America’s Outdated-Folks Authorities: the Advantages and Risks

Hello, I am Matt Turner, the editor in chief of enterprise at Insider. Welcome again to Insider Weekly, a roundup of a few of our prime tales. 

On the agenda immediately:

However first: The US is now a gerontocracy. (If that time period is new to you, it is “a state, society, or group ruled by previous folks.”) A brand new four-month investigation from our politics crew seems on the disastrous impact it is having on American democracy. Deputy editor Dave Levinthal explains under.

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Contained in the US gerontocracy

Mitch McConnell, Nancy Pelosi, Donald Trump, and Joe Biden

Getty; Rebecca Zisser/Insider

Our elected officers are fairly previous. That is hardly information, deputy editor Dave Levinthal writes.

However our authorities has by no means been older than it’s immediately. And the hole between US leaders and people being led is traditionally vast — at a time when voters will quickly hit the polls for an additional election.

Insider’s new “Crimson, White, and Grey” undertaking explores the prices, advantages, and risks of life in a democracy helmed by these of superior age, the place problems with profound significance to the nation’s youth and future — know-how, civil rights, power, the setting — are largely within the fingers of these whose primes have handed. This is what we discovered:

  • Practically one in 4 members of Congress are of their 70s or 80s, with key leaders born earlier than or throughout World Conflict II. 
  • Virtually 50% of Individuals are below the age of 40, however solely about 5% of members of Congress are.
  • The mind of an 80-year-old is nearly definitely completely different than that of a 45-year-old, neuroscience tells us.

Plus, federal lawmakers equivalent to Alexandria Ocasio-Cortez, Lauren Boebert, and Jon Ossoff dished on why youth is a bonus in Washington, DC — and congressional staffers described the lengths to which they’ve gone to maintain aged lawmakers centered, engaged, and typically upright. 

You may learn extra of our key findings right here.

The rise of the ‘bait-and-switch’ job interview

A man with three different color masks floating in front of him with a primarily blue background

Tyler Le/Insider

Are you positive that new worker is similar particular person you interviewed? 

In line with recruiters, employers, and job candidates interviewed by Insider, an rising variety of candidates are using stand-ins to do their job interviews for them. Then, on the primary day of labor, the true candidate exhibits up instead of the stand-in — and will do not know what they’re doing.

How some candidates are dishonest the system.

Additionally learn:

Prime VCs choose essentially the most promising startups

Four VC's in the foreground with a blue and green background behind various sized dollar signs

Damir Becirovic/Index Ventures, Meera Clark/Redpoint Ventures, Morad Elhafed/Battery Enterprise, Amy Saper/ Accel, Tyler Le/Insiders

Need to know what VCs are maintaining a tally of this yr? Insider has you coated. Our tech crew spoke with prime enterprise capitalists to compile exhaustive lists of essentially the most promising startups spanning schooling, retail, well being, crypto, and extra. Have a look:

Some wedding ceremony distributors are turning on The Knot

Crumbling wedding cake with bride and groom toppers falling on pink background 4x3

Shutterstock; Rachel Mendelson/Insider

The Knot guarantees to stroll {couples} by means of “each a part of planning,” whereas getting companies “in entrance of 13 million {couples},” its website says. However The Knot is within the enterprise of promoting adverts, not producing outcomes, and a few firms are questioning the worth of itemizing on the positioning.

A number of enterprise house owners advised Insider they weren’t getting a return on their investments and have been able to take their advert {dollars} elsewhere — a shift that would dethrone a behemoth of the $3 billion nuptials trade.

Why The Knot is shedding its dominance.

Distant work is killing Florida as a retirement paradise

Florida retirement

Rebecca Zisser/Insider

With heat temperatures and low residing prices, Florida has been a haven for retirees for many years. However between April 2020 and April 2021, greater than 300,000 folks moved to the state, making it the highest vacation spot for folks relocating states in the course of the first yr of the pandemic.

Now, rising residence costs — pushed partly by the inflow of distant employees — are threatening America’s retirement dream, and retirees are feeling the squeeze. 

What’s taking place in Florida.

This week’s quote:

“After greater than two months of browbeating, exhaustion, and a tireless sojourn to make my bosses joyful whereas bingeing approach an excessive amount of caffeine, I used to be able to stroll away and provides all of it up.”

Extra of this week’s prime reads:

Plus: Keep up to date on the most recent enterprise information all through your weekdays by testing The Refresh from Insider, a dynamic audio information transient from the Insider newsroom. Pay attention right here tomorrow.

Curated by Matt Turner. Edited by Jordan Parker Erb and Lisa Ryan. Join extra Insider newsletters right here.

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