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(Thread IKs: skooma512)
 
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Justin Tyme
Feb 22, 2011


Nothus posted:

Turns out the restaurant industry is only viable via wage theft or slave labor, shame we've built our entire culture around going out to eat.

Not true, there's a local place that is starting to franchise out to other cities that is doing insanely well and pays servers $20 per hour/bartenders $25 per hour. It helps the food is loving amazing too.

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Frosted Flake
Sep 13, 2011

Semper Shitpost Ubique

Pittsburgh Fentanyl Cloud posted:

The modern restaurant industry has only been a thing since the late 1970s, USDA says 1977 was the tipping point where spending on food away from home outstripped food at home. Probably a deliberate policy choice to paper over manufacturing employment making GBS threads the bed, shame it’s a load-bearing pillar of the economy now.

and remember, when dining was at hotels, or fine restaurants, being a waiter paid really well, that's why the old stereotype of them is as snooty. I don't know the degree to which America ever had the whole brigade de cuisine tradition outside of like the Ritz and Algonquin or whatever, but these were not people you abused into servitude, that's an American cultural innovation.

Short order cook was considered well-paying skilled labour until relatively recently.

e: Without doing a survey of the lit, I would hypothesize that dining going from large urban areas out to the suburbs and Middle America drove this transformation by making it the domain of small business tyrants instead of restauranteurs, and the clientele boorish swine who wanted to bully their lessers rather than people who didn't feel insecure about their class position and so didn't need to dominate the staff.

Frosted Flake has issued a correction as of 16:49 on Jan 24, 2024

PostNouveau
Sep 3, 2011

VY till I die
Grimey Drawer
Megan McArdle with a banger of a column defending overdraft fees.

https://archive.is/ikpDi

quote:

Unfortunately, good politics don’t necessarily make good policy. And I’m worried this move might end up hurting some of the very people it’s supposed to help: low-income Americans on the fringes of the banking system.

These people are far and away the heaviest users of bank overdrafts. The Financial Health Network, a personal finance nonprofit, says the group most likely to overdraft includes “financially vulnerable” households that struggle to pay their bills every month and typically make less than $30,000 a year. Almost half of financially vulnerable households with checking accounts overdrafted in 2022, and of that group, two-thirds overdrafted at least three times, one-third did so six or more times, and one-fifth overdrafted 10 times or more. With an average overdraft fee of $26.61, hundreds of dollars in fees can land on the most cash-strapped customers. Capping those fees — possibly as low as $3 — would be a huge boon to families who really need the help. Who could oppose that?

Well, as with any nice-sounding policy, it’s important to consider the alternatives, both for the customer and for the banker.

For depositors, overdraft fees can be an expensive alternative to even worse options, such as payday loans or having their electricity shut off (and paying a reconnection fee to turn it back on). And “the best of bad alternatives” can also be sort of true for bankers, who must find some way to defray the cost of providing what is basically an unsecured loan to people who are, as we’ve seen, often financially struggling and might be unable to repay the money. The fees also help pay for “free” checking (which costs banks quite a bit of money to provide).

If we cap overdraft fees, how will banks make up the lost revenue?

Taima
Dec 31, 2006

tfw you're peeing next to someone in the lineup and they don't know

Say what you want about this guy (and his ludicrous position that people lived in caves 300 years ago? lol) but this dude's snapping his fingers game is on point.

He could say anything and if he's snappin, I'm buyin

Dude looks like a beet.

Frosted Flake
Sep 13, 2011

Semper Shitpost Ubique

PostNouveau posted:

If we cap overdraft fees, how will banks make up the lost revenue?

Megan McArdle's whole thing is that I should be expected to care about "problems" like this, the financial costs to the ownership class of things of social value, and I have never understood why?

I am not a libertarian. I am not a member of the banking class. Why should their profits concern me if the proposal improves the common welfare?

She always argues as if libertarianism is common sense that only needs to be presented in twee metaphors, but I have never seen her even try to convince someone why they should adopt the libertarian point of view.

