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jasdi commented on The top 10% owns 87% of the stocks   awealthofcommonsense.com/... · Posted by u/jasdi
gniv · 10 months ago
The title uses the stock stat because it's so unbalanced. But to me the scariest statistic is the other one mentioned in the article: "the top 10% also accounts for 50% of all consumer spending". This seems extremely fragile. Small changes in the behavior of the well-off can have big negative consequences for the entire country.
jasdi · 10 months ago
Also when scaling tech/platforms this is a big factor in how many people can actually pay.

Every scaled up platforms then gets trapped into collecting/selling personal data and flooding the field with Ads (and obviously in these ad auctions the 10% can outbid the majority so Ad prices keep rising).

jasdi commented on Ask HN: Should I abandon the app stores for the web?    · Posted by u/oDot
jasdi · 10 months ago
Its totally possible. Promote it on Amazon/Walmart ad platform next their products related to planning/event management.
jasdi commented on I'm done with coding   neelc.org/2025/03/01/im-d... · Posted by u/neelc
ivewonyoung · 10 months ago
Could you explain why you hated working there
jasdi · 10 months ago
"They bring in a rookie, throw money at him, buy the car, the house, after a couple of years, and your kids are in private schools, you're used to the good life, they tell you the truth"

Big salaries thrown at young people are bait. They don't need wild animals, but circus animals that are obedient, dependent and consistently perform tricks without too much thinking about why. Over time this involves such animals to loose all sense of self. Naturally this won't work on everyone and causes all kinds issues for both sides.

jasdi commented on Ask HN: A question about mentoring a junior developer    · Posted by u/Desafinado
jasdi · 10 months ago
I would help them out without thinking too much about it. Its like helping a kid cross the road till they can do it themselves.
jasdi commented on India: A billion people have no real money to spend, says report   bbc.com/news/articles/c8r... · Posted by u/thunderbong
duxup · 10 months ago
> In fact, this has been a long-term structural trend that began even before the pandemic. India has been getting increasingly more unequal, with the top 10% of Indians now holding 57.7% of national income compared with 34% in 1990. The bottom half have seen their share of national income fall from 22.2% to 15%.

Yikes, and it’s not like there’s some magic in the free market that “helps” those folks… if anything they’re a market that companies might avoid….

jasdi · 10 months ago
Actually its more a question of what others can learn from them, than the other way around because of these constraints.

The first time I was shown a case study of Amul (cooperative model of food production), it was a really eye opening moment, cause they had reached massive scale, profitable, invested in quality/innovation, really super creative (on the marketing side without any great budget) and most importantly Sustainable.

Like me if you have studied Dominoes, KFC and McDonalds this is not supposed to be possible. It shows how constraints in the local environment lead to innovation and totally different models that work.

Anyone getting thrown into the deep end of the Indian market, equipped with Western models are quickly confronted by assumptions that don't hold, and then they come up with stuff we don't see in the west.

Just look at their Dabbawalas (decentralized supply-chains/logistics), UPI (disintermediating Mastercard and Visa), IPL (no one thought cricket could compete when literally less than 10 countries playing the sport) etc

Western companies built their scalable models by optimizing for capital-heavy, consumption-driven economiess, but that doesn’t mean those models are the only viable ones. India (and other low-consumption economies) often find more sustainable ways to solve the same problems because there’s no safety net of endless VC funding, mass credit, or impulse spending to prop things up. Most Western companies operate in winner-takes-all mode (Amazon crushes small retailers, Uber kills taxis). But Indian models like UPI, Amul, Kirana networks show models of growth in a more cooperative manner.

Imho the world needs more Amuls than McDonalds.

jasdi commented on Federal technology staffers resign rather than help Musk and DOGE   apnews.com/article/doge-e... · Posted by u/rdoherty
jasdi · 10 months ago
Yup they are all performing for you unlike Trump and Musk.

u/jasdi

KarmaCake day288December 21, 2024View Original