I think any metric (e.g. GDP) that reduces this multidimensional situation to "mostly irrelevant" is probably saying more about the metric than about the reality on the ground.
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(email:demetri.spanos@gmail.com)
I think any metric (e.g. GDP) that reduces this multidimensional situation to "mostly irrelevant" is probably saying more about the metric than about the reality on the ground.
I'm not saying this is necessarily true, but it seems like a major problem with K-H as a concept that I personally don't see discussed (I imagine it is discussed in academic journals somewhere).
1) due to population effects, academic positions are much more competitive now than they were in say 1970; if you figure that the top 50 research universities are not generally expanding the number of professors, and that new professors generally also come from those top 50 research universities, then on average a top-50-research-university professor will generate one new such professor in a career, despite having 10-100x as many graduate students (this was different in the 70s when the university system was rapidly expanding).
2) the increasing desire for fairness in hiring and promotion (by itself, a good thing) means that you need to be able to resolve hiring and promotion disputes with something both objective and external to the university (in the same way some undergraduate institutions put more admissions weight on external and objective metrics like standardized tests compared to more easily game-able internal metrics like high school class grades)
https://jacobinmag.com/2019/12/otto-von-bismarck-germany-soc...
and from a US-centerish perspective here
https://www.smithsonianmag.com/history/bismarck-tried-end-so...
My personal style is bottom up, maximally direct code, aiming for monolithic modules under 10kloc, combined with module coupling over very narrow interfaces. Generally the narrow interfaces emerge from finding the "natural grain" of the module after writing it, not from some a priori top-down idea of how the communication pathways should be shaped.
Edit: an example of a narrow interface might be having a 10kloc quantitative trading strategy module that communicates with some larger system only by reading off a queue of things that might need to be traded, and writing to a queue of desired actions.
As for status not being lowered by words, we'll have to agree to disagree. No one in practice (in the US) calls medical school "vocational school" precisely because it is a phrase associated with lower status work in the trades.
If $2/hr vs $10/hr is indeed the thing preventing repair being economical , that seems like it can be fixed with a mixture of incentives, apprenticeship contracts, and elevating the social status of "vocational education" (the name exists IMO only to serve as status-lowering). Or if not one of those, then some other untried thing.
Edit: as sibling comments mention, if in fact the main limitation is not labor prices but exclusive-supply agreements for certain consumable parts, then this seems easily within the scope of Antitrust to address.
Appraisal is very difficult to do well, and different appraisers have different ideas about market trends (part of the reason for my wildly differing appraisals were different expectations for property appreciation in the neighborhood).
If I have $1k under the mattress I probably won't risk $100 on a share of CORP. If I have $100k under a mattress, I'm more willing to take a swing.
outcome = idea x execution
So both are "multipliers" in the language of the model. The formula is completely symmetric in the two quantities.
Having said that, let me now ask pairing proponents: can you give me a rough idea of what you believe the economics to be? Because from my perspective the two people working together on the same program need to deliver value twice as quickly as a solo programmer merely to break even. Based on what I've seen my median estimate for how much quicker things go is ballpark 1.25x, and then throw in some amortized benefit for knowledge transfer and camaraderie. But in my biased opinion find it a stretch that you even hit break-even with high probability.
So, I would love to hear from pairing proponents how they think about the development economics and the size of the win.
"To Promote Equality, California Proposes a Ban on Advanced Math Classes"
and it seems, at least upon quick inspection, to be factually accurate (although the article content itself is far from neutral).
@dang if you get a moment this headline could benefit from reverting to the source headline.
EDIT: Actually after digging another layer down in the linked sources, I'm not sure even the "proposes a ban" is factually substantiated though it's hard to tell for sure without going one layer yet deeper and scanning through a 300 page report.
When I was a student in LA in the mid-2000s I lived on basically this amount of money, inflation adjusted. I couldn't afford a one-bedroom, so I split the cost of a three-bedroom with two friends. This was a very common arrangement for people well into their late 20s, especially people in creative professions like writing.
By comparison, given the physical and time constraints of the job, an excellent nurse might be able to spread their expertise to 2x as many patients as a median? 3x? I think even 3x is a stretch. Maybe they can make a life-saving catch in the hardest 5% of cases (definitionally, very rare opportunity to apply this level of skill)?
Also, there are many ways to make $1M without the risk and responsibility of being a CEO (among other things, just making low-risk investments with a $20M portfolio).
So between the comparative ease of making $1M elsewhere, and the low impact of $1M (to someone with tens of millions in the bank), it's not surprising why such people cannot be had for that price.
As just one of many excellent essays exploring these subjects, may I suggest Noah Caldwell Gervais on Kentucky Route Zero through the lens of participatory theater (spoilers, 1+ hr).
I don't have an opinion on BTC (or gold for that matter) but this widely-distributed meme is simply untrue.
1) If I have a bar of gold, and it will buy me 1% more bread loaves in a year's time, but I can invest it in something that will trade for 2% more bread loaves next year, then I will spend it because despite appreciation it is not my best source of appreciation.
2) I have living/operating expenses that I consider to supersede my need for financial return. If I don't pay for shelter and food, I won't be around in a year to enjoy the 1% more bread loaves I would get from appreciation.
3) Empirically/historically, over long time frames, gold appreciates in real terms (slowly). And yet people spent gold coins and gold-backed notes regularly.
Now, if a currency is appreciating much faster than anything else in the economy I agree you can have a deflationary spiral and a liquidity problem. But this is because the economy is collapsing — ordinary sources of growth have disappeared or reversed. This is a very special situation, and is not a general argument that currencies must depreciate.
[0] https://www.pewresearch.org/fact-tank/2016/06/23/its-officia...