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I don't have an issue of a CEO of a company is going to work non-stop 24 hours a day 7 days a week. They are getting that massive paycheck, they're sitting in the top spot, they have their responsibility of dealing with shareholders, and therefore they have to justify that compensation.
What annoys me is when they start telling average workers they should be thinking and working like this. Maybe perhaps average people just want to go to work for 8 hours a day, go home and have a life. Maybe they have no dreams or aspirations of being CEO or even management.
Maybe also they've seen too many times where everybody that puts in the long hours and goes the extra mile still ends up getting pink slipped or passed over repeatedly for promotions because they did such a great job. Nobody wants to pull them out of that spot for fear now that they have to deal with less competent people doing that work.
So yet again, executives want everyone to work as if they have equity in the company, when they don't. It just shows how out of touch they really are with the real world.
And I'll even throw it out there, if you have somebody that's going to work that much, it's likely they'll go off and start their own business before they just decide to think that they're going to work their way up into the CEO spot. Lord knows. Even if that business gets a little somewhere and then fails, they now can claim. They were a CEO, which is going to make it a lot easier for them to get that job somewhere else.
CEOs shouldn't complain. They created this system. | r/technology | comment | r/technology | 2024-07-06 |
This is a fallacy, it doesn’t work like that.
People that both enjoy what they do and are well compensated for it, are highly motivated and are generally very involved and dedicated to what they do.
Carpenters running yt channels.
Engineers launching their own app.
Stylists starting their own clothing brand.
For the majority of us, work is a grind, because the things we enjoy and intrinsically motivated by have little to no overlap with our jobs. Which is why we will never adapt this level of dedication to our work, regardless of compensation.
The lesson here remains: find something you enjoy doing and you won’t have to work a day in your life, because it won’t seem like work. | r/technology | comment | r/technology | 2024-07-06 |
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Lynch was a thief and a liar at school, so no matter how incompetent Apotheker was, Lynch probably - _very_ probably - lied to, and stole from, HP | r/technology | comment | r/technology | 2024-07-06 |
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I’m not an expert on this by any means, but functionally, how is this fundamentally different from all banks using the same credit scoring software systems to determine what interest rates to charge you? Isn’t that collusion and price fixing as well? | r/technology | comment | r/technology | 2024-06-06 |
Wait, so the FBI is actually investigating rich, greedy assholes for a change? Okay, who forgot to pay their protection money? | r/technology | comment | r/technology | 2024-07-06 |
next step: corporate greedflation that caused elevated costs of groceries | r/technology | comment | r/technology | 2024-07-06 |
Sounds like a big class action suit to follow. Would be great if all the people affected got their thousands of dollars back. | r/technology | comment | r/technology | 2024-07-06 |
Lending Vs. Housing. Unsecured loan rates are determined by the risk involved. Risk management practices like credit checks are set by the CFPB, and then banks/creditors will often have additional overlays, which are just more rules to mitigate the risk in their portfolios. With housing, the only risk is tenant damage and non-payment, which is offset by deposits, insurance, and eviction clauses. | r/technology | comment | r/technology | 2024-07-06 |
I'm sure they'll get a hefty fine for a fraction of a percent of the profits they've made from doing this. Maybe a stern talking to too. | r/technology | comment | r/technology | 2024-07-06 |
> Sounds like a big class action suit to follow.
So sorry, but we forced you to sign that arbitration agreement to rent anything in the city. You *can't* sue us, you can only demand that we enter arbitration with a company that we're paying to do the arbitration and *certainly* don't infer to them we'll stop hiring them if they don't decide our way most of the time. | r/technology | comment | r/technology | 2024-07-06 |
Class action lawsuit on the horizon? | r/technology | comment | r/technology | 2024-07-06 |
It is the same, but it's not illegal to do the same work off of the same data and doesn't count as collusion.
We need new regulations that counteract rising rents but going after "coordinated pricing" isn't going to work. Everyone can see each others' homework and incentives mean that those with the least power will always end up fucked.
