Powell wants to keep wages tethered to his preferred reality of 2% inflation versus the actual reality people live on. The real issue with inflation is it devalues the public hallucination; fiat money: https://www.wsj.com/articles/transcript-fed-chief-powells-po...
The reality is “people need to eat”, will trade as they must to do so. We don’t actually rely on government officials to do the work; we placate the die hards by speaking in the traditions. They’re yanking on the leash they have.
Big tech looking to axe senior talent and big pay days for cheaper Gen Z grads; a quiet wealth redistribution plan. Some of the rich senior tech people would move on to cheaper locales and perhaps build businesses.
We’re in the ML era and a lot of senior folks are from the “manually program a machine” era; that’s a way over valued skill set now; it’s everywhere.
Cheaper talent with the latest collegiate training not the old ways baked in, could offset the expense of moonshots, hoping to boost an ML-backed cloud economy post generic server backed cloud.
I for one would love it if industry that produces real things collaborated to produce their own best of breed tooling rather than let SV aimlessly generate endless supply of half assed crap to capture worker agency as part of its game to control the economy.
Industrial designs from buildings to cars, heavy equipment, and manufacturing equipment, could chip in enough to effectively end Autodesk.
Movie studios could ruin Adobe.
My friends in chip business are giving me hope; more and more logic is being embedded in chips, requiring less and less software to cover up usability and bugs in hardware.
I look forward to the day pretentious cut-n-paste engineering (software) is relegated to an eccentric hobby.
Markets and capitalism are a social hallucination.
Biology does not care about our philosophy; it allows emotional bonds between officials and elites that are leveraged against the masses.
Write on paper all the rules you want, collusion will happen.
Your defense of this system that’s also screwing you is bizarre; conviction to spoken traditions versus actual analysis. Very brain dead following orders of you. Very religious missionary of you. Human biology is easily convinced it’s spoken words of power are what rule the world.
I mean so it is; if you get burned by it, oh well. Remember; if this system takes your life from you, none of us have an obligation to you.
Fear mongering over employment security is a favorite tactic: https://www.nytimes.com/1997/02/27/business/job-insecurity-o...
The reality is “people need to eat”, will trade as they must to do so. We don’t actually rely on government officials to do the work; we placate the die hards by speaking in the traditions. They’re yanking on the leash they have.
Big tech looking to axe senior talent and big pay days for cheaper Gen Z grads; a quiet wealth redistribution plan. Some of the rich senior tech people would move on to cheaper locales and perhaps build businesses.
We’re in the ML era and a lot of senior folks are from the “manually program a machine” era; that’s a way over valued skill set now; it’s everywhere.
Cheaper talent with the latest collegiate training not the old ways baked in, could offset the expense of moonshots, hoping to boost an ML-backed cloud economy post generic server backed cloud.
Google’s Eric Schmidt has been in DC lobbying for AI investment: https://www.vox.com/recode/2022/6/9/23160588/eric-schmidt-am...
Picking the winners right away to avoid the last decades shotgun approach.