891–900 of 936 posts
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Airbnb booking is north of $40bn
source? highly doubt that.
(disclosure: Airbnb employee)
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Sure, because nobody has ever taken a loan to start a business before. And VC funding doesn't exist. And mortgages are a falsehood. And companies are never bootstrapped either. I guess eventually owning a factory is just impossible right?
I would sincerely love to live in the bubble you do.
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It is easier to start and grow a business when there are less regulations around employees. Every employee in America is also free to walk away from their job without any notice. These are both facts and have allowed for vast commercial growth and innovation in America (and in countries with similar setups). Whether you (can) take advantage is completely orthogonal to the original question of why the USA is "an aberr…
maybe the reason why so many want to start they own business is because u can get fired for no reason. being it's own boss gives you at least the freedom to not always live in fear of being fired if you do something that the company does not want, like getting pregnant, i have read enough stores of companies firing pregnant women and i cannot believe it's legal to happen. in europe at least that part is gone, you sta…
America just chooses more freedom than government mandated security. There's some slight trade-off but it is nowhere near as problematic as media makes it seem.
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Sure, because nobody has ever taken a loan to start a business before. And VC funding doesn't exist. And mortgages are a falsehood. And companies are never bootstrapped either. I guess eventually owning a factory is just impossible right?
How do you get a big loan without collateral? VCs might be interested in your app but not in a random bakery which is also a business of a type that is probably more common. Also VCs take a share which makes them the owner as well but oh well.
There are 10s of millions of business owners in America. Ask any of them how they did it.
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The point still stands. Rental caps mean it is very difficult to find a place to live in desired neighborhoods. Of course, you can find places outside the ring, but those would have been cheaper anyway! That’s not to say it isn’t sensible social policy. It is less disruptive to people who have lived there for a long time. But if you move for work, you will have to either pay a lot more than you would have in 2011, or…
I would hold that the better social policy is capping the cost of rent by allowing the construction of competitive housing stock. Either alternative is quite harmful: new housing is unattainable, either by defect of price or availability.
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It can seem expensive if you ignored the compensation your employer was paying while you were employed.
I think I've only had one job where the employer funded $ amount of my health plan was actually spelled out. My expected contribution was always made known at enrollment time but the employer contribution was left to blind speculation.
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> "If I were a top performer, I'd take a salary cut if it means saving my colleague's job." Would you, really? If you can get a job at FB/AMZN/GOOG/Netflix paying the same or more, would you really stay? Highly unlikely I think.
Yes, I would. Actually the higher the salary, the easier it is to give up a portion of the salary, at least for me. I understand your skepticism, but I would - I am single and my needs are small, so it is not like my kids are gonna starve.
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Not these days. Europe is doing much better than the US in terms of unemployment - wonder why?
The USA's unemployment rate in March 2020 (4.4%) was lower than the EU's unemployment rate in January 2020 (6.2%) according to a very casual Google search. I'm curious how you're drawing this. Are you saying the EU has lower unemployment today than it did in January?
The US short-term unemployment numbers are way up, because the US didn't do enough to help small businesses weather the storm, so they laid off their workforce. In contrast the EU supported their businesses and workers and consequently people are taking leave instead of unemployment.
[1] https://www.marketwatch.com/story/millions-of-lost-jobs-may-...
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All indications are that we are going to experience a not-so-great depression. Not a recession, an honest-to-goodness depression. 2020 will be down YoY in terms economic output probably across the world, and it wouldn't surprise me if that's not only true for Q2-Q4, but if it also lingers into Q1. My guess is that we will feel like things are growing again this time next year. Some economists are hoping for a better…
The markets seem to vehemently disagree with that entire narrative.
Also, it would be remiss of me not to point out that the markets != the real economy. They are correlated, but that correlation is not perfect. 20M newly unemployed Americans would disagree with you that things are largely unchanged from 3 months ago.