Contrary to popular belief, small businesses can benefit from minimum wage increases. A new study from UC Berkeley shows that higher wages lead to less turnover, increased productivity, and better recruitment. The study challenges the conventional wisdom that small businesses suffer more from higher labor costs and are more likely to cut jobs. The findings have significant implications for public policy and reduce poverty and financial insecurity.

Are you looking for a dynamic and challenging career that will push you to your limits? If so, then you might want to consider a career in management consulting! Management consulting is a field that is focused on helping companies solve complex problems and improve their overall performance. It's a challenging and exciting career that offers a wide range of opportunities for growth and development. Management consulting is a diverse field that encompasses a wide range of specialties. Some of the most common areas of focus include strategy, operations, technology, and human resources. Management consultants work with clients across a wide range of industries, including healthcare, finance, technology, and more. As a management consultant, your duties will vary depending on your area of focus. Some of the most common tasks include conducting research, analyzing data, developing strategic plans, and advising clients on best practices. You'll need to be comfortable working in a fast-paced environment, and you'll need to have strong analytical and problem-solving skills. To become a management consultant, you'll need to have a bachelor's degree in a relevant field, such as business, economics, or engineering. Some of the most popular undergraduate programs for aspiring management consultants include business administration, economics, and accounting. Additionally, many management consulting firms prefer to hire candidates with advanced degrees, such as an MBA or a Master's in Management. If you're considering a career in management consulting, there are several key personal attributes that can help you succeed. These include strong communication skills, a passion for problem-solving, and the ability to work well under pressure. You'll also need to be able to work effectively in teams and be comfortable presenting complex information to clients. Job prospects in management consulting are generally strong, and the field is expected to continue growing in the coming years. Some of the most notable employers in the field include McKinsey & Company, Bain & Company, and the Boston Consulting Group. These firms offer exciting opportunities for growth and development, as well as the chance to work with some of the most influential companies in the world.

Chinese companies are leading the way in management innovation with their approach to "digitally enhanced directed autonomy" (DEDA). Using digital platforms, Chinese firms are granting employees autonomy at scale, supporting them with technology, and setting clear business objectives. This approach challenges the conventional Western model of management and offers lessons for firms feeling their way through a still-developing era of management. Learn how Chinese companies like Handu Group and SF Express are using DEDA to maximize internal entrepreneurship and respond dynamically to changing consumer demands and market trends.

Discover the power of creativity in shaping our economy and society with Richard Florida's award-winning book, The Rise of the Creative Class. Through captivating storytelling and extensive research, Florida reveals how the influence of creative individuals, from artists to scientists, is transforming our values, relationships, and even our sense of time. With over 38 million Americans now part of this Creative Class, their impact on the economy is already immense and will shape the future of the workplace, companies, and cities. Join Florida on this thought-provoking journey to explore the fundamental economic change that is driving this sea of change in our society." Recommended for students and professionals alike in fields such as economics, sociology, and business, The Rise of the Creative Class offers a fresh perspective on the role of creativity in shaping our economy and society. This book is particularly relevant for those interested in understanding the ongoing changes in people's attitudes, values, and choices, and their impact on the workplace, companies, and cities. It also offers valuable insights for policymakers, entrepreneurs, and anyone seeking to navigate the rapidly changing economic landscape. Whether you are an artist, a scientist, or a business leader, this book will inspire you to embrace creativity as a driving force for innovation and progress.

