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Economic Termites: Monopolies not noticeable enough for most of us

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391–400 of 457 posts

Re: Economic Termites: Monopolies not noticeable enough for most of us

#391
post #78

Earlier quoted context omitted.

That’s a pretty weird take to me. Crime stats and polling of people’s perception of crime show this as clearly the wrong approach for instance. Most studies show that no matter what direction crime is going in, a substantial majority of people think their neighborhoods are safer and that everywhere else is basically a war zone that is getting worse. There’s a total disconnect locally/nationally in perception that is…

>Crime stats and polling of people’s perception of crime show this as clearly the wrong approach for instance. The only crime stat you can trust is murder and that's because bodies can't be hidden (easily). Everything else gets swept under the rug. When I wanted to report my car broken into I was hung up on three times because of a poor quality line, which was fine before I told them what I was calling for. When I we…

> The only crime stat you can trust is murder and that's because bodies can't be hidden (easily).

Seems to be a significant decline since the 90’s, followed by an increase since 2016, and a Covid dip followed by a resumption of the increase. It’s still a lot lower than it was in the 90’s.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#392
post #263

Earlier quoted context omitted.

That works against a large new entrant. No industry is going to lower their massive collective profit just to shoo away a small new entrant.

Natural monopolies due to high capital costs are businesses like TSMC and ASML - you're not going to get a "small new entrant" with 4nm lithography for making high-end microchips.

TSMC, ASML are as extreme as it gets. You might as well ignore them completely in this thread.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#393

Earlier quoted context omitted.

This is wild to disagree with Pikettys magnum opus with a reference to a yahoo finance news article

The dude is a pure academic and just trying to sell socialism with hand waving. I look at it differently: His ideas are so weak and removed from reality that they can’t even stand up to a Yahoo Finance article. We should be careful taking policy advice from people who have never had real jobs.

uhh not sure what constitues a real job if not an author, consultant and teacher (on top of being a successful academic). Have you read his book? It's quite good.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#394

Earlier quoted context omitted.

>I and many people I know have gone through job searches over the last 18 months. Yes, it was more work than we’ve come to expect over the last 10 years. But ultimately everyone I know has landed on their feet. As an industry we are still incredibly privileged compared to most. it's 50/50 in my circle. And I got the losing coin toss. Pretty much everyone in my circle got at least a threat of a lay off at some point e…

Sorry you are having a rough search. I was part of a large layoff so I know plenty of people who’ve been through it recently, some more than once if they went into another company that then had layoffs. I’d say the average search in my circle for those actively looking was about 3-4 months, with people who were very junior taking perhaps double that. I got some rejections that shocked and upset me at the time, but no…

>I was part of a large layoff so I know plenty of people who’ve been through it recently, some more than once if they went into another company that then had layoffs.

Yup. I was hit in one layoff, 3 months later thought I went into a studio that looked like it had a stable publisher, and then the publisher was in fact not stable. So 2 layoffs in 6 months. By layoff #2, the layoff trend was in full force and the market was closing in. I believe I'm now on month 10 of the job search (or 9, since I simply didn't bother searching in December and visited family).

>For myself, referrals were a huge part of getting a job somewhat quickly. As more people are looking, the slush pile of resumes gets bigger which causes employers to feel they can be more picky. So if you’re relying on a cold application turning into an interview, that will definitely have a very low success rate.

Well that's the frustrating part. It was super thin on January/February, but by April I was getting plenty of interviews. I have 8-9 years of experience and a well known company on my resume, so I can stand out if I get past the Automated Trash Systems. But the technical interviews have just became a free for all of whatever the interview wants to ask. C++ questions, software engineering questions, specific game engine questions, graphics programming questions (I haven't actually gotten a technical interview for a graphics programming position, but I sure have been asked how to render a triangle, oddly enough), leetcode questions, math questions...

I just simply don't know what to study for these days. I can answer all those questions well, but "well" isn't good enough these days. I need to be absolutely confident on on the top of the ball, but I can't do that for every single aspect of gaming. Too many topics to be a master of all ("master" in the context of an interview). At least if I wasn't getting interviews I could just accept the cold market and focus more on maintaining what I currently have.

>but if you think you might be like this person then I’d encourage you to reach out to someone who knows you and get the support you need. Marinating in negative thoughts won’t get you anywhere. This stuff has to be addressed because attitude, emotional state, and overall vibes can bleed into the entire interview performance and undermine what is otherwise a solid showing.

Well there's a lot to be bitter about in my industry, if we're being frank. Game studios are still shutting down or laying off everyweek, no matter how strongly their teams performed, and games are continuing to squeeze on the industry as they push more and more attempts at monetization without necessarily adding more value. No one is feeling very valued in this current state of affairs: not the customers, not the devs, not even the executives.

On a personal note, I did have 2 studios I went assumedly to the end of the process with (6 stages each + recruiter call), only to have no respose whatsoever after the last interviews. Only thing worse than a no at that level of investment is lingering in purgatory as an assumed no. Those would have been surefire offers had I applied 6 months earlier, but alas. I'm truly hitting all the branches on the way down.

Oh, and did I mention the ghosting? There are so many ghosts these days. I remember being contacted by a recruiter for a call, then the call got delayed 1 week, then 2, then cancelled. Never heard from them at all.

