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Lowest “Who is hiring?” Post Count in 30 Months

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Re: Lowest “Who is hiring?” Post Count in 30 Months

#92
post #58

Earlier quoted context omitted.

This could be considered a good thing. The whole point of increasing interest rates is to lower business investment and consumer purchasing power, which is what we need to do to combat inflation (or magically fix all supply chain issues.)

Zimbabwe has 200% interest rates and 280% inflation iirc https://www.africanews.com/2022/06/28/zimbabwes-key-interest... Why am I being downvoted? All this is is a data point showing that rising interest rates don't have to bring down inflation.

Zimbabwe's economy is non-functional. Stats for inflation and interest rates aren't meaningful to anywhere else. There's no real applicable lessons other than to look at it and feel bad for Zimbabweans stuck in that situation.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#94
post #32

Can we get a "Who is firing?" post going?

I genuinely don’t understand what the purpose of such a thread would be. * Weird sense of relief? (“At least I wasn’t laid off!”) * Gloating? (“Ha! I knew that wildly successful company wasn’t so great!”) * Determine if a particular company is shrinking headcount? (Seems unreliable at best.) Something else?

You must be new here. Just kidding, just kidding :)

https://news.ycombinator.com/item?id=31585304 (2022)

https://news.ycombinator.com/item?id=22887346 (2020)

Re: Lowest “Who is hiring?” Post Count in 30 Months

#96
post #78

Earlier quoted context omitted.

> This could be considered a good thing. Lower wages, lower job mobility, asset deflation, consumable inflation -- YAY! ...

It is still wild to me that this is the approach we are taking, things are getting too expensive so let's shrink the economy. That can't be the best solution. We are throwing the baby out with the bathwater.

Not shrink. Slow the growth of. Decelerate is different from stop.

The real problem isn't any particular position, velocity, nor even acceleration. Those can all be planned for. It's the 4th time-derivative, jerk, that messes us up.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#97

I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…

> a self-fulfilling profecy (sic)

I think Powell jacking up the fed funds rate is going to have a much larger effect than some random HN post.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#98
post #58

Earlier quoted context omitted.

This could be considered a good thing. The whole point of increasing interest rates is to lower business investment and consumer purchasing power, which is what we need to do to combat inflation (or magically fix all supply chain issues.)

Zimbabwe has 200% interest rates and 280% inflation iirc https://www.africanews.com/2022/06/28/zimbabwes-key-interest... Why am I being downvoted? All this is is a data point showing that rising interest rates don't have to bring down inflation.

I don't think people should downvote you for disagreement, but I do disagree with your analysis. The US has a system where the Fed lets banks manage the money creation, and they control that by changing the interest rates to change the bank's incentives. In Zimbabwe, the government prints money directly (or at least they did under the Mugabe government, I am not up to date on their current affairs), which means that the central bank interest rate doesn't restrain their money supply growth.

That does have some relevance to the US because the federal government can borrow+spend way more than a small country with a bad credit score - but since the interest rates they borrow at are coupled to the Fed rate, rising rates should in theory slow that down.

Re: Lowest “Who is hiring?” Post Count in 30 Months

#99

I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…

Within a single firm, particularly large ones, surpluses and deficits can be communicated absolutely and crises can be practically eliminated. (It would be unthinkable for Amazon to leave the coordination of its processes up to some sort of internal free market.) As for action between firms, the anarchy of the market is fundamental to capitalism. Real competition is a basic characteristic of capitalism and so perfect…

It seems you're advocating for a centrally planned economy, but from history we see that it doesn't work. It seems that there is simply too much in an economy for one entity to wholly plan. It can work in a smaller organization like Amazon (and even then, I'm sure teams compete for allocation of resources, it's not all centrally planned) but not at large. We see that people in centrally planned economies revert to underground black markets, signifying that somehow markets are a key to functioning economies.
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