal immigration, income inequality, James Watt: steam engine, Jeff Bezos, John Snow's cholera map, Kibera, knowledge worker, labor-force participation, Mark Zuckerberg, megacity, New Urbanism, nuclear winter, off grid, offshore financial centre, out of africa, Potemkin village, purchasing power parity, reserve currency, Ronald Reagan, Silicon Valley, South China Sea, statistical model, Steve Jobs, Steven Pinker, The Wealth of Nations by Adam Smith, Thomas Malthus, transcontinental railway, upwardly mobile, urban planning, working-age population, young professional, zero-sum game

In the School of Philosophy, Languages and Literature, and Human Sciences and Letters building, there is no apparent sign of air conditioning, despite the brutal mid-summer heat. Funding cuts, we are told, have led to neglect and disrepair across the university. We are here to talk to the Brazilian equivalent of the university students in Korea, the dinner party in Belgium, the young professionals in Nairobi: the upwardly mobile, educated, professional, ambitious members of a society. How do their experiences and perceptions differ, or match up, with their counterparts in other parts of the world? The results surprise us. Professor Lorena Barberia, from the university’s political science department, has assembled a dozen students attending a graduate summer program.

Listen, Liberal: Or, What Ever Happened to the Party of the People? by Thomas Frank

Affordable Care Act / Obamacare, Airbnb, Alan Greenspan, Amazon Mechanical Turk, American ideology, antiwork, barriers to entry, Berlin Wall, Bernie Sanders, Black Lives Matter, blue-collar work, Burning Man, centre right, circulation of elites, Clayton Christensen, collective bargaining, Credit Default Swap, David Brooks, deindustrialization, disruptive innovation, Donald Trump, driverless car, Edward Snowden, Evgeny Morozov, Fall of the Berlin Wall, financial engineering, financial innovation, Frank Gehry, fulfillment center, full employment, George Gilder, gig economy, Gini coefficient, Glass-Steagall Act, high-speed rail, income inequality, independent contractor, Jaron Lanier, Jeff Bezos, knowledge economy, knowledge worker, Lean Startup, mandatory minimum, Marc Andreessen, Mark Zuckerberg, market bubble, mass immigration, mass incarceration, McMansion, microcredit, mobile money, moral panic, mortgage debt, Nelson Mandela, new economy, obamacare, payday loans, Peter Thiel, plutocrats, Ponzi scheme, post-industrial society, postindustrial economy, pre–internet, profit maximization, profit motive, race to the bottom, Republic of Letters, Richard Florida, ride hailing / ride sharing, Ronald Reagan, Savings and loan crisis, sharing economy, Silicon Valley, Steve Jobs, Steven Levy, TaskRabbit, tech worker, TED Talk, Thorstein Veblen, too big to fail, Travis Kalanick, Uber for X, union organizing, urban decay, WeWork, women in the workforce, Works Progress Administration, young professional

Schmidt’s own writing makes it obvious why he and Google appeal so strongly to the Democrats: the party and the company are traveling parallel cultural tracks. Schmidt begins his 2014 management book, How Google Works, by playing up the company’s academic pedigree. After launching Google out of a dorm room, the two founders acted “like the professors in their Stanford computer science lab” and gave the smart young professionals they hired maximum freedom. The company they proceeded to build, according to Schmidt, is a “meritocracy,” a place where the smartest prevail, where bias and prejudice count for nothing, where the best ideas win out.5 The ideal economic actor in this context is the one Schmidt calls “the smart creative”: In our industry … she is most likely a computer scientist.… But in other industries she may be a doctor, designer, scientist, filmmaker, engineer, chef, or mathematician.

The Last Job: The Bad Grandpas and the Hatton Garden Heist by Dan Bilefsky

Boris Johnson, Crossrail, Etonian, gentrification, global supply chain, license plate recognition, urban sprawl, young professional

A blackboard on a wall listed specials alongside the regular dishes on the menu, such as treacle tart with vanilla ice cream, an impossibly sweet and beloved British pudding, and wild boar and apple sausages. Another sign advertised the rooftop terrace upstairs, which the pub boasted, with typical British understatement, was “possibly the finest roof terrace in Angel.” The bustling and noisy pub, thronging with tourists and young professionals from the neighborhood, was decorated with lamps made with globes, which appealed to its well-traveled clientele. Old-school criminals though they were, the men seemed to like the good life: Angel was the surrounding bourgeois neighborhood in the north London borough of Islington, which has hosted, among others, former prime minister Tony Blair, Salman Rushdie, and the former London mayor-turned-foreign-secretary Boris Johnson.

