12,701 karma · joined August 13, 2009
Fwiw, all (lossless) compression algorithms will increase the size of some inputs.
I don't know anyone who expected this. The typical failure mode is slow degradation and lack of new development, not sudden collapse. Services become flakier, innovation stops. There was probably some fat to cut,as you put it, but the concept of eating your seed corn is also relevant.
Lots of tech employees, if they don’t let lifestyle inflation take over, hit a point where they could retire early but may not want to. At that point t walking away from a job is much easier.
Similar to software that is free or low cost for non-commercial use only, even with the same functionality.
The good news is typically nobody will chase you down on this unless you are making real money. The bad news is, once you are, they will.
- There aren't that many people willing to pay for such software, but those that do *really* need it, and will pay quite a bit (passing that cost on of course).
- The technical domain knowledge needed to do it properly is a barrier to many
- It needs to be pretty robust
As a result, you end up with a small handful of players who provide it. They have little incentive to modernize, and the opportunity cost for a new player high enough to chase most of them off to other avenues.I think the main way this changes is when someone has already spend the money in an adjacent area, and realized "huh, with a little effort here we could probably eat X's lunch"
Beyond that you at most get toy systems from enthusiasts and grad students (same group?) ...
I take your point, but this part isn't true. Canada is a little larger, and then there is also Mexico which is about 1/2 the size, so US is roughly 2/5ths of North America.
Again, very much depends on the context. Contract engineering that maps roughly to n FTE is often as you suggest, consulting rarely.
What you describe is a reasonable approach for a freelancer who expects to bill most working hours. It falls apart for a lot of consulting scenarios where you bill fewer hours and spend more time generating work. In that case you may be better off setting rates so that e.g. 1000 billed hours will reach your base target salary equivalent...
I’m nowhere near rich, but when I was consulting full time of I had enough hours to hit my “ok” target for the year, it felt right to be flexible with some of the rest of my time …
If your dishwasher doesn't have a sanitize cycle (or you aren't using it) you may not be getting hot enough at home anyway to be up to the standard a commercial kitchen would need.
Of course you may not have a dishwasher at all.
>> ..., there was probably a bunch of discretionary spending on e.g. ...
i.e. money in your bank account that in a "normal" year you would have spent already. On top of the checks.
I think that term ("Covid rich") isn't meant just for the checks, but for the general increase of disposable income.
If you are low income, $2-3k in checks can effectively be a pretty big windfall as people note in this thread.
If you were middle income, there was probably a bunch of discretionary spending on e.g. meals out, shows, vacations that you didn't spend compared to previous years. It's not hard to see that being an "extra" 5 figures for lots of families.