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The Mamdani Effect Didn’t Happen. Why the Rich Aren’t Fleeing New York

On the eve of socialist Zohran Mamdani’s victory in the New York mayoral election, many predicted a mass exodus of the wealthy from the city. However, two months after his inauguration, millionaires have not gone anywhere despite a proposed city tax for the ultra-rich.

#America #elections #DemocraticPartyoftheUnitedStates #ZohranMamdani #leftandright #millionaires #Taxation #inequality #NewYork #neutral

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Every Fifth Job Opening Is in Sales. How the Labor Market Turns a Person into Sisyphus

Somewhere in a beautiful society of the future, which we will never see, the profession of sales manager will be classified as highly toxic, psychologically traumatic, and requiring rehabilitation after dismissal. Rehabs will open for former salespeople, and corporations will be required to pay them compensation for years spent in open-space offices where they were told: «If you didn't meet your KPI, you don't deserve love, lunch, health, or a roof over your head.»

#lifeinRussia #Camus #career #associations #acrisis #violence #neoliberalism #inequality #postindustrialsociety #market #Sisyphus #LaborandCapital #essay

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New Klondike? What Russian Marketplaces and Gold Mines Have in Common

Most participants in the Klondike Gold Rush died in poverty. But for some, this era still helped them get rich. For example, entrepreneur Levi Strauss, who created the legendary jeans. Their durable fabric and rivets in the corners of the pockets were made specifically to meet the needs of the prospectors. The winners were also saloon owners, equipment sellers, and food suppliers—in short, everyone who supported the work of the gold miners. So, the Russian consumer market in the last three years resembles such a Klondike. Only instead of searching for yellow metal, people are engaged in trading on marketplaces, which seem to be a new golden bottom of the Russian economy.

#Wildberries #Analytics #business #competition #marketplaces #inequality #parallelimport #Russia #market #sanctions

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«We are all mired here in thoughts of a better life». Report from a proletarian ghetto in the center of Moscow

In the center of Moscow, near Paveletsky Station, there is a kind of ghetto. In Soviet times, workers from other regions moved here, to Derbenevskaya Street — local factories needed them. Those factories have long since closed, but the workers still live in the local dormitory and communal apartments. Here they raised children, tried to build their lives in the capital, many began to abuse alcohol, and now they are waiting to be relocated under the renovation program.

#lifeinRussia #Moscow #inequality #aftertheUSSR #reportage #LaborandCapital

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