Lol I can’t believe the editor signed off on this.
When downplaying something positive: “35,000 promotions sounds like a lot, but it’s actually tiny!”
When talking about how bad they are: “more than 4,000 employees on food stamps!!”
What an embarrassment for Bloomberg. 1/n
Bloomberg journos find very representative examples of ‘Desperate Homeless Amazon Worker’ and ‘Good Paying Union Job Worker Who Vacations On Lake Havasu With His Boat And Was Definitely Not Introduced To Journos By Union Reps’ 2/n
Oh look! A picture of ‘Good Paying Union Job Worker Who Vacations On Lake Havasu With His Boat And Was Definitely Not Introduced To Journos By Union Reps’ – unexpectedly wearing his Teamsters t-shirt. Wonder how @mattmday and @spencersoper managed to track him down.
Hard hitting quote from ‘Very Serious Apolitical Economist’ who can’t believe warehouse jobs exist in America. I wonder what the extremely neutral Economic Policy Institute’s affiliations are. 4/n
“We’ve already thrown a lot of serious-sounding facts and figures at them, I think we’re good to just start making sweeping unsupported statements now,” said the journos. 5/n
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1/ Stedi is now fully-distributed, and we're hiring serverless engineers & designers to build one of the last missing pieces of global infrastructure: a commercial trading network to automate the trillions of dollars in B2B transactions exchanged by every company on Earth.
2/ We have one goal: to process every B2B transaction on the planet. We are driving towards this goal with six tenets - many of which led us to a 100% serverless, AWS-native approach, and all of which strive towards an ideal of what we call 'Zero Touch Operations.'
3/ Tenet #1: Design for operational efficiency at any scale.
Our systems should scale ad infinitum with minimal toil. The goal is zero touch operations with no knobs to turn or buttons to press.
Hanks getting it shows normies that anyone can get it. Trump speech means MAGA crowd doesn’t have to hold the partisan ‘virus nothingburger’ line anymore. NBA suspension means it’s okay to cancel without looking like a nut.
If 2008 was the big business crisis, 2020 is the small business crisis. ~All events cancelled by EOW. Schools end of next week. SMB implosion starts shortly thereafter. Few can weather a 2-3 month cash flow disruption, and SBA can’t deploy funds fast enough to get ahead of it.
Fascinating. Since Walmart, Home Depot, et al have third party marketplaces, they would have to eliminate all of their private label products, which would ~double the cost of common household items for poor people. Oh well, it's for their own good. medium.com/@teamwarren/he…
Google Search would have to be spun off from Ads but nothing will change w/your search experience. Nevermind that 87% of Google's revenue comes from ads; when you don't need to worry about realities of business, it's easy to imagine how companies will just magically make it work.
FINALLY. Google's acquisition of Waze will be reversed, and only tech nerds who use the obscure Waze app will be able to benefit from less traffic. All of the less-wealthy, less-educated people can go back to sitting in traffic in between jobs.
Perhaps the best description I’ve seen of why learning is important for anyone building something, physical or virtual: the quality of your decisions is governed by the mental patterns available to you at the time of decision-making.
(book is ‘The Timeless Way of Building’)
“Your creative power is entirely given by the power of these patterns...the only way of acting fast is to rely on the various rules of thumb which [you] have accumulated in [your] mind.”
I find myself less worked up about this topic now that I understand the position better. Proponents want to reduce income inequality, full stop. Either the gov’t takes 90%, wealthy are disincentivized to work, or they leave the country altogether. Proponents see a win-win-win.
I very strongly disagree, but it is much less maddening when you realize that there isn’t a misunderstanding of what the effects will be.
I think it’s important to recognize that a 70%+ tax bracket would eliminate outliers. With a 70% bracket, we wouldn’t have SpaceX or Tesla - not because it would have disincentivized Elon Musk, but because he needed every cent of his PayPal exit to keep both companies alive.
1. It’s a problem of perspective. Large companies worry about lock-in because *their* strategy is to lock customers in and then raise prices - so, naturally, they are fearful of this happening to them. They think low prices are a sales gimmick, not a long-term strategy.
2. No one wants to get fired. BigCo tech projects are always over budget, behind schedule, and under-performant - making it worse by going multi-cloud won’t get you fired. But if the ‘lock-in’ boogeyman shows up one day and it’s your fault, you’re fired.
3. All of their peers are worried about lock-in. It’s better to be mediocre, die slowly, and have it be everyone’s fault than it is to do something different & have it be your fault. “No one ever got fired for going multi-cloud” is the new “no one ever got fired for buying IBM.”