2023 was the year the economics of tech caught up with reality

As a precocious teen looking to improve my college application, I sat in on a business studies class. I figured taking two extra A-Levels at night school alongside those I took during the day would make me irresistible to admissions tutors. The class I watched examined if it was worth a large factory keeping its own trucks and drivers in-house rather than outsourcing them. The data showed selling the trucks and firing the workers was more expensive in the long run, and yoked the company to the whims of any third-party logistics company in the local area. Not to mention, if you don’t own a mission-critical component of your business, you’re a lot less powerful when negotiating with your suppliers. But the teacher, and the class, all agreed it was smart to sell it all because it made a bigger profit in the quarter and was cheaper for the next two years. These people had never considered if something bad would happen, and how to prepare for it. It was at this point I realized my values were out of step with the commercial orthodoxy and opted not to take the course. I mention this because I’ve always thought the people in the tech industry with all the money are probably halfway savvy about how All Of This Is Meant To Work. I’d told myself that what, to me, appeared illogical and self-defeating was because they were playing a game of six-dimensional chess on a board I was too dim to see. Unless, of course, the economics of our industry are so unmoored from reality that... Continue reading at 'Engadget'

[ Engadget | 2023-12-18 15:30:52 UTC ]
News tagged with: #epic games #english language #track record #corporate parent #libraries

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2023 was the year the economics of tech caught up with reality

As a precocious teen looking to improve my college application, I sat in on a business studies class. I figured taking two extra A-Levels at night school alongside those I took during the day would make me irresistible to admissions tutors. The class I watched examined if it was worth a large... Continue reading at Engadget

[ Engadget | 2023-12-18 15:30:52 UTC ]
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CES 2023 Day 1 recap: Catch up on the biggest news from the year's biggest tech show

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[ Engadget | 2023-01-05 19:50:52 UTC ]
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[ Engadget | 2024-01-15 14:00:13 UTC ]
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PW’s 2023 People of the Year: Valerie Koehler and Charley Rejsek

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[ Publishers Weekly | 2023-12-15 05:00:00 UTC ]
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[ Engadget | 2023-11-24 15:32:10 UTC ]
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The 58 best Black Friday deals 2023: Get record-low prices on tech from Apple, Samsung, Google and others

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[ Engadget | 2023-11-24 14:12:44 UTC ]
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[ Engadget | 2023-11-23 21:00:15 UTC ]
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[ Engadget | 2023-10-16 15:52:41 UTC ]
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Book Fairs Will See An Increase In Censorship Attempts This Year: Book Censorship News, September 15, 2023

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[ Book Riot | 2023-09-15 10:40:00 UTC ]
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Catch Up on Your Mid-Year Reading Goals with These 8 New Manga Releases for July 2023

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[ Book Riot | 2023-07-06 10:33:00 UTC ]
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All the big tech layoffs of 2023

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[ Engadget | 2023-06-29 15:28:56 UTC ]
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U.S. Book Show 2023: Midtown Scholar, Emily Bates Named PW Bookstore, Rep of the Year

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Start the Year Off Right With 14 New Manga Releases January-February 2023

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