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Comment The real truth? Older == less exploitable (Score 1) 561

> Their CEO actively cultivated an age imbalance, bragging that he was "trying to build a culture specifically to attract and retain Gen Y'ers," because, "in the tech world, gray hair and experience are really overrated."

Translation : young people have little to no idea about their true value and I can exploit them with shitty options, bad contracts and bonuses because I can sell them on some startup dream a hell of a lot easier than I can trick someone who has 'been there, done that.'

Media

Wikipedia's Assault On Patent-Encumbered Codecs 428

An anonymous reader writes "The Open Video Alliance is launching a campaign today called Let's Get Video on Wikipedia, asking people to create and post videos to Wikipedia articles. (Good, encyclopedia-style videos only!) Because all video must be in patent-free codecs (theora for now), this will make Wikipedia by far the most likely site for an average internet user to have a truly free and open video experience. The campaign seeks to 'strike a blow for freedom' against a wave of h.264 adoption in otherwise open HTML5 video implementations."
Books

Submission + - New Explanation for the Industrial Revolution (hughpickens.com)

Pcol writes: "The New York Times is running a story on Dr. Gregory Clark's book "A Farewell to Alms" with a new explanation for the Industrial Revolution and the affluence it created. Dr. Clark, an economic historian at the University of California Davis, postulates that the surge in economic growth that occurred first in England around 1800 came about because of the strange new behaviors of nonviolence, literacy, long working hours and a willingness to save. Clark's research shows that between 1200 and 1800, the rich had more surviving children than the poor and that this caused constant downward social mobility as the poor failed to reproduce themselves and the progeny of the rich took over their occupations. "The modern population of the English is largely descended from the economic upper classes of the Middle Ages," Clark concludes. Work hours increased, literacy and numeracy rose, and the level of interpersonal violence dropped. Around 1790, a steady upward trend in production efficiency caused a significant acceleration in the rate of productivity growth that at last made possible England's escape from the Malthusian trap. Why did the Industrial Revolution first occur in England instead of the much larger populations of China or Japan. Clark has found data showing that their richer classes, the Samurai in Japan and the Qing dynasty in China, were surprisingly unfertile and failed to generate the downward social mobility that spread production-oriented values."

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