Do you want to make a difference in the world and help create positive social change? Social impact investing might be the career for you! This field is all about investing money in organizations that aim to create social and environmental impact alongside financial returns. It’s an exciting and meaningful field with a growing impact on our society and the world we live in. As a social impact investor, you’ll be part of a movement that is transforming traditional finance by investing in ventures that align with social and environmental values. Your work can span a wide range of industries, from renewable energy and affordable housing to health care and education. For example, you could help fund a community health center or a microfinance organization that supports small business owners in developing countries. The potential areas of specialization in social impact investing are diverse and can vary depending on the specific mission of the organization. Some impact investors focus on specific sectors or industries, while others work on global issues like climate change and poverty alleviation. Some even work to create impact investing policies and frameworks, shaping the industry as a whole. Typically, a degree in finance, economics, business or a related field is required for this career. Many universities offer specialized undergraduate programs in impact investing, such as the Sustainable Finance and Impact Investing program at NYU or the Sustainable Business and Social Impact program at the University of Michigan. Additionally, many MBA programs now offer courses in social impact investing. Helpful personal attributes for a career in social impact investing include a passion for social justice, strong analytical skills, and an entrepreneurial spirit. You should also have excellent communication and interpersonal skills, as you’ll be working closely with a wide range of stakeholders, including investors, social entrepreneurs, and nonprofit organizations. Job prospects in social impact investing are very promising, with many public and private sector organizations looking to hire impact investing professionals. Notable employers in this field include Acumen, Bridges Fund Management, Blue Haven Initiative, and Omidyar Network. Additionally, many large financial institutions, such as Goldman Sachs, are developing impact investing divisions.

Can a country's culture influence its entrepreneurship rates? A recent study shows that second-generation immigrants from countries with a strong culture of entrepreneurship are more likely to start their own businesses. Discover the underlying mechanisms and implications for national economic performance.

Are you fascinated by the global economy and the way businesses operate across borders? Do you dream of working with international corporations and making a difference in the world of commerce? If so, then International Business might be the perfect field of study for you! International Business is a dynamic and exciting field that explores the complexities of global trade and commerce. It involves understanding the cultural, political, and economic factors that impact international business activities, as well as the strategies and tactics that businesses use to succeed in the global marketplace. One of the most appealing aspects of studying International Business is the opportunity to learn about real-life examples of successful global business ventures. For instance, did you know that Coca-Cola is sold in over 200 countries around the world, or that IKEA has stores in over 50 countries? These companies are just a few examples of how businesses can thrive in the global marketplace. In addition to learning about successful global businesses, students of International Business have the opportunity to engage in cutting-edge research and innovation. For instance, researchers in this field are exploring the impact of emerging technologies like blockchain and artificial intelligence on global business practices, as well as the potential for sustainable business models to drive positive social and environmental change. At the undergraduate level, students of International Business typically study a range of modules that cover topics such as global marketing, international finance, and cross-cultural management. They may also have the opportunity to specialize in areas like international trade law or global supply chain management. After graduation, there are a wide range of potential career paths for students of International Business. Some may choose to work for multinational corporations like Procter & Gamble or Nestle, while others may pursue careers in international development or diplomacy. Key industries for prospective future employment include finance, consulting, and logistics, with notable employers including Deloitte, J.P. Morgan, and DHL. To succeed in this field, students should possess a range of personal attributes, skills, and subject interests. These may include a strong interest in global affairs, excellent communication and interpersonal skills, and a solid foundation in business and economics. With these qualities, students of International Business can look forward to a rewarding and fulfilling career in the dynamic and ever-changing world of global commerce.

Have you ever wondered why finance is often seen as deceitful and infamous? Harvard Business School professor Mihir Desai explores this question in his book, "The Wisdom of Finance." Desai uses literature, film, history, and philosophy to explain the inner workings of finance in a way that has never been seen before. This book offers a refreshing and unique perspective on one of the world's most complex and misunderstood professions. You'll be surprised to learn how principles of finance can provide answers to critical questions in our lives, from the lessons of mergers applying to marriages to bankruptcy teaching us how to react to failure. Recommended for students of finance, economics, business, and humanities, "The Wisdom of Finance" offers a new perspective on the principles of finance. This book is also relevant to those interested in risk management, fiduciary responsibility, and the true value of relationships. The mix of finance and humanities leads to unusual pairings, such as Jane Austen and Anthony Trollope being guides to risk management and Jeff Koons becoming an advocate of leverage. Mihir Desai's exploration of finance through literature, film, history, and philosophy will inspire readers to see finance in a new light and understand the core humanity of this profession.

