Jacob and Rob talk briefly about emerging markets and a return to orthodox economic policies in places like Ethiopia, Nigeria, and Egypt. After a brief digression into the Bank of Japan’s decision to raise interest rates, they spend the rest of the podcast discussing a study that looked at the impact of direct cash transfers on labor supply and quality – and what it means that the key takeaway was that people want to have fun.
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Timestamps:
(00:00) - Intro
(01:47) - CI Club Concept
(05:45) - Global Geopolitical Updates
(07:38) - Focus on Nigeria and Ethiopia
(13:51) - Economic Strategies and Challenges
(17:49) - Japan's Economic Policies
(20:50) - Unconditional Cash Transfers Study
(29:05) - Challenges in U.S. Immigration and Workforce
(29:34) - Anecdotes on Job Market Shifts
(31:23) - Decline in Male Labor Force Participation
(34:57) - Universal Basic Income Study Findings
(40:34) - Philosophical Implications of Leisure
(44:29) - Automation and Future of Work
(46:47) - Starbucks Earnings and Service Quality
(48:06) - Historical Context and Policy Reflections
(55:59) - Concluding Thoughts and Reflections
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Jacob Shapiro Site: jacobshapiro.com
Jacob Twitter: x.com/JacobShap
CI Site: cognitive.investments
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Cognitive Investments is an investment advisory firm, founded in 2019 that provides clients with a nuanced array of financial planning, investment advisory and wealth management services. We aim to grow both our clients’ material wealth (i.e. their existing financial assets) and their human wealth (i.e. their ability to make good strategic decisions for their business, family, and career).
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The Jacob Shapiro Podcast