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econcon

526 karma · joined February 4, 2020

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econcon··on Americans Aren’t Making Babies, and That’s Bad for the Economy
>As a man who's been around the block a few times in corporate America, women are NOT outdoing us in "these three areas" like you seem to posit...

To be fair to OP, women don't have to outdo men to reject 80% men.

For example, usually women opt for men who are better than them financially. [Feel free to refute with data]

In a world where there are lots of jobs making low wages, and very few jobs where you make high income. [Feel free to refute with data]

This leaves us with 80% women earning average wage and 80% men earning average wage.

Now these 80% men are not suitable for them and women select for partners who do well financially. I've seen several papers and surveys on this, feel free to refute this with data

So, now you've 80% women aiming for 20% men who have plenty of choices and they don't want to commit nor settle.

Other than this, education and career has drastically increased the age at which women have kids.

Lots of women I know personally want to have kid - but they suffer from fertility issue mostly because most of them are in late 30s. Is this the right are to have kids? Even if it's, their body is not cooperating with them to achieve this goal.

Other than this, there is one problem that today it's very easy to leave a relationship or marriage, so most don't dream about future when future can change very fast.

econcon··on Americans Aren’t Making Babies, and That’s Bad for the Economy
Difference between the dropout and Stanford graduate is level of self awareness, inhibition, disgust, ambitions.
econcon··on Poor Countries Are Running Out of Time to Get Rich
80-20 rule applies.

All the brilliant students I studied with left for the US.

Imagine investing in multiple startups and then the Unicorn leaving for the foreign land.

Money invested in every student doesn't return same amount of wealth to the country

Richer countries can selectively skeam the cream at the top.

econcon··on Ask HN: Using MacBook as Bluetooth Headset
But it only supports sending audio from phone to pc, not reverse.
econcon··on Ask HN: Using MacBook as Bluetooth Headset
Yes, but does it work on android?
econcon··on Ask HN: What seeds you sowed years ago that you are reaping fruits of now?
Not years ago but recent seeds

I wrote a blog post on filament manufacturing at home.

That blog post got over 25k views, many people contacted me on telegram. While all the information is available for free in my blog post, few people asked me to be their consultant for 10% share of profit.

So I ended up helping them setup their own filament manufacturing unit and now I am recieving 10% of profit. We aren't competiting with each other as we only target one country.

Right now money from review share is not a lot it's few thousands of dollars. But we are combining efforts and helping each other get more sales.

This business is local, for example I found 1 guy from Germany, Italy and United States and one university from India which are now making their own filament. One guy from UK is also working on this but it's still in progress.

Here's the blogpost if anyone is interested:

https://medium.com/endless-filament/make-your-filament-at-ho...

econcon··on One of Canada's most prolific romance scammers
Usually people are not that blind. They pay others for their company when they make these mistakes.

Is a guy getting on hook for child support being scammed?

Is a guy on hook for alimony being scammed? I guess he also at some point was living under illusion that this relationship will last a lifetime.

I think personal matters like this are not worth going after, it's people making decisions based on evidences someone else provides them. Now if they lost the money, it's their own fault.

econcon··on Ask HN: Getting depressed about money. How do I make a meaningful amount “fast”?
While softwares are scalable. Problem is that you not the owner of those softwares, will you be able to negotiate with your employees to give you 1-10% of the total profit they generate. Unlikely! Yes, software developers make a lot of money but they still end up in category of "expense" not revenue generator in accounting. You'll only get paid what it costs to replace you.

You need to start a business where you own total upside and total downside. It's high risk and high reward game, if you get lucky - you'll be in the names like Bezos.

Having worked with software developers, they hesitate from charging too much as they don't understand the value of the work they are providing and are generally happy making stable amount of money over lifetime.

This is not bad if you value stability. But if you want more, you need to play with fire. Highly likely you'll get burnt but that's what it takes.