Robert Frank's "The High-Beta Rich" exposes the untold story of the high-beta rich and their impact on the American economy. With vivid storytelling, Frank takes readers inside the mortgaged mansions, blown-up balance sheets, and repossessed Bentleys and Gulfstreams. The book highlights how the top 1% of the population, who control more than a third of the country's wealth, are becoming an increasingly unstable force in the economy, wreaking havoc on communities, employment opportunities, and government finances. This engrossing read is a must for anyone interested in understanding the national consequences of high-beta wealth. Recommended for economics and business students, policymakers, and anyone interested in understanding the impact of wealth inequality on the economy and society. The book's insights into the volatile nature of high-beta wealth and its consequences for communities, employment opportunities, and government finances make it an important read for those concerned with economic stability and social justice. The book's vivid storytelling and analysis of the lives of the high-beta rich also make it an entertaining read for anyone interested in the lifestyles of the wealthy.

Management is the study of how organizations operate, lead, and succeed. It is a versatile and dynamic field, with a wide range of opportunities in a variety of industries. If you're interested in business, leadership, and making a difference, studying Management could be the perfect choice for you. At its core, Management is about problem-solving, innovation, and teamwork. It involves learning how to lead people, manage resources, and create value. From running a small business to overseeing a multinational corporation, Management is a critical aspect of success in any organization. One of the most exciting aspects of Management is its constant evolution. New technologies and global challenges have forced managers to be more creative and adaptable than ever before. This has led to innovative research and practices, such as agile management and human-centered design. Well-known academic figures in Management include Peter Drucker, who developed the concept of "management by objectives," and Mary Parker Follett, who was a pioneer in the field of human resources management. More recent figures include Amy Edmondson, who studies the importance of psychological safety in teams, and Adam Grant, who researches motivation and creativity in the workplace. At the undergraduate level, Management majors typically take courses in areas such as accounting, marketing, organizational behavior, and strategy. There are also opportunities to specialize in areas such as entrepreneurship, operations management, or international business. Real-life examples of successful entrepreneurs like Elon Musk and Jack Ma inspire students to follow in their footsteps and learn about innovation, design thinking, and creative problem-solving. Management graduates can go on to pursue careers in a wide range of industries, including finance, healthcare, technology, and government. Potential jobs and roles include management consultant, human resources manager, operations manager, project manager, or marketing manager. Specific notable and attractive potential employers from public and private sectors around the world include McKinsey & Company, Goldman Sachs, Google, Deloitte, and The World Bank.

Are you someone who loves to look at houses and imagine what it would be like to live there? Do you enjoy negotiating deals and helping people find their dream homes? If so, a career in real estate might just be the perfect fit for you! Real estate is a dynamic and exciting field that involves buying, selling, and renting properties. As a real estate agent, you'll work with clients to help them find the perfect home or investment property. You'll also negotiate deals, handle paperwork, and manage the entire buying or selling process from start to finish. One of the most appealing aspects of a career in real estate is the flexibility it offers. You can work as an independent agent or join a larger brokerage firm, and you can choose to specialize in a particular area or work with a wide range of clients. Whether you're helping a young family find their first home or working with a wealthy investor to purchase a commercial property, no two days are ever the same in real estate. To become a successful real estate agent, you'll need to have excellent communication skills, a knack for sales, and a strong understanding of the housing market. You'll also need to be organized, detail-oriented, and able to manage multiple clients and transactions at once. There are a variety of undergraduate programs and majors that can prepare you for a career in real estate, including business, finance, and economics. Many real estate agents also choose to pursue additional training and certifications, such as the Certified Residential Specialist (CRS) designation. The job prospects for real estate agents are strong, with a projected growth rate of 7% over the next decade. Some of the top employers in the field include large brokerage firms like Keller Williams and Coldwell Banker, as well as independent agencies and property management companies. So if you're looking for a career that's both challenging and rewarding, consider exploring the exciting world of real estate. Who knows, you might just find your dream job!

