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I'm not seeing the new jobs. US unemployment has spiked from 5% to 9% officially (it's probably a lot higher, since we stop counting "discouraged workers") and new industries haven't popped up which could use twelve million freshly retrained workers. A lot of people had terrible jobs which don't really require human-level intelligence, and now our economy is punishing them for having only surplus unskilled labor for which there isn't enough demand. I have no idea what I'd be doing if I weren't obsessed with software, which has a no doubt temporary labor shortage on account of being almost impossible to do competently with today's tools.
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The author confuses money for wealth when they are two very different things. Look at the teleporting chef example - if food production could be done so efficiently that only a few chefs around the world were needed, then social wealth has increased. There would be a massive pool of surplus labour that the now redundant chefs could put to use elsewhere.

As others have noted, the newly redundant chefs would be out of work temporarily and if that is the only skill they had, then they would be at a disadvantage relative to everyone else. Yet that disadvantage would be many more times offset by the benefit us non-chefs would accrue (from cheaper meals for example) and still allow the redundant chefs to do something else.

That's the nature of capitalism - creative destruction. The process is beneficial collectively, but some individuals benefit or loose more than others. And that's why (most) countries provide some sort of redistribution mechanism to smooth out those individual inequalities. The solution to any dehumanizing effects of the capitalist system is not to limit the market's ability to drive innovation and efficiency, but rather to ensure everyone enjoys those benefits more equality.
No guarantees though, choosing an existing handle/username with a tarnished reputation seems like a pretty good strategy to me for online shenanigans.
But capital in itself isn't productive. What you saying is you can just produce/distribute/market a product for less than you could previously. I.e. your money goes further.

In order for this to be the case there must be reasons why this capital is so much more productive - one could then easily argue efficiency and/or cheaper labour.

I agree with you on many levels, especially on education. But I can't really compare Capital and labour in the same way you have - it's not either or.
Well, we don't know if it's upvoted since we don't see the score.
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Pretty sure Eliezer missed the #humblebrag tag off that post.
Can you get all of the articles online? What's the paid $29/yr digital subscription getting you as far as extra content? Is the digital format lame? (Ideal would be directly into instapaper)

I still like Foreign Policy and Foreign Affairs the best of all subscriptions, followed by the Economist.
Though it should be said that, over the past few months, the effect of a few microseconds is mostly irrelevant (though being slow by milliseconds can be calamitous)

How in the heck do these shenanigans add any possible value to the economy?
Jobs showed little of himself outside of keynotes and interviews with Mossberg, Swisher and Pogue.

There are anecdotes that he did care about education such as an Arrington article leading up to the iPad which said he wanted to use use the iPad to change education. He was also an active parent, though not as much as he may have liked.

It's not that much of a stretch to believe that someone like Jobs would think about ways to change education. There are excerpts from the book stating this.
Though claiming IE6 was the most secure web browser in 2009 is still pretty worrying.
This article is basically shooting the messenger.

The roiling agricultural commodity prices in the last decade were largely the result of dollar currency devaluation by the Federal Reserve. The same patterns occurred across other global commodities like copper and oil.
The point is that these money already laundered, most likely it's just basic deversification.
If information can damage your children, you made some terrible mistakes as a parent.
Unfortunately these things take time. Were at a difficult stage right now and people take time to adjust.

You've solved the problem with your own statement - " I have no idea what I'd be doing if I weren't obsessed with software"

More people need to be like you.
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Yes! I'm so glad your comment didn't get lost in the shuffle.

This is just a boring repeat of all the people who once read an Econ 101: Intro to Macroeconomics textbook, and then sit and describe the world economy based on these first step economic theory building blocks.

More bluntly - no effing clue.

Like the guy who argues that wage prices will find a "natural level", because he is still using a base model that assumes labor is 100% fluid.

Yep, we'll all just move to Vietnam and wages will average out.
Playing "Maths Circus" and Lemmings on beige macs were the most powerful educational tools for teachers to use as a reward for good work to get me to perform well. Sadly that stopped a grade or two later, and my interest dropped, and so did my performance.

