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.
That's not the case for IT where entry barrier has been reduced to nothing.
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