One Minute Economics
One Minute Economics
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How AI Might Take Your Job Explained in One Minute
When analyzing this topic, most people are afraid of the wrong thing, of something along the lines of fully autonomous AI agents completely taking over. Which, for the foreseeable future and for the overwhelming majority of jobs, is VERY unlikely.
Does this mean your job is safe?
I'm afraid not.
Because as this video makes clear, it's not AI robots like you see in SciFi movies that you should be afraid of but rater scenarios such as a fellow human being who knows how to use AI taking your job... along with that of all your coworkers.
Can we at least be certain that just like with the previous Industrial Revolutions, more than enough new jobs will be created this time around as well?
Yet again, the answer is no.
Past performance does not guarantee future results, as many of you already know, so we can only HOPE that is the case. But since hoping is not exactly the wisest strategy, the name of the game is also preparing for the worst and starting to think about how you can start leveraging AI to become better and better at whatever it is you currently do.
If you can't beat them, join them!
Переглядів: 1 198

Відео

The Housing Affordability Crisis Explained in One Minute
Переглядів 2,5 тис.2 місяці тому
In more and more jurisdictions, owning a home is becoming increasingly difficult, with consequences that go far beyond the economic dimension? Why? Simply because we are no longer referring to discretionary spending, to the proverbial avocado toast and what not, but rather to a necessity. At the end of the day, no matter what it is you do for a living, you need a place to... well, live. Thus, t...
2024 Economics in One Minute: Poor Sentiment vs. Strong (?) Metrics
Переглядів 2,2 тис.3 місяці тому
A belated happy 2024 to all One Minute Economics supporters! With a new year upon us, it makes sense to give adequate attention to the main narratives with respect to economics in 2024. And a fair case could be made that an epic battle between sentiment and metrics is in the spotlight this year. More specifically, a battle between statistics that paint a positive picture of the economy on the o...
Should You Invest in Gold? A One Minute Perspective
Переглядів 4,1 тис.6 місяців тому
More and more people, especially in times of turmoil (economic, geopolitical or otherwise) are asking themselves if it's time to gain at least some exposure to gold. If you are in it for the long haul, then the answer to any questions as to whether or not you should invest in gold tends to be affirmative. There is, in my view, room for precious metals in pretty much all portfolios. At the same ...
GiganticWebsites.com: We Build Ultra-Affordable Scalable Websites With THOUSANDS of Quality Articles
Переглядів 9 тис.9 місяців тому
Yep, GiganticWebsites.com is my own project and as peculiar as it may seem to those of you who know me strictly as an economist or author, there is method to my madness :) Simply put, today's technology evens the playing field in a game-changing manner, enabling the average person to launch truly gigantic websites that used to cost hundreds of thousands or even millions of dollars at ridiculous...
Buying Gold in Canada (and Elsewhere) Explained in One Minute
Переглядів 7 тис.10 місяців тому
This one minute video explains what buying gold in Canada is all about and also provides a fair bit of useful information which pertains to buying gold in general. While nothing is certain, let's just say making the case for an environment where it will be time for gold to shine becomes easier and easier as time passes. Canadians in particular have a wide range of options at their disposal if t...
Getting Rich Quick vs. Getting Rich Slowly: A One Minute Comparison
Переглядів 6 тис.Рік тому
We are literally overwhelmed by "get rich quick" offerings, from mastermind courses to various more or less sketchy products... but is getting rich quick really the way to go? No, not really, with this video explaining why getting rich slowly represents the superior alternative. Does this mean getting rich quick is impossible? Of course not, as it isn't difficult to point to individuals who hav...
Investing in Gold with an IRA, 401k, TSP, Roth IRA or Other Retirement Plan Explained in One Minute
Переглядів 3,3 тис.Рік тому
In light of today's inflation-related uncertainties, it should come as no surprise that more and more individuals are interested in gaining exposure to gold in one way or another. Not only that, increasing attention is also paid to the different manners in which one can gain exposure to gold, because capital allocation opportunities come in all shapes and sizes. How do you go about investing in...
(NeverTrade.org) Why You Should Never Day Trade: The Risks of Retail Trading Explained in One Minute
Переглядів 4,2 тис.Рік тому