Have you ever wondered how non-profit organizations are able to fund their programs and make a difference in the world? The answer is fundraising! Fundraising is a dynamic and exciting field that allows you to make a difference while also building your career. As a fundraiser, you will be responsible for securing donations and funding for non-profit organizations, charities, and other causes. You will work with donors, corporations, and foundations to build relationships and secure funding for your organization. One of the most appealing aspects of fundraising is the opportunity to make a real impact. You will have the chance to work on projects that make a difference in people's lives, whether it's raising funds for medical research, supporting education programs, or providing relief to disaster victims. In addition to the satisfaction of making a difference, fundraising also offers a variety of career paths and specializations. You can focus on major gifts, corporate partnerships, grant writing, events, or digital fundraising. You can also work for a wide range of organizations, including non-profits, universities, hospitals, and political campaigns. To become a fundraiser, you typically need a bachelor's degree in a related field such as marketing, communications, or business. Many universities also offer specialized fundraising programs, such as the Fundraising and Volunteer Management program at George Brown College in Toronto. Helpful personal attributes for a career in fundraising include strong communication skills, creativity, and the ability to build relationships. You should also be comfortable with data analysis and have strong organizational skills. Job prospects for fundraisers are strong, with a projected growth rate of 9% over the next decade. There are also many attractive potential employers in both the public and private sectors, including organizations such as UNICEF, the American Cancer Society, and the Red Cross. So, if you're looking for a meaningful and rewarding career that allows you to make a difference in the world, consider a career in fundraising. With the right education, skills, and passion, you can build a successful career while also making a positive impact on the world around you.

Have you ever considered a career in sales? It's a dynamic and exciting field that requires a unique combination of skills and personality traits. Sales professionals are responsible for promoting and selling products or services to customers, and they play a crucial role in the success of any business. In the field of sales, you'll learn how to communicate effectively, negotiate deals, and build relationships with customers. You'll also develop skills in marketing, market research, and data analysis. And with the rise of e-commerce and digital marketing, there are more opportunities than ever to use technology to reach customers and close deals. One of the most interesting aspects of studying sales is the variety of industries and products you can work with. From selling software to medical devices, from real estate to luxury goods, there's a sales job for every interest. And with the right training and experience, you can earn a lucrative salary and advance to leadership positions within your company. Research in the field of sales is constantly evolving, with new innovations in technology and communication changing the way we interact with customers. Some of the most influential academic figures in sales include Neil Rackham, who developed the SPIN selling method, and Brian Tracy, who has written extensively on the psychology of selling. At the undergraduate level, you can expect to take courses in marketing, consumer behavior, and sales management. You may also have the opportunity to specialize in areas such as digital marketing or international sales. And with a degree in sales, you'll be prepared for a range of careers, including sales representative, account manager, marketing manager, and business development manager. Some of the top industries for sales professionals include technology, healthcare, and finance. And with companies like Google, Amazon, and Salesforce leading the way in sales innovation, there are plenty of exciting opportunities to work for top employers. Other notable employers include pharmaceutical companies like Pfizer and Johnson & Johnson, as well as luxury brands like Louis Vuitton and Chanel. To succeed in sales, you'll need to have strong communication skills, a competitive spirit, and a natural ability to connect with people. You should also be comfortable with technology and data analysis, as these skills are becoming increasingly important in the field. And with the right training and experience, you can build a successful and rewarding career in sales.

Have you ever been lured into purchasing a product because of a big discount, only to find out that the item was actually overpriced to begin with? This is a common tactic used by companies to manipulate consumer behavior and increase their profits. The concept of consumer product discounting has been studied by leading academics such as Marketing Professor Pradeep K. Chintagunta of the University of Chicago Booth School of Business, who has written extensively on the topic. He explains that companies use discounts to create an illusion of savings and manipulate consumer perception of value. Studies have shown that discounts have a psychological impact on consumers, making them more likely to purchase products that they may not have otherwise considered. In fact, a report by Forbes found that discounts are the most effective marketing tool for increasing sales. However, this can come at the expense of the consumer, who may not be getting the best value for their money. For example, companies may use "dynamic pricing" to adjust the price of a product based on demand. This means that prices may be inflated during peak times, and then discounted to create the illusion of a good deal. This can be seen in the travel industry, where prices for flights and hotels can change multiple times a day. Another tactic companies use is "price anchoring", where they display a high original price for a product, or show prices of alternative products, in order to make the product they are trying to sell seem like a better deal. For example, a retailer may list the original price of a shirt as $100, but offer it for a discounted price of $50. Or, a tech company may display the "basic" version of their anti-malware programme at $20/month and "premium" version at $30/month, making the more expensive version seem like a greater deal for an additional $10/month. Consumers may see this as a great deal, even though they may have never considered purchasing the shirt at the full price or the premium version of the anti-malware programme. It's important to be an informed consumer and to do your research before making a purchase. Check the original price of the product and compare it to prices from other retailers to ensure that you're getting the best value for your money.

