• 0 Posts
  • 102 Comments
Joined 1 year ago
cake
Cake day: July 2nd, 2023

help-circle

  • Sellers raise their prices because they have buyers ready to pay that higher price.

    Say your have the best restaurant in town and you have a line down the street and everyday you sell out of food before lunch. If you raise your prices the line will get shorter as some of your more price sensitive customers decide to go elsewhere. Keep raising them and your shop will be empty as nobody wants your food at those prices. The “right price” is where you get the most money you can for the work that you do in a day. Right?

    You should be looking at your wages exactly the same. Ask for 10k per hour and you’re going to be jobless. As for 5 per hour and you’re gonna have lots of offers but not make enough money. Try to find the “right” wage. This is why wages have been going up faster than inflation pretty much every quarter since some time in 2022.

    And no, we shouldn’t punish you or our hypothetical restaurant owner for setting your prices properly.

    Also, taxes don’t remove money from the economy so it would be neutral from an inflation standpoint. But that’s a much longer story.


  • This comes from a memory of a digression during a lecture in an ecology class I was in 20yrs ago… so you know, grain of salt.

    From this particular professors point of view. Symbiotic was the term to describe mutualism until recently. And then. A few papers started using symbiosis as an umbrella term for all relationships with sub-terms to describe the “benefits math”. This, to him, was annoying pedantry. But eventually all the textbooks adopted the new hierarchy of terms and the world moved on.

    If you took a biology class with a text published pre-2000s, it’s very possible that your book described symbiosis as a mutually beneficial relationship between species.

    Long story short: the language is fluid and ever changing, even in science fields.


  • Pohl@lemmy.worldtoTechnology@lemmy.worldAre We in an AI Bubble?
    link
    fedilink
    English
    arrow-up
    39
    arrow-down
    2
    ·
    6 months ago

    Nvidia is making a thing and selling it. No matter what happens with AI tech, they are going to keep their winnings.

    Everybody else… well they borrowed/raised and spent a FORTUNE on R&D, chips, and electricity to make a product that has no realized commercial value (yet?). They are either going to figure out where the money comes from soon or the bills gonna come due. The next 12 months are going to be popcorn worthy if you like watching the tech industry.





  • People’s take on this stuff always seems so naive to me. All war ever can be viewed as an attempt to arrest the leader of another group for “crimes”. When you get arrested… that means you lost the war. Winning a war means you didn’t get arrested.

    The ICC is such a silly stupid waste of human attention. It’s like an idea that children came up with after watching Star Trek. It has no utility whatsoever for our species. We fight, we have winners and losers. If you start a fight with somebody stronger than you, you are gonna have a bad time. If you start a fight with someone weaker than you, others will think you are dishonorable. That doesn’t mean you get arrested.



  • “Privacy” means two different things depending on the audience. For me privacy means that my information is not being used to advance some organizations commercial interest. For others it means that my information will never be shared with a government.

    Don’t advertise to me

    Or

    Don’t narc on me

    I guess I don’t really expect a company to resist pressure from government agencies on my behalf. Especially if I have been using their service to commit crimes in my country. If you are doing things your government would prefer you didn’t, hire a good lawyer and consult with them about what should be sent via email (spoiler, it’s nothing). The mafia doesn’t send emails, or put anything in writing, if you do crimes, you shouldn’t either.



  • It’s the same thing the right does with government. It is a truism that there is all sorts of “inefficiencies” where the money is going to the wrong people for the wrong stuff.

    In both cases, it’s sort of correct and sort of wrong. Corporations, governments, and any human institution beyond a certain scale (a few hundred people), will leak wealth into places it shouldn’t. It’s an unavoidable feature of our species as best I can tell.

    It’s fine to accept it, it’s fine to be angry about it. It’s silly to blind yourself to it in some places and whinge about it in others.


  • Pohl@lemmy.worldtohomelab@lemmy.mlWTF is up with switches?
    link
    fedilink
    arrow-up
    11
    arrow-down
    1
    ·
    edit-2
    7 months ago

    Your question exposes a language problem.

    A router cannot do that. A router connects two networks together and routs traffic between them. That is it.

    A home “router” is a combination device that includes a router, a wireless access point, maybe a modem, a managed switch, a dhcp server, a firewall, and more.

    If you need a managed switch with more than 4 ports… you buy a managed switch. It is simple.




  • Amazingly native English speakers the world over seem to have this genetic predisposition! All of us just can’t seem to get it together when it comes to becoming multilingual.

    OR… maybe it comes from being born into mastery of the language everyone else on earth is trying to learn. I get three words in Spanish out before my conversation partner asks to switch to English. What am I gonna do? Stamp my feet and demand I get to practice my hobby and deny them the opportunity to work on a valuable career skill. Nah. We’ll speak in English.

    Your ancestors (assuming you are British) created a global language hegemony. My ancestors moved from southern Italy to the US and learned their language.



  • Wall Street investors gave him the money. Him knowing that they would be dumb enough to give it to him is the reason he got it. Which is a weird way of “earning” money but it kind of is.

    Despite our feelings on the company, Wall Street ate that shit up, thus his equity package is worth all that money. Why did Wall Street like Reddit stock so much? I sure don’t fucking know, which is why I never thought to ask them for hundreds of millions of dollars for a company that loses money hand over fist.