Pittsburgh Fentanyl Cloud
Apr 7, 2003


Frosted Flake posted:

and remember, when dining was at hotels, or fine restaurants, being a waiter paid really well, that's why the old stereotype of them is as snooty. I don't know the degree to which America ever had the whole brigade de cuisine tradition outside of like the Ritz and Algonquin or whatever, but these were not people you abused into servitude, that's an American cultural innovation.

Short order cook was considered well-paying skilled labour until relatively recently.

e: Without doing a survey of the lit, I would hypothesize that dining going from large urban areas out to the suburbs and Middle America drove this transformation by making it the domain of small business tyrants instead of restauranteurs, and the clientele boorish swine who wanted to bully their lessers rather than people who didn't feel insecure about their class position and so didn't need to dominate the staff.

https://www.ers.usda.gov/publications/pub-details/?pubid=90227

Basically dining out all the time became a middle class signifier in the late 1970s/early 1980s and intensified as other class signifiers like the big house or the European vacation became out of reach for normal middle class Americans. It isn't about the food, it's about the distinction between the server and the served.

Pepe Silvia Browne
Jan 1, 2007

i've seen 3 guys i know post this lol

Nonsense
Jan 26, 2007

PostNouveau posted:

Megan McArdle with a banger of a column defending overdraft fees.

https://archive.is/ikpDi

Which matters more Megan, the bank wetting their beak, or the poor getting relief?

i am harry
Oct 14, 2003

LonsomeSon posted:

they should do the kind of inspirational meeting where two of the c-suite guys plummet to their deaths due to inadequate load-bearing capacity, like that other company did

that was great

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy

Pepe Silvia Browne posted:

i've seen 3 guys i know post this lol

my favorite part is when he says people living in caves was only 300 years ago

i am harry
Oct 14, 2003

Mr Hootington posted:

I work in manufacturing on physical goods.

don’t forget the bad post factory you also pull a shift at every day!

Frosted Flake
Sep 13, 2011

Semper Shitpost Ubique

Nonsense posted:

Which matters more Megan, the bank wetting their beak, or the poor getting relief?

This is what I mean. To her, it's obvious that the bank matters more. The danger is that the poor getting relief might impair the bank wetting their beak.

But, she treats libertarianism as natural law, and I realize she's been immersed in it her entire life and committed herself to the project, I have never seen her actually make the case for all of the assumptions built into her work.

I've had to read philosophy by libertarians, like Javier Hidalgo and Christopher Freiman, and it's like this too. If you aren't a libertarian, imo, it's either inane drivel or insane, because whatever "first principles" means to libertarians, that's clearly not the case for me as an uninitiated reader.

i am harry
Oct 14, 2003


the thing about peoples bodies is that when you take a bunch of drugs it shows
it’s amazing to me that people’s brains are going “jesus christ look at how hosed up this man’s face and skin is. better listen to him!!!”

net work error
Feb 26, 2011

Number is so happy and healthy today. Netflix news has filled up the system with optimism!

spiritual bypass
Feb 19, 2008

Grimey Drawer

i am harry posted:

the thing about peoples bodies is that when you take a bunch of drugs it shows
it’s amazing to me that people’s brains are going “jesus christ look at how hosed up this man’s face and skin is. better listen to him!!!”

bet he's strong though

Paradoxish
Dec 19, 2003

Will you stop going crazy in there?

i am harry posted:

the thing about peoples bodies is that when you take a bunch of drugs it shows
it’s amazing to me that people’s brains are going “jesus christ look at how hosed up this man’s face and skin is. better listen to him!!!”

Anyone actually attempting to follow the typical grindset work schedule will be dead by 60 anyway so there's not much to lose in listening to the drugged up psycho.

