Saturday, July 31, 2010

Got the iPhone 4, and Labor Mobility

I got a 16GB iPhone 4 yesterday from M1 in Singapore. Although economically I'd be better off selling it on eBay, I'm keeping it. There's undoubtedly some attenuation and detuning when touching an iPhone 4, and it's way too fragile and demands a case anyway, but otherwise Apple did well.

Changing the subject, normally in a recession (especially a deep one) many people in the labor force relocate to areas with better job opportunities. U.S. workers may not necessarily pack up and move to, say, Singapore, but enough of them move to help the labor market adjust. That isn't happening in the current Great Recession, and the lack of labor force mobility is a major concern because it means the economic downturn will be more prolonged and more harsh than otherwise. The apparent reasons why people are not moving are myriad and probably include recent trends toward home "ownership" rather than renting (a trend I never understood), record numbers of home buyers who are "underwater" (owe more to the banks than their homes are now worth), and the fact that there are no particularly "hot" employment areas in the U.S. right now. (There are only "less cold" ones.)

Sunday, July 04, 2010

Buying a Defective Product

The iPhone 4 hasn't quite arrived in Singapore yet, although all three of the local mobile carriers are requesting e-mail addresses from people who might be interested in buying one. Unfortunately the iPhone 4 has some problems with its antenna design. AnandTech has some terrific original research documenting the problem, a problem which Apple's software update will not fix.



But I might still buy one.