The average life expectancy in the 1920s, even in India, was most definitely not 21-25 years. Various sources show the expectancy age as 51-57. This is because there wasn't enough data for this.
Except now you also team up with people who are adept at sales, marketing, accounting, etc. now to form a cooperative instead of a corporation. Maybe workers can get back some of the rights and fruits of their labor.
This is funny, because these exact same things were great filters to eliminate BS candidates. It's always the ones who talk a big game who tend to be the worst when the tire meets the road.
Some of the absolute best candidates were always the ones with a github that hadn't seen a commit in half a decade, nary a presentation or conference mentioned in their cv. This was true at two different FAANGs and a couple of other FAANG-adjacent companies.
Exactly!
I was in university around that time. Our team project needed a non-public repo for us to sync to. Free/Personal Github at the time did not allow for private repos, so I just used my Dropbox folder as the "server". Worked well enough for a bunch of students to use that as a centralized repo.
What happens when private industry colludes to decide what "market" wages are?
This has literally happened even in Big Tech, leading to lawsuits within the last decade.
If a business can't pay a person working full time to satisfy their basic needs, their business model is not viable. If they can and don't pay so, it's plain exploitation.
Ex. Walmart employees can't support themselves and rely on social services despite having a full time job.
Do you feel the same way about all of the companies that are not profitable and only are in business because they have a website with “.ai” and they can get funding from YC?
While the first generation American has to scrounge up for a franchise that only nets $70K a year?
That's comparing Apples to tortoises.
If an investor wants to invest/gamble on a startup, it's their prerogative.
Same as if Bob's uncle wants to give him a small loan to buy into a franchise.
I still expect both of them to pay rightful living wages to their employees.
Owner's business problems are not the employees problem
Firefox has been far faster for me than chrome ever was (I have way too many tabs open that the same number would make chrome chug).
It is also an interesting take to have while defending a browser that is actively hostile to the user.
So you want talented individuals to come in to prop up the economy for decades with their output, but forbid them trying to establish a normal family life in the country?
Just see the language they use, "third world" countries. .. As if the lead pipe laden cities of USA, the Fentanyl Zombie camps, the disfunctional and predatory healthcare system, the incessant and consistent child deaths to guns in schools isn't somehow "third world".
Notice that your comment doesn't deal at all with the topic at hand or anything I said. Like, what's your point? The USA isn't any better to live in than a country like Nepal? Cause that is just...so ignorant and insulting to people that can't get out of those countries...its really hard to describe how insensitive you are being by saying something like that.
Im fully aware of the 3rd world conditions in the USA. Its why I choose to remain in Canada (which has its own 3rd world conditions if you look for them), and have voted for the far left party each election ive been able to vote in!
There are talented individuals here that can't establish a normal family life IN THE COUNTRY THEY WERE BORN IN because the government keeps driving down wages by importing third world desperation.
Lol no. How do you get that from my comment. There's a huge difference between 0 immigration and uncontrolled immigration and you guys aren't helping anyone by jumping to these ridiculous conclusions.
To be clear, ANY US Citizen or Permanant Resident can eventually bring in some families after an arduous and long process.
This is a non-existent issue with H1-B.
The current wait times for an H1-B from the Rest of the World(ROW) is around 10+ years to be a citizen.
For India/China/Mexico, it's around 12-27 years to become a Permanent Resident if they applied for their I-140 before 2020.
If they applied after 2020, it's currently estimated at 34-75 years!
Oracle is the one to look out for if/when the bubble bursts. Most of the big tech will be fine, albeit hurting for a while. For Oracle, this might be existential.
But there would be other consequences too, just consider the philanthropic organizations that Larry Ellison supports! Like the Ellison Medical Foundation, a non profit whose sole purpose is to keep Larry Ellison alive as long as possible!
Larry Ellison owns 40% of Oracle ($625B market cap) as of today. So even if Oracle tanks and becomes a $60B company (10% of what is worth today), Larry will still be a billionaire worth $25B. He will keep his private islands and yachts.
Please stop. This kind of rage-posting is not what HN is for. It's fine to think whatever you want about Mr Ellison or any other tech luminaries, and criticize them for whatever you like. But commenting in this style does nothing to harm Ellison, whilst making HN a dismal place for your fellow community members who do actually read what you post.
Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life.
Sam Altman has been playing 6-D chess this entire time, and we thought he was just a fraudster.
In a universe where all AI investment goes to zero, wouldn’t you have the opposite effect? You can torch wealth but not the money supply, which ultimately _increases_ inflation, not decreases it.
There is only a short term inflation decrease while we produce what people mistakingly think is wealth. That can evaporate, but the money supply won’t.
It's confusing, but bankruptcy destroys mainly money, and only has second order effects on wealth.
What makes it hard to understand is that the Oracle going bankrupt on their debit because OpenAI took all their money is what would destroy the money. AFAIK, OpenAI itself doesn't have a lot of debit to burn. It would burn money that is currently on the hands of Oracle's creditors.
And bankruptcy is a bit of an extreme example, but just people thinking Oracle is less credit-worthy would destroy some money already. Repeat that for every company that invested in OpenAI.
>Maybe the entire purpose of OpenAI was to suck all the inflation the US government created on the last decade and burn it out in a huge bonfire at the end of its life.
This has seriously crossed my mind as well. Like we've reached an endgame here where big tech has now found a way to literally burn off trillions of dollars into waste heat.
Don't they still sell a database product? As long as they don't do the Venture Capital thing and sell off the most promising business units there should still be something for the company to do after the AI bubble implodes. Certainly there will be a lot of layoffs, and maybe even a chapter 13, but I don't think they'll stop existing.
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