Fitzy Fitz
May 14, 2005




he should let the drugs cool off a bit before he goes on camera

Soapy_Bumslap
Jun 19, 2013

We're gonna need a bigger chode
Grimey Drawer

spiritual bypass posted:

bet he's strong though

He has that resting "forcing out a giant dump as hard as i can" face

George H.W. Cunt
Oct 6, 2010






Timecube coming back in a big way

Willa Rogers
Mar 11, 2005

Paradoxish posted:

People are putting things on credit cards and then not paying the credit cards off is literally just another way to say that people don't have any money lmao

The massive focus on responsible credit card usage (ie, putting everything on rewards cards and then theoretically paying down the full balance every month) is going to gently caress a huge number of people because just stopping doing that when you don't have the money anymore is incredibly hard.

not to mention APRs being at record highs.

Scarabrae
Oct 7, 2002


is this the Hard RRR?

Scarabrae
Oct 7, 2002


“Not merely the validity of experience, but the very existence of external reality was tacitly denied by their philosophy. The heresy of heresies was common sense.”

Mandel Brotset
Jan 1, 2024

#nofilter

Justin Tyme
Feb 22, 2011


Hes called speedceo because he does speed every day

Grey Fox
Jan 5, 2004

Taima posted:

Say what you want about this guy (and his ludicrous position that people lived in caves 300 years ago? lol) but this dude's snapping his fingers game is on point.

He could say anything and if he's snappin, I'm buyin

Dude looks like a beet.

I made the mistake of showing this to a couple covid brain damaged friends last year and now they're unironically obsessed with this guy and completely forgot how they first heard of him

Raccooon
Dec 5, 2009

But what if I my days are 6am-10am 10-am-2pm and 2pm-6pm

I’m getting a whole extra day and out stacking this dude all year.

euphronius
Feb 18, 2009

if you are rich I think it’s a lot of easier to do 20 hour days or whatever since the work is like … talking on the phone or emailing someone and you don’t have house work

RandomBlue
Dec 30, 2012

hay guys!


Biscuit Hider
I've already defeated that guy by dividing my days into 4 days so I have an extra day on him every day now.

euphronius
Feb 18, 2009

Like I know I could email for 20 hours a day if needed

Grey Fox
Jan 5, 2004

euphronius posted:

if you are rich I think it’s a lot of easier to do 20 hour days or whatever since the work is like … talking on the phone or emailing someone and you don’t have house work
yes they've made videos about this

They take ubers everywhere so they can stay on the phone/computer, they justify the cost of delivery apps like Ubereats because cooking and grocery shopping cuts into their grind time

In Training
Jun 28, 2008

euphronius posted:

Like I know I could email for 20 hours a day if needed

I would go absolutely insane

Homeless Friend
Jul 16, 2007

euphronius
Feb 18, 2009

well during that 20 hours of emailing I’m sure you could take like 4-6 hours to relax and work out

Nothus
Feb 22, 2001

Buglord
https://x.com/Indian_Bronson/status/1750136255306686806?s=20

lol boeing

genericnick
Dec 26, 2012

rex rabidorum vires
Mar 26, 2007

KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN KASPERI KAPANEN
The QE talk reminded me to check how the Fed balance sheet reduction is going and all I can say is lol followed by a very hearty lmao. If they're going to turn the money hose on again after the ATHs and barely reducing their balance sheet just rofl. 0 risk risk of the moneyed economy and everyone else can get hosed.

Oh right and velocity is still dogshit. Thanks Obama!

DesertIslandHermit
Oct 7, 2019

It's beautiful. And it's for the god of...of...arts and crafts. I think that's what he said.

*plucks jaw harp* Boeinginginging

bedpan
Apr 23, 2008


"quality focus day" means management giving hours of insincere talks about quality being #1 or some dreadful poo poo like that

Glumwheels
Jan 25, 2003

https://twitter.com/BidenHQ
Idk maybe hire airplane experts to run an airplane mfger? Maybe having dipshit CEOs from random corporations on the board of Boeing isn’t helpful?

Seeing the same thing with other companies like Nike. Putting an idiot who doesn’t have experience with the category in the ceo spot and oh look, everything goes to poo poo.

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Beached Whale
Jun 27, 2009

The world as will and idea

https://twitter.com/DeItaone/status/1750176504615469566

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