Are you serious? Dollar is free floating as there is no central bank deciding monetary policy? Who's printing all the money, and buying in the stock market, and have us witness the 7% inflation? Chinese Yuan is only different in a sense they consider USD's relative value in their monetary policy, while the Feds mostly cared about other factors.
You do realize if you use credit or debit card, your banks gonna know, so therefore your government? Let's not pretend using WeChat/Alipay is somehow better or worse for that matter.
Jack Ma is very much a entrepreneur for what he's achieved. Oligarch carries to much negative connotation and should be referred to someone or a family who controls a crucial industry because of sheer monopoly.
I wouldn't say it's just an account. You can do offline exchange much in the similar way to a paper currency.
Those accounts are still annoymous to both parties in transaction, not to the central bank. I would say it's much more annoymous than a traditional account, a credit card or debit card, but probably not as annoymous as cash.
Also, it's naturally fee-free, you don't pay ridiculous account maintenance or transaction fee.
I really don't think this is the kind of ageism we are suppose to fight. You need to convince people with your past projects, sadly that's a thing for an experienced hire. Fresh graduates from not so fancy engineering school are not exactly immune to this kind of problems. It's easier to do you old job in a tech company and maybe transition to become a developer there then to look for a career change out in the wild, at least, people would already know you.
I think the whole fiasco about labor regulation is as misinformed as most other issues about other countries are presented in the US. China's labor protection isn't ideal. However, the US has its own share of failures when it comes to labor protection.
China arguable has better protection when it comes to mandatory severence pay and most workers don't work by the hours, or depend on the tips to survive. On the other hand, China don't have hyper-active unions, overtime limits are not strictly enforced. However, I remember reading a piece about a janitor in San Francisco who worked so many hours he's getting paid more than a regular programmer. So when it comes to that, regulations can't do much when someone's determined to get that overtime .
The core thing is, however, a lot more Chinese workers are willing to work that overtime and get that extra pay without complains, and the cost of living is simply way lower.
For an outsider, $15 per hour in the bay may seem high, but even if you work the full hours, you can save very little after housing and food. However, those workers in China are housed, fed, and they get to save all that they get.
> China arguable has better protection when it comes to mandatory severence pay and most workers don't work by the hours, or depend on the tips to survive.
The US has mandatory unemployment insurance which serves the same purpose, and none of the jobs that get paid in tips are in manufacturing.
Also, waitstaff in the US in practice generally get paid more than minimum wage, because the ones whose service is so poor they can't get more than that in tips will quit and take a job where tips aren't part of the compensation.
> The core thing is, however, a lot more Chinese workers are willing to work that overtime and get that extra pay without complains, and the cost of living is simply way lower.
The cost of living, especially the cost of housing, is certainly a major factor. But that's still a regulatory failure, because in that case the cause is zoning regulations.
This isn't poor logic, the whole climate and lack of factories is the U.S. problem. Those factories didn't magically disappear in the US, and reappear in China overnight or made the move on their own. This is the result of decisions made by both the business and political leaders of the country.
The factories moved overseas because that was perceived as the route to more payback for the investor class,(true in the short term) ignoring the expense against the people actually producing "stuff" in the US (the longer term result). This effectively moved research and development away from the US because it was more expensive to continue there, and money was the only object.
cut them a break. no body's gonna to update a 2017 blog post irl, and last I checked a majority of the bloggers just use Wordpress, not exactly their problem.
