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

Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories. 

On the agenda today:

But first: The US is now a gerontocracy. (If that term is new to you, it's "a state, society, or group governed by old people.") A new four-month investigation from our politics team looks at the disastrous effect it's having on American democracy. Deputy editor Dave Levinthal explains below.

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Inside the US gerontocracy

Mitch McConnell, Nancy Pelosi, Donald Trump, and Joe Biden

Our elected officials are pretty old. That's hardly news, deputy editor Dave Levinthal writes.

But our government has never been older than it is today. And the gap between US leaders and those being led is historically wide — at a time when voters will soon hit the polls for another election.

Insider's new "Red, White, and Gray" project explores the costs, benefits, and dangers of life in a democracy helmed by those of advanced age, where issues of profound importance to the nation's youth and future — technology, civil rights, energy, the environment — are largely in the hands of those whose primes have passed. Here's what we found:

  • Nearly one in four members of Congress are in their 70s or 80s, with key leaders born before or during World War II. 
  • Almost 50% of Americans are under the age of 40, but only about 5% of members of Congress are.
  • The brain of an 80-year-old is almost certainly different than that of a 45-year-old, neuroscience tells us.

Plus, federal lawmakers such as Alexandria Ocasio-Cortez, Lauren Boebert, and Jon Ossoff dished on why youth is an advantage in Washington, DC — and congressional staffers described the lengths to which they've gone to keep aged lawmakers focused, engaged, and sometimes upright. 

You can read more of our key findings 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

Are you sure that new employee is the same person you interviewed? 

According to recruiters, employers, and job applicants interviewed by Insider, an increasing number of candidates are employing stand-ins to do their job interviews for them. Then, on the first day of work, the real candidate shows up in place of the stand-in — and may have no idea what they're doing.

How some applicants are cheating the system.

Also read:

Top VCs pick the most promising startups

Four VC's in the foreground with a blue and green background behind various sized dollar signs

Want to know what VCs are keeping an eye on this year? Insider has you covered. Our tech team spoke with top venture capitalists to compile exhaustive lists of the most promising startups spanning education, retail, health, crypto, and more. Take a look:

Some wedding vendors are turning on The Knot

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

The Knot promises to walk couples through "every part of planning," while getting businesses "in front of 13 million couples," its site says. But The Knot is in the business of selling ads, not producing results, and some companies are questioning the value of listing on the site.

Several business owners told Insider they weren't getting a return on their investments and were ready to take their ad dollars elsewhere — a shift that could dethrone a behemoth of the $ 3 billion nuptials industry.

Why The Knot is losing its dominance.

Remote work is killing Florida as a retirement paradise

Florida retirement

With warm temperatures and low living costs, Florida has been a haven for retirees for decades. But between April 2020 and April 2021, more than 300,000 people moved to the state, making it the top destination for people relocating states during the first year of the pandemic.

Now, rising home prices — driven in part by the influx of remote workers — are threatening America's retirement dream, and retirees are feeling the squeeze. 

What's happening in Florida.

This week's quote:

"After more than two months of browbeating, exhaustion, and a tireless sojourn to make my bosses happy while bingeing way too much caffeine, I was ready to walk away and give it all up."

More of this week's top reads:

Plus: Stay updated on the latest business news throughout your weekdays by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here tomorrow.

Curated by Matt Turner. Edited by Jordan Parker Erb and Lisa Ryan. Sign up for more Insider newsletters here.

Read the original article on Business Insider


Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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