Our authorities has by no means been older than it’s in the present day. Listed below are the prices, advantages, and risks of a US led by previous 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 prime tales.


On the agenda in the present day:

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 individuals.”) A brand new four-month investigation from our politics staff appears to be like 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 previous. That is hardly information, deputy editor Dave Levinthal writes.

However our authorities has by no means been older than it’s in the present day. 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 “Pink, White, and Grey” venture 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, vitality, the setting — are largely within the fingers of these whose primes have handed. This 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 Warfare II.
  • Virtually 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 nearly definitely totally different than that of a 45-year-old, neuroscience tells us.

Plus, federal lawmakers resembling 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 possibly can 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 in the present day. Listed below are the prices, advantages, and risks of a US led by previous individuals.
Tyler Le/Insider

Are you certain that new worker is identical particular person you interviewed?

In line 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 exhibits 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 drawback is ‘quiet firing.’

Prime 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

Need to know what VCs are maintaining a tally of this 12 months? Insider has you coated. Our tech staff spoke with prime 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} by means of “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 advertisements, 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 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

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 in the course of 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 comfortable 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 season from hell.

Extra of this week’s prime reads:

  • This is the whole lot that can occur throughout Queen Elizabeth II’s funeral tomorrow.
  • Analysts predict the eight corporations Amazon, Google, or Microsoft might purchase subsequent.
  • An Airbnb host shares the instruments he makes use of to herald $475,000 in income every month.
  • These 20 jobs might 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 received an inside have a look at the financial institution’s annual efficiency evaluate.
  • Fed up with excessive gasoline costs and sluggish Amazon deliveries? Two century-old legal guidelines may very well 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 trying out 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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