11–20 of 181 posts
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What’s that, newer chips offer more features out of the box? How lazy of you.
I spent four years in college studying CS. 2.5 of those years building massively parallel real-time fpga/dsp systems from almost scratch. Even had to build our own boards. Except I didn’t use Emacs. I’m so retarded.
What the hell is up with prices? Everything I pay in dollars became 20% more expensive. My cereal became 20% more expensive. Jetbrains becomes 20% more expensive. This is the first time in my life (34 yo) that price changes have been so large that they’re apparent to me. And even with a dev salary the combined amount is high enough that it has an impact on my behavior.
Quoted post unavailable.
What the hell is up with prices? Everything I pay in dollars became 20% more expensive. My cereal became 20% more expensive. Jetbrains becomes 20% more expensive. This is the first time in my life (34 yo) that price changes have been so large that they’re apparent to me. And even with a dev salary the combined amount is high enough that it has an impact on my behavior.
What we are seeing is the predictable result of the classic monetary models, and a rejection of Modern Monetary Theory which linked limits of government spending to the availability of real resources, like workers. Which is why you see people like The Treasury Sec saying the Economy is good because of employment numbers
Classic Model of economics predicted this, MMT ignores the realities of economics
These days I am mostly using VsCode for development and TablePlus/Postico for database development.
What the hell is up with prices? Everything I pay in dollars became 20% more expensive. My cereal became 20% more expensive. Jetbrains becomes 20% more expensive. This is the first time in my life (34 yo) that price changes have been so large that they’re apparent to me. And even with a dev salary the combined amount is high enough that it has an impact on my behavior.
Say you made cars for America and through no fault of your own, dealer stock evaporated due to supply issues upstream. Let's say you could try hard to increase production once that supply issue had been ironed out - but you could equally choose to take it easy, cars are fetching well over sticker price, so maybe be very slow at ramping up supply again to maintain that. Obviously if you colluded with your competitors to do that it would be illegal, but, if there was some kind of global event that put you all in the same basket...
I see the talk of increasing interest rates to solve inflation, i just can't see how that stops price gouging inflation. Furthermore, we don't even appear to have a language for this idea, it's not supply side inflation i'm talking about (although that clearly exists in some products), it's not demand side inflation (although that clearly exists for toilet paper for a while - not sure if it affects much today?)
What the hell is up with prices? Everything I pay in dollars became 20% more expensive. My cereal became 20% more expensive. Jetbrains becomes 20% more expensive. This is the first time in my life (34 yo) that price changes have been so large that they’re apparent to me. And even with a dev salary the combined amount is high enough that it has an impact on my behavior.
It is a three headed dragon, and we see two of them already.
* Massive increase in money supply (more money chasing goods) - CHECK. We printed and our sins do not go away as quickly as we wish they would.
* Supply issues resulting in fewer goods to buy (same or more money chasing fewer goods) - CHECK.
* Wage-Price spiral wherein employees demand higher wages to account for their costs, which increase the cost to the employer, which has to increase prices, which leads to employees demanding higher wages. - POTENTIALLY NOT HERE YET.
Wage-Price spirals are the things of nightmares and when it happens, the only way its ever been broken is via war or a prolonged recession.
Hold onto your hats if that happens.
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Here to remind you that real men don’t need compilers. What, you can’t remember every CPU extension? On the latest intel chip from 2000. What’s that, newer chips offer more features out of the box? How lazy of you. I spent four years in college studying CS. 2.5 of those years building massively parallel real-time fpga/dsp systems from almost scratch. Even had to build our own boards. Except I didn’t use Emacs. I’m so…
What the hell is up with prices? Everything I pay in dollars became 20% more expensive. My cereal became 20% more expensive. Jetbrains becomes 20% more expensive. This is the first time in my life (34 yo) that price changes have been so large that they’re apparent to me. And even with a dev salary the combined amount is high enough that it has an impact on my behavior.
It was already happening throughout the 2010s, although wages in tech were rising sufficiently fast to easily offset the increase in prices. My conjecture is the bottom 0% to 40% are making gains and they are coming from the 40% to 90%.
With a lower and lower labor participation rate (aging population), coupled with the opportunities for remote work, I would expect those in person, customer service or jobs where you get your hands dirty to demand even higher prices. I.e. expect to pay more for travel/restaurants/hotels/retail/etc and expect to receive lower quality services/products.