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October 18, 2021

MainStreet Macro: Scarcity

The concept of scarcity drives economic theory because we don’t live in a world where resources are free-flowing and abundant. Scarcity requires people and businesses to make constant tradeoffs to get what they want. The role of scarcity in economic activity has been highlighted by the pandemic. Supply shortages are everywhere. From new cars to chicken wings, inventories are running low. In this week’s MSM, we dive deep into the idea of scarcity in the context of our current supply shortages by answering three big questions just in time for the holiday shopping season.
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Latest posts

November 14, 2017

Data Fluency Series #3: Variation and Validity

If you are using a tool to measure people data, there are two things it has to do: It has to reveal actual variation in the real world, and that variation has to validly relate to something else.
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November 7, 2017

Data Fluency Series #2: How to Get Reliable Ratings Data

How do we know that the people data we’re collecting is reliable? How do we know that it’s measuring what we say it’s measuring? And can you really measure something like performance in another person?
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October 31, 2017

Data Fluency Series #1: How to Tell Good Data from Bad Data

Bad data is a pervasive problem in our world, and especially in the world of work. People are being promoted and fired because this faulty data that actually tells us nothing about our employees.
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