2,564 karma · joined May 25, 2011
And considering that robots already took all the agriculture and manufacturing jobs, and we're supposedly split between "knowledge workers" and "service workers", I'd say the problem of automation taking our jobs still has a long way to go.
The difference between land and widgets is that widgets are continuously manufactured and sold. Once you sell me a sandwich, you can't take it back. It's mine. Rent is the opposite. They're not making more land, or spectrum, or whatever, and that's not what they're selling. They're selling access to it. And they can revoke that access at any time. The thing I'm paying for isn't mine, it's still theirs the whole time.
Landlords don't make money by providing a service or selling goods. They make money by sitting on something no one else is allowed to have. They don't have to do anything more than sit back and collect checks. Sure, they bought the land originally, but there's no more investment to be made after that. They can invest in a nicer building or grounds, or compete on services such as "free" utilities or quicker repairs, but those are above and beyond the "rent-seeking" part of his revenue. He could just rent an empty lot, like a trailer park or campground.
This is analogous to, for example, telephone lines. They cost a lot to initially build out, but once they're there, the phone company only has to charge people for access. They provide a service back at the switching station, but most of what they're getting money for is owning lines that already exist. It's harder to separate rent from their other revenue, but it's there.
It generalizes to all revenue that is of the "sit back and collect checks" variety. Cellular carriers sitting on a chunk of spectrum they can sell access to. They can just rent it out to MVNOs if they don't want to provide those services themselves. Film studios sitting on a catalog of work they can sell, license, etc. So yes, IP revenues are definitely rents.
If you can't compete with foreigners working in your field, you can't compete.
I'm concerned with the indentured servitude we're putting H1Bs under, but not with the fact that they're working here instead of China or India. There isn't a "shortage" of STEM workers in the US, but that's no reason to support protectionist policies.
It's a play on words though, by analogy with "Pay it back" which is returning a favor to one who did a favor for you first (like paying back a debt). In the case of large distros being heavily reliant on GPG and other upstream projects, I think the applicable term here is "pay it back".
Upstream developers helped out Debian, et al, and now Debian needs to pay those developers back. Arguably, by gifting their distros to the world at large, they're already "paying it forward".
Nevertheless, that's how it works in the land of the free.
http://www.npr.org/blogs/thetwo-way/2014/11/10/363102433/pol...
Really? Mortgages last 30 years, are you sure your current level of income will too?
This isn't 1900. There are accessible, well-lit exit routes in every theater I've been in. Not to mention fire suppression systems, alarms, and the fact that you'd most likely see a fire before it was time to panic.
http://io9.com/5616498/ultraviolet-light-reveals-how-ancient...
One of the things that really impresses me about Facebook lately is how often the first "suggested article" link under a bogus story is another story debunking it. If only more people paid attention...