Some Truth About the Media & Layoffs
One of the greatest thinkers of the last century, Thomas Sowell, wisely noticed: “in life, there are no solutions. There are only trade-offs.” This should be more obvious than it is. Let me give just a couple of examples. For every household’s savings efforts, they trade the loss of an additional vacation. For every choice to work more hours, we trade the loss of family time. Life is trade-offs.This understanding is a mere repackaging of the concept of “cost-benefit analysis.” That skill,
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