are you talking about the internet or crypto? or maybe you were referring to finance. wall st? i get hundreds of scam emails a day, shall we get rid of email too? seriously, just because there are scams, doesn't mean that the internet, or wall st, or crypto are all worthless. that's just lazy and ignoring that scams are from people, and not from the tech. some people will use whatever means they have available to scam other people out of money. that doesn't remotely mean that all of crypto is a scam.

raising minimum wage makes this worse, not better. even more jobs will be automated by technology removing even more unskilled labor jobs

>This is a really hard aspect to design for. I agree that we can't require that all jobs pay enough to support a single earner's ability to rent an apartment, feed themselves, pay for a car, auto insurance, healthcare, etc. If that were the case, I would never have found work in my teens and early 20s.

yup

>I could not agree more. The labor market become so much freer when these things are taken out of the employment equation. My employer should not be anywhere near my healthcare. The way we allowed ourselves to tie those 2 things together is one of the greatest drags on our economy, and for labor mobility and opportunity. If we had a UBI along with healthcare, I could see minimum wage being thrown out altogether. Employers would offer what the job is worth, and workers would work for what they value their own time at.

yup. absolutely.

some examples to explain what i'm saying, not necessarily what i think will happen per se

bitcoin replaces, or at least augments, gold as a "store of value inflation hedge" - in theory it should be a great inflation hedge. there are a limited number of bitcoin, 21 million max, but we keep printing trillions and trillions of new dollars. gold also doesn't do anything productive, it just sits there and acts as a hedge on inflation.

in this scenario, the market cap of gold is something like 8 trillion. if bitcoin takes some of this job, it's market cap must get a lot bigger. functionally, we have 8 trillion "dollars" of wealth that are currently stored in gold. if we wanted to "store" 8 trillion "dollars" of wealth in bitcoin, we can't currently. the entire market cap of bitcoin is only a few hundred billion. For it to be an inflation hedge on the scale of gold, the price has to rise tremendously.

this same calculation can be done for whatever potential usefulness you come up with. Like if you think it can replace the USD as a reserve currency for setting international oil trades, the market cap of bitcoin has to get exponentially bigger just to handle the scale of those markets.

now, i don't think it's likely to become the world's reserve currency, certainly not anytime soon, but if it were you can see where it would have to have more value to be able to do so. I do think it is a great inflation hedge, and I think lots of money managers are going to start recommending to client to put 1-3-5% of their portfolios into bitcoin as a hedge. That's happening right now. IF that goes mainstream, the market cap of bitcoin HAS to go up significantly to handle all that new demand, given that the supply is capped.

no offense, but this assumes too much about a person. you could make minimum wage $100 an hour, and there will still be poor people because some people make bad decisions. (not even taking into account that that would cause massive inflation etc). just giving a person $100 an hour doesn't guarantee they won't end up poor, as evidence by all the professional athletes that made millions and ended up bankrupt

another note, your link above gives massively different outcomes based on life situations (1 adult, 2 adult, 0-3+ kids etc). Do we need to make minimum wage such that it works for 1 adult with 5 kids who somehow got there with no skills whatsoever such that they are still working for minimum wage? Some people make poor choices in life, and we can't just raise minimum wage to a point that makes up for that. It's simply not possible.

Now, we can talk about other safety nets, such as a universal basic income, and universal healthcare, etc which I'm 100% for. The gov't should help these people, they shouldn't force small businesses to pay people more than the value they bring to the business. This is just picking winners, amazon will get bigger, and small businesses will get killed. Let the free market decide how much people are worth in the market to a business, and let gov't help keep people out of poverty.

on the other hand, if you are in high school or college, minimum wage is likely fine as it's just extra spending money. raising minimum wage significantly more than likely just kills these jobs in favor of a kiosk that can do the job just as well.

if we want to make it so that everyone can live, that is a job for gov't with things like universal healthcare, universal basic income, social safety nets. forcing businesses to pay people more for a job than the job creates in value is not a solution. in the long term those jobs will just go away completely to a technology solution.

give people a safety net so that they can not be in poverty, but don't force businesses to pay more than the market says a job is worth. kind of a silly argument on a post about amazon anyways, since they pay well above minimum wage, and in fact have campaigned on raising it (not out of the goodness of their hearts mind you, they want to put small competitors out of business and they know they can't afford a large min wage hike like amazon can)

the bed cover looks awesome though, and I love the ramp from the tailgate. that's fantastic.

not a win for privacy, but i'm sure there are some that would be unhappy about not getting the data the other providers are giving them.

Definitely not true. It is a big decision point for a lot of people.

You can add as many envelopes as you want, and as many accounts as you want. So, you add all of the joint accounts and all of the personal accounts.

The accounts page will show the individual balances of each account as well as a combined total.

The envelopes will show the balance of each envelope as well as the combined total.

It'll just be up to you to put the income and transactions from each account into the envelopes you want them to go into.

I think this works, assuming I'm understanding your question correctly.

That being said, I am planning on adding web and Android versions as well. Not sure on the ETA for those yet but they are in the works.

Let me know if you have any questions.

Main annoyance for me with other apps: the auto-categorizing of transactions. Personal finance is personal, and it’s impossible to get them right 100% of the time. I use the same type of guesses so if it is right you can quickly confirm it, but if it isn’t you have a chance to correct it before it goes into the wrong budget category.

Edit: also here is direct link to app store if people prefer that. wasn't sure if i should link my site or app store - https://itunes.apple.com/us/app/swift-budget/id1222420404?ls...

Comments URL: https://news.ycombinator.com/item?id=19925142

Points: 3

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