I quit my job to produce 3d printing filament and I am making 7000 euros a month as the business grows, I'll probably make more but see it's a limited scope process to make filament so it's very scalable. I expect upside to increase steadily over few years before I plateau and then I plan to move on to another opportunity.

Here's my project: https://medium.com/endless-filament/make-your-filament-at-ho...

Just like me, pick a problem where people have money to pay and start finding how how to reduce costs and increase sales.

In business/sales/marketing you need to display confidence which often software developers lack (because they know of so many ways things can go wrong). Customer doesn't like this, customer wants to feel that your solution is flawless without any holes! That's where clever sales person come and sell the software solution for several multiples of what it costs to make it.

When you've enough money, you don't need to struggle - you need to do things that are fun for you and have upside.

econcon··on Ask HN: What are some free software tools you want?
I want ecom software which rivals Shopify but it's free and self hosted like Discourse.

Payment method support: stripe and PayPal are enough.

But must have shipment tracking maybe through integration from some service.

All Shopify alternatives suck.

econcon··on Apple for the first time makes a top-of-the-line iPhone model in India
>This seems like a great deal for India: threaten a 22% duty, and then you bring in jobs and know-how.

Lots of products have very high duties but you'll not find a single manufacturers of those products within the country.

Those companies simply add import duty to their cost and increase the price of good in local market. This makes products/tool expensive for local people and they are not able to compete globally.

If an America can buy a CNC mill from china duty free and you charge duty which makes $4000 mill cost $7000. Due to higher costs, your local craftman is already rendered uncompetitive in global marketplace

Why not let them buy tools and machines duty free and let them learn skills like CNC machining or metal turning?

econcon··on Apple for the first time makes a top-of-the-line iPhone model in India
>I have only one question: how much pollution these factory will bring to India?

Largest Indian imports is petroleum and also India has largest petroleum refinieries, removing them will he help pollution.

India should focus on renewables and nuclear power and ban petroleum products before going after Chinese electronics. But I think they'll not do it because it will hurt oil companies which are biggest benefactors of political parties.

econcon··on Apple for the first time makes a top-of-the-line iPhone model in India
>why do you think this is?

Vodafone knows something about this.

econcon··on Apple for the first time makes a top-of-the-line iPhone model in India
>But once there is one shining example, then (partly because of the competition, partly because of the numbers of people) the momentum is strong and only gets larger.

IT outsourcing giants are now obsolete - thanks to American recovery in software through cloud computing platform companies like AWS.

>This is potentially one of those events and has the potential to catalyze high end devices manufacturing in India leading to other second order effects of expertise in other hardware manufacturing

I don't think it will change much. All high level process engineers will be Chinese in foxcons new plant. Workers will learn a few process but foxconn factories usually have very high level of automation. I don't expect much technology transfer in this.

econcon··on SCMP: US Dollar Risk of a Sudden Collapse
>but why would any country do that? China's economic and financial data reporting seems to be spotty at best.

If yuan is good enough for china then it's good enough for other countries with lower GDP than china.

China is where mega GDP numbers are happening, it's much better to use the currency of place where services/products are actually being produced rather than places where money is coming out of thin air with clever financial engineering.

econcon··on UK Formally Abandons Europe’s Unified Patent Court
UK is a rich country. They can get higher productivity by simply hiring laborers from Europe and not giving them same standards of work and life which EU demands from member states.

That's enough for UK manufacturing to bounce back again.

econcon··on Ask HN: Cloudflare incorrectly banned me – can anyone help?
He's the CEO, I doubt there is anyone in company who doesn't know him.
econcon··on India's Response to Covid-19 Is a Humanitarian Disaster
>As of today, India has around 1.19 million cases with 28,732 deaths and more importantly, 753k recoveries.

Only if you believe the reported number.

India has a bad track record in tracking deaths.

