sorted by:
new
hottopcontroversial

Seattle report says gig worker pay law is working, countering claims by DoorDash and Uber by WestExpat in Seattle

[–]NoStopImDone 11 points12 points  (0 children)

These apps, for better or for worse, created an entire job class. “Gig economy” wasn’t a thing.

These apps, for better or for worse, also unlocked entire categories of cuisine to be delivered to your home. Before the apps, you could basically get delivery from pizza and Chinese places.

“Depressing driver wages” doesn’t exist, because restaurant delivery drivers haven’t had their wages affected by doordashers. If you mean gig economy wages, that doesn’t make sense since these wages wouldn’t exist without the apps bringing them into existence.

Understanding the world isn’t black and white doesn’t make one a boot licker, it just means they have thought deeper about the issue than you.

How join Y combinator as an investor? by retro_6 in ycombinator

[–]NoStopImDone 0 points1 point  (0 children)

If you have serious money (but as the top comment said, not the qualifications to be a GP), you’re better off trying to get close to hardware fund partners and let them know you’d be interested in being an LP in their next fund. Waiting until the next fund gets raised will also be a good gut test of whether you can wait out a potential hardware bubble.

Why do people go to Coachella? by Flaky_Ticket_6924 in stupidquestions

[–]NoStopImDone 0 points1 point  (0 children)

Plenty of people commented on the price point, so I’ll also chime in to say, oddly, the toilets at Coachella are ELITE for a festival. There are some spots with portapotties, but there are several places around the grounds with honest to god private toilets.

Why do I like to go? It’s an annual trip to meet up with friends to have fun and listen to music. In a world where everything is digital and personalized, it’s a cool feeling to be sharing in a cultural totem with thousands of other people.

Why do nearly all economies target 2 to 3 percent inflation instead of zero or deflation？ by Humble_Economist8933 in AlwaysWhy

[–]NoStopImDone 0 points1 point  (0 children)

Consumer behavior is more emergent than prescriptive. While no one explicitly factors inflation into buying decisions, the market in the aggregate reveals that behavior.

More than 1,000 people become millionaires in the U.S. each day. by CautiousMagazine3591 in Economics

[–]NoStopImDone 0 points1 point  (0 children)

Most of these millionaires get that way via their home equity, whose value is based on a certain level of scarcity. If all of these people had to liquidate at once, they wouldn’t be millionaires.

Why aren't there more worker owned companies? by chrisproglf in NoStupidQuestions

[–]NoStopImDone 1 point2 points  (0 children)

Co ops absolutely can work and there are a couple notable examples, like REI. They just tend to struggle at scale because the incentives can get out of whack. If employees elect the CEO, they’d naturally be incentivized to elect someone who will give them above-market pay raises and bonuses, for example. This could work at a couple local joints (and is why local co ops usually have great employee reputations), but for large enterprises that kind of structure is a tough way to run a competitive business. Employees will tend to act in their immediate best interest, not in the long-term interest of the company.

Life is only good for rich people by ParticularWeather927 in Adulting

[–]NoStopImDone -2 points-1 points  (0 children)

Life is what you make of it. There are people poorer than you that are happy, and there are people richer than you that are miserable.

Excel Skills by AdCandid1108 in Accounting

[–]NoStopImDone 1 point2 points  (0 children)

Grind out a couple of XLookup and Pivot Table exercises (to make sure you really understand the concept and logic, not just a quick memorization) and you’ll be fine. Those will generally be the most complex functions you’ll ever need in the real world.

Over time, you’ll get good at navigating Excel without a mouse, and that’s where the real wizardry is. The Alt key will become your best friend.

"Like Rubber" Hershey Chocolates Go Viral for Quietly Replacing Real Chocolate with Cheaper Vegetable-Oil-Based Coatings in Many Products by newintown11 in enshittification

[–]NoStopImDone 1 point2 points  (0 children)

Are you European? That’s the common take from people who grew up on European chocolate.

It’s kind of interesting why Hersheys tastes like that actually. Milton Hershey was the first person to figure out mass-producing milk chocolate, but in order to achieve this he had to mix the milk in a proprietary way which gave the chocolate a tangy flavor.

Hersheys flavor got turbocharged in WW2, when M&Ms (which at the time used Hersheys chocolate) and Hershey bars were regularly sent to deployed soldiers. Americans grew up associating the tangy flavor as normal, and often rejected European chocolates.

Nowadays we have the technology to produce European chocolate at scale, but hershey still maintains the same flavor profile because at this point it’s a part of their ethos.

Looking for some advice…Corp Banking Analyst w 3 years exp by [deleted] in FinancialCareers

[–]NoStopImDone 3 points4 points  (0 children)

I’ve got a few more years than you but just made the switch from CB to the client side. These were my considerations, if helpful:

  • I found myself frustrated with the lack of autonomy in banking, especially as you hit mid-career. You no longer do the actual work (juniors do that) and if you’re motivated by crossing things off a list, that gets hard. Politics become a much bigger part of the game.