Price controls with good, local level oversight is what it's going to take. It's going to take a guillotine party to get that into place tho. | r/technology | comment | r/technology | 2024-07-06 |
I think it’s the current administration listening to the people. Lina Khan has been doing work over there. | r/technology | comment | r/technology | 2024-07-06 |
Don’t even get me started about how absolutely giddy I am knowing that lab-grown diamonds are absolutely destroying the diamond industry. I bought my fiancé a 2.9 ct round brilliant solitaire for $4k. Color is a D, VVS2 clarity, top notch everything. My local jeweler told me an equivalent natural diamond would cost like $50k. I love seeing people look at her ring when we’re out and about and while I don’t advertise the fact that it’s lab-grown, I’m certainly not embarrassed or anything about it. Plus, I work in labs, so I think it’s a nice little detail that matches my personality and it’s conflict free. | r/technology | comment | r/technology | 2024-07-06 |
It requires a non liberal government for that act to be enforced for shit though. Look at our telecoms or grocery stores | r/technology | comment | r/technology | 2024-07-06 |
Welcome to Dystopia | r/technology | comment | r/technology | 2024-07-06 |
I discovered my apartment complex is one of the groups that used this software yesterday from one of these articles. Haven't heard a word of it otherwise, I wonder why....
But if you're an apartment dweller in Arizona and want to check to see if you might be impacted, someone made a map:
https://www.google.com/maps/d/u/0/viewer?ll=32.96677061549429%2C-110.8426568790377&z=9&mid=1K2viGL3RUx2OLOY1sh2clQzQqi4UGfE | r/technology | comment | r/technology | 2024-07-06 |
Price fixing 2: electric boogaloo | r/technology | comment | r/technology | 2024-07-06 |
Pretty much everything in Canada needs to be investigated for price fixing. They caught the bread companies for doing it and from what I remember they gave them like a 2 million fine and the prices never went down | r/technology | comment | r/technology | 2024-07-06 |
PNW. I was seriously so surprised when I got the notice, I didn't think that was a thing that happened like... ever.
I'm glad too, because like, this building is specifically for very poor people. As in I had to prove I was poor enough to live here. They made me report every cent I own down to the $5 in my savings account (minimum amount required by my bank.) It's not even a nice place to live, either. Good physical structure but everyone here is absolutely *insane*, fire alarms and screaming in the hallways and oh the police are parked outside again and etc etc. Was really frustrating to see rent prices climb and climb each year considering those two factors. | r/technology | comment | r/technology | 2024-07-06 |
I wouldn't count on it. A broken clock is only right twice a day. | r/technology | comment | r/technology | 2024-07-06 |
lol then what are the FBI supposed to do? | r/technology | comment | r/technology | 2024-07-06 |
Greed baby, let's go! And it will continue so forever :D | r/technology | comment | r/technology | 2024-07-06 |
Haha. Found the person who has never rented an apartment from a corporation. | r/technology | comment | r/technology | 2024-07-06 |
Sure would be wonderful if so many people weren't greedy pieces of trash doing everything they could to enrich themselfes a tiny bit on the backs of us poors.
Fuck landlords. | r/technology | comment | r/technology | 2024-07-06 |
He was asking the FBI to advise the Royal Canadian Mounted Police. | r/technology | comment | r/technology | 2024-07-06 |
Is there a way to tell whether our landlord is using RealPage? I strongly suspect mine is | r/technology | comment | r/technology | 2024-07-06 |
We're too lenient on criminals like this. Someone like this has done so much more damage to society than someone who robs a bank or steals a car. | r/technology | comment | r/technology | 2024-07-06 |
>The issue with housing and this software, is that it isnt price fixing. Its going to get thrown out of court.
The feds rarely make a move if the case isn't extremely strong. I'll defer to their expertise on the matter over randos on Reddit. | r/technology | comment | r/technology | 2024-07-06 |
> what about the tons of worker bees who each have a hand in this crime against humanity?
