techlover14159

This is a hard business problem. I believe the only way is to have this business inside of another business entity where reviews are not the profit driver but contributes to value of the entire business.

That's why I see only Google Reviews to be in the best position in this category. It is not perfect but way way better in terms of incentives etc. compared to Yelp and its ilk.

It's primary value for Google is the huge moat that it provides against Apple maps where Apple is dependent on the crappy Yelp reviews. I say crappy in the sense of terrible incentives as mentioned in the OP I am replying to. This poisons the whole review system of Yelp and Apple maps by association.

Class action lawsuits might be suitable in this case? Much power impact on consumers.

It looks like surprise medical bills like an out of network anesthesiologist at an in-network facility will be gone starting next month.

In fact, it looks like providers will have to give good faith estimates starting next month.

This sounds too good to be true! Is this real or are there exceptions and fine print to this law?

There must have been major lobbying to water this down.

I have a procedure that I will wait till after new year if this is real.

That "revenue" is a rounding error compared to investment in fully autonomous technology.

I am fairly confident that revenue will still be a rounding error in the next 3-5 years.

Investors are betting on a really long game here. This is another indicator of capital being really cheap in the current environment.

Does Amazon make sellers price item lower or equal to their own store fronts? This might mean that small brand owners or white labelers might not be able to offer same item on their own store front for price they offer on Amazon.

It is definitely unfair that a completely new class of competition is allowed which doesn't have to pay this 150k "medallion" fee. Instead of this 20c fee it would be fair to either reimburse the 150k fee to existing owners of taxis or have uber/lyft pay the same fee. Competition should be fair.

Oh and all the regulation should be the same for taxi vs ridesharing like insurance requirements (commercial insurance is much higher which taxis are required to carry) and inspection requirements etc.

Low interest rates are another culprit that few seem to identify. If that robot purchase can be financed with a 0.5% loan then it is suddenly very cost efficient to replace workers.

There are other factors that come into play as well like overtime pay rules, medical costs/regulations for workers etc.

That is the scary part. If you include other dependent jobs like service industries (hospitality/truck repair etc) related to trucking/transport it might be north of 10%.

I believe what makes the current iteration of technology making jobs redundant unique is the speed/frequency with which this is happening. In the past the process was slow enough for the next generation to train for the next set of skills that were required in the economy. It is very hard for a mature professional to change job tracks and certainly almost impossible for a whole society to do so several times in the typical lifespan of a person. This is what is happening with the pace of change/redundancy today and the effect that I foresee is revolt like conditions in many societies.

We are already witnessing this revolt/discontent in the US in this presidential cycle in my view. People are very angry and I fear it will only become worse in the coming years/decades as promised solutions by the new crop of leaders elected by angry people don't work out as expected.

One thing to keep in mind is that the demand of services is fairly elastic. If the cost of legal services go down dramatically the demand will go up quite a bit. The reason many people don't use these services is because of cost and decide to forgo/settle.

I bet there will be a lot of refinancing of mortgages if the closing costs were $500 and the process was one click.

I presume that this is the case with a lot of professional services. In that sense service based economies are better situated than manufacturing based economies.

If real estate producing rent is taxed it is definitely passed on to the tenant in the form of increased rent. It is just a cost of running a business.

Real estate taxes are in principle very similar to taxing a robot. It will be passed on to the consumer.

If you are referring to rental income being taxed (after all costs are deducted) then it is very similar to profits from robot assisted manufacturing being taxed. This will happen in the current tax regime in the US and here both are similarly situated as well.

Wow. This is amazing!