The blacklisting is interesting, but a 1% default rate doesn’t seem particularly high. E.g. the US default rate has possiblity never been that low (graph only goes back to 1991): https://fred.stlouisfed.org/series/DRSFRMACBS
The blacklisting is interesting, but a 1% default rate doesn’t seem particularly high. E.g. the US default rate has possiblity never been that low (graph only goes back to 1991): https://fred.stlouisfed.org/series/DRSFRMACBS
Economists think that directly tying wages or prices to inflation can cause inflationary spirals. CPI is based on prices, and raising wages will eventually raise prices and CPI, so if you raise wages based on CPI, it can enter a positive feedback loop.
It might be ok if the feedback is slow enough or if the minimum wage influences a macroeconomically insignificant proportion of wages.
Debtors prisons are still illegal and don’t exist in the US. It’s all explained in the article, but the issue is really that poor people have bad legal representation, local judges aren’t all great, and private debt collection is out of control.
In the US, your creditors should generally only be able to garnish your wages up to legal maximums. You can’t get prison sentences in civil trials.
Arrests are a last-resort way for a court to force someone to appear. The other jail time is basically contempt of court for failing to comply with court orders. These should probably exist in general, but they are likely misapplied for the above reasons in these cases.
Write to you representatives about the above stuff, not debtors prisons, since they won’t know what you are talking about.
Also most workers at tech companies are not computer programmers. Marketing, sales, support, success, operations, managment, recruiting, HR, accounting, project managment, and product managment usually make up most of the employees. You are probably better at these jobs if you have prior experience in the same industry, but what job isn’t like that?
They could potentially bring a related criminal suit later. I’m not an attorney, and there are a lot of specific rules about, but the stakes are lower in a civil case (i.e. no prison) and the burden of proof is easier, so you can more easily prove things or get the defense to admit things in a civil case that can sometimes make a criminal case easier.
Even if you can’t cite the civil case from the criminal case, just the fact that the civil case ruled one way gives the prosecution confidence to commit to a criminal case and leverage if they negotiate a settlement.
These are all so old that I think it supports the point. A lot of today’s useful materials, chemicals, and pharmaceuticals were invented by corporations around that time, but in recent history, corporate labs have been gutted and cherry pick out of universities.
E.g. in recent history, AlexNet came out of utoronto, Google bought Alex’s startup shortly after, and then Google started developing deep learning models.
It’s funny you mention that since YouTube led the web in dropping support for IE 6: https://blog.chriszacharias.com/a-conspiracy-to-kill-ie6
That kind of thing isn’t quite in their DNA anymore, but you never know.