Hopefully soon our computational freedoms for big actual work won't be relegated to computer monitors. Laptops and tablets are great, but they make you focus/stare at one area for a long time. There is often a wall behind that monitor, we are basically staring at it, for many hours, most of my adult life is staring at a wall.

http://worrydream.com/KillMath/

There's a Microsoft Research concept video that showed people interacting with computational environments within their natural environment. Statistical information could be represented for any data needed, and people were not bound to their seats. Problem is, I don't see things being able to change much for people that work in the terminal.

Basically, what I am trying to say with my thoughts is, the positives of both worlds will interwine and the negatives of both will mostly disappear.
And where are 20 year olds to aquire capital from? Who gets the greater % return on investment...the capital owners. Hence, Rich get richer. Poor and young get poorer, work harder for smaller crusts. The economic cycle repeats. Just faster. Thanks to automation.
This is the problem, I agree more jobs are created and people can retrain but a certain sector of society will simply not be able to do so.

We need to make sure they are looked after.
> dogmatic adherence to financial deregulation is not a neutral position that is backed up by facts; it has plenty of problems, as most economists will tell you.

Is that something they advocate? From actually reading it, that's not the impression I get.
What you say is true, but you seem to be implying that only recursive algorithms are idiomatic in Python. I would disagree: pretty much anything you do on sequential data in Python is done idiomatically with a for loop or a comprehension, neither of which are particularly recursive.
I don't think anyone is trying to portray Jobs as a saint. If look into any great man, or anyone else for that matter, you are going to find things that you do not like.
Why not anybody thought that what Milner does is he paves the road to even more money coming from legit and not-so-legit investments from Russian oligarchs. Once Milner gets settled in the SV and proves his operations are successful, then Russian money will start flowing in in amounts that's hard to comprehend.

Why is this desirable for oligarchs? Simple: businesses in Russia are profoundly insecure - remember Khodorkovsky? So, Milner will find a great amount of willing investors among the second-tier oligarchs once he's ready to start doing money heavy lifting.

And when you pave the road that will go "pay-to-pass" you can spend few unnecessarily billions.
There's a danger of talking about different levels of abstraction, yes; but if we start bringing in chip-level timing signals, I think we've lost sight of programming language level models, so I ultimately I think that's a red herring.

(I considered linking to that blog post, but decided against it in small part because of this.)
Based on a recent talk I attended, I believe that Guido admits that it's purely a matter of opinion, but he always has to "unroll" the recursive in his head to be able to figure out what recursive code does, so he concludes that it might as well be written the way that he thinks.

I agree with that last part, but I can't imagine thinking of every algorithm iteratively. Binary search, merge sort, and pretty much any tree algorithm are examples of algorithms that (to me) are much less natural to thing of iteratively.
honey you DID read it's in their B2B folder? So this is for BUSINESS TO BUSINESS and they want to interact in a secure way with small companies which probably have 0 IT professionals and old software.

You only prove me ..
If your map and reduce functions are pure, it's impossible to tell which one got executed first, or perfectly simultaneously, etc. It's important to talk about the right level of abstraction; otherwise we could argue that sequential algorithms are actually parallel, because the world is not a single-threaded simulation, etc.
I agree with a lot of what you've written, except for one of my favourite topics that you've stumbled across--- the idea that increasing education funding will result in more education. I've pointed out a couple of times on hn that Canadians spend about $3000 less per student per year than Americans, and yet Canadian students consistently rank higher on average than American students.
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To be fair, I don't think you do either (in fact most people don't), but I agree with your underlying point that we ought to be able to make a machine that mimics human behavior well enough to fool people and eliminate the human-à-human jobs.
Here are two examples I ran into:

- "isomac logo kerning" (w/o quotes). I wanted to know if someone had specifically written about the kerning of the logo for the company ISOMAC (it's horrible, by the way). I got a very general search for "logo kerning" instead -- I had to put "isomac" in quotes.

- "hvordan bli kvitt olje" (w/o quotes, in Norwegian). The three first words are "how to get rid of" and the last one is "oil". Again, I got a very general search for how to get rid of stuff -- oil was omitted. (I rarely search in Norwegian, so this isn't a big one, but it shows the same pattern)
I never knew that pilots rely on their sense of movement and orientation while piloting. It seems to me like a crazy idea.

