Our authorities has by no means been older than it’s at the moment. Listed here are the prices, advantages, and risks of a US led by outdated individuals.

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 high tales.


On the agenda at the moment:

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 (If that time period is new to you, it is “a state, society, or group ruled by outdated individuals.”) A brand new four-month investigation from our politics workforce seems to be 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

Our elected officers are fairly outdated.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

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

Insider’s new “Purple, White, and Grey” challenge 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 — expertise, civil rights, power, the atmosphere — are largely within the palms of these whose primes have handed. Here is what we discovered:

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

Plus, federal lawmakers corresponding 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’ll be able to learn extra of our key findings right here.


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

Our authorities has by no means been older than it’s at the moment. Listed here are the prices, advantages, and risks of a US led by outdated individuals.
Tyler Le/Insider

Are you certain that new worker is identical individual you interviewed?

In keeping with recruiters, employers, and job candidates interviewed by Insider, an growing variety of candidates are using stand-ins to do their job interviews for them. Then, on the primary day of labor, the true candidate reveals up rather than the stand-in — and will don’t know what they’re doing.

How some candidates are dishonest the system.

Additionally learn:

  • Neglect ‘quiet quitting.’ The true downside is ‘quiet firing.’

High VCs decide probably the most promising startups

Our government has never been older than it is today. Here are the costs, benefits, and dangers of a US led by old people.
Damir Becirovic/Index Ventures, Meera Clark/Redpoint Ventures, Morad Elhafed/Battery Enterprise, Amy Saper/ Accel, Tyler Le/Insiders

Wish to know what VCs are maintaining a tally of this 12 months? Insider has you coated. Our tech workforce spoke with high enterprise capitalists to compile exhaustive lists of probably the most promising startups spanning schooling, retail, well being, crypto, and extra. Have a look:


Some marriage ceremony distributors are turning on The Knot

Our government has never been older than it is today. Here are the costs, benefits, and dangers of a US led by old people.
Shutterstock; Rachel Mendelson/Insider

The Knot guarantees to stroll {couples} via “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 advertisements, not producing outcomes, and a few firms are questioning the worth of itemizing on the positioning.

A number of enterprise homeowners informed 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 business.

Why The Knot is dropping its dominance.


Distant work is killing Florida as a retirement paradise

Our government has never been older than it is today. Here are the costs, benefits, and dangers of a US led by old people.
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 individuals moved to the state, making it the highest vacation spot for individuals relocating states throughout the first 12 months of the pandemic.

Now, rising dwelling costs — pushed partially 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 glad whereas bingeing approach an excessive amount of caffeine, I used to be able to stroll away and provides all of it up.”

  • An investment-banking intern on his Wall Road summer time from hell.

Extra of this week’s high reads:

  • Here is all the pieces that can occur throughout Queen Elizabeth II’s funeral tomorrow.
  • Analysts predict the eight firms Amazon, Google, or Microsoft might purchase subsequent.
  • An Airbnb host shares the instruments he makes use of to usher in $475,000 in income every month.
  • These 20 jobs could disappear within the US over the following decade.
  • Meet the ten leaders shaping BlackRock’s new digital-assets technique.
  • With Goldman Sachs layoffs across the nook, we obtained an inside take a look at the financial institution’s annual efficiency evaluation.
  • Fed up with excessive gasoline costs and gradual Amazon deliveries? Two century-old legal guidelines could possibly be accountable.
  • Googlers who used to work at Amazon are sharing horror tales about their former employer’s “frupid” tradition.

Plus: Keep up to date on the newest enterprise information all through your weekdays by testing The Refresh from Insider, a dynamic audio information transient from the Insider newsroom. Hear 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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