They're happy about being employed, I'd guess. | r/technology | comment | r/technology | 2024-07-06 |
I was thinking similarly but with something provided by their Sackler-family friends over at Purdue Pharma. | r/technology | comment | r/technology | 2024-07-06 |
If your empathy chip / brain segment is missing you can justify just about anything
🙃
Makes you more useful in places like brutal wars, not coping, or tenacious capitalism | r/technology | comment | r/technology | 2024-07-06 |
clearly if they are price fixing nationwide that has been a thing for 7 years. | r/technology | comment | r/technology | 2024-07-06 |
Sure you could, pal. | r/technology | comment | r/technology | 2024-07-06 |
That’s what the gaslighters or the ignorant people want you to believe.
But they conveniently leave out the fact that the supply and demand is artificially manipulated by algorithms that companies all use.
Which means the majority of supply and demand is artificially/manually created. | r/technology | comment | r/technology | 2024-07-06 |
By law, it isnt price fixing. They will have to write new legislation if they want it to become price fixing and convict people of using the software. Thats my whole point.
It is not sensitive information, it is all public information.
This is again going to come out as a huge waste of public resources and amount to absolutely fucking nothing as housing prices continue to rise as fuck all is done to address the actual problems with cost of living rapidly increasing. | r/technology | comment | r/technology | 2024-07-06 |
Simple, the company that builds the apartments, sells the units to individuals. You would own the apartment, then pay an HOA fee to cover the building maintenance/security outside of your individual apartment. This is how it works in most of South America.
Individuals can then rent out the apartment if they choose. But this allows anyone the opportunity to buy an apartment. | r/technology | comment | r/technology | 2024-07-06 |
Burn it to the ground and salt the Earth. | r/technology | comment | r/technology | 2024-07-06 |
> Rents keep going up. They haven't been going down. So as long as the trend is upwards then we're heading towards infinity.
I mean, this is trivially true if we always have a >0 amount of inflation. But the root cause is that there is a fixed amount of land around anywhere that there are actually jobs available for people to work at.
> To assume otherwise you'd have to think that there's a point at which rents will balance out and not change at all, like rents hitting a glass ceiling, of which there is no indication of that having ever happened or will ever happen in the future.
Rents in Detroit, adj for inflation, definitely gone down for a while in the past. Because there weren't enough jobs. Housing/Rent literally just comes down to supply and demand, but with the caveat that housing is very not substitutable: an apartment in Kansas is an extremely weak substitute for another apartment in Kansas 50 miles away.
> Especially when capitalism itself prioritizes infinite growth. Meaning that the market will not allow rents or profit to balance out because businesses are driven by constant growth and profit.
There are capitalist economies that have not had rent increases for multiple decades. Japan is one such example, because they don't restrict construction. We don't have 'capitalism' in the housing market. There are a lot of restrictions and permitting on building new housing. So yeah, obviously markets can't fix the problem if they're prevented from adding new supply.