I imagined that pilot training is mostly to make people ignore the spatial feelings and stick to what they see through windows or on instruments.
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Nice. What backend are you using?
> Your software may have no better idea of the true situation than the pilot.

Also:

The pilot may have no better idea of the true situation than your software.

All that matters in the and is not who is more awesome and versatile but who crashes less planes.
They probably don't add nearly as much value as they make for their players. However, they do add a small value: They close the economic arbitrage "loopholes" -- allowing other players to focus on other things, which are likely to have more economic value.

They also may increase trust that the current pricing makes sense. When you buy some stock, it is more likely that you're getting a "fair" transaction.
I thought that sentence made a lot of sense. Isn't it natural for a new hire to ask an old bird how to work with Zuckerberg?

As for framing him in the light of Steve Job's passing, I think it's just a coincidence. People have been talking about Zuckerberg's hiring tactic and other things for several months now, and the same for Jeff Bezos micromanagement style and intelligence for a long time.
It's funny, because this seems like it gets you a lot of upvotes on Hacker News as well. The top comment on an article will often be a coherent and (seemingly) original rebuttal of the articles main points. And then the top response to the comment will be a coherent and original rebuttal of the comment.
If they dont produce a consumer device they at least create a lot of patents.
>Because he never worked hard for the money
This is simply not true, most of these people work hard, risk and sacrifice a lot to get their money. There is a cultural tradition in Russia to spend a lot if you can afford it.

(In this particular case it an investment strategy, so your theory doesn't apply either).
Working in a ~50000 employee company that shall remain nameless I can give you another datapoint from "big companies" out there:

We only got IE8 (on WinXP, Win7 will not launch for another year or two) this year. And before that it was whatever IE version ships with WinXP.

The alternative we can use is a Firefox that has not been updated since its rollout in 2009. And of course you are not allowed to use other than company-managed software, especially web-browsers are tightly regulated, exceptions granted only for a few chosen employees.

The policy regarding webbrowsers explicitly states that this is done to avoid having people running outdated versions of them...
People lost some money after 2008, although prices are now approaching the peak levels again. However, the key point is that your pension fund may not care, they are buying because of the negative correlation with other assets, and positive correlation with inflation, as the 2005 paper mentioned demonstrated. Pension funds are where this money is coming from now, and where the trillions of dollar figures talked about would come from, as they get persuaded that this is a real investible asset.
Moving from static (C# .net) to dynamic (python) 
Probably a challenge many corporate-background developers face when they enter the world of start-up. Any advice on the best way to embrace dynamic (specifically python)?

Articles, Blogs to follow, Examples of great python projects to understand the style of dynamic architecture...
>Human brains only run at 100Hz and I responded in realtime, so most of the work must have been precomputed.

Is the 100Hz some metaphor I'm not getting? Or is it something that's actually a fact? If it's the latter, does anyone have more informations about this, because it sounds really fascinating and I'd love to learn more about it.
Could the Waldorf schools be a reaction to the new concept of simply dumping one's child at a school to be raised?
>I get the feeling that there's really only one bubble, but it moves from one sector of the economy to the next, leaving destruction in its wake

This seems like a nice insight, can anyone with financial experience comment on it?

I'm thinking maybe if you analysed it you'd find the same subset of traders following the bubble around.
Prices are back up. Not quite up to the peaks of 2008 but not far off. http://www.indexmundi.com/commodities/?commodity=wheat&m...
The problem with many articles about REST is that they revolve around the question how to make your API more RESTful, and rarely answer why (and if) it actually makes sense to do so.

I think that proper use of HTTP methods is one of the core ideas of REST, but I understand that one might have to take shortcuts like _method to satisfy real-life needs while calling it RESTful to satisfy the buzz-word hungry PHB.

Let's just agree not to do something like GET /foo?_method=DELETE
Considering the stupidity and ignorance of technology the average person has, "easily automated busywork that you were allowed to keep as a favor" is something the average person can easily confuse with honest work.
A helium balloon suffers from the exact same flaw as your vestibular sense: it cannot distinguish between orientation and acceleration. There is already an instrument in every cockpit that shows the true orientation of the craft: the artificial horizon.
>One of the things markets are supposed to do in theory is to route resources to where they are needed, and financially punish people who move resources in stupid ways.