AIQ: How People and Machines Are Smarter Together by Nick Polson, James Scott

Abraham Wald, Air France Flight 447, Albert Einstein, algorithmic bias, Amazon Web Services, Atul Gawande, autonomous vehicles, availability heuristic, basic income, Bayesian statistics, Big Tech, Black Lives Matter, Bletchley Park, business cycle, Cepheid variable, Checklist Manifesto, cloud computing, combinatorial explosion, computer age, computer vision, Daniel Kahneman / Amos Tversky, data science, deep learning, DeepMind, Donald Trump, Douglas Hofstadter, Edward Charles Pickering, Elon Musk, epigenetics, fake news, Flash crash, Grace Hopper, Gödel, Escher, Bach, Hans Moravec, Harvard Computers: women astronomers, Higgs boson, index fund, information security, Isaac Newton, John von Neumann, late fees, low earth orbit, Lyft, machine translation, Magellanic Cloud, mass incarceration, Moneyball by Michael Lewis explains big data, Moravec's paradox, more computing power than Apollo, natural language processing, Netflix Prize, North Sea oil, Northpointe / Correctional Offender Management Profiling for Alternative Sanctions, p-value, pattern recognition, Pierre-Simon Laplace, ransomware, recommendation engine, Ronald Reagan, Salesforce, self-driving car, sentiment analysis, side project, Silicon Valley, Skype, smart cities, speech recognition, statistical model, survivorship bias, systems thinking, the scientific method, Thomas Bayes, Uber for X, uber lyft, universal basic income, Watson beat the top human players on Jeopardy!, young professional

But if an ad used to be a blunt instrument, today it is a laser beam. Marketers can now design an online ad for any target audience they can imagine, defined at a level of demographic and psychographic detail that would boggle your mind. If you came to Facebook’s sales team with a goal of targeting a vague group like “young professionals,” for example, you would probably be laughed at behind your back. Tell us who you really want to target, you’d be told. Do you want lawyers or bankers? Democrats or Republicans? Sports fans or opera connoisseurs? Black or white, man or woman, North or South, steak or salad—and if salad, iceberg or kale?

Bedsit Disco Queen: How I Grew Up and Tried to Be a Pop Star by Tracey Thorn

Berlin Wall, Bob Geldof, East Village, Great Leap Forward, greed is good, Live Aid, means of production, Mikhail Gorbachev, Neil Kinnock, Ronald Reagan, sexual politics, University of East Anglia, young professional

Having to go abroad to feel loved made home feel unwelcoming and alien. Like a lot of groups, we were Big In Japan, and would play much bigger venues there than we could in England. Strange, sedate early-evening gigs, where we’d perform on freezing-cold air-conditioned stages to neatly groomed young professionals who adored us but had no apparent means of showing it. Their responses were confined to a code of behaviour which seemed designed to quash any outpouring of spontaneity or joy. So at the end of each song they would clap hard and rhythmically, but in unison, which made it sound insincere and forced.

Fodor's Madrid and Side Trips by Fodor's

Atahualpa, call centre, Francisco Pizarro, glass ceiling, Isaac Newton, low cost airline, Pepto Bismol, traffic fines, young professional

Her fluid dresses and hand-knit sweaters have made her a favorite with Danish former supermodel and now editor and designer Helena Christensen. At Victorio & Lucchino (Lagasca 75, Salamanca | 28001 | 91/431–8786) you can find sophisticated party dresses (many with characteristic Spanish features) in materials such as gauze, silk, and velvet, as well as more casual wear and a popular line of jewelry and accessories. Young professionals who want the latest look without the sticker shock hit Zara for hip clothes that won’t last more than a season or two. The store’s minimalist window displays are hard to miss; inside you’ll find the latest looks for men, women, and children. Zara is self-made entrepreneur Amancio Ortega’s textile empire flagship, and you will find locations all over the city.

