To maintain a global reserve currency, US must typically run a trade deficit to supply the world with enough of its currency for international trade and finance
Workers in denmark are almost all unionised and get unemployment benefits from their union. So it's pretty directly because of the unions that it becomes such a small issue for someone in denmark to be laid off.
A rule based approach alone is insufficient and lacks maturity. The solution must be capable of understanding the context of a given webpage and taking actions based on that understanding.
Consider L5 at Google: outgoings of $377,797 USD per year just on salary/stock, before fixed overheads such as insurance, leave, issues like ramp-up time and cost of their manager. In the hands of a Staff+ engineer, these tools enable replication of Staff+ engineers and don't sleep. My 2c: the funding for the new norm will come from either compressing the manager layer or engineering layer or both.
These tools and foundational models get better every day, and right now, they enable Staff+ engineers and businesses to have less need for juniors. I suspect there will be [short-to-medium-term] compression. See extended thoughts at https://ghuntley.com/screwed
I wonder what will happen first - will companies move to LLMs, or to programmers from abroad (because ultimately, it will be cheaper than using LLMs - you've said ~$500 per day, in Poland ~$1500 will be a good monthly wage - and that still will make us expensive! How about moving to India, then? Nigeria? LATAM countries?)
The minimum wage in Poland is around USD 1240/month. The median wage in Poland is approximately USD 1648/month. Tech salaries are considerably higher than the median.
Idk, maybe for an intern software developer it's a good salary...
Minimal is ~$930 after taxes, though; I rarely see people talk here about salary pre-tax, tbh.
~$1200 is what I'd get paid here after a few years of experience; I have never saw an internship offer in my city that paid more than minimal wage (most commonly, it's unpaid).
The industry has tried that, and the problems are well known (timezones, unpredictable outcomes in terms of quality and delivery dates)...
Delivery via LLMs is predictable, fast, and any concerns about outcome [quality] can be programmed away to reject bad outcomes. This form of programming the LLMs has a one-time cost...
They do, but I’ve seen a huge slowdown in “getting better” in the last year. I wonder if it’s my perception, or reality. Each model does better on benchmarks but I’m still experiencing at least a 50% failure rate on _basic_ task completion, and that number hasn’t moved higher in many months.
Oh but they absolutely do. Have you not used any of this llm tooling? It’s insanely good once you learn how to employ it. I no longer need a front end team, for example. It's that good at TypeScript and React. And the design is even better.
Do you have a link to some of this output? A repo on Github of something you’ve done for fun?
I get a lot of value out of LLMs but when I see people make claims like this I know they aren’t “in the trenches” of software development, or care so little about quality that I can’t relate to their experience.
Usually they’re investors in some bullshit agentic coding tool though.
I will shortly; am building a serious self-compiling compiler rn out of an brand-new esoteric language. Meaning the LLM is able to program itself without training data about the programming language...
Honestly, I don't know what to make of it. Stage 2 is almost complete, and I'm (right now) conducting per-language benchmarks to compare it to the Titans.
Using the proper techniques, Sonet 3.7 can generate code in the custom lexical/stdlib. So, in my eyes, the path to Stage 3 is unlocked, but it will chew lots and lots of tokens.
Well, virtually every production-grade compiler is self-compiling. Since you bring it up explicitly, I'm wondering what implications of begin self-compiling you have in mind?
> Meaning the LLM is able to program itself without training data about the programming language...
Could you clarify this sentence a bit? Does it mean the LLM will code in this new language without training in it before hand? Or is it going to enable the LLM to programm itself to gain some new capabilities?
Frankly, with the advent of coding agents, building a new compiler sounds about as relevant as introducing a new flavor of assembly language and then a new assembly may at least be justified by a new CPU architecture...
Yep I learned this the hard way after racking up big bills just using Sonnet 3.7 in my IDE. Gemini is just as good (and not nearly as willing to agree with every dumb thing I say) and it’s way cheaper.
Your gemini pricing is for flash, not pro. Also, claude uses prompt caching and gemini currently does not. The pricing isn't super straightforward because of that.
That’s true for the moment, specially because you’d need an agreement between both countries.
But payment processors in Brazil are already offering “international pix”, that Brazilians can use to pay foreign companies. It’s the same experience as pix for the customer but behind the scenes the company deals with the cross border payment.
No reason it couldn't. Bizum (mobile payments in Spain) started with just Spain but can now be used for payments across & to/from Spain, Italy, Portugal, and Andorra.
Bizum is also a member of European Mobile Payment Systems Association which I think will eventually lead to all members being able to make transfers to other members, but that might a somewhat dream rather than actual reality today.
All Eurozone countries, all bu one an EU member (and that one is very small has a very close trade deal with the EU) so not really cross border except from a certain legalistic angle.
The practicalities are very different from transferring between say Brazil and the US.
> All Eurozone countries, all bu one an EU member (and that one is very small has a very close trade deal with the EU) so not really cross border except from a certain legalistic angle.
So what? Sweden has it's own Swish system, Sweden is well integrated in EU, Europe and Eurozone yet it only works within Sweden AFAIK.
That Bizum works across four countries is not a given just because they're all within the Eurozone. Just like how Brazil and US would need to figure out how to send electronic money between themselves if Pix was available in both countries, so did Italy<>Spain<>Portugal when it came to Bizum, which is a private company btw.
> so not really cross border except from a certain legalistic angle
Is this a joke? Of course it's cross-border, it crosses international borders. It works because the countries involved put in the work to make it easy. The fact that you can't use Pix in the US has no bearing.
> The fact that you can't use Pix in the US has no bearing.
The comment I replied to was claiming Bizum operating "cross border" showed that Pix could do so, so it is very much relevant in context.
It is a very special case of cross border. It is technically cross border but does not have the difficulties of cross border in all of the rest of the world outside the EU.
In any case it is arguable whether these are separate countries or just states of the EU. It has a common currency, a parliament that can legislate (in certain matters - rather like the US Congress) for the whole EU, courts, a central bank, a public prosecutor and many other "national" institutions etc. it also have the symbols of a state such as a flag and a national anthem (albeit both shared with the Council of Europe), EU passports state they are EU as well as the issuing country's name etc.
Even if you do regard it as a cross border one it is very much atypical and cannot be replicated elsewhere.
The umbrella interoperability initiative that includes Bizum is Swiss (neither EU nor Eurozone).
Maybe you have a radical viewpoint, or maybe you're just unfamiliar with the subject matter, but individual EU countries are very much separate entities, notwithstanding many helpful treaties.
There are lots of transnational entities like the EU and monetary unions like the Eurozone.
There's nothing so special about this arrangement that means it couldn't happen elsewhere.
According to the wiki page for pix, Italy is in talks with Brazil to implement the exact same system.
Across the whole EU, there's already a pretty low limit on card transactions and a deadline of later this year for banks to implement SEPA instant transfers.
there's a lot of reasons that it won't happen anytime soon. Those countries use euro as their main currency, also culturally and historically connected, which you can call them latins. Why don't you add Denmark to that group ? You can't because it will take ages :)
But for similar application, you could use MobilePay (Vipps?). That works across Finland, Sweden, Norway and Denmark.
So although only Finland uses Euro (and rest have their own currency), you can easily transfer money between persons using just their mobile number as an example.
A more apt description would be it doesn't currently do it, there is no technical limitation. You can send cents across borders just fine with Wise and others without any fuss.
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