Unions do not help everyone. Unions often impose artificially high labor costs, which results in a lower amount of jobs being created. The real impact soon becomes apparent when companies start to lay off those union employees because their margins are slim and they try to automate as much as possible, instead of hiring people to do the job.
If the rich are not consuming in proportion to what they have, then what do they do with their money? Right, they invest it. And what does that investment create? Jobs, factories, lower costs, and new opportunities for all. The fact that someone was able to accumulate wealth shows that they know how to use it to generate a return. For the economy in general, it is much more beneficial to have people with skin in the game to invest their own money, instead of the government wasting it in bureaucracy.
Neflix revenue went from 4.3b in 2013 to 31b in 2022. Astounding success by any measure. That means they are doing something right, including their talent strategy. "garbage" is subjective. Neflix employees are likely paid bonuses on views / subscriptions generated, which from their revenues looks like they know how to hit.
Thanks, Darren. Would you like to get a personal demo, just drop an email to [email protected]? We've looked into Aylien and other competitors and I believe we are on par and actually better on some aspects. Would be glad to answer the questions, if you'll have any.
Businesses which rely on Facebook, as their sole distribution channel could get out of business if Facebook goes out. A lot of economical value will be lost.
Uber serves millions of customers around the world by providing lower prices and better service, something that is not matched by taxi cabs or any similar services. Calling businesses that create so much value parasitic is a way of comparison.
Anecdotally, I have taken a trip from London to Heathrow airport 2 times, one time with a taxi cab and the other time with Uber. Uber cost two times less, and the service was on the same level or better.
Once the attack goal is achieved the Ethereum value will go to zero. It does not make sense to do this by buying coins, but potentially hackers could get control of such big amount of coins by hacking exchanges, thus bringing whole system to collapse. Similar scenario as in Mr. Robot.
The essay is just a collection of incorrect notions pushed all over the place by the intellectuals and media. The author failed to even try to look himself on the real data and went with templates that were proven wrong again and again.
Few points:
1. "The rich are getting richer and the poor are getting poorer." - author does not understand the difference between statistical categories and real flesh and blood people. If he did, he would have known that real people move between statistical categories over time, which makes absolute sense: you start career with no experience and debt to pay if you have a college degree, then over years you gain skills that allow you to get better pay. There is no "rich" and "poor" when judging statistical categories, because in this sense there always be newly graduated people starting their careers at lower payed jobs. That's how the world works, you can't get Staff Software Engineer position in Google without proving that you're at least have skill for Junior.
2. "Most people don't have the safety net or mental bandwidth to even consider entrepreneurship." - Entrepreneurship is tough and definitely not for all. But, not having money at first was never a problem. Reading some history of big companies you may see that they often started on campus or in garage. Therefore main prerequisite is mental toughness, and building of something people want.
3. "It's less a tutorial or analysis and more a thinly veiled attempt to ease concerns about wealth inequality." - PG correctly pointed out that individuals become wealthy by creating giant amount of new wealth and then capturing some small part of it. For example Amazon, you use it everyday, it has the best pricing, so get immense value from it. Bezos captures some part of the value that Amazon created for all consumers.
4. "basic needs" - It's often a tactic of demagogues to hide behind undefined terms to push their vision. Having a fridge or microwave is a basic need? Is having a car or 2 cars also a basic need? Both of these would have been considered luxuries 50 years ago, and still people were living without them. The point is that setting arbitrary standards imposed by third-parties is not basic needs. In this case, you could define anything as basic need and always have 15-20% of people that don't meet your arbitrary standard.
5. "a small minority of people" - And again, PG provided an approach that will work for every individual. If you create something immensely valuable, and capture some small fraction of it, you get rich. If you do not create, then you don't become rich. But, that is not the problem of society that you yourself did not create anything.
As is usual with such types of articles, the author positions himself on some moral high ground. He claims that his aim is to help the poor, but since the author did not create big amount of wealth and he could not donate large sums to philantropy (which wealth individuals do a lot), then the only approach is to steal money from people who created it with hard work, and give to people who did not work, did not create wealth and likely will never do.
It is absolutely possible to be not paid at all. The minimum wage law mandates salary ~$22k, but the real minimum wage is always zero. Many businesses will decide to hire less instead of hiring employees for higher rates than free market could propose. Hence the differences in unemployment levels among youth especially: ~20% in France, ~9% in US.
That is false. Example: unemployment rate of youth in Spain for 2019 was 32.9%, the rate for same period in US was around 9%. Similar situation in other Northern Europe countries, with high unemployment rate especially among youth, as they are the most vulnerable to minimum wage laws which limit their ability to acquire skills and experience needed to move to higher paying jobs.
I got 7.9 for beauty index which was pretty surprising. I wonder what is the exact average over the whole sample? And who got the 8+ marks? The distribution would definitely be interesting to see.
Hi all, this is the side project that I am currently working on. Datanews Monitoring API gathers hundreds of thousands news articles per day and allows you to easily monitor them for keywords you are interested in. Essentially, I see several main use cases here, such as keyword tracking, discovering new trends, gathering general statistics about news segments of interest (e.g. finding stats about authors), collecting large amount of news articles for data analysis or ML training. The retrieved articles also contain all metadata with them, like url, description, title, authors, image url, etc. There is also a client library for it, so you could get a grasp of the API in several lines of code. I would appreciate any comments/suggestions/problems about the service or maybe about a problem you have, that this service could probably help you in solving. Thank you!
https://news.ycombinator.com/item?id=41939318