Pondering

Two overlapping recessions?

We may be in two simultaneous, overlapping recessions.  One will go away, but the other won’t.

I have two posts at my other blog, Outrun Change, discussing this idea of overlapping recessions:

I’m trying to move my discussions of massive change in the economy and the work world to my other blog.

Two overlapping recessions? Read More »

Technology bringing fee reductions to legal work

Technology is starting to produce new business models for providing legal services, especially for big projects.

Why discuss this in an accounting blog? We CPAs need to be attentive to what is happening around us. We need to be armchair futurists, as I’ve discussed on my other blog.

The Economist has a great article, Alternative Law Firms – Bargain Briefs, describing some new models.

Technology bringing fee reductions to legal work Read More »

Purchasing power of an average worker in 1975 compared to now

Have a post up at my other blog, Nonprofit Update, about a fun analysis by Don Boudreaux looking at the comparative purchasing power of a non-supervisory employee working at average wages now compared to 1975.

I can’t think of a better time to be alive. Or, is the middle class better off today than in 1975?

He looks at items from a 1975 Sear catalogue and uses the average pay rate to convert the prices to the number of hours a person needs to work to buy the item.  Then he compares to the number of hours to buy a reasonably comparable item today.

Purchasing power of an average worker in 1975 compared to now Read More »

I can’t . . . translation: I won’t

(duplicate of post from Nonprofit Update.)

Seth Godin talks about Accepting False Limits:

 I will never be able to dunk a basketball.

This is beyond discussion.

Imagine, though, a co-worker who says, “I’ll never be able to use a knife and fork. No, I have to use my hands.”

Or a colleague who says, “I can’t possibly learn Chinese. I’m not smart enough.”

I can’t . . . translation: I won’t Read More »