macrocephalic

@macrocephalic@kbin.social

• ⁨Comment⁩ on ⁨'I am horrified': Archaeologists are fuming over ancient human relative remains sent to edge of space⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  It was pointless, which is a reason to have not taken them, but they're back now so it's kind of a moot point. Just a "don't do it again" situation.

• ⁨Comment⁩ on ⁨If you work remotely, your bosses are probably using software to track you. Here's how they'll catch you slacking off.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  You would think so, but companies generally believe that they own the right to your full potential output - not just the tasks that they set you.

• ⁨Comment⁩ on ⁨'Five or six minutes of maximum intensity': Steven Bradbury hailed a hero after saving four people from drowning⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  He got to the finals by letting people in front of him fall as well. Not disrespecting him though, he was coming back from a huge injury and knew he didn't have the raw speed to beat the best, but he was smart enough to put himself in the right place - twice. The race isn't finished until you cross the line.

• ⁨Comment⁩ on ⁨We won’t fix inflation while economists stay in denial about its causes⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  https://www.abc.net.au/news/2023-06-25/the-rba-wants-more-unemployment-lets-applaud-it/102506500

  It's well known that interest rates cause the unemployment level to rise, the RBA governor even covered it in a speech recently (https://www.theguardian.com/business/2023/jun/22/rba-reserve-bank-australia-unemployment-inflation) and they have a page explaining it (https://www.rba.gov.au/education/resources/explainers/nairu.html).

  Even though it's been suggested and documented that our current inflation issues are driven by corporate price rises and lingering pandemic supply issues, the government outsources the responsibility for interest rates to the RBA - but the only tool they have is monetary policy.

  Related: it's shown that full employment benefits everyone, but it benefits the least advantaged most https://grattan.edu.au/news/when-unemployment-falls-disadvantaged-workers-benefit-most/ so there really is a dichotomy between corporate profits and social wellbeing.

• ⁨Comment⁩ on ⁨We won’t fix inflation while economists stay in denial about its causes⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  We are generally taught that there's a balancing act going on between inflation and interest rates, but that's not really true. There's a balancing act going on between inflation and unemployment - and interest rates are the way to control unemployment. When the government says that inflation is too high what they're saying is that too many people have money and the way to fix it is to get a few tens or hundreds of thousands of them fired.