Archive for 2018

from BobSullivan.net Here’s all you need to know about the fragile state of the American middle class. An online payday-type lender named Elevate Credit sees the middle class as its target market. “Decades–long macroeconomic trends and the recent financial crisis have resulted in a growing ‘New Middle Class’ with little to no savings, urgent credit…

from BobSullivan.net A billion useless people.  No, maybe that’s generous.  Billions, thanks to robots and artificial intelligence.  The “rise of the useless class.”  The end of work.  And with it, the end of pay.  There are the things that the world’s biggest thinkers are thinking about right now. It’s frightening how little everyone else is…

from BobSullivan.net Mark Zuckerberg never set out to be the world’s editor in chief, but here we are.  And sorry Mark, you are a terrible front page editor. Hearings in Congress today dug into the weeds of why Americans feel like social media is letting them down — it was a ready-made tool for Russian…

from BobSullivan.net Two-thirds of all jobs in the country are low-paying at less than $20 an hour or $40,000 a year About 43% of households, or about 51 million, don’t earn enough to cover the basics. Asset Limited, Income Constrained, Employed, or ALICE, is a worrisome group for America What’s the minimum amount of money…