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recent bookmarks from jerrykingProductivity is Booming, Can the U.S. Keep It Up?2024-02-16T20:38:56+00:00
https://docs.google.com/document/d/1KwktxDj6HaI1Iw-f_1w0RiJGf5dlBu-Bu8J8Jcp2rpw/edit
jerryking>productivity<<.......“There’s a very fine line between doing OK, and doing well in this [restaurant] business,”......aspiring enterpreneur,Kevin Rezvani, worked for a moving company and made deliveries for Amazon, which was booming during the lockdowns, as people idled at home spent their disposable income on buying goods.
Those sorts of businesses, Mr. Rezvani observed, are unornamented, lean and stringent about how many machines or work hours are needed per order. Looking for a second shot at opening a restaurant, he made maximizing output his >>North Star<<: “I was like,‘I have to make this whole thing more >>efficient<<.’ It’s a business at the end of the day.”
In early 2021, he noticed a restaurant space for lease on East Seventh Street in the East
Village neighborhood of Manhattan. The landlord, desperate for tenants after the pandemic shutdowns, gave him and his new partner a discount. They had to scrounge to make the security deposit, but believed in their bet.
“I maxed out my credit card,” Mr. Rezvani said. “And it hit.”
Featuring a minimalist menu, hole-in-the-wall square footage, and a limited set of ingredients and produce, 7th Street Burger opened that May and quickly took off. From 40 employees 16 months ago, it has grown into a chain with 330 employees across 13 locations and plans for a national expansion.
Some swankier, full-service restaurants in the city with long lists of overhead costs, a fluctuating work force and a set of rarely picked menu options are “making 200 bucks an hour” in sales, Mr. Rezvani argues. But on a good day, he can do $2,000 an hour “with three guys on the grill, with three items on my menu, nine ingredients in my restaurant.” “We’re a cash machine,” [i.e. = "money-making"].............. >>productivity<< has acted like a secret sauce, enabling the other ingredients of what analysts have been calling a “soft landing” to coexist: slowing inflation, sturdy economic growth, strong wage gains and unemployment near record lows.............A growing slate of firms in finance, manufacturing and transportation logistics are offering digital tools that — even without avant-garde A.I. features — seem to offer the ballyhooed promise of working “smarter, not harder” and cutting down on drudgery............Ycharts , a company founded in 2009, sells a platform on which users visualize complex financial market data, then create sleek, customizable charts and portfolios. After recent updates, the company reported that its customers at financial advisory firms had been saving more than a dozen hours on average per week on the >>busywork<< of data analysis..........“There’s more pressure on businesses than ever to **get to profitability** as quickly as
possible,” said Katie Tyson, 37, the founder of Hive Brands, a new web retailer that curates, vets and sells sustainable-branded food and wellness products.......Hive is “a child of the pandemic,” having launched in 2020 when borrowing was still ultracheap,“we’ve been very cost-conscious, I think in a way that the start-ups of the 2010s were not,” Ms. Tyson added. “It’s no longer growth at all costs.” Businesses also appear to be responding more swiftly to shifting consumer habits. A greater emphasis on delivery and takeout orders, for instance, has lifted profit margins at many food businesses. Retail analysts report that better targeted ads and growth in e-commerce have helped firms large and small. And champions of hybrid and remote work options argue that those models reduce wasted commuting hours and help executives employ the best of a talent pool regardless of location.
Fruits of a tight labor market
Data on productivity can be misleading. ts core calculation — output per hour — worked best when America was an industrial and agricultural society, mainly producing bushels of wheat or nuts and bolts for manufactured goods, versus the harder-to-quantify services oriented consumption that makes up most of today’s economy. .......In 2016, the chief economist at Google, Hal Varian, told Bloomberg: “We’re certainly not measuring productivity right — but then, we didn’t measure it right before, either. So are we doing a worse job measuring productivity than we used to? I think there are some arguments that suggest we are.”
improving efficiency rather than reducing headcount often becomes the better growth engine, or competitive edge. Keeping productivity growth near current rates may require efficiency gains from A.I. technology and continued taming of inflation, though a range of Wall Street analysts are confident that both can happen...........“Wages are determined by either power or productivity,” Ms. Edwards said. “The low wages that so many workers make are predicated on this notion that people are paid what value they bring. And that value is measured how exactly?”