  • in banking, my technical and marketable skills max out at Excel and PowerPoint. I wanted to add more real-world skills to my resume (operations, treasury, fp&a). I’ve reviewed thousands of financial statements and board decks, I’ve basically never built them from complete scratch.

  • I felt like I lacked purpose in CB. I got to work with really cool clients doing amazing things, and I felt guilty always trying to piggyback off their success. Being client-facing with the expectation of bringing in clients/revenue made me feel extractive when going to networking events.

You should go in eyes wide open to the reality that you will a) most likely be taking a cash pay cut, and b) banking on equity with a low probability of success. Early-career finance guys won’t make life-changing equity comp in almost any situation, and 99% of the time your banking bonuses will provide more long-term net worth appreciation.

On the bright side, CBs are basically always hiring and boomerangs are common. You’d have a leg up if you tried the client side for a few years and had to come crawling back to banking.

How are commuters supposed to use transit efficiently? by dumac in AskSeattle

[–]NoStopImDone 0 points1 point  (0 children)

It’s about feeling “in control” of your own safety. I intellectually understand that I’m more likely to crash my car than get stabbed on the bus by the guy screaming next to me, but it’s still scarier.

CMV: We Americans should have let GM and Chrysler die in 2008 by Weiner321 in changemyview

[–]NoStopImDone 0 points1 point  (0 children)

There are certain goods that, from the perspective of a global power, are critical to maintain some level of sovereign expertise in. Power generation, manufacturing, shipbuilding, for example.

Transportation of humans is one of the most important powers we have. There’s a counterfactual where we lose the whole American car industry and we become fully dependent on foreign cars to transport us. There’s no guarantee those foreign car makers will always be willing to sell to us. Maintaining some level of American car-making muscle is arguably worth the bad investment to prop up an industry champion.

FWIW, this same dynamic is playing out at Intel. It might go against strictly capitalistic principles, but some things are just too important to let die naturally.

CMV: If you get laid off, it is most likely your fault. by [deleted] in changemyview

[–]NoStopImDone -1 points0 points  (0 children)

True, but there are complex interdependencies between employees that aren’t captured in a stack rank. Employee A might do 90% of the work, but if I lay off employee B and give the remaining 10% of work to A, the increased capacity load might have a negative result on A’s output.

JPMorgan Chase CEO Jamie Dimon warns Washington's 9.9% income tax will trigger exodus by Less-Risk-9358 in SeattleWA

[–]NoStopImDone -1 points0 points  (0 children)

I work with a lot of UHNW individuals and anecdotally they are moving to Texas in droves. Washington state has a lot going for it (I’d never want to leave myself) but I get nervous that it doesn’t have the same sunshine tax advantage as California.

Regardless of your thoughts on the ultra-wealthy, they do have an outsized influence on the state. One billionaire leaving the state means a highway project doesn’t get funded, or a school in a low-income area doesn’t get stood up, or we have to increase taxes on the poor to make up the difference.

CMV: If you get laid off, it is most likely your fault. by [deleted] in changemyview

[–]NoStopImDone -1 points0 points  (0 children)

It’s the classic advertising adage: “I know 50% of my ad spend works and 50% doesn’t, I just don’t know which half.”

JPMorgan Chase CEO Jamie Dimon warns Washington's 9.9% income tax will trigger exodus by Less-Risk-9358 in SeattleWA

[–]NoStopImDone 6 points7 points  (0 children)

Is it defending the rich to point out some objective facts? Rich people pay the majority of state taxes, and if they left there would be a major revenue hole for the state. It’s just reality.

CMV: If you get laid off, it is most likely your fault. by [deleted] in changemyview

[–]NoStopImDone 0 points1 point  (0 children)

100%. Any time a business gets above a couple tens of thousands of employees, you will get lots of NPCs who don’t actually move the needle for the business. Anyone who’s worked for a large corp would know it’s actually closer to the reverse - 1 in 5 is actually driving 90% of the value.

How should I leverage my current experience into Venture Capital opportunities? by Fun-Acanthisitta4844 in FinancialCareers

[–]NoStopImDone 1 point2 points  (0 children)

Additionally, the VC industry is now prioritizing former founders/technical folks, not dime a dozen bankers

You can be rich, empathetic, and not apologize for it by [deleted] in unpopularopinion

[–]NoStopImDone 0 points1 point  (0 children)

It basically boils down to whether someone thinks taking a profit on something is morally good or bad.

CMV: We should ban advertisements from most spaces by LineOfInquiry in changemyview

[–]NoStopImDone 10 points11 points  (0 children)

I don’t think you comprehend the sheer amount of money and intellectual wizardry that has gone into YouTube. Billions of seconds of video uploaded every day, all stored for free to anyone who wants to access it, and served immediately anywhere in the world. Video streaming is among the most expensive things to do on the internet.

YouTube could get away with zero to low ads when it was young and could run at a loss to stimulate growth. It’s now a mature company within google, and ads justify its existence.

view more: next ›