10/7/20 Power Five

1. Did the $600 Unemployment Supplement Discourage Work? – Spoiler alert: no it did not. And looking back, it was one of the highlights of the government’s response this year.

2. Housekeepers Face a Disaster Generations in the Making – “The pandemic has had devastating consequences for a wide variety of occupations, but housekeepers have been among the hardest hit. Seventy-two percent of them reported that they had lost all of their clients by the first week of April, according to a survey by the National Domestic Workers Alliance. The fortunate had employers who continued to pay them. The unlucky called or texted their employers and heard nothing back. They weren’t laid off so much as ghosted, en masse.”

3. The Spectrum of Financial Dependence and Independence – “I did not intend to get rich. I just wanted to get independent.” – Charlie Munger. Morgan Housel recently wrote a phenomenal book, The Psychology of Money. I’ve already gifted it twice and it’s one of the few books I recommend.

4. Jeff Bezos Says 10 Choices Lead to a Life Without Regrets – “When you are 80 years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices.”

5. Cat Disrupts MP Debate – One perk of working from home, you get to see everyone’s pets.