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Comment Re:Going to change everything (Score 1) 162

IANAEconomist either, but it's not too hard. If all your basic needs are being met cheaply, and you have money left over, then you spend it on other things. You hire a hairdresser to cut your hair. You hire a gardener to mow your lawn, painter to paint your house. You spend more money on entertainment and tourism ("spring break" holidays didn't exist as a thing for most people, not so long ago.).

And more things like those get invented, so long as there is enough demand for them. There are new industries that could take off if there was a mass market. Personal trainers. Life coaches. Personal shoppers, interior designers and style consultants. Time management tutors (GTD and the like). Probably many, many other new or currently tiny industries, all of which have this key characteristic: the value of them lies in the human touch, so no robot could ever do them. If lots of people had money, *some* of those ideas would take off.

In our world, though, some clever entrepreneur dreamed up nail bars, because these days a 15-minute manicure is all that most people can afford to spend on themselves as a luxury. Those other things above? We need median income to go up in line with productivity, as it used to do before 1975.

But also...

The bulk of the money freed up by cheapening food, clothes, and personal effects has gone into zero-sum competitions. Moving to a neighbourhood with "better schools" for the kids--that is, buying a more expensive house than you would have otherwise.The combination of high demand and a fixed supply just drives up the price of property in those areas. No value is created, except in the lawyers' and agents' fees.--relatively minor and infrequent. (The sellers just trade up, mostly, so the extra money they have just goes into another zero-sum competition for status somewhere else.) Likewise families compete to get their kids into "good universities". If the number of positions is fixed, then the extra money you spend is just going to the gatekeepers -- see below.

This kind of problem, where the value of what you buy lies in the position relative to other people that it gives you (i.e. status), is a never-ending spiral. Not so easily fixed.

Biggest problem. Income and wealth are rapidly concentrating.

Really wealthy people mostly trade already-existing things among themselves, rather than invest in businesses that employ people and craete new things. A better house in a better neighbourhood. A house in the Hamptons, or sell the old one and buy a better one. A pearl necklace once owned by $celebrity, or an artwork by $long_dead_artist. Stocks and bonds. Gold, if they're that way inclined. A third home in some out-of-the-way but safe country, or a "ranch" to go riding on. Those sorts of purchases contribute virtually nothing to the economy, apart from agents' fees, which are one-time expenses and the (low) wages of (a very few) staff. How many people do these purchases employ? Not many, compared to an exercise gym, engineering consultancy, or a movie studio -- investments that actually grow the economy. Sure, rich people do employ some people. Hotel staff, their own personal staff, couturiers, jewellers, etc. But those expenses are very minor compared to their income.

Productivity is good when it increases employment and the real wages of those at the bottom. Wait, it's actually the other way around. If poor people had more income, they would spend more on the things that tend to employ people like themselves. With more money going around entrepreneurs would spot opportunities to sell new mass-market products and services, and employ more people, in a virtuous circle. With money circulating among the rich, entrepreneurs find ways to tap into that. Like Bernie Madoff. Or Goldman Sachs, some employees of which openly called their clients "muppets".

Two exceptions. One, health care. That's labor-intensive, and old rich people will spend *a lot* to stick around, enjoying what they've got. And healthcare is by far the fastest growing employer in the country. Two, security. old rich people will spend a lot on security. Gated communities, body guards, politicians, insurance for their stuff: whatever they can do to cut down the chances that they might lose some status, safety, income, or property. Security isn't *yet* very labor intensive, but that may change...

Right now, the best hope for employment is that having a large household staff becomes a status symbol for rich people. So you can be some rich person's trophy employee.

Comment Re:because it matters? (Score 1) 381

You are arguing against the received wisdom in academia. You need to support your assertion with something more than a link to YouTube.

Industries in which women are the majority mostly have lower wages than those dominaged by men.

The news.com.au article that AlternativeIdeas links to makes exactly this point, albeit in a backhand way. A woman electrician has rarity value, besides the fact that a woman who self-selects into a male-dominated industry is likely to be more highly motivated than the average worker to do well.

So: let's have some actual evidence, please. Statistics and stuff. In the mean time, the simplest explanation for code.org is that it's an attempt to keep coders' wages depressed.

Comment Re:How many humans does the farm require? (Score 1) 65

... I'm pretty sure that the rich will need something to do with all of that money.

The rich are different. They buy positional goods in competition with other rich people. Entry to Harvard for their kids. Famous artworks and jewellery pieces. Trophy houses around the world. Yachts. Football teams.

A couple of observations: the rich buy from each other, in a competition for status and/or security. And the goods they buy don't have a low labor component in their value--most of their value derives from intrinsic scarcity.

The best hope is that rich people decide that one way of competing positionally is through having large staffs. The non-rich can then become trophy employees.

and the voting majority won't let them keep all of it.