The Joy of Less, A Minimalist Living Guide: How to Declutter, Organize, and Simplify Your Life by Francine Jay

big-box store, book scanning, carbon footprint, dumpster diving, Ford Model T, indoor plumbing, Lao Tzu, Mahatma Gandhi, pez dispenser, place-making, young professional

It keeps our to-do lists from spiraling out of control, and ensures we have adequate time for the activities most important to us. Just “be” A few years ago, I was involved in a group conversation about work and careers. One of the men, in his late twenties, was asked what he did. He simply smiled and said, “Not much,” offering no further explanation. An awkward silence fell over our crowd of young professionals. Many of us were putting in sixty-hour weeks, and madly juggling work, family, and social commitments. His casual response was akin to heresy. Unfortunately, busyness seems to be a prized trait in our culture—as if the more activities, events, hobbies, committees, appointments, meetings, and responsibilities we can jam into our schedules, the better people we are.

Road to Nowhere: What Silicon Valley Gets Wrong About the Future of Transportation by Paris Marx

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, A Declaration of the Independence of Cyberspace, Airbnb, An Inconvenient Truth, autonomous vehicles, back-to-the-land, Berlin Wall, Bernie Sanders, bike sharing, Californian Ideology, car-free, carbon credits, carbon footprint, cashless society, clean tech, cloud computing, colonial exploitation, computer vision, congestion pricing, corporate governance, correlation does not imply causation, COVID-19, DARPA: Urban Challenge, David Graeber, deep learning, degrowth, deindustrialization, deskilling, Didi Chuxing, digital map, digital rights, Donald Shoup, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, Elon Musk, energy transition, Evgeny Morozov, Extinction Rebellion, extractivism, Fairchild Semiconductor, Ford Model T, frictionless, future of work, General Motors Futurama, gentrification, George Gilder, gig economy, gigafactory, global pandemic, global supply chain, Google Glasses, Google X / Alphabet X, green new deal, Greyball, high-speed rail, Hyperloop, independent contractor, Induced demand, intermodal, Jane Jacobs, Jeff Bezos, jitney, John Perry Barlow, Kevin Kelly, knowledge worker, late capitalism, Leo Hollis, lockdown, low interest rates, Lyft, Marc Benioff, market fundamentalism, minimum viable product, Mother of all demos, move fast and break things, Murray Bookchin, new economy, oil shock, packet switching, Pacto Ecosocial del Sur, Peter Thiel, pre–internet, price mechanism, private spaceflight, quantitative easing, QWERTY keyboard, Ralph Nader, Richard Florida, ride hailing / ride sharing, Ronald Reagan, safety bicycle, Salesforce, School Strike for Climate, self-driving car, Sidewalk Labs, Silicon Valley, Silicon Valley billionaire, Silicon Valley ideology, Silicon Valley startup, smart cities, social distancing, Southern State Parkway, Steve Jobs, Stewart Brand, Stop de Kindermoord, streetcar suburb, tech billionaire, tech worker, techlash, technological determinism, technological solutionism, technoutopianism, the built environment, The Death and Life of Great American Cities, TikTok, transit-oriented development, transportation-network company, Travis Kalanick, Uber and Lyft, Uber for X, uber lyft, Unsafe at Any Speed, urban planning, urban renewal, VTOL, walkable city, We are as Gods, We wanted flying cars, instead we got 140 characters, WeWork, Whole Earth Catalog, Whole Earth Review, work culture , Yom Kippur War, young professional

When Kalanick said that Uber would crush the taxi cartel, he was not talking about the taxi companies, though they were certainly swept up in it; rather, he was talking about the last vestiges of taxi drivers’ power over the conditions of their industry. This campaign was not undertaken to benefit the public as a whole, and it certainly did not benefit drivers. Instead, the fruits of deregulation accrued to the white-collar workers who escaped annihilation in the recession and to those young professionals in industries like tech and finance who prospered in the decade that followed at the expense of those who were wiped out by the crash together with the poor, immigrant, and workers of color who had never made it out of precarity to begin with. Sadly, that is not just Uber’s story, but the reality of so many of the tech industry’s ideas for the future of transportation and cities.

