Let's pretend there are only $100 in our imaginary economy which buys and sells a limited supply of 100 bricks at $1/brick. You ask to borrow $50 to buy 50 bricks, so a lender loans you $50, to be repaid with 10% interest. You work and are paid from the other $50 owned by others. Eventually, you pay back $55 (due to interest). There's still only $100 in the economy throughout this exercise, just the relative proportions owned by people change.
Alternately, the government prints that $50 and gives it to you (this is a gross oversimplification of quantitative easing). Now there are $150 in the system. The brick sellers know the government has done this and that you have more money, so they bump up their prices to $1.50 simply because they want the most money possible. $1 now buys less, 33.3% less.
Likely both. I used to be involved in creating educational material for employers. First, voiceover artists were replaced with shockingly low quality AI models. This was about two years ago. Training prices didn't drop and no employers complained.
The industry experts we'd pay for consultation were increasingly replaced with ChatGPT queries. Information was sometimes wrong but the employers purchasing these trainings would catch and correct it (for free) in the proofing process. Prices stayed the same, employers still didn't complain.
After launching trainings, we'd monitor engagement. When asking relatively simple questions that anyone who paid attention would be able to answer immediately, the average response time was initially about 2-3 minutes, then about 60-90s for subsequent questions. They were likely finding ChatGPT and using it to answer the questions. We shared these findings and, you guessed it, employers didn't care.
I had no idea about FedEx! Whenever someone sends us a package via FedEx, it's always delayed 1-2 days from the delivery date, regardless of the service level. This explains a lot.
I'm sure I'm preaching to the choir here, but there's so much commonly misunderstood classic literature. The Great Gatsby, Fahrenheit 451, Wuthering Heights, and Romeo and Juliet come to mind. I've bitten my tongue more than once as I've listened to others use Romeo and Juliet or Wuthering Height as enviable examples of romance.
SoleInvictus @ SoleInvictus @lemmy.blahaj.zone Posts 7Comments 1,016Joined 1 yr. ago
I see you're familiar with the Two Santas strategy. Link for those not familiar, and you really need to be familiar.