951–960 of 1001 posts
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The banks should have been nationalised.Iceland was able to solve they Monte Carlo GFC event without creating a moral hazard.
They DID nationalise the banks! https://researchbriefings.files.parliament.uk/documents/SN05... They ended up with 100% of Northern Rock and Bradford and Bingley; 84% of RBS, and 43% of Lloyds.
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> I’ve had plenty of early success and validation of all my market theses, but it’s super hard to get any investors interested. Plenty say “exciting” and want to chat. All lose interest when you start talking funding needs and path to market. I started a non-tech food product company, and have found the exact same thing to be true in my line of work. It's odd. Here's a conversation I recently had with a potential inv…
>Examples of wasted potential: > Sarah: Built a fusion reactor at 16. Now? Debugging fintech payment systems. > James: 3D-printed prosthetic limbs for A-levels. Today? Writing credit risk reports. > Alex: Developed AI drone swarms for disaster relief at 18. Graduated with top honours from Imperial. His job? Tweaking a single button's ergonomics on home appliances. >These aren't outliers. They're a generation of engin…
If you're looking for a culprit, I'd suggest a closer look at that.
Meanwhile industrialisation has been off-shored to China, which is now the tech and industrial powerhouse the US was in the 50s and 60s.
The former industrial centres in the US and UK were largely left to rot, because the people doing the offshoring simply didn't care about former workers. (In fact - in Thatcher's case, and probably Reagan's too - they actively hated them.)
Once you lose an industrial culture it's very hard to rebuild it. It's not just the factories, it's the investment, infrastructure, and education pipelines that feed them at all levels.
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It would be better if we just change the immigration policy. Last time I checked there was 400,000 leaving the country each year and somewhere between a million and 1.4 million entering. I live in the countryside (I live in a small flat btw so I don't care about property prices) and I don't want everywhere in the country built over, which seems to be something here everyone wants for some bonkers reason. If you want…
It's actually around 750,000, mostly third world, and around half of those are students. Importing cheap foreign labour from the third world was always one of the goals of Brexit. This game gets played over and over - import cheap labour to keep wages down, lament about how the country is being invaded, and then blame immigrants for lack of investment, corporate profiteering, and other structural policy problems.
I see this in the USA too - electrical engineers fiddling with css to make buttons dance, published computer scientists working on trivial systems for massive data centers billing systems - the tech market does always seem inefficient, and yet, at some point the market is going to have more knowledge and expertise than it needs, especially if AI predictions play out. What happens then?
> especially if AI predictions play out Thats a big if . Big tech has enshittified everything its touched for a long time now.
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The Baumol effect means that as society gets richer and GDP goes up, orchestral musicians or wait staff or any other profession whose productivity which which enjoy but whose productivity largely hasn't changed since the 19th century get paid more. The "disease" is equivalent to a rising tide raising all boats or the lack of commodification of certain forms of human labor. The "cure" for baumol's "cost disease" would…
But if we had robotic wait staff then that would be a net benefit for society, and the human former wait staff would go and do something else that's slightly more valuable for an amount of pay that's either slightly less or slightly more depending on the effect of automation on the whole economy, probably slightly more in the long run. This is the story of industrialisation! Thought experiment: would it be good if we…
Horn and Hardart pioneered the automated restaurant concept and while they were popular during the great depression when belt tightening was a sheer necessity, once growth and good jobs returned they died out.
Now that wealth inequality is back with a vengeance wait-staff automation is back with a vengeance.
This is interesting, but as other commenters have noted, the general point applies more broadly than hardware versus software, or UK versus the US - if you're only trying to optimise for income, 'go work in the US and/or the financial industry' is solid advice for many people, and the macroeconomic incentives driving this are not easy to shift. I also make much less than my counterparts in the US - but here in South…
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> Isn't JLR in Solihull? That's two hours from London. Not 100% sure, I'm from the middle of nowhere, sorry, Derby - where Rolls Royce is primarily based. I know there's peak-time, non-stop, trains between London/Derby that take about an hour. I know this because when I got my first job in London, I still hadn't found a place to stay, so I was commuting from Derby to London every day. And when I finally moved to Lond…
It's 89 minutes minimum from Derby to London. The fastest trains stop once, in Leicester. It's also £135 off-peak return, so a night out in Birmingham might be more appealing.
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> I disagree with the premise that non-human entities are entitled to my attention. I tried that but the cop said it was still speeding even if I refused to acknowledge the speed limit sign.
Fair enough, I'll add some nuance. The government that I am a citizen of is a special case of a non-human entity, they do have entitlement to my property (which includes my attention). Traffic signs put up by my government are different than billboards put up by a company. The former is to protect me, the latter is to exploit me.
Er, I hope not.
> The government that I am a citizen of is a special case of a non-human entity
What about a private company that puts up a parking charge sign?
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>There are probably political reasons as well. There are definitely political - and ultimately, military-industrial - reasons for this. The UK is deeply, deeply embedded in the Anglo-centric 5-eyes criminal superstructure, and plays a huge part in the subversion of human rights at immense scale around the world, that this criminal entity commits every second of the day. The spook factor bleeds into every technologica…
> immediately becomes the target for GCHQ embedding/plants. I'd be interested to hear more about this.
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Parts are pretty much instant, pcb turn around times are 3 to 15 days depending on how complex they are. Even in the bad old days of punch cards and priesthoods the turn around for software was faster. I have a little pcb mill in the garage that I use for prototypes. To this day I've not met another EE that knows what a voronoi mapping is, or why you'd want one. In a previous startup where I was the software engineer…
Only for simple pcb. If you are making multi-layer pcb with complex stacks, pcb manufacturing and soldering (with associated tooling setup, validation and so) are easily 2 months of turnaround