Property taxes do not directly translate into rent, the % of the tax that is on the land value of the property can't be passed on, because the supply of land is inelastic.
Yes & no. Higher costs can obviously be passed onto consumers, but higher taxes make things a less attractive investment, too. The higher your costs regardless of whether a unit is occupied or not, the less interesting it is an an investment.
If we use outsourcing as proxy for what jobs will move to AI first, management jobs will be the last to be replaced.
Managing is about building relationships to coordinate and prioritize work and even though LLMs have excellent soft skills, they can't build relationships.
Spot on. AI might simulate the message perfectly, but it can't hold the social capital and trust required to actually move a team when things get tough.
A full featured mailed client is insanely complicated. If you think mail client is just smtp, you probably think word is just text with some styling and excel is just some cells and functions.
I’m sure, buried somewhere deep in Google systems, are vestiges of mail server code originally written in the 80s. But when people use the name Gmail, they are generally referring to the client facing web app, which does not have any such code.
If it exists, it's probably not at all related to Gmail or only used for testing. I don't think Google reuses a lot of third party code in its first party server software.
He is making a point something extremely powerful can be simple and obvious. Importing libraries is an obvious way to manage code complexity and dependencies.
In my experience (I make tools for the network and security guys): that's why you don't propose only one thing. We often have one new project every year, we propose multiple ways to go about it, the leadership ask us to explore 2-3 solutions, we come back with data and propose our preferred solution, the leadership say 'ok' (after a very technical two-hour meeting) and propose minor alterations (or sometimes they want to alter our database design to make it 'closer' to the user experience...)
This can still be okay - but you have to be correct in a way that the company values. This of course needs to be without doing something against the rest of the company - either legally or sabotaging some other product are both out. Values is most commonly money, but there are other things the company values at times..
Just like .com bust from companies going online, there is hype, but there is also real value.
Even slow non-tech legacy industry companies are deploying chatbots across every department - HR, operations, IT, customer support. All leadership are already planning to cut 50 - 90% of staff from most departments over next decade. It matters, because these initiatives are receiving internal funding which will precipitate out to AI companies to deploy this tech and to scale it.
The "legacy" industry companies are not immune from hype. Some of those AI initiatives will provide some value, but most of them seem like complete flops. Trying to deploy a solution without an idea of what the problem or product is yet.
Making rent more expensive doesn't make ownership cheaper, just makes it more attractive relative to renting.
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