This article provides a detailed breakdown of the cost of new housing: https://www.construction-physics.com/p/what-makes-housing-so-expensive | r/technology | comment | r/technology | 2024-07-06 |
Dang that’s crazy. I used to live in a Cortland apartment complex in Atlanta | r/technology | comment | r/technology | 2024-07-06 |
If Trump gets elected this will go away | r/technology | comment | r/technology | 2024-08-06 |
This is what class warfare looks like but they want you to look at the culture war | r/technology | comment | r/technology | 2024-08-06 |
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So does this mean that 1Password and LastPass are no longer eligible to be on the app store, since they will soon cover functionality that Apple provides? | r/technology | comment | r/technology | 2024-06-06 |
Highly doubt that, it sounds like they only extract the “passwords” point from the settings into a dedicated app | r/technology | comment | r/technology | 2024-06-06 |
/r/conspiracy is over there weirdo | r/technology | comment | r/technology | 2024-07-06 |
Unlike 1pasword and bitwarden, it says it doesn't support Windows, Linux and android | r/technology | comment | r/technology | 2024-07-06 |
They claim it was a Chrome issue and I believe them, I've had more issues with Chrome in the last week than in the last 15 years. | r/technology | comment | r/technology | 2024-07-06 |
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AmEx is by a very long shot the least accepted of the "major four" for this exact reason. | r/technology | comment | r/technology | 2024-06-06 |
Random chaiwalas on the street in India are more likely to take Amex than American businesses. At least in my experience. | r/technology | comment | r/technology | 2024-07-06 |
Yeah I got burned by that. Person rented my studio time, had multiple photos of them there during that time and I still got the charge back. They didn't care what proof I had. Since my studio is pretty popular I have the guys face up on a poster with his name and the fact that he defrauded me on credit card. A lot of people saw him in recognized him and said that he had shafted them too. And others said he was trying to get me to do something for him work on his film and I get paid later on. The guy was dirt. But Amex sided with him. So I stopped taking Amex. | r/technology | comment | r/technology | 2024-07-06 |
Yeap, I always use Amex when I don't trust the seller. | r/technology | comment | r/technology | 2024-07-06 |
Yeah worked for many retailers they always charge a huge fee to use their card for your business. | r/technology | comment | r/technology | 2024-07-06 |
That’s why I use PayPal | r/technology | comment | r/technology | 2024-07-06 |
Yes but if you abuse that too much Amex will shut you down fast | r/technology | comment | r/technology | 2024-07-06 |
I used to work for a company that had a website with a subscription. People would file with Amex after using their service for weeks, sometimes a couple of months. They would show the usage of the user, often tons of usage, and Amex would still always side with the costumer. | r/technology | comment | r/technology | 2024-07-06 |
Whereas Visa and Mastercard will often side with the director or the stage manager 😉 | r/technology | comment | r/technology | 2024-07-06 |
Was just going to say, this only makes me pissed at eBay, not amex. | r/technology | comment | r/technology | 2024-07-06 |
Agreed on all fronts. As a platinum holder, I'm pretty sure they'd wipe my ass for me if I asked. But I do remember in my younger days of working retail having my managers constantly explain to me that they wouldn't accept Amex because they wouldn't put up with their bullshit. | r/technology | comment | r/technology | 2024-07-06 |
People still use EBay? | r/technology | comment | r/technology | 2024-07-06 |
That source is not entirely accurate. Generally speaking, Amex can often be overall a little more expensive, but there can certainly be some instances where Visa/MC are more expensive. For their default pricing in the US, Visa/MC interchange pricing can largely be determined by card type/level (if all else equal), while Amex is often determined by transaction amount. So, as an example, a high level Visa/MC used for a $15 transaction could be more expensive than Amex.
But, a company like eBay has strategic rate agreements with Visa/MC/Amex, so they don't pay the default pricing. With that in mind, this is likely about a rate negotiation between eBay & Amex. | r/technology | comment | r/technology | 2024-07-06 |
I haven’t used eBay in 20 years | r/technology | comment | r/technology | 2024-07-06 |
Visa/MC typically settle the quickest, but there are processors that will allow an advance on incoming funds. | r/technology | comment | r/technology | 2024-07-06 |
Why you always carry at least enough cash for an emergency belt. | r/technology | comment | r/technology | 2024-07-06 |
Small claims court. In many places, if they don't show up, the judgement is automatically in your favor. If they do show up, you'll still probably win. | r/technology | comment | r/technology | 2024-07-06 |
Heading? | r/technology | comment | r/technology | 2024-07-06 |
How did that catch you buy surprise? There were signs everywhere for a year at least. | r/technology | comment | r/technology | 2024-07-06 |
Yeah Costco not taking Amex sucked. Fortunately I have a Visa credit card so I swapped to using that instead. | r/technology | comment | r/technology | 2024-07-06 |
Google Amex Costco Ketchup. Jelinek takes no prisoners. | r/technology | comment | r/technology | 2024-07-06 |
eBay and PayPal don't give a shit about their sellers or buyers. This is nothing new. I learned the hard way 20 years ago that they're happy to reverse transactions or basically take your money with no investigation.
