Impact Lab

Subscribe Now to Our Free Email Newsletter

» Currently browsing: Economy

Coronavirus caused income loss for nearly half of American households

June 24th, 2020 at 2:24 am » Comments Off

  Chief Economist on U.S. recovery and how we’re ‘standing at the bottom of the canyon’  She had been working as a concierge services coordinator at a nonprofit performing arts organization in New York City for four years before the closure of entertainment venues across the city destroyed demand for her skills. “Job hunting is […]

The rich have stopped spending and that has tanked the economy

June 22nd, 2020 at 11:06 am » Comments Off

A worker paints over a Louis Vuitton storefront, boarded up after the coronavirus outbreak, on March 30 in San Francisco. The wealthiest American households are keeping a tight grip on their purse strings even as their lower-income counterparts are spending a lot more freely when they emerge from weeks of lockdown. That decline in spending […]

Say goodbye to six-figure starting salaries – with these exceptions

June 21st, 2020 at 12:05 pm » Comments Off

KEY POINTS Starting salaries for newly minted college graduates are lower almost across the board as a result of the economic fallout from Covid-19. However, some entry-level positions in tech still pay near six figures, according to new data from Glassdoor. Some entry-level job offers and internship opportunities are being rescinded, another survey found. Those […]

Almost half of Universities may be gone in 5 to 10 years, professor admits

June 19th, 2020 at 2:28 pm » Comments Off

  Scott Galloway, lecturer in Marketing at New York University, speaking at the DLD (Digital-Life-Design) conference in Munich, Germany, 18 January 2016. An NYU professor of business surmises that because of the effects of the coronavirus, anywhere from one-quarter to almost one-half of universities in the nation may go out of business in the next […]

The looming bank collapse

June 12th, 2020 at 12:08 pm » Comments Off

  The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.  After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these […]

San Francisco rents plunge as tech employees abandon high-priced city to work remotely

June 12th, 2020 at 11:35 am » Comments Off

Twitter, Facebook among companies that will allow employees to work remotely moving forward  Coronavirus causes ‘big movement’ out of New York City: Moving company president Roadway Moving President Ross Sapir says more people are leaving New York City for nearby states or southern states, like Florida and Texas. Coronavirus-related work-from-home policies at the country’s biggest […]

There is a housing market crisis brewing – And here’s where it will strike first

June 11th, 2020 at 11:28 am » Comments Off

A potential housing crisis is brewing in some dense, overpriced housing markets as new work trends come into play. Recent data on housing shows that sales remain strong, with only a small drop in prices. However, longer-term trends are likely to lead to significant drops in today’s high-priced markets. The shift towards a remote workforce […]

Why ‘as-a-service’ models will reign in a post-pandemic world

June 3rd, 2020 at 3:02 pm » Comments Off

It’s hard to think ahead when we are up to our necks in the misery and fear of a pandemic, but every CEO should be focused not just on how to survive, but how to thrive in the COVID-era. I say era because this is not a passing phase, but a new reality. COVID is […]

Loaded with cash, global property buyers wait for sellers to crack under pandemic strain

June 2nd, 2020 at 12:41 pm » Comments Off

Private equity firms have US$328 billion cash to deploy for global real estate investment, according to Preqin data Sellers are only willing to offer discounts of 5 per cent while buyers are hoping for about 20 per cent concession The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities […]

The COVID-19 shutdown will cost Americans millions of years of life

May 28th, 2020 at 11:20 am » Comments Off

Our governmental COVID-19 mitigation policy of broad societal lockdown focuses on containing the spread of the disease at all costs, instead of “flattening the curve” and preventing hospital overcrowding. Although well-intentioned, the lockdown was imposed without consideration of its consequences beyond those directly from the pandemic. The policies have created the greatest global economic disruption […]

The results are in for the sharing economy. They are ugly

May 27th, 2020 at 11:26 am » Comments Off

An Uber ride in Brooklyn last month. The ride-hailing company’s business collapsed in March as shelter-in-place orders spread through Europe and the United States.  Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That’s a problem when much of the world is staying home. OAKLAND, Calif. — The coronavirus pandemic has gutted the so-called […]

Community colleges could see a surge in popularity amid Covid-19

May 25th, 2020 at 4:49 pm » Comments Off

Historically, community college enrollment spikes during economic downturns. This year, a public health crisis may draw even more students who don’t want to travel or live in a dorm. The coronavirus crisis has already changed the way this year’s crop of high school seniors are thinking about higher education. And community colleges across the country […]

100,000 new micro industries coming by 2040