people bring catalytic converters from cars and we throw them into a furnace
the CEO of the parent company wanted to be able to buy catalysts and give people cash right away
but the business was far too dependent on the price of platinum
so he started hedging metal, in other words we receive platinum from customers and sell it on the commodities exchange immediately to lock in the price
the partners in my company basically quote prices and do this hedging process, and they get a small cut of all the volume
@RobertHarvey would appreciate if you check whether these users are blocked at SO: 165541, 165547. They "suddenly" started dumping at us questions similar to ones previously asked over there
There are a lot of middlemen that provide no value and simply add additional steps into an otherwise pretty optimized process (such as mutual fund brokers and salesmen)
yes, there are a lot of middlemen who are there to squeeze out your money. in my opinion, the only problem that I have with them is when they are legally obligated to be a part of the process (I.E. Car dealerships)
if you can bypass them and save yourself money, then everyone else is paying a stupid tax by using them
There are some middlemen services which add value, such as large distributors such as Walmart/Target/Amazon which do provide me as a customer with value
@enderland the reason all of those places you just listed are valuable is because they remove middleman. They have far director access to the factories than the vast majority of other sources you might use to get the merchandise you get from them.
and is often illegal or regulated out of existence. Perfect example is buying a house- these days the entire job of a realtor who you're buying a house with is to setup some alerts on a website to notify you about houses registered with the MLS that meet your criteria. Anybody can do that themselves however, they also call the realtors and schedule time for you to view the houses and submit any offers you might make -> Because the realtor selling will not deal directly with people.
It's agreed upon middlemen for no reason. A normal person could call the owning houses realtor and submit the offer themselves, but as it is the realtor won't accept communications from anyone who isn't represented by a realtor because it would be bad for their industry
so you submit your letter to your realtor who just sends it off. They do practically zero work.
a selling realtor does a bit of work, but a buying realtor just wastes time because viewings have to be scheduled when they can be present
all communications have to go through them and they do nothing with those communications but literally pass them off to another realtor. And then they take thousands and thousands of dollars from the sale just for being a communication proxy.
yeah, real estate agents are another good example, though they can at least provide some value in terms of "research" or otherwise providing you with experience
I bring it up because it's a concrete example of where middleman do exist, are held in place by nonsense for their own good, and provide zero value. One example to point out it does happen, and you can elaborate on the likelihood of other such examples.
lord knows recruiters in our industry are worse than middleman, they'll screw over both sides of a recruitment- candidate and potential employer by telling the employer the candidate's thinking it over, and then telling the candidate that they haven't heard anything from the employer but have another interview available-> Because another employer pays a bigger commission.
In our industry recruiters are worse than a wasteful middleman layer, they're outright deleterious
they create downward wage pressure across the industry which is totally artificial as well, while employers are willing to pay X for skills, due to recruiters and constant contractors, employees only get paid Y which is not commensurate with actual market value for their skillset
just about anyone who's job isn't production or servicing is just trimming cream somehow. And a vast portion, likely the majority, of jobs are neither of those things.
Did you know there is a company who's entire existence is to find people on welfare rolls (paid for by states) who can be moved to disability (paid for by the federal goverment) so the states don't have to pay for them anymore?
@durron597 that's cheap, people themselves often pay far more to get on disability, unless they're fraudsters then they just lie and get on for free
@durron597 Lots of this is due to the higher requirements for jobs these days because industry efficiencies have reduced employer needs significantly so since they need a tenth as many employees as they used to, they're willing to be 10 times pickier - if they needed many more they'd have to be less picky. In the 70s a high school diploma could get you a middle class job, nowadays a college degree is practically mandatory-> Guess what makes getting approved for disability really easy ?
Lacking a college degree.
I don't say that to disavow the claims of uneducated people on disability, I say that to point out how much it sucks that if you have a college degree, try hard to do well despite your troubles, and don't lie on the applications - There's very little chance you'll get disability without getting a lawyer to argue it all through for you.
Willing to lie through your teeth like a fraudster? Welcome to disability. Uneducated? Hop on in. Haven't been willing to even try working for the past few years? Step right up. Educated, not willing to lie, and having attempted to work regardless of a debilitating problem? Get a job ya bum.
Even private disability insurance often covers working in your current field of occupation, and if so rates for programmers (per $ of salary covered) are comparatively low because you have to be relatively more sick or injured to not be able to work at a keyboard. Since disability is about ability to work it's not unreasonable for it to be related to what kind of work you are normally capable of.
> In practice, it's a judgment call made in doctors' offices and courtrooms around the country.
^-- often stated, never true. Doctors do not choose who get's disability. They lend a minimum of help.
They can write letters for you but ultimately those letters mean nothing to the government unless those letters are outright diagnoses that fall into the lists the government has decided, regardless of doctors.
^-- completely ignores the fact that back pain is subjective and has grown in large part due to constant denials for so many other things thanks to the many medical improvements in dealing with the objectively measurable things
it's easy to deny people for objectively measurable things where medicine has had measurable benefits towards, there's no objective measurable improvements that you can find for subjective pain
@JimmyHoffa A college degree is worth less than it used to be because everyone has one these days. Pell Grants and federally subsidized education loans have oversupplied the market, forcing everyone to go to college now
It's also sent tuition prices through the rough, because people don't see the costs themselves when they're 17
The goal of most businesses is to try to sell you something that you want to buy
Cost is only one component
If there weren't cheap education loans available everywhere, no one would be able to afford these prices, so the demand would plummet, and then the tuitions would plummet to match.
I'm not sure what that has to do with "being a for-profit" entity
Amazon is also a "for-profit" entity but they deliver a product people want to have and it works
@Ampt that's as anecdotal as WorldEngineer's experience. There's so much variability in people's experiences in this regard it's hard to point at what's an 'average experience'
@durron597 this is only one and I'd say not even the most common model. Currently with our economy being such a services focussed one, I'd say it's more common that the goal of businesses is to convince people to pay them for something, with a strong focus on the convince.
The verbs doing, producing, or improving are ones you could claim many businesses are modelled around, but at least as many if not more are modelled around convincing, selling, and in a sadly large number of cases; tricking (spam snail mail is ages older than spam email, and much of it is truly attempting trickery, that's not a small industry)
@Ampt both. Like I said, look at WorldEngineer's experience. I know many people who've had similar experiences to his and some with similar to yours, but more than anything there's huge variability in the stories I've heard from people around that
user15026
I mean if we are just considering CS, I know people who got jobs right away, and others who took forever (or ended up doing other things completely)