I'm usually one to place too much blame on myself, but these days I really don't know what to evaluate from this experiment. It just feels like a circus and I need to keep putting on the clown makeup and doing stunts until someone picks me up. Nothing really feels like it's evaluating my skills and taking my experiences into account past the HR call, so all I can do is throw the dice until something comes out the crapshoot.

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That's all to say: Sure, I'm bitter. But I don't really let that linger to the next inerview. Quite the contrary. Just a lot of numbness and apathy when beforehand I'd be excited at all the new tech to potentially work on, and all the creativity flowing. It all just feels so sterile these days. So artiicial. Interviews were always superfical, but it feels like no one even tries to pretend to do the motions anymore.

I still have a somewhat healthy social life, and I know how to play the part (I've done it several times before to success). But I definitely do feel interview burnout. one week I'll have 5 interviews where 2 ghost me (very haunting last years, I'll say) past the HR call and 2 others bomb at the technical test, and the week after I would simply just not take any calls. Interviews are way more exhausting than day to day work.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#395
post #171

Earlier quoted context omitted.

Which means that the fix is to change the media not the metrics. That's the gist of the argument - if your improvements of "reality" aren't making people happier, you're changing the wrong metric. In this case you need to change the media, not crime stats.

Changing the underlying reality without improving the perception leads to a political disconnect. Improving the perception without improving the underlying reality just makes people happier, but not better off. You have to do both if your objective is to improve people's lifes.

Indeed, which is why I ended up my original post with "by itself". Changing the state is a necessary, but not sufficient action.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#396

Earlier quoted context omitted.

- they compete with local taxi firms - they compete with other modes of transport - prices have risen substantially after the VC land grab tailed off

[flagged]

Next you're going to tell me health and safety laws increase prices?

What about environmental protections?

Do you think that drivers licenses increased prices too? What about vehicle safety and inspection standards?

Re: Economic Termites: Monopolies not noticeable enough for most of us

#397
post #377

Earlier quoted context omitted.

>Which proves my point. It was not cost that prevents multiple sets of wires being laid. It's regulation, and frankly rather poor management by the government. Do you look at the picture I linked, and think this is a preferable end state over some extra regulatory cost? That you would rather have those sets of cables all over the place and think the government is preventing this better state? If you do, that's an opi…

> Do you look at the picture I linked, and think this is a preferable end state over some extra regulatory cost? That you would rather have those sets of cables all over the place and think the government is preventing this better state? Yes, I saw the picture. It means it is not prohibitively expensive to run multiple wires. Yes, it is unsightly. But there are many, many ways to run multiple signals today. Technolog…

> For example, one trench or pipe can provide space for a large number of wires. The community can provide a pipe for such purposes, like they provide pipes for other purposes.

Congrats on describing municipal broadband while arguing against government involvement.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#398

What I find odd about the article is that it does very little to substantiate its core claim - that the reason the economy is broken are small monopolists-but-not-really-monopolists who are trying to fleece you. It opens with the example of rising construction costs. The only remotely relevant example here is Autodesk, but by the article's own admission, "the cost of these products remains relatively minor". And that…

Each cut isn't much, and there's no point stressing about it, but accumulate enough of them and it's a problem.

Doesn't the fact that everything is increasing in price also affect these labourers? Who see the prices in their grocery stores, cars, housing costs increasing, and then have to demand higher wages to stay afloat themselves?

Can any one cause be tied to the whole effect? No. Would [much] more aggressive anti-greed/anti-monopoly/anti-corruption handling of the economy stabilise inflation? Without doubt.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#399

Earlier quoted context omitted.

[flagged]

Next you're going to tell me health and safety laws increase prices? What about environmental protections? Do you think that drivers licenses increased prices too? What about vehicle safety and inspection standards?

Not OP but they definitely do increase prices - they are still a good idea though; externalities must be kept in check.

Re: Economic Termites: Monopolies not noticeable enough for most of us

#400
post #269

Earlier quoted context omitted.

> “Generational wealth” is generally a myth. The second and third generations burn through any inheritance and sprint back to middle class rather quickly. Ref? That was definitely not my impression from listening to "Capital in the 21st Century".

Piketty is not my favorite. I consider him a pure academic who tends to cherry pick data. In reality, wealth tends to cluster around people who are good stewards of it. They allocate capital efficiently and we are all better off. The government is NOT a good steward of wealth. They allocate inefficiently (because no accountability) so we should minimize what we give them. Here is a quick and dirty reference discussin…

> The government is NOT a good steward of wealth. They allocate inefficiently (because no accountability) so we should minimize what we give them.

Have you ever actually looked at how large companies allocate wealth, and how much actual accountability there is there? I can't tell you how many billions of dollars the company I currently work for burned with acquisitions whose products they shut down and teams they laid off two years later; and they're definitely not worse than normal, as far as I can tell. How many products has Microsoft attempted and then killed? How big is the Killed By Google graveyard? And in many cases people who make catastrophic decisions are rewarded -- "failing up" with golden parachutes and higher more influential posts.

In my experience, people who say things like this have a double standard. If you judge the government and corporations by the same standards, they come out about the same -- a bit of really good, a bit of really bad, lots of mediocre. The difference is that the government is at least nominally trying to work for the voters, whereas corporations are explicitly only working for their shareholders.

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