Not clear what happens if two people bid different amounts at the same time, or if 1000 people bid $5+ at the same time (does it just completely fill up the chat?)
Well, they DID take $1500 of cash to join the explorer program. At least they could make it easier for someone to use the hardware if they were going to abandon it.
I've heard several mentions of this over the years as one of the better use cases for devices. Sometimes it takes having a problem really close to your life to drive that devotion - I'm glad someone spent the time and effort to solving this.
indeed, per capita GDP is increasing, and the proceeds have not flowed proportionately to the workers...so it is a fallacy that we don't have enough goods to distribute, but it's a truth that those goods are relatively scarce/expensive to the workers......sucks.
For an average four-person family, a minimum 350kg of cabbages and 200kg of radishes are required during kimjang. A winter’s supply of the fermented cabbage dish also requires 3kg of garlic and 18kg of salt.
350kg/4people = 87.5kg/person
87.5kg/person / (0.25*365days in a season) = 0.96kg/person per day
That's actually quite a lot (granted I'm assuming the "season" is 1/4 of a year, and at that latitude it could be longer).
For the hell of it, that 200kg of radishes is another 0.55kg/person per day. ~3 pounds of low-caloric food per day might be plenty.
I've claimed a similar phenomenom before. Going back further, when there was much less content, even chain letters seemed awesome and hilarious (and worth keeping around). Now, in a post-buzzfeed world, I don't want any more junk food.
Hilariously, you can see older people (like your parents, if they aren't already savvy,) start to use the internet more, and enter the chain letter phase....then send them to you because omg they're amazing. Meanwhile, your hipster internet-consumer self tries to politely decline the second helping of cheap candy.
Filtration is the key - I mainly want healthy information, with the occasional disgusting treat :-)
There's a saying that goes something like: "Any idiot can build a bridge. It takes an engineer to build a bridge that is just strong enough to stand given the weight it's meant to bear".
A lot of older structural "engineering" was figuring out how much material was required, then multiplying it by 80 just in case.
This is definitely a valid problem for anything strongly driven by a network effect. If you buy your widget and pay for it, it's not a problem, but if the product is only cool when many people produce content on it, then it get many people by being free-at-first.
That sounds upper-middle if not upper class to me ;-)
Disposable income going into high-risk investments after securing an excellent education for 2 kids - if the rest of the middle class were so lucky, our entire next generation would be pretty well-positioned.
This definition is a bit leaky. For example, the executive who lives month to month live in a luxury penthouse "has" to work to pay his mortgage...but has the option to not pay that mortgage, save for a year (or two), stop working, and live off wealth. I wouldn't call someone with that option "working class".
This is true, but the developer in Palo Alto has the option to scale back her lifestyle and bank a lot of cash, whereas the developer in Arlington Heights will bank much less cash if he scales back his lifestyle.
Not arguing, just adding more "shape to that curve" :-)
Living in an area can be more than an emotional decision - for example, nearby family members might provide free childcare. Moving elsewhere would cause childcare to be a (large) financial burden.
A family on the edge doesn't always have the luxury to move.
The struggles of the poor ("poor" as defined by the original post) are not the same as the struggles of a fresh college grad.
Households on minimum wage are often paycheck to paycheck, and thus have no buffer with which to even find a roof in a new city, much less hunt for a job in a less-reliable industry.
Also, familial connections are not just purely for joy - they may provide some amount of free childcare that would become a financial burden after moving away.
Agree - and in addition, they may not have a 2-week buffer to find a new job even if it were available. They certainly aren't being flown in for interviews.
i also do about half of the list in the article. perhaps there are just different preferences...