medvezhenok

9 ms·

91.
by medvezhenok 3y ago
No, the solution that will be implemented is likely to be write-from-scratch. Ultimately, you can start a new bank with new technology, move clients money to new technology, have the old bank go belly-up and bankrupt. Sometimes that happens
92.
by medvezhenok 3y ago
Fraud is fraud, so it does matter. Same way that SBF is still going to jail even if the people with money in FTX get their money back (via crypto rising again / the AI investment). The real people harmed were the Canadians trying to st
93.
by medvezhenok 3y ago
There is a difference between de jure and de facto. Defacto, going 61mph in a 60 is legal practically everywhere. De jure, it's not (the law is on the books). Same as jaywalking. It's more of a law to pass responsibility in an acc
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by medvezhenok 3y ago
The oldest boomers (born 1945) have not turned 80 yet. The medical problems still lie ahead. Majority of healthcare spend is in the last 5-10 years of life.
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by medvezhenok 3y ago
Just like the dating markets, a small shift at the margins can influence the culture quite a lot. You would not think that there would be much difference between a city with a 50-50 gender ratio and 52-48 (theoretically). But if you assumed
96.
by medvezhenok 3y ago
You just have to turn off the money printer and watch the tech money dry up (What we’re seeing now)
97.
by medvezhenok 3y ago
Yes and no. When you look at populations, it averages out, but there are definitely 10x teachers out there. It’s more of a function of teacher+student combination. The problem is actually more about the structure of schools that limits what
98.
by medvezhenok 3y ago
Umm, that chart is 10 years out of date - it ends in 2015; the beginning of the social media era. The current teen suicide rate is ~62 / 100K, which is just about double (or triple!) the last value in that chart. And is also an anomaly
99.
by medvezhenok 3y ago
It's not about employers in this case. If we think being a truck driver is an important job we can subsidize truck drivers federally, via taxes. At the end of the day, society (in the form of government regulation) gets to decide what
100.
by medvezhenok 3y ago
Yeah, that's either out of date or only counts people that report their title as "Computer Programmer" rather than "Software Engineer" or one of the myriad of other ways to describe people who develop/maintain
101.
by medvezhenok 3y ago
This is the approach Singapore (and in some ways, Hong Kong) takes; you can own a car, but you must purchase a 10-year use permit, which costs in some cases much more than a car itself (something like $80,000 over 10 years). So if you'
102.
by medvezhenok 3y ago
More jobs can always be invented/created in the name of safety. More regulators, more regulations, more psychological councilors, more child protection specialists, more DEI councilors, more lawyers for more lawsuits, more military div
103.
by medvezhenok 3y ago
On the contrary, the prevalence of mental illness and other issues in the population is much higher than 1 in 500 (probably 10x that rate, at least), so while you think this number is high, I don't think it's crazy at all. Many of
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by medvezhenok 3y ago
Down for me as well.
105.
by medvezhenok 3y ago
The rich were willing to accept the taxes at the time because of fear of communism (there was a strong communist movement in the U.S., and they had seen the communists expropriate (a.k.a. strip people of) private property in Russia in 1917
106.
by medvezhenok 3y ago
California could lower their income tax rate if they stopped subsidizing older homeowners via prop 13. There are people that pay like $1,000 a year (in property tax) living in million dollar homes. In Texas, they would be paying $25,000 &#x
107.
by medvezhenok 3y ago
I agree with you that the best thing to do is to relax the regulations for building (and permitting, etc etc). I was talking about fallbacks when building is not an option (either politically or because of a labor shortage or otherwise). &q
108.
by medvezhenok 3y ago
Nationwide rent control. We've done it once before (World War 2 - in that case it was even retroactive, so you couldn't hike rents in anticipation), and it increased homeownership rate by the highest rate in the 20th century (some
109.
by medvezhenok 3y ago
The fact that foreign state actors employ disinformation tactics (and employ people to that end) is not a lie - it was known during Soviet Union times and is known today. The details of the Russian influence operation are irrelevant to the
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by medvezhenok 3y ago
I can't find the exact article I read it in at the moment, but ChatGPT was definitely a turning point where a bunch of people reeled in their predictions by a decade. (The median expert prediction was between 2040-2060 previously, now
111.
by medvezhenok 3y ago
Not many people, even experts, predicted the success of ChatGPT even five years ago - and most have moved their timeline for AGI up significantly because of its release. AI is a hard field to make predictions in.
112.
by medvezhenok 3y ago
The reason people follow Musk is that even though he over-promises and under-delivers; the under-delivered product is still better than the alternatives (or at least was for a while). People are not complete fools and can learn to discount
113.
by medvezhenok 3y ago
The deep Twitter cuts were a prime example of number of employees / productivity being orthogonal metrics. Sure, they lost a lot of advertisers and suffered some technical issues because of the transition, but it wasn't nearly as
114.
by medvezhenok 3y ago
I think the more defensible statement would be that in the long run, the engineer would end up at $15m/hr. Even that is not a guarantee, since burger flippers and engineers are not interchangeable. This analysis is missing huge path de
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by medvezhenok 3y ago
There has to be enough excess profit in an industry in order for a worker shortage to force the wages up. North eastern crab fisheries are likely not profitable enough (due to market rate for their products, or whatever it is), so they will
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by medvezhenok 3y ago
We are also in the class that's driving housing prices up (via geographic arbitrage) and pricing out a lot of forced in-person workers (who actually live "far away" as you said, and not in the city center). And that does bree
117.
by medvezhenok 3y ago
I'm assuming it's referring to Lee Kuan Yew, first premier of Singapore: https://mothership.sg/2017/11/lee-kuan-yew-singapore-airline...
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by medvezhenok 3y ago
You sure you didn't tack on an extra zero there? 700x10x12 = 84K, not 840K.
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by medvezhenok 3y ago
You used deficit the first time, debt the second. The deficit is currently around 2 trillion dollars, so Bezos' wealth is around 7.5% of the deficit (if it were fully liquid, which it's not).
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by medvezhenok 3y ago
Unions are like sysadmins - if they are doing their job well, it looks like they're not necessary at all :) They are like the large looking bouncer at the door of a club, who make patrons (businesses) behave themselves. So GP's co

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