I've done this economics thing for many, many years. And over these years, I couldn't help but realize that the more you learn, the more you realize how little you know... especially in this field, I dare say :) However, despite the fact that so few certainties exist, there is one thing I am convinced of: retail trading ruins lives. Don't day trade, in other words, just don't. From countless st...
Economists Can't Predict the Future: The Limits of Economic Predictions Explained in One Minute
Переглядів 2,5 тис.Рік тому
If there is one thing that has been repeated obsessively since One Minute Economics has been launched many moons ago, it's this: economists cannot predict the future. With those who believe otherwise either lying to you or lying to themselves about this mystical ability that nobody has. Now there is bad and good news associated with the reality that economists cannot predict the future and that...
Economics vs. Real Life in One Minute: The Ultimatum Game, Complexity and Data Reliability Issues
Переглядів 2,7 тис.Рік тому
Far too many times, we come across economic models that seem downright brilliant on paper: top-notch math, logic, you name it... yet when they end up being implemented in the proverbial real world by for example being included in economic policy choices, said models disappoint. Why? Simply because in real life, things are (unfortunately for forecasters) ridiculously complex. "Ceteris paribus" s...
Does Money Buy Happiness? Hedonic Treatmill, Income-Happiness Paradox and Social Comparison Theory
Переглядів 2,3 тис.Рік тому
The age-old question: does money buy happiness? As this animation will hopefully explain, the answer is "kind of but not really" or in other words, while short-term effects and effects in general undoubtedly exist, money doesn't really buy happiness in the long run. More specifically: 1) The income-happiness paradox makes it clear that money only "buys" happiness up until a certain income level...
Optimism and Positive Thinking During a Financial or Economic Crisis: A One Minute Perspective
Переглядів 2,1 тис.Рік тому
No matter what country you are living in, it's a matter of WHEN rather than IF you will end up dealing with a financial crisis, an economic crisis... or both. When the inevitable occurs, just how prepared do you think you will be? Do you believe it will be possible to somehow land on your feet? Let's take things one step further and deploy optimism as well as positive thinking so as to develop ...
Decentralization Explained in One Minute: Bitcoin vs. Altcoins
Переглядів 9 тис.Рік тому
Decentralization Explained in One Minute: Bitcoin vs. Altcoins
Blockchain Technology Use Cases Explained in One Minute
Переглядів 3,9 тис.Рік тому
Blockchain Technology Use Cases Explained in One Minute
Simpson's Paradox Explained in One Minute
Переглядів 16 тис.Рік тому
Simpson's Paradox Explained in One Minute
The Most Expected Recession (?) Explained in One Minute
Переглядів 2,3 тис.Рік тому
The Most Expected Recession (?) Explained in One Minute
Retail Trader Speculation Explained in One Minute - Meme Stocks, Meme Cryptocurrencies, etc.
Переглядів 1,6 тис.Рік тому
Retail Trader Speculation Explained in One Minute - Meme Stocks, Meme Cryptocurrencies, etc.
Alternative Investments Explained in One Minute
Переглядів 11 тис.Рік тому
Alternative Investments Explained in One Minute
The European Union's Energy Crisis Explained in One Minute
Переглядів 32 тис.Рік тому
The European Union's Energy Crisis Explained in One Minute
Peer-to-Peer Lending in Europe via Monestro Explained in One Minute
Переглядів 2,2 тис.Рік тому
Peer-to-Peer Lending in Europe via Monestro Explained in One Minute
Why Art Investing Is NOT Just for Billionaires - Masterworks Explained in One Minute
Переглядів 6 тис.2 роки тому
Why Art Investing Is NOT Just for Billionaires - Masterworks Explained in One Minute
Why and HOW to Boycott Russia Economically Explained in One Minute
Переглядів 23 тис.2 роки тому
Why and HOW to Boycott Russia Economically Explained in One Minute
"Kidpreneurs" - One Minute Explanation
Переглядів 5 тис.2 роки тому
"Kidpreneurs" - One Minute Explanation
"The Everything Bubble" Explained in One Minute
Переглядів 14 тис.2 роки тому
"The Everything Bubble" Explained in One Minute
Cayman Islands' Economics in One Minute
Переглядів 10 тис.2 роки тому
Cayman Islands' Economics in One Minute
Prosperous Universe (Space Economics Game) Explained in One Minute
Переглядів 6 тис.2 роки тому
Prosperous Universe (Space Economics Game) Explained in One Minute
The Economics (?) Behind Polarization Explained in One Minute
Переглядів 4,2 тис.2 роки тому
The Economics (?) Behind Polarization Explained in One Minute
The Economics Behind Content Creation and Monetization Explained in One Minute
Переглядів 7 тис.3 роки тому
The Economics Behind Content Creation and Monetization Explained in One Minute
Modern Monetary Theory (MMT) Explained in One Minute
Переглядів 70 тис.3 роки тому
Modern Monetary Theory (MMT) Explained in One Minute