How many more people have to die needlessly before this theory is reexamined by those who practice it?
Doesn't seem like understanding was a problem here - they were just reckless in failing to adequately sterilise medical equipment. I'd say the moral of the story is more 'beware of reckless do-gooding.'
Not likely for spreedly, as you have to provide your own payment gateway i.e. paypal.
No offense intended, but this scares me.

They are ~everywhere~ for a long time around me. Quite a lot of driving instructors (specializing in 'reduced fuel consumption' trainings) use them as a general guideline to "see" how your behavior drives the consumption up.

Heck, mum and dad use that thing for years and drive even slower since they first saw that they could make their car use less gas.

You need to get a new car.. :)
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I think this document is pretty old as they have mentioned Netscape which is no longer exists.
And even didn't notices Google Chrome. :-)
I can't say much for the factual basis of 'how we got here', but this is definitely one interesting view/take on it.

I sometimes wonder to what degree each of the recent movements (Tunisia, Egypt, Libya, and now the U.S.) has inspired each other to not put up with the oppression of the status quo. It would certainly warm my heart to know that such different groups from such different backgrounds can inspire the other simply through a common feeling of not wanting to put up with so many unpunished injustices. I think if that were the case, this would be the first time in the history of humanity for this to have happened (at least on this scale).

Or, perhaps a more objective, eagle eyed historian might conclude each movement really was a 'stand alone complex'.
Food prices have tripled since 2005, roughly. That makes a huge difference in many countries, and to the poor in many more. It is a very real factor.
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> you seem to be implying that only recursive algorithms are idiomatic in Python.

He didn't say that, so thankfully there's nothing to disagree with.
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I can understand- at my last job (multi-national CPG manufacturer) the code on all the internal webpages wouldn't even display in Firefox. Between the IT workload and general paranoia / superstition of execs (any change is bad), there was no motivation to upgrade internal software. So we made all of our suppliers comply if they wanted access to any piece of the intranet. Just easier that way.

For companies that don't rely heavily on internet tech, understanding why you don't want to use IE6 is beyond most people.
Wow that's amazing, sometimes I wonder how IT staff get up in the morning and go to sleep at night. Could it be that they are using some sort of monitoring software that actually utilises the flaws in these out of date browsers?
I would love to match curd with rest and I dnt find any ptoblems after that.

Create - Put, Update - Post, Retrieve - Get, Delete - Delete
of course it was sarcastic, how could a sane person believe in that? you scare me with such question.
That would make the problem worse though, by adding more demand for futures. They should sell futures to take advantage of raised prices now for future production, taking profits and driving prices down...
Even those who don't know whether the word "data" is singular or plural tend to be consistent ... not this crew.

"All data is transferred with a 128 Bit SSL coding and are even secured by your log in on our Group Business Platform."
And this probably means that they did the numbers and whatever they are going to loose with those who leaves will be offset be increased fees paid by those who sticks around.
Except that they're boasting about how good their software and coding are...
Unfortunately, people at the margin DO starve. All economic activity happens at the margin.

What usually happens is a country at a large scale imports less subsidized food commodity, and this limits government distribution of that commodity -- they usually stop some feeding centers, which makes the marginal trip more difficult or impossible for some people.

It might also lead to scaled back or eliminated aid programs.
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I forgot the link to source:

http://existentialtype.wordpress.com/2011/03/17/parallelism-...
Tell that to the copiously armed forces of Egypt. Or Libya.

One doesn't need smart bombs or even automatic weapons to revolt, and in a society where the private security patrolling your gates and walls are cousins and brothers to the desperate, repressed poor, you will also have trouble getting them to pull the trigger. This has been a major factor in the Arab Spring.

The rich simply do not live in the vacuum that many of them seem to think they live in.
LAMP.
As someone who works for a car dealership which uses these systems I can tell you that the "VWG Desktop" intranet dashboards are only accessible via VPN'd tunnels that you can't just "connect" to from the standard internet.

Further more, we use their systems with Chrome, Firefox and other browsers with no problems.

Maybe the standard is different with the US, but in the UK this doesn't apply.
What is the Web?