You seem concerned with a “moral failures” aspect of debt, which doesn’t make for an interesting discussion. If you’re not interested in the complex system of algorithmic finance and its intersection with poverty and generational wealth, I’m not sure there’s much of a discussion here.
I already mentioned that some well paying jobs (the kind that people stuck in debt traps would most benefit from) require an active credit score to obtain. So “not using credit” is not an option. As well, credit is a primary way that the people who hold generational wealth got that wealth. Oh, and they run the system.
You’ve created a straw “poor person” and insist on shadow boxing it. If you ever decide to confront the complex systems that these fellow humans face, I encourage you to read up on the modern credit system. Wikipedia has a good rundown with active sources.
Nope. Whether you use credit or not, the credit bureaus collect information about you and share that with all manner of other companies, including employers.
Yep. It’s all a secret. You are measured by an invisible system that you can’t opt-out of, can’t question… oh and just in case you thought you could learn from experience, here comes a newer “version” of the score that determines whether you’re allowed to build equity or whether you’re relegated to paying someone else’s mortgage.
This is absolutely sensible and also impossible for the patchwork of systems that an individual has to navigate. These systems would have to talk to eachother, and they don’t.
That’s why I’m in favor of a straight cash subsidy through the negative income tax.
As the article notes, US and Mex have bilateral extradition so it’s doubtful she intended to stay there to escape prison. She was likely going on to another country after that.
Who built the API and who pays to maintain it? These are not public goods in the traditional sense. The incentives must align or else the benefit is only maintained through benign neglect.
It was always odd to me that entire businesses relied on what was essentially the goodwill of a corporation. I think the same about things like microG in the Android world. They just… use Google’s API without paying and yet we think it’ll all work out?
That you don’t think the possibility of governments prosecuting vulnerable women seeking health care in the US using surveillance capitalist tools is a story says more about you than the article.
I hope they work for you. They did not for me, unfortunately. The text was too fuzzy to not give me a headache and something about it gave me motion sickness.
Agreed. The “risk” here is that you won’t get to stay with the same company your whole life and collect a pension. The “risk” is also that you’ll need to retrain yourself to match the change in the industry. This is different from the expectations that people have for other industries, though job security certainly isn’t what it used to be outside of tech either.
If your friend told you they lost $10,000 in the stock market today, would you feel bad for them? What if they then told you that they're up $500,000 over the past year? How about then?
These layoff articles are incomplete without mentioning how many they hired and when. This brings Microsoft back to their staffing levels of when exactly? March 2021?
Is there a source for this that isn’t goodereader? The writing on that site is badly in need of an editor. It consistently gets basic facts about stories wrong.
For example, right in the first sentence is a factual error, as pointed out by many people in this thread:
“Amazon announced it has made some changes with regard to the e-books purchased via the Kindle Unlimited program.“
Books are not “purchased” through the Kindle Unlimited program.
I already mentioned that some well paying jobs (the kind that people stuck in debt traps would most benefit from) require an active credit score to obtain. So “not using credit” is not an option. As well, credit is a primary way that the people who hold generational wealth got that wealth. Oh, and they run the system.
You’ve created a straw “poor person” and insist on shadow boxing it. If you ever decide to confront the complex systems that these fellow humans face, I encourage you to read up on the modern credit system. Wikipedia has a good rundown with active sources.