There seems to be a lot of negativity from the HN crowd about this. But, the reality is that your fellow Americans voted for this. If you don'y like it, you're going to have to convince people that it's a bad idea. Getting worked up about Trump or Musk or SV bros isn't getting us anywhere.
>Millions of lost jobs, millions of better, easier, higher value jobs created.
Partially true. But look at many of the rust belt towns now. High unemployment, opioid addictions. Has that been a fair outcome for them? Is it ok to leave them behind in exchange for some of these "higher value jobs"?
>Why? It has never been fair play. The US has the world's biggest military and they push countries around for economic gains. The US has historically installed dictators as long as the they side with the US.
Exactly my point. It has never been fair play. Hence the traditional approach to evaluating tariffs does not always work.
>No one in America wants to work in factories anymore. Unemployment is already extremely low. Where are you going to find workers to slave away in a factory in America? Illegal immigrants?
Not entirely true. Many of those workers who would traditionally work in factories are now in low wage service jobs with little job security or prospect for earnings growth.
Trust in institutions is at an all time low. The last thing we need is for these institutions to veer away from their goals to push a political agenda. Good riddance to her.
What I think is really interesting is that there is public appetite for outrage against the tech giants. Hence why this article was published even though there is not a whole lot more information.
Public outrage often results in low hanging fruit for political movements to pick and use for their own gain.
If this snowballs some more I expect reactionary politicians and reactionary policies to rear their ugly head.
" Asymptotically, minimizing the AIC is equivalent to minimizing the CV value. This is true for any model (Stone 1977), not just linear models. It is this property that makes the AIC so useful in model selection when the purpose is prediction."