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

Subscribe to the Newsletter: bit.ly/weekly-sitrep

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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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Disclaimer: Cognitive Investments LLC (“Cognitive Investments”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Cognitive Investments and its representatives are properly licensed or exempt from licensure.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor

#223 - Economic Possibilities for our Grandchildren (An Update)

The Jacob Shapiro Podcast

#223 - Economic Possibilities for our Grandchildren (An Update)