1,355 karma · joined March 2, 2017
I didn’t intend to imply that the problem could be solved by an army of people fresh out of boot camps with no senior level supervision.
I'm also realizing now that just because you "would consider it extremely daunting" does not necessarily mean that you don't think you could be a net positive contributor.
If you’re dealing with a reasonable person, you should be able to preface the question by explaining how having sufficient time off helps you do your best work and avoid burnout, and that you want to clarify expectations up front to make sure that you and the company are an ideal match.
It’s also of course a bit less risky to bring up this sort of thing a bit later in the interview process when you’ve built a bit of a rapport with the interviewer and ideally demonstrated your value somewhat.
You're right that the game theory is more complicated than it would be in a national popular vote contest, but I suspect that the optimal position isn't all that far off from where it would be in a single nationwide Hotelling game.
(1) Mostly, at least, I know they can of course run different ads and given different speeches in different states, flip flop, etc, but their reputation and messaging is inevitably going to bleed across state lines / time quite a bit.
Salary is arguably more important to an employee than the total cost of employing them is to the employer because for the typical employee their salary is close to 100% of their income, while labor expense is less than that for nearly all corporations.
I would be more confident in banks if they were required to carry some minimum fraction of their balances in cash in order to guarantee availability of funds.
That said, I'm re-reading the page that I linked a bit more closely and realizing that it doesn't just say "reserve requirements must be satisfied by holding vault cash" , it says "reserve requirements must be satisfied by holding vault cash and, if vault cash is insufficient, by maintaining a balance in an account at a Federal Reserve Bank".
It's not clear to me whether that "balance" at a Fed bank must be in cash, but even if it is, I'm realizing that the requirement I was hoping existed may not have existed even prior to this change.
TL;DR - Requirement for strong, local, cash reserves would be better than weaker requirements is better than no requirements. I'm not sure how close to the good end of that spectrum we've ever been, but where we are now certainly doesn't seem too good.
Note: Please do explain if there is some nuance that I'm missing here
1 - https://www.federalreserve.gov/monetarypolicy/reservereq.htm