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Comment Re: All of this has happened before... (Score 2) 277

Really but why? I've quite enjoyed not having to upgrade my sandy bridge. I overclocked it to 4.5Ghz 6 years ago and it's still faster in everyday tasks than even the latest $1000 offering, only in extreme multi core tasks does it lack, which I rarely need.

A new system is such a distraction from my work. Days to reinstall and update everything, weeks to weed out issues and acclimate to a totally new setup.

Now if we could only get Microsoft to support Windows 7 indefinitely. I'd gladly pay $10/year for infinite support, or at least for another 5-10 years before AI takes my job.

Comment Re:Wow, took long enough! (Score 1) 635

Well I would hope one day, all jobs that no one wants to do are done by automation. Leaving humans to do things they want to do, even if automation can do them. This would amount to mostly the arts I would think, but some like to do non-artistic things for fun, and just imagine things that might be fun if you don't HAVE to do them, almost everything actually, because you are learning and growing. Nearly everyday of your life could be filled with a new task you get to learn, practice, and try for fun.

The struggle will be the transition to all this, somehow we have to figure out how to organize, prioritize, and distribute the automated wealth and things.

Comment Facts say NO (Score 1) 499

Who uses Facebook most? Young people. Who voted for Clinton? Mostly young voters who use Facebook. If Facebook had any effect, it supported Clinton rather than Trump.

Facebook stats: Age 25 to 34, at 29.7% of users, is the most common age demographic. (Source:Emarketer 2012)

http://www.cnn.com/election/re...
18-29 Clinton 55% Trump 37%
30-44 Clinton 50% Trump 42%

Comment You're kidding yourself (Score 2) 69

I find it amusing walking robot creators talking about accessing areas inaccessible via wheeled vehicles. Walking down a 1cm step? Are you kidding me! Wheeled robots blow this thing away in every aspect, until it can go up stairs, climb the side of a mountain, and walk around just as good as a human, please call your job what it is, a tiny fractional step having fun spending other peoples money.

Comment Re:First for banning HFT (Score 5, Interesting) 314

We need a new exchange that only executes trades once per month. If a company is on this exchange it is not allowed to be on any other exchanges. Problem solved. If you need your money out early there is a small fee. No more flash crashes, much less speculation, invest in a company due to dividends and growth and not emotionally fabricated stock appreciation.

Comment Re: My theory (Score 1) 1010

I agree, I was running into memory barriers on XP with photoshop, and especially 3dsmax. I do a lot of heavy content creation though and 99% of people will never need 64 bit. Windows 7 definitely solved this problem, and brought some other little nice things to the table, nothing ground breaking by any means.

I wish they would just leave the fucking UI alone, NOBODY cares about having to learn a new interface to get shit done! I guess its hard swimming against the stream of mass consumers that don't do jack shit on their computer and want everything glossy and dumbed down. The crash of PC sales will probably be a good thing, as now only business users are left and now they can start optimizing for actually getting work done with a PC rather than showing off 4 year old photos of cats that no one gives a flying fuck about.

Comment Why the online restriction? DUH! (Score -1, Flamebait) 569

Are you joking? Have you been living under a rock the past 10 years? The online restriction has 100% everything to do with piracy, anything else is simply a side effect. It is no secret, piracy has been raping the game market, well guess what, you can't have free games forever! Each year you have more games pushed to server only for the one simple reason of authentication. EA are not scumbags! They are in business like every other single business on the planet, to make money. If you would rather steal games than pay for them then they don't have much of a choice, if you don't like it then don't buy the fucking game! It is pretty simple.

Comment Re:The cheese has moved (Score 1) 403

I can't believe it took so many comments before this was written. iOS and Andriod have OBLITERATED the console and handheld markets. Is it really a surprise, how can a dedicated system with $30 games even come close to competing with free and 99c games?

The ONLY chance Nintendo has is by making a specialized Andriod game device which has hardware controls, for many games hardware controls are much better. Even though touch devices have BT controls, they are not standardized, expensive, and not well supported. Oh and the other huge change, online distribution only.

Comment Re:Fixed (Score 4, Insightful) 1106

The minimum wage only hurts the people it is intended to help, weakens the economy, and promotes welfare and government dependance.

"In a free market, demand is always a function of price: the higher the price, the lower the demand. What may surprise most politicians is that these rules apply equally to both prices and wages. When employers evaluate their labor and capital needs, cost is a primary factor. When the cost of hiring low-skilled workers moves higher, jobs are lost. Despite this, minimum wage hikes, like the one set to take effect later this month, are always seen as an act of governmental benevolence. Nothing could be further from the truth.