I'd imagine Amex actually putting the customer's needs first is the primary reason, but then how could they screw you. It's not about the fees, never was. If companies are literally deciding they don't want customers let the business hemorrhage. | r/technology | comment | r/technology | 2024-07-06 |
It’s also insane to me some people carry only one card…like, ever. | r/technology | comment | r/technology | 2024-07-06 |
And PayPal thoroughly enjoys locking accounts in limbo over disputes (on either side).
Back before eBay ditched PayPal as a processor every December and January we had to jump on transfers due to scammer claims.
We had over 10k locked up for 6 months, PayPal sucks.
Had it not been for our sales records and free returns for any reason, eBay wouldn’t have sided with us and helped us recoup funds. | r/technology | comment | r/technology | 2024-07-06 |
I snuck into the food court once, and I was wondering why every terminal kept rejecting my Citi Mastercard | r/technology | comment | r/technology | 2024-07-06 |
A company not accepting AmEx tells me they probably had too many disputes. Can't afford to accept AmEx, then I'm not gambling on your customer service. | r/technology | comment | r/technology | 2024-07-06 |
> randomly stopped taking Amex
Bro this was about as random as space flights | r/technology | comment | r/technology | 2024-07-06 |
It seems to have the lowest credit standards for me. They were trying to push platinum on me when I filled in my broke college student income. On the other hand Chase fully rejected me | r/technology | comment | r/technology | 2024-07-06 |
You shouldn't be paying interest on a CC anyways. 14.75% is still a shit rate for debt | r/technology | comment | r/technology | 2024-07-06 |
>I notified my bank, as well as a few of my credit cards "Hey, I arrive in Japan at this time EST, this time JST, and will be using my cards between Narita -> Tokyo and Osaka"
next level naivety:
a) you could be a bad actor who has taken the card and is preparing to defraud them
b) do you think they have a system in place to say "ok this user is travelling to these cities between these hours of this timezone = let all transactions through"
they just continue to apply their standard fraud algo's, as you would expect | r/technology | comment | r/technology | 2024-07-06 |
They also charge the merchant a higher percentage of each transaction than Visa, Mastercard, and Discover.
The merchant can lose up to 2 percent more of the sale compared to other card brands. This cost is added to overhead calculations and every consumer pays more because amex thinks they deserve almost 4% of a transaction cost for brokering. | r/technology | comment | r/technology | 2024-07-06 |
This is the *real* reason eBay doesn't want to deal with them anymore: They are more protective than eBay wants to allow. | r/technology | comment | r/technology | 2024-07-06 |
They are super generous on their charge cards by default you have to pay back the full balance at the end of each statement. In fact historically you could float a balance. Now with pay over time you technically can. Also with the Platinum card you are paying them a fee at the end of your first statement so they want to get that card in your hand asap. | r/technology | comment | r/technology | 2024-07-06 |
Funny that all of the /r/technology experts have no idea that small businesses do not accept Amex due to their higher charges that are 3.5%.
Literally every Amex credit card costs the small business 3.5% of their entire sale when the customer swipes an Amex card.
LETS GO IDIOTS THAT ARE UNAWARE JUST POST BELOW | r/technology | comment | r/technology | 2024-07-06 |
That's a problem. Maybe not in your case specifically, but in general, fuck AMEX. As a customer, you might not think so, but AMEX refuses to side with vendors when it's obvious that the customer is either lying or mistaken.
I ran a small independent shop for a few years in Atlanta, and AMEX sided with a customer that we supplied CCTV footage of him buying the shit and they still sided with the customer.
