1 karma · joined August 10, 2026
You can argue the accuracy of the numbers or estimates, but my understanding it is just supposed to take into account long-term discouraged workers, which you can decide whether they matter or not, which are not reflected in official numbers since 1994 according to SGS.
> This is the central banker’s version of twiddling the bath taps, but on a national scale. It requires a delicate touch. Too much cold water, in the form of higher rates, will choke off demand and hence jobs. Too much hot, and rising inflation will eat away at people’s spending power. The aim is to find the perfect temperature, where employment is as high as it can be while inflation stays subdued.
> It is as if the rate-setters must adjust the flow of hot and cold water not only without knowing what temperature is most comfortable, but also without knowing how hot the bath is to begin with—or when they will be getting in.
Reading this, you'd swear we were living in a communist society where academics and policy makers are smart enough to centrally plan the economy and to guess what the price of the most important thing in our civilization should be - money.
Compared to a Rails, Django, Express.js, or any similar more-traditional framework that does server-side rendering with HTML templates, a little bit of JS and AJAX sprinkled in, SPA apps with frameworks like React are significantly more complex and requires more specialized knowledge on the frontend. I'm just starting to dive into React and Redux, and the amount of jargon and complexity is mind-blowing. All to solve the complexities of what? Bigco's massive bloated app with thousands of developers working on it?
I agree, I just don't think it's as much about cost as you might think (or as I used to think). Profitable companies can afford office space.
I feel like at some point (around the turn of the century ~2000) it was cool to be open office, if you weren't you were uncool, and the latest hipster generation didn't want to work for you.
I think things are changing though, and people are seeing past the latest fad of what people today call "open office." It just takes a while for the general-pop wisdom to change. Nobody's ever been fired for building open office, during this latest phase.
Because probably only larger companies (very difficult for startups to innovate here!) can actually afford individual offices, and it's not exactly trivial to re-arrange, I think it just takes a long time for the conventional wisdom to change.
I think if Theranos hadn’t gone all-in on its fraud it still could have had an impact. One area was that it was actually pushing to change laws (I know it did this in Arizona) to give individual control over blood testing instead of requiring people to go through doctors and corporations. Another area was price transparency. Much like the Surgery Center of Oklahoma (https://surgerycenterok.com), it was listing all the prices for its tests right there on its website. These 2 things alone would be a major advancement in the US. Forget the mini blood tubes.
I would say my experience was pretty positive, I would consider doing something like this again for the right use case. It saved a lot of back-and-forth queries between the app and database and allowed the logic in the app to be much more simple than it otherwise would have been, but at the cost of insert throughput into the triggered tables.
If you are at all considering this route, I would recommend the excellent project, pgtap, for testing: https://pgtap.org/
I used pgtap, along with the cli utility, pgprove, to run tests.
Having spent more than a few years in FinTech, I know these things can vary from company to company as companies generally are required to design their own “risk-based” policies for AML and KYC.
How is this backstabbing? Nobody is owned by their employer for life. People change jobs and bring customers with them to their new employer in all types of industries.
I must be misunderstanding something, this is how any free/mixed economy works, including in Canada and US. You may make the property owner an offer at anytime, and the owner sets the price by either accepting or rejecting an offer. The problem is the buyer can't just do anything with the property (like subdivide/build apartments) due to zoning laws.