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow

Alan Greenspan, always be closing, bank run, banking crisis, Bear Stearns, Big bang: deregulation of the City of London, Black Monday: stock market crash in 1987, Bolshevik threat, book value, Boycotts of Israel, Bretton Woods, British Empire, buy and hold, California gold rush, capital controls, Carl Icahn, Charles Lindbergh, collective bargaining, Cornelius Vanderbilt, corporate raider, death from overwork, Dutch auction, Etonian, financial deregulation, financial engineering, fixed income, German hyperinflation, Glass-Steagall Act, index arbitrage, interest rate swap, junk bonds, low interest rates, margin call, Michael Milken, military-industrial complex, money market fund, Monroe Doctrine, North Sea oil, oil shale / tar sands, old-boy network, paper trading, plutocrats, Robert Gordon, Ronald Reagan, short selling, stock buybacks, strikebreaker, Suez canal 1869, Suez crisis 1956, the market place, the payments system, too big to fail, transcontinental railway, undersea cable, Yom Kippur War, young professional

Morgan Grenfell also created new “assistant directors”—a seemingly petty organizational detail that for the first time allowed commoners to ascend into the formerly closed caste of directors: the senior partner, Viscount Harcourt, wanted to end the rigor mortis. In 1967, right before the second Lord Bicester—the jolly Rufie—died in a road accident, Harcourt recruited the virile Sir John Stevens, executive director of the Bank of England, to open up overseas outposts. Among its young professionals, Morgan Grenfell’s stodgy reputation bred an exaggerated thirst for freedom. In 1967, Stephen Catto, the former partner’s son, invited film producer Dimitri de Grunwald for lunch at 23 Great Winchester. De Grunwald had a brainstorm: if distributors could finance film production through a global consortium, they could shatter America’s monopoly in filmmaking; he denied that only Americans could make westerns.

…

“Maybe I’m naive,” he said, “but I think the day of partners swapping that kind of information is long gone.”8 Baldwin wasn’t cavalier about ethics, but he placed extraordinary faith in the power of so-called Chinese walls to insulate Greenhill’s operation from the rest of the firm. Morgan Stanley tried to throw the fear of God into merger specialists and monitored their activities closely. Briefed on legal and ethical issues, young professionals had to sign statements that they understood house rules. To foster a healthy paranoia about using inside information for personal gain, scare memos listing grounds for dismissal were circulated periodically. Oil analyst Barry Good remarked, “I have visions of someone stalking into my office to rip the epaulettes off my shoulders, break my calculator over his knee and drum me right out of the corps.”9 Every fortnight, security officers conducted electronic sweeps, and projects were camouflaged with the names of English kings or Greek philosophers.

…

The Seeligs and the Magans had great power in the firm, for they captured new clients; the old taboo about poaching clients was fading. Morgan Grenfell had an individualistic culture very unlike the team spirit drilled into recruits at Morgan Guaranty, S. G. Warburg, and Goldman, Sachs. Not surprisingly, it encouraged a flamboyant, free-wheeling star system among its young professionals, who became recognizable figures in London, like pop stars. But such freedom, if conducive to inventive takeover work, could also induce a perilous euphoria, a giddy sense of invulnerability. The group’s superstar was Roger Seelig. In a more innocent age, his background might have fitted him for tamer pursuits.

Frommer's London 2009 by Darwin Porter, Danforth Prince

airport security, Ascot racecourse, British Empire, double helix, East Village, Easter island, Edmond Halley, gentrification, glass ceiling, haute cuisine, high-speed rail, Isaac Newton, Maui Hawaii, Murano, Venice glass, New Urbanism, place-making, Ralph Waldo Emerson, Ronald Reagan, Sloane Ranger, Stephen Hawking, sustainable-tourism, urban renewal, young professional

Hemmed in on the north by Westway and on the west by the Shepherd’s Bush ramp leading to the M40, it has many turn-of-the-century mansions and small houses sitting on quiet, leafy streets, plus a growing number of hot restaurants and clubs. Gentrified in recent years, it’s becoming an extension of central London. Hotels are few, but increasingly chic. Even more remote than Paddington and Bayswater, Notting Hill lies at least another 10 minutes west of those districts. In spite of that, many young professional visitors to London wouldn’t stay anywhere else. In the northern half of Notting Hill is the hip neighborhood known as Notting Hill Gate, home to Portobello Road, which boasts one of London’s most famous street markets. The area Tube stops are Notting Hill Gate, Holland Park, and Ladbroke Grove.

