Quote: Ted Chiang on the risks of A.I.
·170 words·1 min
Quotes machine learning capitalism economics ai
Ted Chiang has penned an insightful column on trends in A.I. and it’s dangers as an accelerant for the worst elements of late-stage capitalism. His comparison to McKinsey— whose role in corporate policies has been destructive to the middle class —is especially apt.
A Minimum Wage of $70,000 a Year
·105 words·1 min
Articles business wages culture politics economics
The New York Times reports that a Seattle-based company has announced that they will be increasing the minimum wage for all of their employees to $70,000 per year. “The market rate for me as a C.
·62 words·1 min
Articles bitcoin economics politics tech
Nik Custodio has put together a wonderfully easy to read primer on Bitcoin titled “ Explain Bitcoin Like I’m Five”. I think there are valid concerns out there about Bitcoin (more of that another time), but it doesn’t stop it from being a remarkable technological achievement, and this article does a good job of explaining it in layman’s terms.
Quote: Mike Monteiro
·109 words·1 min
Quotes feels poverty economics human condition culture
Every night, homeless people construct their nightly shelters outside the Quaker meeting house. Quakers will not make you leave. And have a high level of empathy. A few weeks ago I was walking home and there was a woman, a homeless woman, setting up a space.
The sting of poverty
·87 words·1 min
Articles economics philosophy poverty psychology
This is an interesting article covering an theory advanced by Charles Karelis that traditional economic theories don’t apply to the experience of the poor. The idea being that when living in poverty, "we see the world around us not in terms of goods to be consumed but as problems to be alleviated.