Hasnain says:

"While China manufactures most of the world’s smartphones and computers, it imports almost all the semiconductors needed to provide the logic and memory that run the gadgets. Last year, China paid $260 billion importing chips—60% more than it spent on oil. Chinese leaders want homemade chips to account for 40% of locally produced smartphones by 2025, more than quadruple current levels."

Hasnain says:

This is nuts.

"The typical U.S. homeowner is gaining $7.09 of equity in their home every working hour, $0.16 less than federal minimum wage."

Hasnain has not yet written a summary for this.
Posted on 2018-07-01T17:45:13+0000

Hasnain says:

This was a heartwarming personal interest story about a man who started a business hiring ex convicts and giving them the second chance that is so sorely needed to help them rehabilitate.

Hasnain says:

Solid read on jobs, labor, and ends on a good use case for UBI.

“Because, you know, why am I complaining? If I complain to someone they’re just going to say, “Hey, you’re getting something for nothing and you’re whining?” But it shows that our basic idea of human nature, which is inculcated in everybody by economics, for example — that we’re all trying to get the most reward for the least effort — isn’t actually true. People want to contribute to the world in some way. So, that shows that if you give people basic income, they’re not going to sit around and watch TV, which is one objection.

The other objection, of course, is that, maybe they will want to contribute to society, but they’re going to do something stupid, so that society is going to be full of bad poets and annoying street musicians, street mimes everywhere, people developing their crank perpetual-motion-devices and whatnot. I’m sure there’ll be some of that, but look: if 40 percent of people already think their jobs are completely pointless, how is it going to be worse than it already is? At least they’re going to be a lot happier doing that stuff than they are filling out forms all day.”

Hasnain has not yet written a summary for this.
Posted on 2018-06-30T23:31:32+0000

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Posted on 2018-06-30T19:59:15+0000

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Posted on 2018-06-30T07:57:23+0000

Hasnain says:

I wonder what can be done to correct this perception.

“Fewer than half of Americans know that most immigrants in the U.S. are here legally. Just 45% of Americans say that most immigrants living in the U.S. are here legally; 35% say most immigrants are in the country illegally, while 6% volunteer that about half are here legally and half illegally and 13% say they don’t know. In 2015, the most recent year for which data are available, lawful immigrants accounted for about three-quarters of the foreign-born population in the United States.”

Hasnain says:

This is cool