]]>artificial_intelligence booming consumer_habits economic_growth efficiency entrepreneur game_changers Hal_Varian hard_to_measure North_Star productivity restauranteurs restaurants shifting_tastes special_sauce time-to-profitability tools U.S. busywork money-makinghttps://pinboard.in/https://pinboard.in/u:jerryking/b:eb528d93d857/Towards your North Star-Rep...2022-12-30T04:04:33+00:00
https://share.getcloudapp.com/llugojJp
jerrykinge-books howto North_Starhttps://pinboard.in/https://pinboard.in/u:jerryking/b:c5072dbf9814/China’s potential long game: First dominate Russia, then on to the Arctic2022-03-14T14:22:46+00:00
https://notes.pinboard.in/u:jerryking/07a30df6ae48a368e03f
jerrykingChina democracy democratic_institutions free-riding international_system international_trade invasions lessons_learned letters_to_the_editor North_Star rules-based Russia Ukraine Western_values WTO long-range long-term Sino-Russian_relationshttps://notes.pinboard.in/https://pinboard.in/u:jerryking/b:8612e6654e32/Opinion | How a Princeton Economist Teaches Resilience2021-09-28T13:03:28+00:00
https://www.nytimes.com/2021/09/27/opinion/resilience-princeton-economist.html?action=click&module=Well&pgtype=Homepage§ion=Guest%20Essays
jerryking>learned from others’<< experiences.[i.e. = "learning_journeys"] Covid-19 has been a spur to experimentation. To stimulate its economy, the Chinese city of Hangzhou sent digital coupons to residents’ phones that could be used only for consumption and had an expiration date. Indonesia focused its vaccination on the working-age population early on. Germany preserved workers’ ties to their employers during the Covid-19 recession through its traditional Kurzarbeit, or “short-time work.”.......Brunnermeier doesn’t necessarily endorse any of these initiatives. Kurzarbeit, for example, could stall the needed reallocation of workers from dying industries into growing ones, he says. His point is that there’s strength in the >>diversity of approaches<<. “A forest that consists of only one type of tree [i.e. = "monoculture"] might fully die out if a disease to which those trees are susceptible emerges,”...Resilience is easier to muster for the rich than the poor, who have no buffers against shocks, Brunnermeier writes, citing work by the economists Sendhil Mullainathan and Eldar Shafir. “In the long run,” he writes, “the ability to take risks amplifies the initial level of inequality because wealthier households usually earn higher returns on investments than poorer households.”
]]>antifragility books Colleges_&_Universities COVID-19 economists experimentation fragility hormetic_approaches learning_journeys North_Star PhDs post-coronavirus_era Princeton resilience risks risk-taking monocultures Peter_Coy diversity_of_approaches learning_from_othershttps://pinboard.in/https://pinboard.in/u:jerryking/b:7a345c76e49b/The CEO who built Cisco into a powerhouse has a sobering coronavirus diagnosis: At least nine months of economic pain - MarketWatch2020-04-08T04:30:45+00:00
https://www.marketwatch.com/story/the-ceo-who-built-cisco-into-a-powerhouse-has-a-sobering-coronavirus-diagnosis-at-least-nine-months-of-economic-pain-2020-04-07?mod=hp_minor_pos19&adobe_mc=MCMID%3D40386264467971997291122119096518373306%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1586313309
jerrykingCEOs Cisco COVID-19 crisis culling digital_strategies economic_downturn Fortune_500 John_Chambers North_Star pandemics reinvention start_ups viruses post-coronavirus_erahttps://pinboard.in/https://pinboard.in/u:jerryking/b:bf47141c6090/Want to transform your industry? Be ready to embrace resistance - The Globe and Mail2019-11-01T09:32:17+00:00
https://www.theglobeandmail.com/business/careers/leadership/article-want-to-transform-your-industry-be-ready-to-embrace-resistance/
jerrykingtransformational resistance challenges feedback mission-driven North_Star persuasion UX change compliments continuous_improvements conversions eels industries passive_resistancehttps://pinboard.in/https://pinboard.in/u:jerryking/b:dc2f6d93ab46/TV chief looks beyond cable for the voyage of Discovery2017-08-09T14:46:57+00:00
https://www.evernote.com/Home.action?login=true#n=accde4de-fb94-4fe8-962e-fa3862c529a9&ses=4&sh=2&sds=2&
