This seems true, although US academics at the top of their fields often earn multiples of their university salary each year through consulting, boards, speeches, startup equity, etc.

Much worse environmental impacts, but also far fewer lives lost per pound of meat

In general, it’s not uncommon for finance ministers or central bank governors to spend a portion of their careers in senior roles in the private sector.

Fwiw I don‘t think his aim with that post was to defend Kalshi or Coinbase specifically. (He has a long-running disagreement with RDP on the extent to which it’s appropriate for senior officials in Democratic administrations to go on to work at large companies.)
open.substack.com/pub/matthewy...

In my experience there’s a noticeable difference between an NYC doorman and a front desk attendant at buildings in other cities (guy in a suit who has worked in the same building for years and knows many residents by name vs guy in casual attire who might scroll on TikTok between package pickups)

Having a 24/7 doorman for a building that size does seem like a pretty dubious value proposition. (My building is about 200 units and our front desk is staffed 90 hours a week. About $180 per unit per month in payroll and benefits, counting the janitorial service contract but not any of the others.)

That’s like $200 to $250 per unit per month in payroll and benefits, right?

That helps—I admit that my reading was much closer to the latter, but I guess in theory maybe he means something closer to the former

I listened to the episode a couple days ago and did not come away with the impression that Klein or Zakaria thought Trump was a pretty solid president until recent days/weeks (but maybe I didn’t listen carefully enough)

Real wage growth has been lowest near the top. (Otoh, the housing CPI has generally grown more slowly in major coastal metros than elsewhere, notwithstanding rent spikes in places like Manhattan.)

Maryland drivers in DC are more likely to be commuting to work than Virginian drivers in DC

Great job confirming the backstory. (Edgar May, who owned the building from 1972 until he passed away in 2015, is survived by two children now in their late 50s, one of whom briefly owned the building after he died.)

Yeah I agree the families who send their kids to private school are unlikely to reduce their nanny’s hours. But 57% of NYC kids ages 5 to 9 with family income of $400k or above attend public schools (city, not metro area)

Presumably a nontrivial share of NYC families with nannies would consider switching their schedules from full-time to part-time (after school only) if free pre-K becomes available in their neighborhood and they have no kids under the age of three at home?

It doesn’t look quite as bad after taking into account home prices and income trends
www.datawrapper.de/_/BgFWo/

Good temperature for tenderloin, but for ribeye, I prefer something closer to 135

Yeah it was a huge topic on X. Dozens of tweets with 10K+ likes and 1K+ replies/quotes/retweets.

libertystreeteconomics.newyorkfed.org/2025/04/is-c...

They want to trick you into thinking it’s a land airplane and not a bus. That’s why the AA website unambiguously and in very legible text says it’s a bus ride.

[insert joke reply here about how my family members in the DPRK frequently use LLMs to solve logistical problems in the autocracy, followed by “just kidding”]

Very good call (the Italian Store peppers are the weakest element of their otherwise great sandwiches)

Comprises vs comprised of

Very different vibes. (I finished The Dark Is Rising and enjoyed it, but got bored of Harry Potter after the first few books.)

This is one of his recurring bits. From August 2022:

Italian and Pizza are my favorites. Their hot peppers are solid. The cookies are also great.

For many years that location closed at 7:00 p.m. on weekdays and 5:00 p.m. on weekends. Likely thanks to increased housing supply in the neighborhood, that location no longer focuses on the office crowd and is now open until 9:00 p.m. seven days a week