The rise of the sharing economy has revolutionized the way we live, work and play. From car sharing and home sharing to peer-to-peer lending and crowdfunding, the power of peer-to-peer exchange has disrupted traditional industries, challenged existing regulations, and transformed our understanding of ownership, trust, and community. But what exactly is peer-to-peer economy, and what are the opportunities and challenges it presents for students interested in exploring this cutting-edge academic topic? Peer-to-peer economy refers to a decentralized and networked system of exchange that allows individuals to share, borrow, rent, or sell goods and services directly with each other, often facilitated by online platforms and apps. The key features of peer-to-peer economy are its peer-to-peer nature, its disintermediation of middlemen, its emphasis on trust and reputation, and its potential for collaborative consumption, innovation, and empowerment. The opportunities of peer-to-peer economy are manifold. For example, it can democratize access to resources, reduce waste and carbon footprint, promote social cohesion and inclusivity, and foster entrepreneurship and creativity. According to a report by PwC, the global sharing economy is projected to grow from $15 billion in 2013 to $335 billion in 2025, with sectors such as transportation, accommodation, and finance leading the way. However, the challenges of peer-to-peer economy should not be overlooked. These include issues of regulation, taxation, liability, safety, privacy, and labor rights, as well as the potential for digital divides, fraud, discrimination, and exploitation. Moreover, the impact of peer-to-peer economy on social norms, cultural values, and the common good is still under debate and scrutiny. In conclusion, the peer-to-peer economy is a fascinating and dynamic topic that offers students a wealth of opportunities and challenges to explore. By reading, reflecting, writing, and engaging in self-directed projects, students can gain a deeper understanding of this transformative phenomenon and its implications for the future of work, consumption, and society. So why not take the leap and start your journey of discovery today? The peer-to-peer economy is waiting for you!

Technology has been a driving force in shaping our world and shaping the future. With the advancement of technology, come new challenges and opportunities. One such challenge is the taxation of technology. Did you know that technology companies are among the largest tax evaders in the world? According to a study by the European Commission, the top 30 tech companies in the EU pay an effective tax rate of just 9.5%, compared to the average 23.2% for other companies. This raises questions about the fairness and sustainability of our tax systems in the digital age. Leading academics in the field, such as Gabriel Zucman and Matthew Kirshner, have proposed solutions such as a global minimum tax rate for multinational companies and a tax on digital revenues. They argue that such measures are necessary to ensure that technology companies pay their fair share and to fund public goods, such as education and infrastructure, that are essential for technological progress. But what are the potential consequences of such measures? Some experts, such as Alex Cobham, warn that a global minimum tax rate could lead to a race to the bottom, as countries compete to lower their tax rates to attract investment. Others, such as Dhammika Dharmapala, argue that a tax on digital revenues could hurt innovation and stifle competition. As young academics, it is important to explore these issues and to think critically about the role of technology and taxes in shaping our future. By exploring these themes and developing your critical thinking skills, you can become informed citizens and active participants in shaping the future of technology and taxes.

