There are pamphlets by early industrialists who advocated this as a way of dealing with labor shortages in their factories and the natural idleness of peasants.
6,454 karma · joined April 8, 2011
There are pamphlets by early industrialists who advocated this as a way of dealing with labor shortages in their factories and the natural idleness of peasants.
That's pretty much exactly how I interpreted the original.
Minimum wage is elastic in (your) theory but in practice it appears the majority of companies opt to take the hit in profits rather than fire people.
Yes, nerves play a part. That's why it's good to start easy and ramp up difficulty gradually, giving the interviewee a few easy wins to build up their confidence before getting them in to the harder stuff.
Frankly I find the most unnerving interviews (coding and questions) to be the ones where you have to second guess what the interviewer wants to hear. Where the question/task is difficult, but the desired outcome straightforward it's much less stressful.
>Imho more important are soft skills that are not in the focus of most technically savvy people.
I find that this is mostly true outside of tech hubs, especially in non tech companies, but not necessarily in tech hubs.
Hard technical skills are much more valued relative to soft skills in, say, Facebook than in, say, an insurance company or HMO based in Houston.
It's not particularly compatible with having kids, but it makes you a better musician.
I'm all in favour of finding better ways to let programmers who don't have side projects stand out but I don't think that devaluing side projects is the way to do that.
In theory there's nothing to prevent the automation of any process. The question is cost.
For craft beer there's 10,000 different kinds for every 10 million liters drunk, all with a completely different brewing process and consumer tastes keep changing in this market because consumers seek novelty.
Whereas for Budweiser there's just one, unchanging process.
So yes, it is much harder to automate than Budweiser brewing and is much more labor intensive.
It's far from the only market where this happens, too.
Taxes also effectively perform the same function - destroying money (consider what would happen if all current tax money were burned and all government spending were printed - economically no different).
This side of the equation doesn't get a commensurate level of attention.
It's a little better now with people like Elizabeth Warren. The left still needs to understand finance better though or we'll all get totally screwed again come the next crisis.
The other option is to keep the retirement age down. I'd like to know why so many people who believe in this automation revolution are instead advocating for the exact opposite on the grounds that we actually really have the opposite problem...
You can't take both sides of this fence. Either the automation revolution is real and retirement ages can be lowered or it isn't and articles like this are spouting horseshit.
A robot that builds shoddy shoes that people don't particularly want any more getting cheaper isn't compelling.
A robot that makes Budweiser 5% more efficiently isn't compelling if what people really want is craft beer.
* Properly takes into account jobs created by technology as well as destroyed.
* Properly takes into account jobs destroyed by austerity (e.g. government budget cuts).
* Doesn't conflate outsourcing with automation - e.g. statistically pretending that because a job no longer exists in the US, that it doesn't exist at all or (worse), as the ball state university study did, literally (and probably deliberately) mixing cost savings from automation and cost savings from outsourcing.
Instead all we get is the steady drumbeat of that old investor pipe dream - the idea that employees are an unnecessary expense that will soon be dispensed with as soon as we find a deep learning model thats sophisticated enough and studies like the ball state U one that argue that the investor pipedream is coming true at the same time as (weirdly) showing their political affiliations by arguing for lower corporation taxes.
At the same time the investor automation hysteria has been good for my wages, so... maybe I should just shut up.
I'd love to read more about this experience (good and the bad).
If the Economist were serious about encouraging property development (they're not) they'd encourage making land a tax liability rather than an asset, so that inefficiently used land (e.g bungalows in sf) would be voluntarily yielded for more productive use.
The Economist has always taken the side of rentiers though, and probably always will.
This is why QE didn't trigger inflation in a normal way - minted money was exchanged for bonds (financial assets) not spent on goods and services.
like I said: it's not like anti semitism doesn't exist in the labour party. it's just that the boy cried wolf countless times, and they cried wolf to protect racists.
this is quite apart from the time members of this community decided that they spoke for all Jews when they attacked a Holocaust survivor.
It's frankly quite disgusting the level of Islamophobia some of these people are endorsing simply because they consider it politically expedient to throw their support behind a foreign government.
It's not that anti semitism doesn't exist at all in the Labour party. It's just vanishingly rare and literally nobody - NEVER MIND a leader - has said anything close to as disgusting as what Isaac Herzog or Boris Johnson has said.
It seems somewhat distasteful to argue that the pricing power of the rich, powerful party should not be countered by the weaker, poorer party improving their pricing power - especially on a moral basis.