…

Before its decline, Ken Lo’s Memories of China offered the best Chinese dining in London. The late Ken Lo, whose grandfather was the Chinese ambassador to the Court of St. James, made his reputation as a cookbook author. Jenny Lo is Ken’s daughter, and her father taught her many of his culinary secrets. Belgravia matrons and young professionals come here for perfectly prepared, reasonably priced fare. Ken Lo cookbooks contribute to the dining room decor of black refectory tables set with paper napkins and chopsticks. Opt for such fare as a vermicelli rice noodle dish (a large plate of noodles topped with grilled chicken breast and Chinese mushrooms) or white noodles with minced pork.

Cuba: An American History by Ada Ferrer

Albert Einstein, anti-communist, Bartolomé de las Casas, Berlin Wall, British Empire, Charles Lindbergh, cognitive dissonance, colonial rule, company town, COVID-19, cuban missile crisis, Dissolution of the Soviet Union, Donald Trump, equal pay for equal work, European colonialism, Fall of the Berlin Wall, Francisco Pizarro, Great Leap Forward, Hernando de Soto, hiring and firing, Howard Zinn, Joan Didion, land reform, land tenure, mass immigration, means of production, Mikhail Gorbachev, Monroe Doctrine, Nelson Mandela, Panopticon Jeremy Bentham, rent control, Ronald Reagan, trade route, transatlantic slave trade, transcontinental railway, union organizing, upwardly mobile, Washington Consensus, wikimedia commons, women in the workforce, yellow journalism, young professional

We’re talking about the six hundred thousand Cubans without work, who want to earn their daily bread honestly without having to emigrate from their homeland in search of a livelihood; the five hundred thousand farm laborers who live in miserable shacks, who work four months of the year and starve the rest… ; the four hundred thousand industrial workers and laborers whose retirement funds have been embezzled… ; the one hundred thousand small farmers who live and die working land that is not theirs…. And the list continued: teachers, small businessmen, young professionals, artists. All of them, he said, were the people.14 Finally, Castro spoke about his own revolution. He explained the five revolutionary laws that were to have been read over the radio following their victory at the Moncada barracks. The first law restored the 1940 constitution, recognizing it as “the true supreme law of the State.”

…

The US government granted entry primarily to relatives of Cubans already living in the United States. The Cuban government, meanwhile, refused exit visas to men of military age; it also expedited those visas for the elderly. These two things together meant that the new wave of migrants was significantly more female and significantly older than the first wave. Many were the parents of the young professionals who had left in the first three years of the revolution. If the earlier arrivals were christened golden exiles, we might call these the silver ones. The character of this exile wave was shaped, too, by other policies pursued by the Cuban government. In 1968, Castro’s Revolutionary Offensive targeted small-scale urban commercial property, and many of their former owners left soon after.

Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity by Douglas Rushkoff

activist fund / activist shareholder / activist investor, Airbnb, Alan Greenspan, algorithmic trading, Amazon Mechanical Turk, Andrew Keen, bank run, banking crisis, barriers to entry, benefit corporation, bitcoin, blockchain, Burning Man, business process, buy and hold, buy low sell high, California gold rush, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, centralized clearinghouse, citizen journalism, clean water, cloud computing, collaborative economy, collective bargaining, colonial exploitation, Community Supported Agriculture, corporate personhood, corporate raider, creative destruction, crowdsourcing, cryptocurrency, data science, deep learning, disintermediation, diversified portfolio, Dutch auction, Elon Musk, Erik Brynjolfsson, Ethereum, ethereum blockchain, fiat currency, Firefox, Flash crash, full employment, future of work, gamification, Garrett Hardin, gentrification, gig economy, Gini coefficient, global supply chain, global village, Google bus, Howard Rheingold, IBM and the Holocaust, impulse control, income inequality, independent contractor, index fund, iterative process, Jaron Lanier, Jeff Bezos, jimmy wales, job automation, Joseph Schumpeter, Kickstarter, Large Hadron Collider, loss aversion, low interest rates, Lyft, Marc Andreessen, Mark Zuckerberg, market bubble, market fundamentalism, Marshall McLuhan, means of production, medical bankruptcy, minimum viable product, Mitch Kapor, Naomi Klein, Network effects, new economy, Norbert Wiener, Oculus Rift, passive investing, payday loans, peer-to-peer lending, Peter Thiel, post-industrial society, power law, profit motive, quantitative easing, race to the bottom, recommendation engine, reserve currency, RFID, Richard Stallman, ride hailing / ride sharing, Ronald Reagan, Russell Brand, Satoshi Nakamoto, Second Machine Age, shareholder value, sharing economy, Silicon Valley, Snapchat, social graph, software patent, Steve Jobs, stock buybacks, TaskRabbit, the Cathedral and the Bazaar, The Future of Employment, the long tail, trade route, Tragedy of the Commons, transportation-network company, Turing test, Uber and Lyft, Uber for X, uber lyft, unpaid internship, Vitalik Buterin, warehouse robotics, Wayback Machine, Y Combinator, young professional, zero-sum game, Zipcar

As their own marketing research shows, however, they were actually pitting the unique weaknesses of individual investors against themselves, leveraging the investors’ ignorance of the marketplace and its rules, as well as known gaps—what gamers would call “exploits”—in people’s financial psychology.11 The more that financial firms promoted these plans, the more employers were free to drop their pensions and the more workers came to rely exclusively on their own savings plans and market skills. This channeled additional money into the finance industry, which then had funds to spend on marketing for more profitable financial products and on lobbying for less regulation in creating them. In our digital society, we take for granted that retirement is one’s personal responsibility. Young professionals understand that they’re playing a game, competing against one another in the marketplace of jobs as well as that of retirement strategies. As the United States’ manufacturing base declines, fewer young workers expect old-fashioned, long-term guarantees such as pensions, anyway.12 The rise of the 401(k) and concurrent decline in pensions emerged at a propitious moment in American history, when a strain of “free market” fundamentalism had seeped from the Goldwater and Friedman fringes of the Republican Party into the technolibertarian mainstream.

Thieves of State: Why Corruption Threatens Global Security by Sarah Chayes

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", Celtic Tiger, colonial rule, crony capitalism, drone strike, failed state, high-speed rail, income inequality, microcredit, offshore financial centre, plutocrats, structural adjustment programs, trade route, ultimatum game, vertical integration, WikiLeaks, winner-take-all economy, young professional

An earthquake, I thought, or maybe just time—till the young, whose minds were less seared by the violence of the past, came of age. “THIS ISN’T about unemployment. It’s about a mafia running this country.” That was my introduction to Tunisia, courtesy of Hazem Ben Gacem, one of the dynamic young professionals who were flocking to the service of their country in the weeks after Ben Ali’s fall. “It’s about bullying, extortion, public sector bribery. Everyone knew about the corruption, the sick practices. It got to be too much.” Tunisia in March 2011 was still high on euphoria over what it had wrought.

The New Urban Crisis: How Our Cities Are Increasing Inequality, Deepening Segregation, and Failing the Middle Class?and What We Can Do About It by Richard Florida

affirmative action, Airbnb, back-to-the-city movement, basic income, Bernie Sanders, bike sharing, blue-collar work, business climate, Capital in the Twenty-First Century by Thomas Piketty, clean water, Columbine, congestion charging, creative destruction, David Ricardo: comparative advantage, declining real wages, deindustrialization, Donald Trump, East Village, edge city, Edward Glaeser, failed state, Ferguson, Missouri, gentrification, Gini coefficient, Google bus, high net worth, high-speed rail, income inequality, income per capita, industrial cluster, informal economy, Jane Jacobs, jitney, Kitchen Debate, knowledge economy, knowledge worker, land value tax, low skilled workers, Lyft, megacity, megaproject, Menlo Park, mortgage tax deduction, Nate Silver, New Economic Geography, new economy, New Urbanism, occupational segregation, off-the-grid, opioid epidemic / opioid crisis, Paul Graham, plutocrats, RAND corporation, rent control, rent-seeking, restrictive zoning, Richard Florida, rising living standards, Ronald Reagan, secular stagnation, self-driving car, Silicon Valley, SimCity, sovereign wealth fund, streetcar suburb, superstar cities, tech worker, the built environment, The Chicago School, The Death and Life of Great American Cities, the High Line, The Rise and Fall of American Growth, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, trickle-down economics, Tyler Cowen, Uber and Lyft, uber lyft, universal basic income, upwardly mobile, urban decay, urban planning, urban renewal, urban sprawl, white flight, young professional

