Small Business Labs

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The United Nation Reports There are 4.9 Billion Internet Users

Small Business Labs

The UN’s International Telecommunication Union (ITU) estimates that 4.9 billion people are using the Internet in 2021 , which is about 63% of the world's population. This, of course, means about 37% of the world's population are not Internet users, and not surprisingly, most of these folks are in developing countries.   Key quote from the Washington Post's 1 in 3 people around the world have never used the Internet, a U.N. report estimates : " across the U.N.’s 46 lea

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What are DAOs (Decentralized Autonomous Organizations)? And Why You Should Care.

Small Business Labs

The simplest way to describe DAOs - distributed autonomous organizations - is they're online communities owned and controlled by their members.    The basics are a group of people with a common goal get together online, pool their resources and collectively attempt to accomplish the goal. Think of them as online co-ops. But unlike traditional co-ops, DAOs are governed by smart contracts ((collections of computer code) that define the DAO's operating rules.  These&

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Good Morning America on Side Hustles

Small Business Labs

Good Morning America had an excellent segment on gig economy side hustles this morning (see the video below). It focused on women and side gigs, but they hit on the main reasons both men and women get side jobs - they provide a flexible way to supplement their income and earn money in response to a financial shock. We also liked the end of the segment when the announcers talked about the side gigs they've done.

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The Anti-Work Movement and the Surge in Self-Employment

Small Business Labs

The antiwork movement (also referred to as the post-work movement) is getting much attention these days.   This attention has been spurred by the growth of  Reddit's/antiwork forum , which has over 900,000 members - who are called "idlers" on Reddit.  According to Reddit, the forum is for: " those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on antiwork ideas and want personal help

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Moment House and the Blending of Social Media and Digital Entertainment Experiences

Small Business Labs

Moment House is a live streaming, interactive social media platform for digital entertainment. Newly launched in 2020, Moment House has produced over 700 concerts, called “moments,” selling one million tickets through its platform. Each unique digital experience can generate tens of thousands or hundreds of thousands of dollars in revenue for creators who can reach audience members from all over the world.

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America's Growing Diversity

Small Business Labs

According to the 2020 census, between 2010 and 2020 the white population in America declined  by 5.1 million.   And as the chart below (click to enlarge) nicely illustrates, all of America's population growth in the past decade came from people of color.   The chart comes from Brookings' New 2020 census results show increased diversity countering decade-long declines in America’s white and youth populations.  The article point out that white population

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How the Pandemic Changed the Way Americans Spent Their Time

Small Business Labs

The New York Times article More phone calls, less shopping: how the pandemic changed American lives, down to the minute examines data from the American Time Use survey to show the changes in how Americans spent their time last year.   The article charts below (click to enlarge) shows the biggest winners and losers, timewise.  The key change from 2019 is that during the second half of 2020, Americans spent ten waking hours a day at home.

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