Indian CEO took over a firm, booted out founders, hired Indians.
This is incredibly common and incredibly racist. In the liberal world, you’re not allowed to say anything about this. But the truth is a lot of Indian people will only hire from their own country and even worse, their own caste.
It’s one of the many reasons I do not support the current H1B program and think it should be dissolved.
This and housing costs is the main reason we rejected immigrating to Canada. They have really screwed themselves over hard.
That’s sadly correct. Most “welfare” is given to the already well-off or wealthy. These include the mortgage interest deduction, subsidies, tax breaks all over the place, plum government no-negotiation exclusive contracts, regulation that favors incumbents, copyright, patents and many, many others.
It’s no surprise that the best and more capable employees leave when RTO mandates occur. I would quit immediately if I were forced back into any office and will never work for a company that requires office attendance again. It is so insanely unproductive. And to be perfectly frank, compared to my peers I am somewhere between 3-20x as productive as the average employee in my career field. Lose me and you’re going to have a hire a lot more people1.
Good to see some research around this.
This is funny, and true, but when malls decided they were for Directly Observable CapitalismTM only and not for any hanging around, being social and having some sort of community function they became much more boring. And, funnily enough, much less profitable. This shows that social control trumps profit, as I’ve long posited. It was more important to restrict social spaces than it was to make money. The tale everyone spins is that the internet killed malls. But that’s not really true. It was the ownership class deciding that the interests of fuddy-duddies who didn’t actually spend that much money were more important than those who purchased the most but were younger and less socially powerful.
I could not find it again, but think it was on Reddit — anyway, there was a story someone told about they and their 18-22ish-year-old friends hanging around at a Starbucks nearly every day, not being disruptive, just chilling. Then out of nowhere, the owner asked them to leave and not come back. So they did. Turned out this group and their friends who would drop by also sometimes were responsible for something like 30% of the store’s sales alone. The drop in orders was so severe that when the owner saw one of them again, he apologized profusely, gave them all a free couple of days of drinks and asked them to please, please come back.
Malls never did the “begging to come back” part. The fact is, most people are dumbasses most of the time. Mall owners are no exception.
It’s kind of hard to have a viable industrial economy with electricity that expensive. But the UK and Germany (et al.) did that to themselves.
How ‘the mother of all bubbles’ will pop.
A lot of people in Europe are Big Mad that they’ve shot their economies in the foot, the face, and the ass while so far the US largely has not. It’s both sad and hilarious to watch. It’s sad because we’ll be fighting Russia for them in 2030 because they will be unable to do so, and hilarious because they’re so aggrieved by something they themselves largely caused and continue to inflict on themselves.
All that said, I don’t disagree in the main. I think that the US can’t keep dominating so much as it does now. Trump might put an end to this or might not, but it’s not a question — the US simply cannot be the entire world’s economic engine in perpetuity. And should not.
What I’m laughing about is that so many Europeans are angry about how the US didn’t make the mistakes their bloc made and hold us at fault for their failures. Like, you’re the ones who fucked up, broes and broettes. We had nothing to do with it. Own it or shut up.
But, but, but…transitory!
Correct. I see people complain about “government bureaucracy” fairly frequently — and it’s a private company they’re carping about. And then some claim the bureaucratic whirlwind is due to “regulations” when the supposedly-responsible regulations haven’t changed for 30, 40, or 50+ years.
No, it’s just that when bureaucracy can increase it does. Especially when it can be used to strategically extract more money from you in the now-dominant scam economy.
Netflix’s Extraordinary Parental Leave Was Part of Its Culture. That’s Over.
Once the MBAs take over a company, it becomes about control and cruelty even over and above profit. The conventional story is that MBAs do what they do for profit. But that’s not really true at all. In large companies especially, profit is anywhere from third to tenth priority on the list. The top of the list is about status, power and control.
And yes, I have worked for large companies so I know and have experienced this directly.
It’s just fucking absurd that anyone can believe this. And anyway, what Noah claims that graph is portraying isn’t actually what those numbers really are. As Ellie points out, it’s this:
Which is a completely different thing. In reality, Americans pay far more out of pocket for far worse outcomes. Why does Noah seem to enjoy lying about stuff like this? What does it get him? I mean, what is the point?
Trains are a romantic thing for a lot of the left. But in much of the US, long-distance rail makes no sense. Air travel is cheaper and far, far more flexible. Building all that rail is fantastically expensive and then you have to maintain it (also expensive). And even after all that, it only goes 1-2 places.
We need more airports and more connections, mostly. And more rail where it has some practical use (which maybe covers 1/20th of the US, but 50% of the population).
CEO told me yesterday that I should prepare myself to be laid off on Monday.
It’s always dangerous to accept the counteroffer. In a lot of places, that puts a target on your back and means you’ll be the first out the door when there are layoffs or when they just hire someone cheaper to replace you out of spite.
You were a marked man (woman?) the moment you did that.
It is telling with only one assassination how terrified the rich and their sycophants have become (Aella below is a plutocrat sycophant — those are her clients!).
That shows the plutes know their situation is fragile. And have also realized they are not the bulletproof gods they thought they were.
You might find this arrogant, but alas it’s actually true. It’d take 15-20 average Indian outsourced employees to replace me. And then the work would still be substandard compared to what I do.
And I think that’s true of most really good workers.