jerrykingDiscovery mergers_&_acquisitions Scripps CATV CEOs John_Malone North_Star content consolidationhttps://pinboard.in/https://pinboard.in/u:jerryking/b:e628cc6147b7/THE MONDAY INTERVIEW; Orit Gadiesh; True north maps the route to retaining core values | The Independent2017-06-09T16:41:12+00:00
http://www.independent.co.uk/news/business/the-monday-interview-orit-gadiesh-true-north-maps-the-route-to-retaining-core-values-1326924.html
jerrykingNorth_Star Bain values metaphors core_values Orit_Gadieshhttps://pinboard.in/https://pinboard.in/u:jerryking/b:409f3ebfaa01/Giving Away Your Billion2017-06-06T16:45:32+00:00
https://www.nytimes.com/2017/06/06/opinion/giving-away-your-billion-warren-buffett.html?ref=opinion
jerrykingsocial_fabric David_Brooks philanthropy moguls high_net_worth Warren_Buffett elitism collectives personal_transformation plutocracies plutocrats disorganization daring relationships emotional_connections soul North_Star virtues engaged_citizenry civics biographies friendships giving self-reflective small_groups Jewish-Americanshttps://pinboard.in/https://pinboard.in/u:jerryking/b:282ea419b884/Seth's Blog: The map has been replaced by the compass2017-04-30T04:44:24+00:00
http://sethgodin.typepad.com/seths_blog/2012/02/the-map-has-been-replaced-by-the-compass.html
jerrykingmapping Seth_Godin North_Starhttps://pinboard.in/https://pinboard.in/u:jerryking/b:45c39cc37981/Chasing Problems?2014-12-13T07:10:26+00:00
http://www.startup-marketing.com/chasing-problems/
jerrykingproblem_solving start_ups problems customer_experience growth_hacking pain_points frictions disappointment true_north use_cases case_studies North_Star worthwhile_problems must-have_experience usability visceral delighting_customers desire_paths needs-driven product-market_fithttps://pinboard.in/https://pinboard.in/u:jerryking/b:3d2b892cfa7a/'Heaven was the word for Canada:' race in Martin Luther King's 'North Star' - The Globe and Mail2013-08-26T15:22:24+00:00
http://www.theglobeandmail.com/news/martin-luther-kings-north-star-got-the-message/article13941449/
jerryking>immigration<< and entrenched >>multiculturalism<< forged Canadian cities so >>cosmopolitan<<, diverse and tolerant that they come closer than any to Dr. King’s dream of harmony and equality....
But only for some. Black Canadians make up 2.5% of the population, but fill 9 % of the spaces in the country’s prisons, according to the federal Office of the Correctional Investigator. Too many poor non-white neighbourhoods are unstable and, for many of those trapped in them, unsafe
]]>MLK John_Ibbitson anniversaries speeches North_Star marginalization 1967 Lester_Pearson African_Canadians overrepresentation disproportionality immigration Canadian cities cosmopolitan exclusion geographic_segregation multiculturalism prime_ministers immigration_policieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:37577997ba85/Streetwise strategy for an urban future2011-03-30T19:39:52+00:00
http://www.ft.com/cms/s/0/02ebd51c-5980-11e0-baa8-00144feab49a.html#axzz1I74qKvOr
jerrykingMcKinsey urban Richard_Florida demographic_changes cities China unilever Yum_Brands clusters megacities growth North_Star global_economyhttps://pinboard.in/u:jerryking/b:a4234c834985/John Henrik Clarke - Wikipedia, the free encyclopedia2010-05-12T07:03:59+00:00
http://en.wikipedia.org/wiki/John_Henrik_Clarke
jerrykingAfrican-Americans historians quotes history political_power education self-reliance North_Star the_counsel_of_the_dead wisdom Kwame_Nkrumah human_geography power_brokers highest_purpose purpose affirmations John_Henrik_Clarkehttps://pinboard.in/u:jerryking/b:419cd7dc295b/Corner Office - Tachi Yamada and the Importance of Undivided Attention - Question - NYTimes.com2010-03-06T21:00:11+00:00
http://www.nytimes.com/2010/02/28/business/28corner.html?ref=business&pagewanted=all
jerrykingbillgates philanthropy CEOs Managing_Your_Career career feedback hiring leadership focus slight_edge rate-limiting_steps affirmations humour commitments priorities bottlenecks abstractions moments attention North_Star monotasking mindfulness living_in_the_moment linchpins Gates_Foundation micromanagement open_mindhttps://pinboard.in/u:jerryking/b:47121de34bd4/