Most deaths go unreported specially in rural areas. Only 20% of the deaths are reported and it was found that most of the deaths where reason was covid19 were reported as death due to other morbidities like organ transplant, diabetes etc...

econcon··on New York Times says Krebs wrongly implicated Briton in Twitter hack
He might be good at his work but he's not a god, he can't be right 100% of the times. We still have to evaluate him based on evidence everytime he utters anything.
econcon··on India, Jio, and the Four Internets
Consultants exist for this.

I do not respect Reliance owner. If he was a good businessman, he would be have dominante more countries like US.

Imho, best Indian businessman is Mittal owner of Arcelor Mittal.

econcon··on India, Jio, and the Four Internets
Who believes in Jio, if reliance owner was a good businessman, he's have dominated in many other countries.

The only reason he survives in India is because government is in his hands.

He has used this many times to harm competition.

econcon··on India, Jio, and the Four Internets
Obviously he misled people.

His firm can deploy cloud native soft infrastructure and data centers for 5G but not the hardware. And here too they are any special as Rukuten already does it.

They still have the license technology from the vendors even if they manufacture it on their own.

And why will vendor license it to them, and if they'll have to - they'll do so at the same profit margin which they'd make from direct selling of the hardware.

Where are 5g hardware patents which Jio owns?

econcon··on India, Jio, and the Four Internets
Which is funny as it's much cheaper to provide higher speeds in high density areas.
econcon··on Does playing chess make you smarter? A look at the evidence
Chess came from India where it was used by the ruling class to learn important skill like emotional management.

As the rulers had all power, it was incredibly very easy for them to get mad at someone and engage in destructive activities. Chess helped the new princes learn emotional management and act better when met with situation like, strategy failing, loss of your resources etc...

Later the game was brought to middle East by Arab traders from where it went to Europe and new world.

econcon··on Amazon soya and beef exports 'linked to deforestation'
Why is this being downvoted. It's true, I don't think non vegetarian pay higher health insurance premiums, so society as a whole will foot the bill of both health and environmental impact.
econcon··on Companies made millions building unemployment websites that didn’t work
It's not that they don't have technical people.

I used to work for one consultant company like these.

There were many smart people who had crazy startup ideas and technical ability to handle the projects.

Problem was just that they were very expensive, so consultant company used them to field the projects. They'd send them with a masterbullshiter who would take clues from these tech smart folks and bullshit his way to impress the promoters and get the project.

After that the technical team and bullshiter will try to get another project, so it's not same people who are bidding and winning Vs one who are delivering project at the end.

Tech smart and bullshiter are used for fielding project (these cost a lot of money), while subservient and low tech skills and low awareness people are used for delivering actual project.

econcon··on Who is the greatest knife steel metallurgist of all time?
Unless you are trained in knife combat unlikely you'll be able to use it effectively and risk your knife being against you by the attacker.
econcon··on India’s daunting challenge: There’s water everywhere, and nowhere
If you want to save money - when I was India for 3 years, I saw same road being paved 3-4 times a year, nowhere else I had ever seen such a colossal waste of money due to improper planning.

Paving same road 3-4 times is not development.

econcon··on Andean condor can fly for 100 miles without flapping wings
Once you go up in air, larger wings means less air drag from wing tip turbulence.
econcon··on Google to Invest $10B in India
Who pays bribe directly and how can someone even figure that out?

When companies need to bribe, they bring consultants which get paid for a different service which is unrelated to what they are actually offering. The consultants charge a lot and bribe the agents on the government either through favours like enjoy our jet or penthouse in Italy or London and get this specific thing done or tell us where to send this cash to which country and which account #.

It's as simple as that. All that money is often written off in accounts as "promotional expense" or sometimes as a different line item under consultancy.

econcon··on Ask HN: What's the worst piece of software you use everyday?
1. Gimp (not natural to use it, so UX/UI sucks)

2. Freecad (difficult, weird UI)

3. WordPress+WooCommerce (they charge you for as basic as simple shipment tracking plugin)

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