The nearby Nabisco factory would be turned into a high-end food court, and the gargantuan old Port Authority building would be filled with techies working for Google, one of the many high-tech companies in the neighborhood. Crossing the East River or the Hudson, he would see the factories, run-down tenements, and row houses of Brooklyn, Hoboken, and Jersey City transformed into neighborhoods where young professionals and families live, work, and play. He could walk the streets at night without worrying about crime. But as polished and well-appointed as the city would appear on the surface, he would also feel the tensions simmering underneath. Living there would be far less affordable for a working person like him than it had been in 1975.

Undoing the Demos: Neoliberalism's Stealth Revolution by Wendy Brown

Affordable Care Act / Obamacare, bitcoin, Branko Milanovic, Capital in the Twenty-First Century by Thomas Piketty, collective bargaining, corporate governance, credit crunch, crowdsourcing, David Brooks, Food sovereignty, haute couture, Herbert Marcuse, immigration reform, income inequality, invisible hand, labor-force participation, late capitalism, means of production, new economy, obamacare, occupational segregation, Philip Mirowski, public intellectual, Ronald Reagan, sexual politics, shareholder value, sharing economy, subprime mortgage crisis, TED Talk, The Chicago School, the long tail, the market place, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trickle-down economics, Washington Consensus, Wolfgang Streeck, young professional, zero-sum game

King Alexander, “Private Institutions and Public Dollars: An Analysis of the Effects of Federal Direct Student Aid on Public and Private Institutions of Higher Education,” Journal of Education Finance 23.3 (1998), pp. 390–416, quoted in David Hursh and Andrew Wall, “Re-politicizing Higher Education and Research Within Neoliberal Globalization,” Policy Futures in Education 9.5 (2011). 39. It would seem that many faculty have departed from the values of the priesthood for those of the market, rendering the notion that “you don’t go into academia for the money” a quaint shibboleth of a tweedy past, one spurned by market-smart young professionals who just happen to study Chaucer or South Asian politics. 40. The tendency of neoliberalism to generate products with zero use value and for which there is often no clientele apart from those in the industry is brilliantly portrayed in the “Xtra Normal” cartoon videos satirizing academe through the figures of eager undergraduates yearning to go to graduate school.

Networks of Outrage and Hope: Social Movements in the Internet Age by Manuel Castells

"World Economic Forum" Davos, access to a mobile phone, banking crisis, call centre, centre right, citizen journalism, cognitive dissonance, collective bargaining, conceptual framework, crowdsourcing, currency manipulation / currency intervention, disintermediation, en.wikipedia.org, Glass-Steagall Act, housing crisis, income inequality, microcredit, military-industrial complex, Mohammed Bouazizi, Occupy movement, offshore financial centre, Port of Oakland, social software, statistical model, Twitter Arab Spring, We are the 99%, web application, WikiLeaks, World Values Survey, young professional, zero-sum game

I have also compared his data with the findings of Baruch College’s Hector Cordero-Guzman’s non-representative sample of visitors to OccupyWallSt.org.5 On the basis of these surveys, and personal observation from participants in the movement, it appears that the majority of those fully engaged in most camps were young professionals and students in the 20–40 age group, with a slightly higher percentage of women than men. About one half of them had a full-time job, with a significant number being unemployed, underemployed, temporarily employed or employed part-time. The income level of the majority seemed to be around the median income level of Americans.

