📊 EV’s charts of the week #18

The global tech war, climate, and interesting jobs data
📊 EV’s charts of the week #18

Welcome to charts of the week. This is normally a member’s-only mailout but we are opening it to all recipients of the newsletter this week, as it is the sixth anniversary of Exponential View. Please forward this to your friends, or share on Twitter, Facebook & LinkedIn.

We are continuing our experiments on Clubhouse (join the Exponential View club there!). This Thursday at 6pm UK time, my colleagues Marija Gavrilov and Joseph Dana will speak with Matt Coquillion, a co-founder of the Africa digital remittance application Mama Money. The conversation will explore the latest in financial inclusion across Africa. If you’d like to contribute on the stage, drop an email to marija@exponentialview.co.

Over the weekend, we introduced the Exponential.Do community, a new service. If you are a Premium member, you can read the post, take a look here and apply to join.

Azeem

The geography of technology

China takes a lead

China shows signs of winning the global patent war according to research conducted by Japanese newspaper Nikkei. The US leads in terms of quality of research, but by volume and commitment China is eking ahead. Via Nikkei

UK’s tech scene doubles down

The size of the UK tech ecosystem is approaching $600bn, nearly tripling in four years despite Brexit and the pandemic. The value of British startups exceeds those in France and Germany combined.  Via Tech Nation

On the up

Europe's growth rate of unicorns (startups worth more than $1bn) is on an upward trend. Via Michael Jackson

Work and education

Turning back the clock

The economic shock of coronavirus lockdowns sent US female labour force participation (LFP) back 33 years, to levels not seen since the Iran-Contra affair in March of ‘87. By comparison, female LFP in the UK has barely moved a whisker. Via Fred

AI can create jobs

Another excellent Acemoglu et al paper finds “no discernible impact of AI exposure on employment or wages at the occupation or industry level, implying that AI is currently substituting for humans in a subset of tasks but it is not yet having detectable aggregate labour market consequences.”  Via Tariq Khatri

The correlation between degrees and longevity

While US life expectancy between racial lines is slowly narrowing, the life expectancy gap between those with a degree and without remains stubborn. Via Daniel Zamora Vargas

Can you hear me now?

Finding the right video software was anything but easy for the UK government last year. Some departments were barred from specific platforms as the lockdown evolved. Via Sam Cooper

Climate change

A grim milestone

Atmospheric CO2 is now 50% above pre-industrial levels. Via Carbon Brief

Coal on the way out

In one decade, 99% of shareholder value in coal evaporated. Incredible.Via Clark Williams-Derry

Two wheels are better than four

This follows nicely from my 2019 essay on the rise of micromobility: E-bikes are having a moment and they crush electric vehicle sales in Europe.Via FT

Record-setting growth

Electric vehicle manufacturers are multiplying, funded by generous capital markets. Their plans expose massively aggressive revenue targets, a selection shooting for $10bn in annual revenues within 2-6 years. Google took eight, Tesla more than 10. What would need to happen for these firms to hit those growth rates? Via WSJ

Picking up the slack

Germany’s flight from nuclear energy may go down as one of the worst wrong-turns in climate policy. Post-Fukushima, natural gas is picking up the slack. Via Bloomberg

The grab bag

Still risky

Bitcoin has often been uncorrelated with other risky assets, meaning it could form an effective hedge to their volatility despite its own flightiness. Since summer 2019, correlations with those risk asset classes have increased, reducing its utility as a hedge. Via Jeroen Blockland

The latest drop is a big one

Sneakerheads are driving big sales. Given all the time we spent on social media over the last year, it makes sense that viral sneakers are driving impressive sales. Via Second Measure

Art’s not dead

I wasn’t familiar with Artemisia Gentileschi but this map says I’m in the minority (at least in China and Australia). Via Art Supplies

The extended family

Which one is your favourite? Via Mark Pahlow

Endnote

Hope you liked this week’s Charts of the Week. If there is a good source of charts you think might help us improve this, let us know in the comments. We’ve got a pretty decent list of sources but always open to more.

Finally, if you or your firm want to sponsor this newsletter, please let us know. We’re backed up right now but happy to consider if we can.

Cheers,

Azeem

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