11–20 of 86 posts
Inflation adjusted dsta just comes to tell us that either eggs have been outdoing the CPI for 25 years or that actual CPI is way higher than what the BLS calculates.
Absolutely loved the article, the process, and the results. Hated the price. You could pay a human to read receipts, 1 every 30 seconds (that’s slow!), $15/hr (twice the US federal minimum wage!), plus tax and overhead ($15x1.35) comes out to $20.25/hr over 5 hours. $101 all in. Sure, sure, a human solution doesn’t scale. But this sort of project makes me feel like we haven’t hit the industrialization moment that i t…
Inflation adjusted dsta just comes to tell us that either eggs have been outdoing the CPI for 25 years or that actual CPI is way higher than what the BLS calculates.
Eggs were actually quite stable for the 20 years prior to 2001, so maybe don't put your life savings into egg futures...
Egg prices: https://fred.stlouisfed.org/series/APU0000708111
CPI: https://fred.stlouisfed.org/series/CPIAUCSL
Core CPI (without food + energy prices): https://fred.stlouisfed.org/series/CPILFESL
Absolutely loved the article, the process, and the results. Hated the price. You could pay a human to read receipts, 1 every 30 seconds (that’s slow!), $15/hr (twice the US federal minimum wage!), plus tax and overhead ($15x1.35) comes out to $20.25/hr over 5 hours. $101 all in. Sure, sure, a human solution doesn’t scale. But this sort of project makes me feel like we haven’t hit the industrialization moment that i t…
I mean, at over 1000% the cost, the machine solution doesn't scale either?
Spherical cows aside though, I do agree with you that I should not consider scalability as a given.
I usually avoid shallow comments but I feel like this time it has to be said as a conversation starter: That's a lot of eggs! Also ignoring the benefits of subscriptions, an estimate in the magnitude of thousands of dollars for extracting egg prices still makes me feel like we aren't "there" yet. This should have been a problem with a much more efficient solution given the advancements in the AI, data analysis and OC…
> This should have been a problem with a much more efficient solution given the advancements in the AI, data analysis and OCR space. There's got to be a "it's a chicken/egg problem" joke in there somewhere, but i'm not seeing it.
Well, I guess you cannot make a chicken joke without breaking some eggs (I'll stop now. I'm really sorry, but come on, it's Sunday).
I tend to grow bored of a location after a year or two, though I'm certainly in the minority.
* Of course you didn't buy eggs every time you traveled somewhere, so probably not the entire truth.
I usually avoid shallow comments but I feel like this time it has to be said as a conversation starter: That's a lot of eggs! Also ignoring the benefits of subscriptions, an estimate in the magnitude of thousands of dollars for extracting egg prices still makes me feel like we aren't "there" yet. This should have been a problem with a much more efficient solution given the advancements in the AI, data analysis and OC…
Less than one per day, assuming they're doing groceries only for themselves
Great article through and through. The total number of places you've bought eggs at made me feel a tad depressed though: 4 places where you lived at or spent a longer time, 5 you traveled to *. I tend to grow bored of a location after a year or two, though I'm certainly in the minority. * Of course you didn't buy eggs every time you traveled somewhere, so probably not the entire truth.
Earlier quoted context omitted.
I mean, at over 1000% the cost, the machine solution doesn't scale either?
I think at a certain scale we're talking about switching to local trained models which don't have the same operating costs as running a frontier model for OCR. That would reduce the ongoing costs significantly. Might take longer than 30 seconds to read each receipt if you run multiple passes to ensure accuracy, but could run 24/7/365 without the same tax and administration overhead of humans. Spherical cows aside tho…