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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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- Wait until you start the new job to avoid rescinded offers in this economy.
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).
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.
