The Rolling Stones are just now embarking on their new “50 & Counting” tour, named for the number of years they’ve been a band. That’s newsworthy in its own right, but they’re also making headlines for the record-setting price of tickets to their shows. The specific prices vary by city, but range between $150 for the cheap seats to $600 for the good ones. That may seem outrageous to anyone who paid $10 to see them 30 years ago, but that’s supply and demand for you — there are only four Rolling Stones, they come as a package deal, and they can pretty much set their own price.
Just a few minutes after reading about that example of capitalism at work, I read a Yahoo! Finance article titled Hottest Job of the 21st Century? Bet on This. It makes the case that data scientists are the new rock stars of the corporate world, and cites a May 2013 McKinsey study that estimates that by 2018 the U.S.… Read the rest