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Throughout history, the most significant and world-changing events emerge in a low-key manner, without warning. 2020 has one such event.
While a global pandemic is unfolding right before our eyes, there is a rush of predictions regarding the changes in our professional and personal lives, and if we go by history, most of these predictions will be inaccurate.
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During 9/11, it was predicted that the event will permanently alter our sense of irony. In reality, 9/11 caused massive changes in air travel norms.
At the time of the 2009 financial crisis, Time Magazine declared that conspicuous consumption is now over. In reality, the economy made record gains after the 2009 dip.
Many others also predicted a long-term reluctance to spend. In reality, global sales of luxury items show an upward trend in the last 20 years.
Carmakers slashed production of SUVs, a symbol of excess, and just a ‘bubble’ according to an expert. In reality, Carmakers are slashing sedan production due to the high demand for SUVs.
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Predictions are inherently inaccurate because in the time horizon of 10 to 12 years many other things happen which cannot be foreseen, and which cause all kinds of good and bad effects. Speculation is useful and starts interesting discussions (like death rate predictions and economic consequences), helping us make the right steps.
The Prediction that can’t go wrong: The future is always unpredictable.
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The current pandemic has led to an economic free fall which is unparalleled in history. In the US alone, the unemployment rate plummeted at such a speed that more than 10 million have claimed unemp...
The Pandemic Lockdown in the U.S. directly affects the livelihood of a shocking 80% of American workers who work in retail, real estate, education, entertainment and restaurants.
Many of these offices and stores are not going to open after that.
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Minimalism is a quiet celebration of space, but bold in the way its simplicity overwhelms.
Just after World War II, minimalism became popular because of its perfect utopian style. After...
Minimalism is about experiencing the world directly and engaging with your surroundings.
The style now seems more like numbing yourself and creating a protective environment from the overwhelming visual experiences on the internet.
Minimalism these days has an aura of moral superiority.
The problem with minimalism today is that the style is associated with moral purity and outsiderness but it's being adopted by wealthy women and tech billionaires. The style of minimalism we see today is a reality that's not very minimal at all.
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The ongoing epidemic, due to its unknown nature, has provided us with a lot of uncertainties related to the characteristics, severity, mortality rate, infectious rate and spread of the disease. The...
In statistical science, risk is an important uncertainty, but a comparing of risks sometimes does not take into account certain human factors, leading to misinformation or even disinformation. This is due to the statistical models being oversimplifications of the real world.
Statistical data is a ‘Map’, not the actual territory.