Wordpress.com would be the equivalent. That said, they don't exactly offer an unmodified WP experience either at least not without upgrading to the higher tier plans. The base plan has plugins disabled for example. Not even sure how it's different from what Matt is accusing WP Engine of.
I agree it’s not as important. There have still been some rather high .com sales though… Ai.com sold for 11M recently. Now personally, I have never accessed ChatGPT through that domain and never seen it even linked from that.
But beer is a much more valuable category for advertisement, and potentially a much more lucrative domain to have. There are social networks devoted to beer (Untappd), communities oriented around it, etc.
MSFT went sideways for like a decade too. Who knows... Intel is doing something the others aren't with building its own fabs. Which arguably carries a lot of risk but it could pay off.
Yeah, they should really unlock the virtualization capabilities. That IMO would make a lot of power users happy. I would love for them to also offer some sort of dual boot option for running macOS on bare metal but that's likely not going to happen.
I'd be happy enough with virtualization, at least then I could make proper use of the hardware.
They should just unlock the iPad's virtualization capabilities. That would let power users run a desktop OS without them really needing to support it.
Also I don't particularly care how any of the touch stuff works in a hypothetical desktop mode as long as I can hook it up to external display with KB+mouse.
Exactly. Here's a great example of them criticizing NYU for researching political influence & advertising on the Meta platform:
"Research Cannot Be the Justification for Compromising People’s Privacy"
https://about.fb.com/news/2021/08/research-cannot-be-the-jus...
Well, I hold crypto, but admittedly it's kind of failed as far as payments are concerned.
I used to use BTC quite regularly for payments back in like 2014-2015. But now, it's too expensive to move around due to fees so I just hold it. The same can be said even of ETH - the fees are too high to interact with a lot of the DeFi stuff.
There are 'layer 2' solutions that tackle the fees issue but uptake of these has been slow.
It's why they pivoted to calling BTC a store of value years ago. The payments side of crypto is kind of disappointing.
I think E3 was on its way out regardless. Nintendo dropped out of E3 years before COVID even happened. I attended a few years and it seemed like the bigger publishers such as Activision kept downsizing their presence at the event. COVID accelerated things for sure, but I imagine the end result would be the same.
Wages are definitely up, but if you factor in all the price increases of rent and groceries, I don't see how anything is better for the poorest. I've seen fast food places here hiring @ $20-25 an hour - that would maybe be enough to buy a 1 bedroom condo 4 years ago in less expensive areas, but you certainly can't on that salary now, not at current mortgage rates anyway. So they're basically in the same place it seems.
And if we're strictly speaking about the poorest - they also don't have a 401k or retirement savings, so they aren't benefiting from the increase in asset prices.
> Between 2019 and 2022, low-wage workers experienced historically fast real wage growth. The 10th percentile real hourly wage grew 9.0% over the three-year period. This tremendous real wage growth at the lower end of the wage distribution was exceptional, significantly faster than in any other business cycle peak since 1979.
Adjusted for the inflation on the items that the poorest tend to spend their money on? The inflation statistics I've seen have a few buckets for certain kinds of expenses, but don't break things down into baskets of goods based on income.
: As there are no official estimates of inflation by demographic and income groups
: In the first post of this series, we present disparities in inflation rates across racial and ethnic groups as well as across income groups between June 2019 and December 2022. We present evidence that during this period, Black, Hispanic, and middle-income households were most affected by rising inflation, experiencing steadily higher price increases relative to the overall average between early 2021 and June 2022. This pattern is largely because a greater share of these groups’ expenditures is devoted to transportation, particularly used cars and motor fuel, categories that led the 2021 inflationary episode. However, over the last five months, as transportation inflation has declined, these gaps have declined as well.
: It is likely the case that the same rate of inflation represents a greater welfare loss for lower-income than higher-income households because of the former’s lower capacity for substituting to less expensive goods, greater liquidity constraints, and larger marginal utility of real income.
Well no, inflation-adjustment is inherently naïve. It assumes that everything rises at the same rate of inflation, which is obviously not true. Rent has surged far faster than inflation for example.
> inflation-adjustment is inherently naïve. It assumes that everything rises at the same rate of inflation
It doesn't. "Real wages" are adjusted to changes in CPI. It makes no assertions that everything inflates at the same pace, any more than the overall CPI figure does the same.
If your wages went up 20%, and the CPI went up by 10% (composed of, say, a 40% rise in rent and some commensurate declines in other goods and services), your real wages went up by 10%. Of course, how that impacts actual individuals is different based on their circumstances.
The problem is that CPI does not accurately reflect true inflation. If you chart wage growth to M2, you see it hasn't' kept up, and you also can see that assets have outpaced inflation quite a bit.
>These items are products such as used cars, furniture and appliances, which saw big run-ups in prices during the pandemic.
So is this an actual reduction in price, or yet again just covid supply squeezes easing off? Does a 2.6% drop in price actually offset the price increases of the past 5 years?
I'm sorry, that was poorly worded. What I was trying to say is that if the CPI is 10% and one component of it is 40%, it implies the presence of other components that are under 10% (and of course, the possibility of some that might have been negative).
> Wages are definitely up, but if you factor in all the price increases of rent and groceries, I don't see how anything is better for the poorest
Well yes - rent is driven up by more people being around, and groceries by wages and fuel going up. As for fast food jobs - if a fast food job can get you a place to live by yourself that's amazing, but surely that's going to be harder and harder to find as demand stays high and the number of 2-income families, who can just out-bid you easily, also is high.