КОМЕНТАРІ

  • @SevenFold-ck2kl
    @SevenFold-ck2kl 3 години тому

    That's cartel right ?

  • @Wearenick
    @Wearenick 5 годин тому

    Did I came here to learn about economics or to listen to music?

  • @reanwithkimleng
    @reanwithkimleng 6 годин тому

    ❤❤❤

  • @isaiahsanchez4629
    @isaiahsanchez4629 7 годин тому

    How about we just dont have money and we have everything we want at will with ai and robotics producing everything

  • @user-zi5is9yw2g
    @user-zi5is9yw2g 16 годин тому

    I had learned that the assumption that the Great Depression was triggered by the stock market crash of 1929 on October is actually wrong. Instead, the stock market crash might have provided some sort of initial impulse to the crisis but the stock market crash and the great depressiona are different things.

  • @alejrandom6592
    @alejrandom6592 17 годин тому

    I love you, straight-to-the-point person on youtube

  • @WAT-RecordsProducing-zz5wx
    @WAT-RecordsProducing-zz5wx День тому

    "Pump and dump", sounds like a movie you would see at an AMC theater....with your kitty🧐🐾🤔

  • @theseljan
    @theseljan 2 дні тому

    Greetings I must respectfully disagree. Please consider reading the following. On June 5, 1933, the United States went off the gold standard, a monetary system in which currency is backed by gold, when Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. The United States had been on a gold standard since 1879, except for an embargo on gold exports during World War I, but bank failures during the Great Depression of the 1930s frightened the public into hoarding gold, making the policy untenable. Soon after taking office in March 1933, President Roosevelt declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy. He also forbade banks to pay out gold or to export it. According to Keynesian economic theory, one of the best ways to fight off an economic downturn is to inflate the money supply. And increasing the amount of gold held by the Federal Reserve would in turn increase its power to inflate the money supply. Facing similar pressures, Britain had dropped the gold standard in 1931, and Roosevelt had taken note. On April 5, 1933, Roosevelt ordered all gold coins and gold certificates in denominations of more than $100 turned in for other money. It required all persons to deliver all gold coin, gold bullion and gold certificates owned by them to the Federal Reserve by May 1 for the set price of $20.67 per ounce. By May 10, the government had taken in $300 million of gold coin and $470 million of gold certificates. Two months later, a joint resolution of Congress abrogated the gold clauses in many public and private obligations that required the debtor to repay the creditor in gold dollars of the same weight and fineness as those borrowed. In 1934, the government price of gold was increased to $35 per ounce, effectively increasing the gold on the Federal Reserve’s balance sheets by 69 percent. This increase in assets allowed the Federal Reserve to further inflate the money supply. The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. In 1974, President Gerald Ford signed legislation that permitted Americans again to own gold bullion. Source: history.com/this-day-in-history/

  • @trueblue7187
    @trueblue7187 3 дні тому

    At 49 seconds into the video, why did they replace the white man with a black man for the representation under the word inflation... Come on now🤔🙄😮‍💨🤣

  • @kevinrmaguire2852
    @kevinrmaguire2852 3 дні тому

    Straight up price fixing

  • @JOHNWANGENYE
    @JOHNWANGENYE 3 дні тому

    Thnks

  • @archnachauhan2965
    @archnachauhan2965 3 дні тому

    Anyone from india

  • @notarussianbot8157
    @notarussianbot8157 4 дні тому

    Thanks, bro! 3rd year accounting student. I just didn't "get it" until watching your video. Cheers!

