Earlier quoted context omitted.
Yes you're right, no one person made it this way - that was a rhetorical efficiecy on my part. I meant some broader human "we" made it this way. People, us.
It's not just a rhetorical efficiency though. Phrasing it that way makes it feel like it's a lot easier to change, cause we can imagine personally overcoming a single person. That broader human "we" is the deterministic historical process that is insurmountable for any one person. It can only be contested with a countervailing historical process when people organize and cooperate, and that's a lot harder to get rolli…
“Great resignation” wave coming for companies
951–960 of 1001 posts
Re: “Great resignation” wave coming for companies
#952Earlier quoted context omitted.
I think he may actually be wrong, maybe... All costs are payroll costs in an abstraction interpretive sort of way. The non-pay roll-costs such as materials goes to pay other people to make and supply the materials. The cost of steel really is the cost to pay another group to mine, refine, and distribute the steel. Every accountant item I believe can be conceived this way.
Capital investment. No one is going to provide capital if there is 0 return. Basically Y Combinator (incl this site) would not exist.
Congratulations, guys, you're well on your way to reinventing Marxian economics.
Re: “Great resignation” wave coming for companies
#953Earlier quoted context omitted.
I think he may actually be wrong, maybe... All costs are payroll costs in an abstraction interpretive sort of way. The non-pay roll-costs such as materials goes to pay other people to make and supply the materials. The cost of steel really is the cost to pay another group to mine, refine, and distribute the steel. Every accountant item I believe can be conceived this way.
Capital investment. No one is going to provide capital if there is 0 return. Basically Y Combinator (incl this site) would not exist.
Re: “Great resignation” wave coming for companies
#954Earlier quoted context omitted.
Post-scarcity just refers to a time after scarcity, which is defined as limited resources. In a world that is post-scarcity, everyone can have everything they want (materially) without infringing on anyone else's ability to have the same. The reason it gets brought up is because the moment one person's needs or wants infringe on another's, there needs to be a way to decide who gets what. Generally, this is what peopl…
By definition, this is impossible to achieve. Assume that some person says I want what everyone else has. There is no post scarcity. It is better to think of it as meeting a set of pre-defined needs. These needs can change over time. for e.g., internet access. But framing it as wanting everything I could possibly imagine is a straw-man.
Re: “Great resignation” wave coming for companies
#955Earlier quoted context omitted.
Ironically, that’s mainly because all ad exchanges ban crypto ads. Google has actually reversed course on this [1] and soon you’ll start seeing crypto ads too. Sadly, I already see tons of crypto related ads on Instagram already. Also, I’m not sure which digital newspaper you refer to, but I see articles about crypto pretty much on a daily basis on most websites. [1] https://news.bitcoin.com/google-new-policy-cryptoc…
You can't have crypto ads without, y'know, ads. QED.
Re: “Great resignation” wave coming for companies
#956Earlier quoted context omitted.
Why not train a bad hire ?
Training a 'bad' hire requires taking 'good' employee out of circulation for a while and, depending on what way they are bad, might not lead to anything anyway.
Re: “Great resignation” wave coming for companies
#957Earlier quoted context omitted.
>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…
I did. I took a year and sailed. Sold my house and used some savings. I couldn't have done it if I had kept my house though. I was mid 30's at the time (40 now). I don't work in the valley though, I just do data and analytic design for corporations so finding a new job only took a week when I moved back to Columbus, OH after sailing. While I did figure out I didn't love single handing a sailboat long term I don't reg…
Re: “Great resignation” wave coming for companies
#958Earlier quoted context omitted.
Doesn't university student already imply financial security? I don't know how socialist education is in the UK nowadays. I know in the Netherlands it used to be that your education is effectively paid for (either free / you get a scholarship like I did, or a very attractive loan scheme). But they changed the system so it's a loan for everyone now, which will put a damper on how many people go to college / university…
It's a bit above £9000 a year but everyone gets a student loan guaranteed, same with some level of means tested maintenance loan. This means that it's usually a "free" upfront cost to go to uni, however you eventually have to pay it off once you become financially eligible to do so
Re: “Great resignation” wave coming for companies
#959Earlier quoted context omitted.
Capital investment. No one is going to provide capital if there is 0 return. Basically Y Combinator (incl this site) would not exist.
Another example of reinterpreted payroll costs. Different payment scheme but still paying some other people to be money supply for a business(equity).
Sure you could look at capital investment as a form of payroll, but it's going to heavily skew the numbers and now GDP is not a great way to estimate if we can afford to pay a livable wage simply by looking at GDP.