The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home by Dan Ariely

Alvin Roth, An Inconvenient Truth, assortative mating, Bear Stearns, behavioural economics, Burning Man, business process, cognitive dissonance, Cornelius Vanderbilt, corporate governance, Daniel Kahneman / Amos Tversky, Demis Hassabis, end world poverty, endowment effect, Exxon Valdez, first-price auction, Ford Model T, Frederick Winslow Taylor, George Akerlof, happiness index / gross national happiness, hedonic treadmill, IKEA effect, Jean Tirole, job satisfaction, knowledge economy, knowledge worker, loss aversion, name-letter effect, Peter Singer: altruism, placebo effect, Richard Thaler, Saturday Night Live, search costs, second-price auction, Skinner box, software as a service, subprime mortgage crisis, sunk-cost fallacy, The Wealth of Nations by Adam Smith, ultimatum game, Upton Sinclair, young professional

Most young people change jobs frequently, so they uproot themselves, yet again disrupting their social lives. With every move, their developing direct and indirect relationships are curtailed—which further hurts their chances of finding someone, because friends often introduce one another to prospective mates. Overall, this means that the improvement in the market efficiency for young professionals has come, to a certain extent, at the cost of market inefficiency for young romantic partners. Enter Online Dating I was troubled by the difficulties of Seth and some other friends until the advent of online dating. I was very excited to hear about sites like Match.com, eHarmony, and JDate.com.

Gray Lady Down: What the Decline and Fall of the New York Times Means for America by William McGowan

affirmative action, Affordable Care Act / Obamacare, corporate governance, David Brooks, different worldview, disinformation, East Village, friendly fire, haute couture, illegal immigration, immigration reform, liberation theology, medical residency, microplastics / micro fibres, New Journalism, obamacare, payday loans, postnationalism / post nation state, pre–internet, Seymour Hersh, uranium enrichment, yellow journalism, young professional

Meanwhile, Sulzberger took the concern over trends and age cohorts to a level beyond what drove the Sectional Revolution of the 1970s. The old thinking about the Times was that it “should not be too popular and should not try to be,” as Edwin Diamond phrased it. But as Diamond also explained, market research and focus groups indicated a disturbing trend toward “aliteracy,” with otherwise educated young professionals saying “they had no interest in picking up a copy of the Times.” And it wasn’t just a local problem. In 1967, roughly two-thirds of those between the ages of eighteen and twenty-nine read a newspaper; in 1988 the figure was 29 percent. The research commissioned by the Times showed that the paper was defining itself too narrowly to appeal to an elite that no longer existed in its traditional form.

The Dawn of Eurasia: On the Trail of the New World Order by Bruno Macaes

active measures, Berlin Wall, Brexit referendum, British Empire, computer vision, deep learning, Deng Xiaoping, different worldview, digital map, Donald Trump, energy security, European colonialism, eurozone crisis, failed state, Francis Fukuyama: the end of history, gentrification, geopolitical risk, global value chain, illegal immigration, intermodal, iterative process, land reform, liberal world order, Malacca Straits, mass immigration, megacity, middle-income trap, open borders, Parag Khanna, savings glut, scientific worldview, Silicon Valley, South China Sea, speech recognition, Suez canal 1869, The Brussels Effect, trade liberalization, trade route, Transnistria, young professional, zero-sum game, éminence grise

But that is only half of the problem. How to convince their European friends that Turkey is just as European as Germany or France if all these old women covered in chadors no longer stay at home but feel comfortable to roam freely around Istanbul? After all, they are not immigrants, but Turks, as Turkish as the young professionals of Nişantaşı or Cihangir. If Nişantaşı is a badly scripted play, some parts of Fatih are no less artificial. If you walk in the Çarşamba neighbourhood on a Friday, all the men will have beards and be dressed in long cloaks, called cubbe, with white skullcaps. Their foreheads may be calloused with prayer marks, so that suddenly and without any transition the visitor will be transported back to the early days of Islam – with many of the influences present here being quite foreign to Turkish life, whose Islamic traditions differ very significantly from Arab ones.

After Zionism: One State for Israel and Palestine by Antony Loewenstein, Ahmed Moor

Boycotts of Israel, British Empire, cognitive dissonance, colonial rule, drone strike, facts on the ground, gentrification, ghettoisation, land reform, Naomi Klein, no-fly zone, one-state solution, Ronald Reagan, Rosa Parks, young professional