Tag: economics
-
The Rising Cost of Child and Pet Day Care – “Another way to put this is that to retain workers, wages in stagnant-productivity sectors must rise to match those in (equally labor-skilled) high-productivity sectors. That means paying more for the same level of care, simply to keep the labor force from leaving”
-
An example of coaching ChatGPT to be less wrong
Here is an example of how you have to steer the robot (ChatGPT, below) to the right answer. You can almost feel it trying to give you what you “want” (more like: what seems the predictable next words): Me: Did Ricardo use the example of the British sending wool to Portugal and importing port from…
-
Is it Euro-poor, or Ameri-poor? – Checks out on both sides.
-
Has DOGE missed its opportunity? – This is general advice for digital transformation, too. // And, on the actual focus,I mean: who could have predicted this outcome…
-
Consumers React To Tariffs With Concern And Caution – “4% of Democrats support the tariffs, and 26% of Republicans oppose them.” // Also, anecdotes of what people plan to do to deal with price increases.
-
Most Externalities are Solved with Technology, Not Coordination – ”Economics should emphasize the importance of technology as a solution to externality problems and focus less on social coordination.” // Does this apply to IT where we often say “technology is easy, culture is hard.”
-
What do tariffs on Canadian goods have to do with me? – Sherwood News – Bacon and lumber to be more expensive, among other things.
-
What is “O-Ring Theory”?
One bad apple ruins the bunch. The O-Ring Theory, proposed by economist Michael Kremer in 1993, describes how small failures in complex, interdependent tasks can lead to major breakdowns. Named after the Challenger disaster, where a faulty O-ring caused the shuttle’s destruction, this model applies to production, labor markets, and economic development. In an O-ring…
-
Why Skyscrapers Became Glass Boxes – by Brian Potter – ”Ultimately, it was economics (or at least perceived economics) that drove developers to embrace this style. Glass curtain wall buildings were cheaper to erect than their masonry predecessors, and they allowed developers to squeeze more rentable space from the same building footprint. Ornate, detailed exteriors…
-
America Voted For Chaos. The Markets Are Feeling the Punch. – Dumb disruption: “Disruption can be a positive force. But over the last decade, it has become a hand-wave that forgives and excuses irresponsible governance, poor decision-making, and financial incompetence. The reason you can’t run the government like a startup is simple: 90% or more…
-
Why it’s nice to compete against a large, profitable company – Because, they can’t lower prices on their core products least Wall Street freak-the-fuck out.
-
“…but there are also disadvantages”
This episode: AI is coming for your software job, or at least for the parts of it you actually enjoyed. Meanwhile, businesses are still stuck in pilot purgatory with generative AI, IT leaders remain unconvinced of AI’s ROI, and Java is apparently coming for Python’s AI crown. The economy may be changing not because of…
-
How Cloud Ingestion Pricing Eats Your Budget – ”Essentially, yes, the cloud can be cheaper — but only if you’re using it the right way.”
-
Observability: the present and future, with Charity Majors – “The main trend across the industry: consolidation. Companies try to control their bills.”
-
Swings and roundabouts – or slides? – “German policymakers made some strategic bets some decades ago that have backfired significantly over time: dependence on Russian energy, underinvestment, over-reliance on parts of the manufacturing sector as China has gained ground – in electric vehicle production for example – and a failure to keep up with digital…
-
Trying Times for Tech – “Microsoft is trying to socialise the costs of its AI investments because people largely don’t care about AI and don’t want to pay for it. Microsoft really doesn’t want The Line to notice how little demand there is for AI and would prefer to force customers to pay back the…
-
Some Simple Economics of the Google Antitrust Case – The case that people are free to change their browser defaults.
-
Parents’ Earnings and the Returns to Universal Pre-Kindergarten – “parents work more hours, and their earnings increase by 21.7%. Parents’ earnings gains persist for at least six years after the end of pre-kindergarten. Excluding impacts on children, each dollar of net government expenditure yields $5.51 in after-tax benefits for families”
-
DOJ, Nvidia, and why we restrict monopolies – “A company getting it right does not give it some kind of permanent license to coast while printing money. The question that all antitrust seeks to answer is simple: how much is enough? When do the well-deserved riches and power that accumulate to companies that make big…
-
Travel Spending On Track To Return To Pre-Pandemic Levels By End Of 2024 – ”Global travel spending is roaring back and will fully recover to pre-pandemic levels by the end of 2024, surpassing $2 trillion.”
You must be logged in to post a comment.