  • @koflan
    @koflan 4 дні тому

    Black Monday Explained: "It was just a crash, bro, it's fine."

  • @DJ-xk1ux
    @DJ-xk1ux 4 дні тому

    Is depreciating assets and liabilities same ??

  • @DxM0nk3y
    @DxM0nk3y 4 дні тому

    #Bitcoin fixes this

  • @harikrishnanchandramohan4209

    Watch at 0.75x speed

  • @themalcontent100
    @themalcontent100 5 днів тому

    We are seeing this in the game industry. But i don’t know what it would be called. Lots of high risk elements that are given low risk investment despite being very high risk.

  • @joeythegypsy
    @joeythegypsy 5 днів тому

    Why would a place like America be effected by these things? Our land is full of natural resources.

  • @mehditaba6303
    @mehditaba6303 5 днів тому

    Lower costs are always good for everybody. Don't brain wash people like yourself.

  • @user-sp5ws6nn8f
    @user-sp5ws6nn8f 6 днів тому

    We dont Trust US .No onfidence in US or its Dollar , everything in US will fall like Rome .US is a state that is bound to fail at last .No hopes .UK can stand , as it has .BU US its a NO.Sanctioning evrything,here,there . If it was a neutral country i would say it wuld stand ,but is not neutral country.

  • @hamxahussain7738
    @hamxahussain7738 6 днів тому

    Watch it using speed 0.75x

  • @seangarry6081
    @seangarry6081 6 днів тому

    very simple put thanks.

  • @elia371
    @elia371 7 днів тому

    Bro talks like an AI

  • @Lettersinthesand-wp5rj
    @Lettersinthesand-wp5rj 7 днів тому

    This is completely bs. Perhaps you should read something from her first before you publish content about her

  • @user-jv8xc7kr1l
    @user-jv8xc7kr1l 7 днів тому

    How do anarcho-anti-consented-exchanges (An-Coms) people stop Bob from renting from Joe without a ruler to initiate force on the two?

  • @danmccabe9318
    @danmccabe9318 8 днів тому

    This won’t age well. Litecoin is the top dog for transactions

  • @richbrooks9250
    @richbrooks9250 8 днів тому

    I think I have more questions AFTER watching this video than before watching it. .

  • @AlyssasBakery101
    @AlyssasBakery101 8 днів тому

    How would interest be compounded daily though? In the instance of a CD?

  • @zp944
    @zp944 8 днів тому

    It's easier to understand the concept if you use an example with only one person, before jumping into a group example. Let's say Parson Persons is employed by Comapny X to jiggle Dingus for them. Comapny X standards say each employee should be able to jiggle 100 Dingus per shift. So Comapny x tracks how much Dingus Parsons jiggles per shift, and calculates a rolling average for their first twelve weeks based on the expected rate of 100. Parsons score is only 93.5%, meaning, on average, they jiggle 7 fewer dingus than Comapny's minimum standards. Parsons is made aware, and given another 12 weeks to show improvement. This time, their jiggle average increased to 99 dingus per shift. Still not 100, which is the minimum standard. But an improvement. One way to frame Parson Persons performance at work is to say that Parsons has consistently failed to meet the minimum level of expectations explained by the Comapny as a condition of employment. In both the first and second quarter, parsons failed to meet company standards of 100 dingus jiggles per shift. Parsons was given a written warning about their performance after 12 weeks, and notified of possible disciplinary actions that may be taken after 24 weeks, if they do not perform to company standards. After failing to meet company standards for 24 weeks, it is my recommendation that employment be terminated effective immediately. But, you could use standard deviation to frame it differently. First 12 weeks, Parsons hit 93.5%. Second 12 weeks, they hit 99%. That's out of 100 dingus jiggles expected per day. So if we add the total amount of dingus parsons jiggled in the first 12 weeks, and add that to how much they did in the second 12 weeks, we get an average of 96.25 dingus jiggled per shift. Still not 100% to standard though. But. We can use those two data points to talk about how much Parsons performance has increased between periods, rather than pointing out their inability to hit the minimum target. We can use the STANDARD DEVIATION to say that Parsons has increased the rate at which they jiggle dingus by 3.75% since last period. If they continue at this rate, they'll be faster than our most senior jiggler in only 6 more months. By golly, we're gonna need a lot more dingus for this one.