When confronted with a clogged drain, most of us will call several plumbers and hire the one who quotes us the lowest price. If all the quotes are too high, most of us will grab some Drano and a wrench, and have at it. Labor markets work the same way. Before bringing on another worker, an employer must be convinced that the added productivity will exceed the added cost (this includes not just wages, but all payroll taxes and other benefits.) So if an unskilled worker is capable of delivering only $6 per hour of increased productivity, such an individual is legally unemployable with a minimum wage of $7.25 per hour.

Low-skilled workers must compete for employers’ dollars with both skilled workers and capital. For example, if a skilled worker can do a job for $14 per hour that two unskilled workers can do for $6.50 per hour each, then it makes economic sense for the employer to go with the unskilled labor. Increase the minimum wage to $7.25 per hour and the unskilled workers are priced out of their jobs. This dynamic is precisely why labor unions are such big supporters of minimum wage laws. Even though none of their members earn the minimum wage, the law helps protect their members from having to compete with lower-skilled workers.

Employers also have the choice of whether to employ people or machines. For example, an employer can hire a receptionist or invest in an automated answering system. The next time you are screaming obscenities into the phone as you try to have a conversation with a computer, you know what to blame for your frustration.

There are numerous other examples of employers substituting capital for labor simply because the minimum wage has made low-skilled workers uncompetitive. For example, handcarts have replaced skycaps at airports. The main reason fast-food restaurants use paper plates and plastic utensils is to avoid having to hire dishwashers.

As a result, many low-skilled jobs that used to be the first rung on the employment ladder have been priced out of the market. Can you remember the last time an usher showed you to your seat in a dark movie theater? When was the last time someone other than the cashier not only bagged your groceries, but also loaded them into your car? By the way, it won’t be long before the cashiers themselves are priced out of the market, replaced by automated scanners, leaving you to bag your purchases with no help whatsoever.

The disappearance of these jobs has broader economic and societal consequences. First jobs are a means to improve skills so that low skilled workers can offer greater productivity to current or future employers. As their skills grow, so does their ability to earn higher wages. However, remove the bottom rung from the employment ladder and many never have a chance to climb it.

So the next time you are pumping your own gas in the rain, do not just think about the teenager who could have been pumping it for you, think about the auto mechanic he could have become – had the minimum wage not denied him a job. Many auto mechanics used to learn their trade while working as pump jockeys. Between fill-ups, checking tire pressure, and washing windows, they would spend a lot of time helping – and learning from – the mechanics.

Because the minimum wage prevents so many young people (including a disproportionate number of minorities) from getting entry-level jobs, they never develop the skills necessary to command higher paying jobs. As a result, many turn to crime, while others subsist on government aid. Supporters of the minimum wage argue that it is impossible to support a family on the minimum wage. While that is true, it is completely irrelevant, as minimum wage jobs are not designed to support families. In fact, many people earning the minimum wage are themselves supported by their parents.

The way it is supposed to work is that people do not choose to start families until they can earn enough to support them. Lower wage jobs enable workers to eventually acquire the skills necessary to earn wages high enough to support a family. Does anyone really think a kid with a paper route should earn a wage high enough to support a family?

The only way to increase wages is to increase worker productivity. If wages could be raised simply by government mandate, we could set the minimum wage at $100 per hour and solve all problems. It should be clear that, at that level, most of the population would lose their jobs, and the remaining labor would be so expensive that prices for goods and services would skyrocket. That’s the exact burden the minimum wage places on our poor and low-skilled workers, and ultimately every American consumer.

Since our leaders cannot even grasp this simple economic concept, how can we expect them to deal with the more complicated problems that currently confront us?

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
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By: Peter Schiff
Friday, July 10, 2009

Comment Re:It's The American Drean (Score 2) 1313

In FL a new 4 year grad earns 45k+pension+benefits. Most teachers I know work from 8-3 in the classroom and a few hours outside of that, and a many of them hold second hand jobs, not because they have to by any means, but to simply support frivolous expenses. Add in the ridiculous amount of holidays and summer off, and they are one of the most overpaid professions in my opinion. It takes little special education and ability to teach and almost anyone can do it. Could I walk into any classroom tomorrow K-12 and teach it, yes with out a doubt.

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