It’s a sore point for many shoppers, who are ready and eager to spend more on designer clothes if only they were available: 78% of respondents in a recent survey of plus-size shoppers said that they’d be willing to spend more money if designers offered more options, and 80% said they’d likely purchase an item from their favorite designer if that designer made plus sizes.
File under “if anything, more money. Plus, bonus: morals!”:
More and more designers and retailers seem to be waking up to that fact. The market for plus-size women’s clothing is over $20 billion, by some measures
From Snap’s S-1, via Ben:
In a world where anyone can distribute products instantly and provide them for free, the best way to compete is by innovating to create the most engaging products. That’s because it’s difficult to use distribution or cost as a competitive advantage—new software is available to users immediately, and for free. We believe this means that our industry favors companies that innovate, because people will use their products.
Less than 5% of white men surveyed said they considered a lack of diversity a top problem. Three-out-of-four respondents were unaware of any initiatives to make their companies or portfolios more diverse. And 40% of male respondents were sick of the media going on and on about it.
Meanwhile, in political land:
the more privileged you are, the less that oppression personally affects you, the less urgency you perhaps have to get involved in the fight.
According to Shireen Mitchell, activist and founder of Digitalsista, much of the reason women of color are so often on the front lines is because it’s work that needs to be done, and they don’t see anyone else stepping up. “Women of color are always taught to build community to get things done, and in my opinion, most white men are taught that they can only succeed if they are the ‘savior’ for the community. With this mindset, they know they can’t really do that job when it comes to inclusivity because of their inherent bias.”
As those stats on hiring above show, there’s plenty of room for white men to try new ideas out, e.g.:
That leads to white people, especially white men, waiting to act until they feel they will be acknowledged and congratulated for their work. “What we need is for them to take initiative, grow from being uncomfortable and making mistakes. Use their privilege to elevate those who are taking the lead and not add to taxing or using their labor,” says Mitchell.
At first, you’re like, “oh, another piece where someone makes fun of us nerds and misunderstands our damagingly sarcastic way of saying everything that belies the privilege we all live under.” Then you’re like, “oh, this is actually a good piece.” E.g.:
Human rights work attempts to prevent the abusive deployment of power against those who have little of it. While technology might disrupt some power structures, it might also reinforce them, and it is rarely designed to empower the most vulnerable populations. Human rights defenders are innovative, and they have used software to do work it wasn’t designed to do, such as live-streaming police violence against civilian populations to press for government accountability. But perpetrators of mass violence are innovative too. Software alone is unlikely to provide clear human rights victories.
Assuming that adopting the tool is feasible, do the benefits this tool provides outweigh the cost of disrupting your existing workflow?
People rarely consider that, in all walks of life.
Source: Tech folk: ‘Move fast and break things’ doesn’t work when lives are at stake
That chart is in millions, i.e., 260m in 2016; the write-up on Quartz is a little wonky in that respect.
From IDC: “Annually, shipments of traditional PCs slipped to 260 million units, down 5.7% from 2015.”
Source: Worldwide PC sales are exactly where they were in 2008 — Quartz
Today, nearly 45 percent of trading is done electronically, according to Coalition, a U.K. firm that tracks the industry.
Average compensation for staff in sales, trading, and research at the 12 largest global investment banks, of which Goldman is one, is $500,000 in salary and bonus, according to Coalition. Seventy-five percent of Wall Street compensation goes to these highly paid “front end” employees, says Amrit Shahani, head of research at Coalition… Investment bankers working on corporate mergers and acquisitions at large banks like Goldman make on average $700,000 a year, according to Coalition, and in a good year they can earn far more.
Automating those $700,000+ meat-sacks:
Goldman Sachs has already begun to automate currency trading, and has found consistently that four traders can be replaced by one computer engineer, Chavez said at the Harvard conference. Some 9,000 people, about one-third of Goldman’s staff, are computer engineers.
Finding the things to automate:
Though those “rainmakers” won’t be replaced entirely, Goldman has already mapped 146 distinct steps taken in any initial public offering of stock, and many are “begging to be automated,” he said.
To be all double-turns-out about the grim automation stuff, in theory, this could mean hiring more programmers and people who support those robots, bringing down those big chunks of cash from “rainmakers” and spreading it down to “lower” grade staff. Of, you know, the bank can just keep that money and trickle it up to execs and share-holders.
Source: As Goldman Embraces Automation, Even the Masters of the Universe Are Threatened
“In the drone industry, it seems counterintuitive, but we actually want regulation. And not having regulations is putting a halt to the growth of this industry,” says West.
As ever: don’t make blanket assumptions about complex systems, here: all the regulations put in place by the federal government.
Some intersting history of how Facebook grew users. Of course, this the case study is for a free service, that focuses on a high volume of users. I.e.: not an enterprise sales business that charges $3m+ per user-cum-customers.
Contextualizing aside, there’s some good product thinking:
Better know what your product is good for:
Knowing true core product value allows you to design the experiments necessary so that you can really isolate cause and effect.
Getting people to realize your product is useful, understanding and the wanting the value-prop:
“Once you understand core product value you can create loops that expose that over and over again. You have to work backwards from ‘what is the thing that people are here to do?’ ‘What is the A-ha moment that they want?’ and giving that to them as fast as possible.”
The clock is ticking, the cash is burning:
“Startups only have so many opportunities to run an experiment in the product, and they’re also time bound by the cash they have in the bank. With that said you need to run experiments that matter.” “Experiments that count when you are using smaller samples have to be incredibly thoughtful.”
You’d think that would favor large organizations who have the scale of people, time, and money…if only they can switch over to this way of thinking.
Your best customer is one you already have:
Retention is the single most important thing for growth.” “Retention is the number one thing we focus on at Facebook. You can’t trick users into doing that.”