America’s Previous-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 high 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 (If that time period is new to you, it is “a state, society, or group ruled by outdated individuals.”) A brand new four-month investigation from our politics crew appears 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Our elected officers are fairly outdated. 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 extensive — at a time when voters will quickly hit the polls for one more election.

Insider’s new “Crimson, 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 — know-how, civil rights, vitality, the setting — are largely within the arms of these whose primes have handed. Here 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 Struggle II. 
  • Nearly 50% of People are below 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 similar 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 generally upright. 

You possibly can 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 identical particular person you interviewed? 

Based on 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 actual candidate exhibits up rather than the stand-in — and will do not know what they’re doing.

How some candidates are dishonest the system.

Additionally learn:

High VCs choose probably 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

Wish to know what VCs are keeping track of this 12 months? Insider has you coated. Our tech crew 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

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

Shutterstock; Rachel Mendelson/Insider

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

A number of enterprise house owners informed Insider they weren’t getting a return on their investments and had been able to take their advert {dollars} elsewhere — a shift that might 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 individuals moved to the state, making it the highest vacation spot for individuals relocating states through the first 12 months of the pandemic.

Now, rising house costs — pushed partially by the inflow of distant staff — 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 comfortable whereas bingeing method an excessive amount of caffeine, I used to be able to stroll away and provides all of it up.”

Extra of this week’s high 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. 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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