Are you interested in making a positive impact on communities and economies around the world? Do you have a passion for problem-solving and strategic planning? If so, a career as an Economic Development Specialist might be the perfect fit for you! Economic Development Specialists work to promote economic growth and stability in communities, regions, and even entire countries. They analyze economic data, identify potential areas for growth, and develop strategies to attract new businesses and investments. They also work to retain and expand existing businesses, which can create jobs and boost local economies. One inspiring example of the impact an Economic Development Specialist can have is the story of Detroit, Michigan. In the early 2000s, Detroit was struggling economically, with high unemployment rates and a declining population. But with the help of Economic Development Specialists, the city was able to attract new businesses and investments, revitalize its downtown area, and create new job opportunities for residents. Typical duties of an Economic Development Specialist include conducting research and analysis to identify economic trends and opportunities, developing strategies to attract new businesses and investments, working with local government officials and community leaders to implement economic development plans, and providing support and resources to businesses and entrepreneurs. There are many potential areas of specialization within the field of economic development, including international development, urban planning, and community development. Related fields include finance, marketing, and public policy. To become an Economic Development Specialist, a bachelor's degree in economics, business, or a related field is typically required. Some popular undergraduate programs and majors include Economics, Business Administration, and Public Policy. Helpful personal attributes for a career in economic development include strong analytical and problem-solving skills, excellent communication and interpersonal skills, and the ability to work collaboratively with a wide range of stakeholders. Job prospects for Economic Development Specialists are good, with a projected growth rate of 11% from 2019-2029. There are many potential employers in both the public and private sectors, including local and national government agencies, non-profit organizations, and private consulting firms. Notable employers include the United Nations Development Programme, the World Bank, and the International Economic Development Council. So if you're looking for a rewarding and impactful career that combines analytical skills with a passion for community development, consider becoming an Economic Development Specialist!

"The End of Fashion" by Teri Agins is a captivating and insightful journalistic exploration of the fashion industry. Agins delves into the transformation of the industry from a world of elite French designers to one where creativity is channeled into mass-marketing clothes. She provides insider vignettes that reveal the behind-the-scenes drama of fashion giants such as Donna Karan, Ralph Lauren, and Tommy Hilfiger. Agins' hard-hitting and uncompromising analysis of the industry's manufacturing, retailing, licensing, image making, and financing is a must-read for anyone interested in the fashion world. Recommended for fashion enthusiasts, business students, and anyone interested in the intersection of creativity and commerce. This book provides a comprehensive look at the transformation of the fashion industry and the impact of mass marketing on creativity. It is also relevant to those interested in the business side of fashion, as Agins examines the manufacturing, retailing, licensing, image making, and financing of the industry. The insider vignettes of fashion giants like Donna Karan, Ralph Lauren, and Tommy Hilfiger provide a fascinating behind-the-scenes look at the industry.

Learning about Ponzi schemes can help you become a more informed investor and a smarter consumer. Ponzi schemes are scams that offer high returns on investments but actually use new investors’ money to pay earlier investors. Bernie Madoff's Ponzi scheme, the largest in history, conned tens of billions of dollars from investors over multiple decades. Understanding how Ponzi schemes work can help you avoid falling victim to them and make better choices with your money. Learning about Ponzi schemes can also help you develop critical thinking skills as you evaluate investment opportunities and assess their legitimacy. By delving into this topic, you can become more financially savvy and protect yourself from fraudulent schemes.

Do you ever wonder why you choose certain products over others? Or why you feel a certain way towards a brand or advertisement? If you find yourself interested in the psychology behind consumer decision-making, then Consumer Behavior might just be the field of study for you! Consumer Behavior is the study of how individuals and groups make decisions about what they buy, use, and dispose of. It incorporates elements of psychology, sociology, and economics to understand the complex factors that influence consumer behavior. One interesting aspect of Consumer Behavior is the concept of brand loyalty. Have you ever noticed that you always buy a certain brand of shampoo or cereal, even though there are other options available? This is because of the emotional connection you have with that brand, which has been carefully cultivated through marketing strategies and brand identity. Academic figures like Philip Kotler and Herbert Simon have made significant contributions to the field of Consumer Behavior. Kotler is known for his work on marketing management and consumer behavior, while Simon received the Nobel Prize in Economics for his research on decision-making in organizations. At the undergraduate level, typical majors and modules in Consumer Behavior include marketing, psychology, and consumer research. Further specialization can be pursued in areas such as digital marketing, brand management, and market research. With a degree in Consumer Behavior, there are a variety of potential future jobs and roles that this field of study might be directly helpful for. These include roles in advertising, market research, and public relations. Notable employers in this field include companies like Procter & Gamble, Coca-Cola, and Google. To succeed in Consumer Behavior, it's helpful to have strong analytical skills, an understanding of human behavior, and an interest in marketing and advertising. If you're fascinated by the psychology behind consumer decision-making, then Consumer Behavior might be the perfect field of study for you!