You'd think. But people seem to think that rich people deserve their wealth (which is of course nonsense, as most wealthy people are children of wealthy people and haven't done much to increase their wealth; or are simply lucky, like Justin Bieber).

As a result, many people vote against taxes that only affect multi-millionaires.

Comment Re:A shot at other OS, computer *and* device maker (Score 1) 471

Mac hardware has no more resale than PC hardware.

Not true here. People consistently pay more for used Macs than they do for higher-spec PC hardware of the same age and condition. Panasonic toughbooks--the real ones--are the one and only exception to this. But that's a market Panasonic has to itself, pretty much.

Value is what people are willing to pay. Reputation may be the cause, sure. But the reality is that the five-year cost of owning a MBP is reduced (compared to the counterfactual of an identically priced Not-a-Mac) because of its higher residual value.

Comment Re:A shot at other OS, computer *and* device maker (Score 2) 471

how about toshiba?
http://www.toshiba.com/us/computers/laptops/kira/kirabook13/KIRAbook13-i5-touch

$300 less, but has last-gen graphics, last-gen core processor, and a last-gen SSD that's 1/2 the size. it does have a touchscreen where the MPB does not.

Kirabook reviews: Makes an annoying noise under load, fan grille on the bottom (which makes it a tabletop), and reproduces the main flaw in the MBP keyboard - half-height arrow keys. Apparently a very good screen, although I couldn't find any charts showing color accuracy or sharpness.

Still costs 20% more than the equivalent MBP, where I live. Well, that's down from 50% more. Perhaps PC manufacturers are starting to realise why their stuff isn't selling.

Thanks for drawing it to my attention, though.

Comment Re:A shot at other OS, computer *and* device maker (Score 1) 471

Okay, the cheap laptops are not in the same league, but there are comparable Windows ultrabooks with excellent calibrated displays, similar specs, battery life etc. NEC's LaVie series, some ASUS and Samsung models, and of course Sony.

Apple laptops are not magic, or particularly good value. They are similar to the competition, it's just that no-one else has the Reality Distortion Field that makes them seem so much better.

NECs are hard to come by, here. For the good reason that some years back, they seemed to have terrible reliability. Rickety USB ports and power connectors, and loosely attached key caps. Display panels that went bung after a few months. Drivers that didn't drive, and caused problems with other software. All for premium dollars.

Somehow, no-one wants to distribute NEC, now. Reputation - years in the making, two bad products in the losing. For decades.

Asus, Samsung - where I live, models competitive to MBPs in most respects cost a third more than the Macs. Those with "excellent displays" used to cost at least twice as much, although in recent months the message from AnandTech and others seems to have started sinking in. I have my doubts about the durability of Asus frames and hinges, and the reliability of Samsung keyboards and ports, though... Time will tell.

Comment Re:A shot at other OS, computer *and* device maker (Score 3, Insightful) 471

Then you're an idiot and need to learn how pricing works....i5, 8gb ram, aluminum case pc laptop on newegg RIGHT NOW, $400. Comes with windows, and then add office for $140 more? Ohhh....soooo much more $ than a Mac!!

Nine-hour battery life with reasonable weight? A battery that lasts five years with only 30% decrease in capacity?

Reasonably well color-calibrated screen pretty much covering sRGB, with reasonable sharpness, viewing angles and brightness, which doesn't wobble or develop faults in a couple of years?

Accurate, pleasant-to-use trackpad?

Backlit keyboard, typing on which isn't uncomfortable, annoying, or error-prone? And which doesn't lose key caps when you sneeze or develop unresponsive keys?

Good durability? Good resale value?

Windows laptops with these features, the features that make the difference between resenting your tool and enjoying using it and owning it, do exist. Granted.

But every time I've looked for one in the last four years, in the place where I live, matching a Macbook Pro in the Windows space seems to cost between 50% and 200% more. And no Windows laptops match MBPs on resale.

I don't think Mac users are the idiots. I think I am, for refusing to buy a good tool at a fair price.

Submission + - Controversial cyber threat bill CISPA may return to Congress (blogspot.com.au)

quantr writes: After suffering defeat this spring, the controversial legislation aimed at preventing cyber threats, CISPA, may be returning to the Senate. According to Mother Jones, two senators are now working on a new version of the bill that looks to curb some of the concerns that kept it from initially passing. The goal of the bill will still be to make it easier for private companies to share information with the government regarding cyber threats, however the type of information that can be shared will reportedly be narrower in scope this time around.
As the legislation is still being written, it's not clear exactly how different its updated form will be. Mother Jones reports that Senators Dianne Feinstein (D-CA) and Saxby Chambliss (R-GA) are working together to draft the bill. "The goal is to allow and encourage the sharing only of information related to identifying and protecting against cyber threats, and not the communications and commerce of Americans," Feinstein's office tells Mother Jones in a statement. Feinstein in particular has been a major proponent for facilitating this type of sharing, having also been in support of expanding FISA.

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