In exchange for getting vaccinated, would you rather have a sure $100 or a chance at $1M? Could your business survive with 90% turnover every year? Merrill Lynch realizes cold calls don’t work.
Ohio’s $1 million vaccination lottery is a fascinating psychological experiment (The Washington Post)
West Virginia is offering $100 to get vaccinated while Ohio and California are holding lotteries. Behavioral economists, who normally run their experiments with a couple hundred undergrads, will have a field day over the next few years researching which incentives work over large populations.
Is there really a truck driver shortage? (Planet Money)
Annual turnover for long-haul truck drivers is 90%. Based on this story, that’s not a result of the pandemic, but the norm. It’s hard to believe that any business, much less an entire industry, survives operating like this.
Leave them alone: Merrill Lynch bans trainee cold calls (The Daily Upside)
The surprising thing is that a company like Merrill Lynch was still training their new brokers to cold call. I thought this died long ago. Based on this story, it looks like we’ll be solicited via our social media accounts instead.