I'll go further and say what we probably want is for the derivative of net income as a function of earned income to be monotonic increasing but max out less than 1. So that there aren't ranges of income where you are receiving very little per dollar earned and then after some point start receiving more per dollar.
But solving benefit cliffs really just means having earned=>net income strictly increasing with the marginal rate reasonable, say at least 30 cents more net income per earned income. Under that constraint, you could have ranged where net income grows slower until you hit some higher dollar amount of earnings, but imo that should also not be desirable.
> The solution would simply be to stop making benefits decrease when salary goes up.
That's an option, and I'd be interested in how the math works especially with predictions of how the economy would respond.
That said I don't think not decreasing benefits is an important requirement. But net income (benefits + earned income - taxes) should be strictly increasing with earned income, and probably at a rate of at least 50% but ideally higher than that up to some reasonable definition of middle class income. It should never be the case that if you earn more you can end up worse off.
> That's an option, and I'd be interested in how the math works
The math works because the derivative of a constant is zero, it's that simple.
> That said I don't think not decreasing benefits is an important requirement. But net income (benefits + earned income - taxes) should be strictly increasing with earned income, and probably at a rate of at least 50% but ideally higher than that up to some reasonable definition of middle class income.
Exactly, it doesn't need to be fixed, we could also have decreasing benefits, simply with a much lower rate of decrease (ideally the rate of decrease should be the marginal tax rate for this income). But in practice such a system would be much more complex than a flat benefit system for little gain (the more limited the decrease rate is, the closer to a flat rate your public spending would be).
This. No need for continuity in the derivative - the marginal tax rate should be fine to jump around - but should start low (I'm fine with negative) and increase as you earn more. Like US federal tax brackets, but with benefits also considered.
Continuously differentiable is fine with jumps in that derivative.
I agree in principle. And I also suggest that we should probably only have one bureaucracy that does means testing that can then administer both taxes and benefits. No need to duplicate the effort.
However most benefits and taxes aren't just means tested against income, but a myriad of other conditions. So net transfers aren't just a function of income.
Did we read the same thing? I think Google here said there would be a $25 fee per developer (for those who can't fit in their limited distribution category). I suppose it's much better than a fee per paid install but it's not nothing.
They announced the $25 "verification" plan awhile ago. The new part in this article is that they're going to have it remain possible to install software that didn't do that "verification".
> Based on this feedback and our ongoing conversations with the community, we are building a new advanced flow that allows experienced users to accept the risks of installing software that isn't verified.
> The Chinese laborers working in BYD and foxconn factories have higher wages than their equivalents in Mexico and Vietnam building products sold for 3-5x as much in the US.
I'm having a hard time parsing this. Also, source?
> The cheapest labor in the world is found in Africa and yet Western industrial manufacturing has largely ignored the continent. The price of labor isn't the most important factor here.
... Yeah this seems fair. I think a lot of Africa has an infrastructure problem - it doesn't matter how cheaply you can manufacture if you can't move large volumes of raw materials/parts to the factory and finished goods from the factory. Plus many areas in Africa have security issues which make them less attractive places to do business. Geographically, a lot of the continent is cursed with hard to navigate rivers as well (the upper Nile being an exception), so only coastal shipping is really viable.
Re: wages, we have info from reporting. BYD had protests last year when they cut worker overtime at one of their factories, dropping salaries that were previously 8.5k-11.5k USD to 5-6k. Foxconn offers base rate around $2.50/hr, so 5k USD without overtime (which you'll inevitably work). This used to be higher as well.
Mexican autoworker wages came up during the GM UAW negotiations. Those range from about $9/day (~3k USD) up. Higher paying positions tend to go to Americans crossing the border.
Vinfast pays about 100M dong (4k USD with bonus) to their factory workers in Vietnam, which is quite a decent wage locally from what I understand.
I think authoritarian fits better. They may be copying Soviet techniques which is a government that happened to espouse a communist economic philosophy, but in practice this has nothing to do with the economics and everything to do with exerting control. Fascists are just a different type of authoritarian regime.
It's also worth nuancing authoritarianism against totalitarianism, which captures states and ideologies that aren't satisfied with absolute political power, but want to control every aspect of its citizens lives.
This certainly encompasses the Fascist Italy, Nazi Germany, Stalin-era Soviet, Mao-era China, and East Germany among others.
Contemporary China is undeniably authoritarian, and has totalitarian tendencies, but somewhat inconsistently. One can probably present a compelling argument both for and against their totalitarianism.
Also can you imagine trying to download software over the Internet in the 90s? They couldn't depend on their users having high speed connections because most didn't. App stores probably couldn't work before 2000.
Yikes. I missed that. Makes sense it wasn't just the station it was tuned to but the particular data they broadcasted; insane there was no way to power reset the system into a good state.
I'll go further and say what we probably want is for the derivative of net income as a function of earned income to be monotonic increasing but max out less than 1. So that there aren't ranges of income where you are receiving very little per dollar earned and then after some point start receiving more per dollar.
But solving benefit cliffs really just means having earned=>net income strictly increasing with the marginal rate reasonable, say at least 30 cents more net income per earned income. Under that constraint, you could have ranged where net income grows slower until you hit some higher dollar amount of earnings, but imo that should also not be desirable.
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