> The people who really need the chips, and would be willing to pay a lot more than $X for them, will be competing with people who are only willing to pay $X for them.
If there was an Ozempic shortage tomorrow, it's not the morbidly obese people who "really need" it who would be getting it, it would be the Hollywood A-listers who need to drop 4 pounds for their next movie, or the billionaire who's feeling a little tubby. Price is a good allocation system, but it's important to recognize that it's not a mechanism for attaining some kind of ethically "best" allocation.
The first two videos listed on PornHub.com are "FUCK THE CONDOM! Skinny Blonde Girl Opens HER LITTLE ASSHOLE FOR MY BIG COCK" and "2 Friends Want to Try an African Dick in the Ass for the First Time While They're Pissed On and Humiliated."
The First Amendment makes this kind of stuff borderline impossible to regulate in the US, but it's pretty obvious that this stuff is harmful to people's brains and that society would be better off it was not available to people (especially minors).
The first two videos listed on YouTube.com are "FUCK THE SCAMMER! Indian Scammer Opens HIS LITTLE WALLET FOR MY BIG COMPUTER HACK" and "2 Friends Want To Try Benadryl Challenge for the First Time While They're Pissed On Drugs"
If the excavators only worked half the time, sometimes goes out of control bonking someone in the head and costs a billion dollars, then yeah they're pretty bad CEOs
It's not a bad practice to automatically dismiss any pilot who ejects from a plane (other than test pilots) except in cases which are wholly obvious equipment failures. It will ensure that for these planes which cost hundreds of millions of dollars, the pilot doesn't eject unless, yes, they really fucking need to eject.
Will this mean you accidentally fire some great pilots? Yes. But given the cost of these airplanes it is better to spend some more money on training a few more pilots.
I think you’ll find that the cost to train pilots is also substantial. Mostly pilots have 100-1000s of hours to be “combat ready” at many $1000s/flight hr. Google says around $10M for F-35 pilot.
Better to follow protocol and eject. The link is a story where a good pilot followed protocol but still got screwed over.
Implicit in this view is that a pilot’s life has a cash value and that value is something less than “hundreds of millions of dollars” or a single digit multiple thereof.
The plane in this incident was valued at $136M USD.
He was in reality about 1900 feet AGL at the time of ejection. Planes fall around 160 feet per second when stalled.
How much money would you accept to not pull an ejection lever for a few more seconds in a zero-visibility setting without instruments in a falling/stalling plane that you personally are sitting inside? How about at 1900 feet AGL? That’s 12 seconds before impact on a good day.
> Eject and lose your career means more pilots will crash.
Maybe, maybe not. But I do expect that if another pilot finds himself in Del Pizzo's situation, they're going to do a more thorough survey of the plane's capabilities before ejecting. Maybe that's the outcome the Marines is looking for, even if it puts their pilots at risk more often.
You have no real reason to believe that, you are pulling the reasons out of your rear. Read the reports, literally the investigations themselves concluded that most pilots would have ejected and that there was no misconduct.
The cost of the pilot will always be less than the cost of the plane. So why provide the capability to eject in the first place? Presumably you get better pilots when they know a problem with the plane doesn’t mean death for them or their career.
Not just that, but training pilots takes time, and getting them the experience they need to be seasoned pilots takes even more time. While you can certainly put a dollar amount on the cost of that training and experience, it's harder to quantify how much it's worth to have a trained, experienced pilot right now, vs. a new one that's starting from scratch and won't be at the same level for years.
First of all, the F-35's job is to kill people, let's not get overly moralistic here, but of all places, the military is quite explicit about using human lives as expendable resources to achieve military objectives. If the Chairman of the Joint Chiefs is asked to choose between losing 20 enlisted privates in a training accident vs. losing 20 B-2 bombers which one is he going to choose?
Western societies have higher social trust which enabled them to outcompete the rest of the world. Business moves at the speed of trust. Now that western society has increasing contact with the low trust world it is regressing to the mean.
This uses the economists' definition of "productivity" creating a confusing headline.
In reality, "productivity" as a layperson would understand it hasn't increased at all and the reason isn't very "curious." What's happened (by the economists' own conclusion) is that more people are ordering take-out and fewer people are eating in the restaurant, causing the restaurant to make more money per unit of labor. This is a trend that is probably going to make things like social isolation etc. worse, so not really something to celebrate.
They tend to have cult dynamics because the people who subscribe to the cult dynamics are the ones who get promoted. If you’re happy to just make a living as a software engineer instead of trying to propel your way up the ladder of the world’s richest companies then you can live very happily and comfortably.
Yes, but this is not the people they'll hire for this kind of job. They're looking for the batshit crazy that will do this kind of stuff. This is the reason for the psychological profile they do in lieu of interview, when hiring managers.
If there was an Ozempic shortage tomorrow, it's not the morbidly obese people who "really need" it who would be getting it, it would be the Hollywood A-listers who need to drop 4 pounds for their next movie, or the billionaire who's feeling a little tubby. Price is a good allocation system, but it's important to recognize that it's not a mechanism for attaining some kind of ethically "best" allocation.