  • @bencochrane6112
    @bencochrane6112 8 днів тому

    The key to the prisoner dilemma is calculable outcomes. You don't get that in real life, which is why poker, with some relatively straight forward maths you can crunch, is relaxing.

  • @exe2289
    @exe2289 8 днів тому

  • @Hannahbenowitz
    @Hannahbenowitz 8 днів тому

    At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 8 днів тому

      If the market has taught me anything, it's that it typically makes a comeback, but I can't seem to focus on the long term, particularly because crucial factors like my retirement and my reserve are having a devastating influence on inflation. As soon as is practical, I need a solution and a data trajectory that I can trust.

    • @beafoster747
      @beafoster747 8 днів тому

      On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

    • @HildaBennet
      @HildaBennet 8 днів тому

      Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

    • @beafoster747
      @beafoster747 8 днів тому

      SONYA LEE MITCHELL is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

    • @HildaBennet
      @HildaBennet 8 днів тому

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @hilwaamanamankiyar-pp5bf
    @hilwaamanamankiyar-pp5bf 8 днів тому

    S24

  • @hilwaamanamankiyar-pp5bf
    @hilwaamanamankiyar-pp5bf 8 днів тому

    S30

  • @d.bcooper2271
    @d.bcooper2271 9 днів тому

    1:22 It is a Ponzi scheme and it would have collapsed long time if not of immigrants.

  • @marcimas1455
    @marcimas1455 9 днів тому

    In other words - They are loan sharks

  • @mohammadfaesal2984
    @mohammadfaesal2984 9 днів тому

    Bribery = Lobbying

  • @zizogamesz2
    @zizogamesz2 9 днів тому

    so if i understand correctly, there will be an unbalance ( too many people that eat bananas ) In aviation is there such a thing as traveling to much that causes an unbalance in demand and supply?

  • @duncansmith7562
    @duncansmith7562 9 днів тому

    what? you said a subsidy helps a producer sell their product. what does NASA sell? who is NASA's customer? subsidizing solar energy just means the customer pays more for energy. how can that be good for the consumer? you are confused.

  • @guttguttdettemablisluttgut8701
    @guttguttdettemablisluttgut8701 9 днів тому

    L adin

  • @DavidSummerly
    @DavidSummerly 9 днів тому

    This was a terrible misinformation video. Most inflation comes from governments borrowing more fiat currency from the federal reserve private banking cartel. AKA currency debasement.

  • @ddelox
    @ddelox 9 днів тому

    Expansion easy and straightforward thanks

  • @user-mv3ng9rj2l
    @user-mv3ng9rj2l 10 днів тому

    Thank you, Sir.

  • @user-mv3ng9rj2l
    @user-mv3ng9rj2l 10 днів тому

    Thank you, Sir.

  • @BlessedYakub
    @BlessedYakub 10 днів тому

    horrible background music...

  • @MajestyVII
    @MajestyVII 10 днів тому

    the smaller the curve means less extremes right?

  • @TheLegitAlpha
    @TheLegitAlpha 11 днів тому

    Remember that even companies that get bailed out could still go under. Just look at what happened to Kodak. They got bail out money, and it still wasn’t enough to save them. Edit: it seems the company has since come back from bankruptcy, so they’re still in business, but my points stands.

  • @HodgeChris
    @HodgeChris 12 днів тому

    I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

    • @brucemichelle5689.
      @brucemichelle5689. 12 днів тому

      I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.

    • @KaurKhangura
      @KaurKhangura 12 днів тому

      You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io 12 днів тому

      This sound interesting. I’m not really one to use pro analysts, but I guess it would not hurt to try one. My portfolio is in the red waters right now

    • @PatrickFitzgerald-cx6io
      @PatrickFitzgerald-cx6io 12 днів тому

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @user-vk4ks3lr2s
    @user-vk4ks3lr2s 13 днів тому

    I love it