Tag: economics
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The employment effects of a guaranteed income – “1.3-1.4 hour per week reduction in labor hours.” // Yes, and: if we buy into the premise that a lot of work is Bullshit Work, this isn’t enough, we need more like six to 8 hours of wasted time to convert to living, not sitting in inefficient…
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The Silicon Valley Would-Be Vice President – Those capital gains taxes always stick in folk’s craw.
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Jevons paradox – When you automate something very valuable (or just “costly”), people demand more, and more complex product. This pulls in more need for labor that can do the more complex work. Hopefully.
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Generated images for non-generated text and video – ‘It’s only a matter of time until “generative art = spammy bullshit” will be the majority position because that’s how the economics of it are playing out. Using extruded synthetic art will not do your writing or video any favours in the long run.’ // I mean,…
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Do software companies actually have good margins? – ’In other words, software development costs are COGS. Not literally; not according to the accountants. But in practice, if you can only sell SaaS software—and retain customers—by promising a steady stream of new releases, how are the expenses associated with developing those releases functionally any different than…
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‘This shit’s so expensive’: a note on generative models and software margins – “The fundamental problem with generative models is that they are 10x too expensive to work with the industry’s default business models and structure. Either these companies who are going all-in on ‘AI“‘need to fundamentally change everything about how they work – laying…
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The S&P 500 is largely a historical artifact – Index funds.
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A new way of thinking about open source sustainability – If you’re using open source components in your IT stack, don’t forget that long term reliability and stability is costly, and worth paying for.
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It’s Not You, It’s Me: What It Really Means When Budget Is The Reason For The Breakup – Something that’s not useful isn’t worth paying for.
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Halloween creeps a little closer: Seasonal supply chains accelerate – “Among outfits, the best performers have been those linked to clowns, which increased by 43% year over year” // Somewhere, there’s a financial analyst who really cares about the increase in clown costumes this Halloween.
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Bike maker VanMoof also files for bankruptcy in Germany – I had no idea that this luxury bike company was in such bad shape. Their bikes sure seem awesome, but are hella expensive compared to the €80 beaters you can get that, you know, do the job just fine.
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The Pessimism Problem Continues to Grow – It’s 60% now: ’Back in 2020, I wrote a post titled “The Pessimism Problem.” We had completed a survey where 54% of respondents agreed with the statement “We regret nearly every purchase we make after the subscription agreement is finalized.”’
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Datadog’s $65M/year customer mystery solved – “Above $2-5M/year annual spend is where bringing a vendor in-house tends to come up. And this is because it is around this number where the cost of hiring a whole team to do what a vendor is doing can theoretically make sense.”
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🗂 Link: Uber’s no-good, terrible-rotten bad Q2 loses more than $5 billion
There’s yet to be any real evidence that Uber’s business model will ever do anything other than burn investors’ money to make traffic worse. Source: Uber’s no-good, terrible-rotten bad Q2 loses more than $5 billion
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Link: Dutch now pay more on housing, healthcare and energy than before the crisis: ING
In 2017 basic needs such as housing, healthcare, food and energy accounted for 41 percent of household spending, compared to 36 percent in 2008. Housing and maintenance in particular became a relatively larger cost item, increasing from 19.5 percent in 2008 to 23.7 percent in 2017. Healthcare accounted for 3.8 percent of household spending in…
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Link: Why Did WOW Air Fail?
For one, there’s tons of competition on transatlantic routes. Not only from ultra low cost carriers, but the reality is that nowadays even legacy airlines have incredibly low transatlantic fares, because they know they have to compete. $400-500 roundtrip fares on major carriers are the norm in the off season. When fares are that low,…
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Assume that rivals will exercise their options
If you give someone an option, even if it seems like one you don’t want, assume the worst and act/protect yourself accordingly: In the Rent-A-Center deal, there was actually a lot of work to do, and it distracted Vintage from the extension deadline. In the Van Halen deal, there wasn’t particularly, so Monk cleverly created a lot…
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🗂 Why Ketchup in Mexico Tastes So Good
> Take a look at the fare available in the typical convenience store. It should be called the corn store. www.aier.org/article/w…
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Link: The Economists books of the year, 2018
That’s a lot of books, fiction even. Original source: The Economists books of the year, 2018
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