A month later the guy comes in to the shop and I was shocked that he was buying stuff like nothing had happened. I confronted him, and he seemed genuinely confused for a second and then had a light bulb over the head moment. "OMG, that was the stuff I bought two months ago. I'm so sorry man, a girl I was sleeping withwent on a spending spree with my card and maxed my card out without my permission. I reported it to the cops and AMEX. I'm so sorry. Let me pay you for that."
Now, we sold expensive shit, and my shop was in a very expensive part of town. One customer can be the difference between breaking even that week. That guy's purchase set us back 2 weeks. That is two weeks that I spent 50 hours or more not making a penny, because AMEX doesn't take fraud against honest small business owners seriously. Had the guy not been honest about it, I never would have been paid.
Now, how many other honest business owners got f'ed by that dudes booty call? Some people have a $20,000 limit on their AMEX. That doesn't put a dent into Amazon's bottom line, but it can put a mom and pop operation out of business.
All of your perky perks and easy disputes is at the expense of other people. | r/technology | comment | r/technology | 2024-07-06 |
Platinum is def the biggest scam. People claim it’s worth if you travel internationally, but you also gotta spend hundreds on subscriptions and a few hundred more on an Equinox gym membership to break even | r/technology | comment | r/technology | 2024-07-06 |
"Fuck you, I got mine!" right? Gotta love America! | r/technology | comment | r/technology | 2024-07-06 |
So you can rotate your cards for the different benefits they offer. I have one card for 5% back on restaurants, the amazon CC for obvious reasons, another 5% on travel and gas, and others. Unless you never go out and live like a nomad you're missing out on points. My ex only had his bank CC and he spent SO MUCH money every month and was missing out on a ton of points. | r/technology | comment | r/technology | 2024-07-06 |
there goes the high end market in ebay. I know a few watch sellers that list things on Ebay but do everything they can to off platform close the sale because of the huge fees ebay charges.
Ebay offers some authenticity checks for those items but honestly, they are kind of sketchy. Trying to buy a 100k watch without amex will drive people to just wire the money and skip the ebay fees all together. | r/technology | comment | r/technology | 2024-07-06 |
What's the eternal September? | r/technology | comment | r/technology | 2024-07-06 |
Bc they want to make the sale to rich people, they all are VERY aware what they are agreeing to with AMEX | r/technology | comment | r/technology | 2024-07-06 |
It’s not fraud when you don’t provide what you said you would…. | r/technology | comment | r/technology | 2024-07-06 |
I use Amex daily in the UK. Yes, sometimes retailers don't accept it, but it's very far from what's suggested by "almost nowhere". | r/technology | comment | r/technology | 2024-07-06 |
not trolling but does anyone even use eBay anymore? I seems like it's just a big garage sale site. | r/technology | comment | r/technology | 2024-07-06 |
Oddly people upvoted me all over this thread… | r/technology | comment | r/technology | 2024-07-06 |
Nowhere takes amex and the UK has better debt card protections than the usual, most people don't feel the need to use credit cards for everyday spending jv found
Getting actual decent credit card rewards isn't really a thing unless your a high spender here and they never last more than a year so nobody bothers. | r/technology | comment | r/technology | 2024-07-06 |
This is one reason we need consumer finance reform laws in USA! Banks skimming a commission off most commerce in our country is a ripoff and slowly, over time, moving wealth to the top 1%. | r/technology | comment | r/technology | 2024-07-06 |
AMEX is a blessing as a customer.
I've had "no return policy" businesses even threaten me, when something was even clearly their fault.
I've given them a choice, do you want to give me a refund and I can give you the product back... or I can cancel the payment.
I'm not asking for a refund, I'm *telling you* that I'm getting a refund and giving you a chance to get your defective product or make things right.
AMEX has been amazing, with car rental companies, ordering stuff online, european tourist locations with predatory practices, memberships, etc. | r/technology | comment | r/technology | 2024-07-06 |
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