I'm not sure that list is a fair way to determine an industry's profit per employee.
Law firms aren't allowed to form C corps, which limits their size and would keep them off that list. I would expect top law firms to be in those ranges in for profit per employee, but they're much smaller so it isn't a fair comparison.
at my university's law school, which is a T14, the average starting salary is 125-150k.
Which is a lot, but not as much when considering that most law grads have mountains of debt plus the opportunity cost of not being the workforce for 3 years. Plus they average 55+ hours per week. And usually cannot work from home.
You're better off doing CS undergrad and working for a Big 10. The hours are on average and can be flexible if you're an efficient worker.
That's likely the mean salary. Median starting salary in that space is likely $160k. Some market leaders have recently moved to $180k.
But yes. The debt burden is incredible. I am nine years out of school and - albeit primarily due to working in the public sector - I still have six figures in federal student loan debt. And 55 hours/week is on the low end. Most firms require around 2100 billable hours. If you figure 50 weeks worth of working days, that's 42 hours of real, substantive work per week, which you have to account for in six-minute increments, plus all of your normal basic admin and staff meeting nonsense. During busy times, we were told to aim for as much as 300 hours/month.
There's a reason burnout is so high among lawyers at large firms.
They won't. Like USA, we have our own gaggle of extreme conspiracy theorists who are always paranoid that the Central Government is a dictator that wants to reduce states to powerless puppets.
If I had to guess the conspiracy is that Central government does not want to excavate sites that prove that Sangam culture was greater and earlier than the Northern Indian culture.
If all the miners go away the difficulty requirement will drop on its own to maintain the 10min block rate. No need to fork anything: https://en.bitcoin.it/wiki/Difficulty
As I commented in another thread: the difficulty adjustments happen periodically after a certain number of blocks, not after any given period of time. If the hash rate decreases, the adjustment slows down along with everything else.
A 5%/day sustained drop is enough to halt transaction processing entirely.
Interesting weakness! I hadn't considered that. (Potentially also an interesting attack vector for states wanting to shut it down?) It would indeed force the community to change the difficulty algo to work around it.
I'm definitely looking forward to where this research takes us. I'm curious if there have been any efforts to create a muon-like transmitter that would add more flexibility to the sensor system. Is there something about muons that prohibits this?
Some speculation - this trend would make sense if wage growth had stagnated, and the upper class earners are making more of their income from capital gains and other similar sources.
There was actually a dispute about a potential Cruise cofounder getting compensation for equity at the acquisition. They recently settled the lawsuit out of court [1]. I agree they have good leadership, but they're not without any lawsuits.
Debt holders (bonds) have a higher liquidity preference than equity (stocks) in the case of financial trouble. An oversimplified example being if Tesla was liquidated with $3B in assets, and $2B in debt, the debt holders would be paid $2B first and equity holders would split whatever was remaining.
But debts to suppliers and bank loans still get paid first right?
It seems unlikely with someone like Musk at the helm that the company would be wound up before assets (and loans guaranteed on them) didn't pay the salaries. Hence, in the case of liquidation, I can't see bondholders getting any more than shareholders - ie. NILL.
Correct, suppliers etc are higher on the liquidity preference than debt. If something were to go wrong, its most likely that Tesla would get a soft landing (e.g acquisition by Toyota) that would pay debtors significantly more than equity holders, but doubtful it would be 100% of what is owed in that scenario.
Currently doing some projects on the life sciences industry, most researchers I have met are using straight Excel, VB.NET when VBA macros aren't enough or R.
That WSJ article is very interesting, and I haven't seen production costs broken down clearly like that before. It's curious that Saudi Arabia is listed as having $0 per barrel in the Gross Taxes chart even though there's a 20% royalty and 85% income tax on Aramco. I'm curious if that information wasn't know when the article was created, or if those fees are significantly different than export taxes from an accounting perspective.
Law firms aren't allowed to form C corps, which limits their size and would keep them off that list. I would expect top law firms to be in those ranges in for profit per employee, but they're much smaller so it isn't a fair comparison.
2 of the top 6 in that list are in medicine.