17 karma · joined December 1, 2015
On a more serious note, this was clearly anti-union. But there is some truth to the claims about profitability. I don't know if DNAinfo was profitable or not, but I'm not surprised their margins were thin. There are huge differences in tech adoption in publishing. A site like the Washington Post with a strong tech influence (i.e. bezos money) has an incredibly advanced ad tech stack and optimize the programmatic advertising market. They probably have complex models that price their ads based on historical data and user information, and they've begun to productize their CMS. Whereas publishers that rely on direct sales with brands struggle to stay afloat and without a decent-sized dev team, profitability can be a distant dream.
However, I also googled "steubenville hacker"[2] and found a number of other articles confirmed this story. Most were published in the last 10 hours so I'm confident that major publications aren't avoiding this story because it's false, but rather, they haven't picked it up yet.
[1] https://en.wikipedia.org/wiki/RT_(TV_network) [2] https://www.google.ca/search?q=steubenville+hacker#q=steuben...
That leaves 132 million people drawing from $930 billion, which means everyone gets $7153. For everyone to get $13,000, 71 million people would be allowed to qualify.
This doesn't take into account the taper at all, so it could be stretched to reach more people. But even if 60 million people receive 13k, which leaves ~2.5k for another 60 million, that's still less than 132 million and doesn't align with the author's 6.5k number.
All this is to say: I find the idea appealing because it reduces the cost of bureaucracy and creates autonomy, but I'm not sure if it's feasible.
Sources: https://www.ssa.gov/finance/2015/Overview%20SSA.pdf https://www.ssa.gov/policy/docs/quickfacts/prog_highlights/i... http://www.npr.org/sections/money/2012/07/16/156688596/what-... https://en.wikipedia.org/wiki/Social_programs_in_the_United_...
Anyone else agree that developer onboarding is a mess? (but also a pain in the ass to create and get right)