Slate Money

The Federal Employee ‘Buyout’ Makes No Sense

30 snips
Feb 1, 2025
This week, the discussion centers on a dubious resignation offer to federal employees that raises red flags about its true intentions. There's also a deep dive into Nvidia's stock plunge, a cautionary tale about AI competition disrupting markets. Surprisingly, physical bookstores are making a comeback, with Barnes & Noble leading the charge in creating unique consumer experiences. Additionally, social media trends are transforming backlist books into bestsellers, while egg prices spark a humorous examination of agricultural policies.
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ADVICE

Conditional Resignation Advice

  • Only resign from your federal job if you have a guaranteed new job.
  • Wait until you start the new job to avoid rescinded offers in this economy.
INSIGHT

AI Chip Demand Paradox

  • DeepSeek's efficient AI models suggest less reliance on expensive chips and electricity.
  • This could lead to more demand for chips in new applications (Jevons paradox).
ANECDOTE

Steam Engine Anecdote

  • Watt's steam engine, though efficient, increased steam engine demand, not decreased.
  • New applications emerged, proving the Jevons paradox: efficiency increases demand.
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