13,462 karma · joined July 13, 2015
Everything I have ever said is only my opinion, and never that of my employer.
So many smart people here who are passionate about labor. Just make that into your company from day 1!
As a business owner I would never do this. But you could do that yourselves without coercing me into them!
https://www.electrive.com/2022/05/13/almost-1-3-of-san-franc...
There are... a lot of problems yet to be solved in the perfect electrified future. I hope it happens, if only to move all the pollution from cars to the power plants far away. I have found it hard to discuss the negative / illogical aspects with true believers, which is normally fine, except now the developed world is paying a shitload of taxes to fund the dreams of true believers - logic and economics be damned.
If you think a corporation is evil, you don’t have to shop there.
During the early computer era, the most difficult and expensive problems to solve were in hardware. The profits flowed there.
In recent years, compute was cheap compared to the value provided by quality software - and the software could run on a variety of hardware systems. So software captured most of the value.
There are some new problems that are difficult and expensive to solve that must be solved in hardware. This is making investment and profits flow back to hardware makers. Furthermore the years of commoditization of hardware resulted in consolidation and survival-mode until there were only a handful of serious players in various layers of the manufacturing stack. This will get resolved but will take a long time (decades).
AI businesses constantly need to improve and retrain models. This is extremely compute intensive and time consuming. Therefore we need hardware that is optimized to this specific type of number crunching. This hardware is novel and needs smart and talented people (therefore investment).
As an investor (both of capital and of your labor) you need to analyze where the expensive problems are, with the highest need to be solved, with those that need it most having the highest ability to pay. If you optimize on that spectrum your investment has a better chance of success.
Computer people are drawn to nostalgia, especially considering the entire history of our craft has been meticulously recorded by enthusiasts. We get drawn to certain types of problems and environments and every 10 years the entire world changes. Our profession is one of constant disruption and change.
What makes me rest easy is that the fundamentals have remained constant since the earliest theoreticians. We must use the best algorithms to reduce compute as much as possible. If you do that you win, at the most fundamental level. It’s another way of saying that you must solve the problem as simply as possible (and no simpler).
As an addendum, I don’t fault any talented and ambitious person who goes into the industry where they can make the most money as fast as possible. Some people lament that the best and brightest don’t go into, say, NASA or public school teaching or some such sacrificial act. The bursting of the tech bubble in 2022 and the drying up of VC capital to dime-a-dozen nonsense startups will help drive talented people back to hard problems.
Code of Dishonor
Happy to be in the US especially with the global economic recession incoming
As inequality is a guarantee - no two people are alike in any aspect and neither are their abilities as an employee - mandating (either by gun or union contract) lockstep equality in payments and job security, the highest performers are demoralized and put in the bare minimum or quit (if they can). The result is the ever-increasing shitty quality of the firm and its behavior. For modern examples see the NHS (bleeding doctors and nurses to the private sector) and American public schools in inner cities (highest global costs per student yet abysmal results).
There are valid criticisms about inequality but the pros far out way the cons.
I would argue there are very, very few types of problems NoSQL solves better than relational DB, and the “benefit” of quickly deploying schema changes is actually a nightmare later on. That it took so long for these devs to realize this is… perplexing
Additionally the skillset to succeed at a large corp is very different from a startup. It will be a psychological shock to go from a FAANG environment to a small company.
In summary I think there will be some hard life lessons for some previously extremely well compensated tech folks. I hope they saved a lot of their past salaries.
Maybe the issue in the UK isn’t as simple as tax rates. But you can always try to pivot hard left, maybe it will work this time. Capital does tend to flee when serious attempts to expropriate it occur…
It’s like one side decides what is true and the other side is conspiracy until the facts come out, then it’s forgotten completely into the memory hole.
But on average, people want to live in comfort and have their needs met. It's even worse because leaders very rarely struggle under the same hardships, and when they do it's a PR stunt.
It's like Brexit - people voted for it (just barely) but now are hating the consequences. The only option is increased trade and commerce, the UK government simply can't socialism / money print their way out of the mess. Only productive enterprise will save them, meaning a freer market, freer trade, lower taxes, etc. but this will take a decade:
- Conservative government falls
- Leftists take over
- Leftists destroy everything and make stuff worse for a few years
- People give up hope
- Thatcher-like figure emerges, cuts taxes, promotes business, free trade
- People get comfortable and start thinking socialism can work again
- Go back to the beginning
Humanity needs more energy, not less. I’m tired of so-called “progressives” who are against the progress of the human species. Go suicide yourselves if that’s what you want but leave me alone, I don’t want to freeze.