The bigger issue is startups. They run at a loss for number of years while valuation increases. Founders will be forced to sell shares early to pay for gains that may never realise. They will move offshore, VC will be impacted here as a result. AUS Innovation will be stunted. 2/2
Am increasingly concerned about the proposed tax on paper gains in super where balances exceed AUD$3m. Sure only a small fraction of people will be affected now. The threshold is not indexed, many in Gen Z and later will get be affected - a long term problem BUT… 1/2
AI lowers the barrier to getting started on anything, which means people start doing far more. But to do great work still has a long tail of execution, judgment, creativity, and knowledge about the specific domain, which means AI replaces far fewer jobs than we think.
@matt_barrie@katherine_deves Not disagreeing that overhaul is needed. Wouldn’t expect there to be too many yoga instructors getting through. Agree that this however is a noise issue that distracts. The bigger issue of how many actual global talent visas get issued. Transparency per list role is needed.
@matt_barrie@katherine_deves . @matt_barrie from what I understand from Barney Glover’s recent radio interview there are a number of roles that are locked in via long standing bilateral agreements eg yoga instructors is embedded in an agreement with India. Not defending roles, just noting these are locked in
R&D investment in Aus is too low. Only 1.7% of GDP goes into R&D and it's declining, while other nations are charging forward - Korea 5%, Taiwan 4%, US/Japan/UK ~3%, China 2.5%... 🧵...
Next stop off to late night chemist for some antibiotics and steroids - total cost there was AUD$37 - all done and sites by 8:40pm.
So all up AUD$47 or USD$30 to get diagnosed and treatment in 40minutes. Brilliant. 2/2
Have to love Aussie Medicare. One of my kids is ill, did AUD$10 home test that came back -ve for Covid as well as Influenza A&B - so off to our local Bulk Bill Dr at 8pm. See a Dr there at 8:10 and get diagnosis (no copay as it is bulk bill) 1/2
Australia's largest companies are banks, supermarkets, a mining Co and a toll road.
Taiwan's largest companies manufacture semiconductors, electronics and cars.
One is scalping its hostage citizens with price gouging and the other's innovation makes it competitive on world stage
@RoohbirSingh@KirilRuvinsky@AussieFinance2 I used a buyer’s agent, a good one will have fixed price ($66k seems high for that sale), will help you not make the costly mistake of buying a property with issues, and expedite the negotiation to a secure a property you would otherwise have missed. Yr mileage may vary
@matt_barrie@Ausproperty95 Hey @matt_barrie not sure where you’re getting your data from. I entered the workforce prior to that with a EE degree and that number seems more than a little low….
That said I agree point that wages have nowhere kept up with prices.
Agree 2024 will be very interesting. Current price declines will have or are about to shutdown high cost producers.... reckon the pendulum could well swing back hard to high prices in short order
The best indicator of #lithium demand is GWH produced. The 2023 narrative of “soft demand” requires nuance. Demand is clear - but much of the lithium supplied has been from dwindling inventory across the SC in the form of chemicals, cathode, cells. Guess what happens in 2024?
So I learned today that about 20yrs ago a big hurricane emancipated a bunch of chickens that were never rounded up on Kauai - which is now the home of an abundance of free range fowl and felines. Never seen so many well fed happy chickens and cats on the prowl ever!
Up to 2005: Silicon Valley is virtually unchallenged
2005-2015: Adyen, Spotify, Just Eat Takeaway, are category leaders
Last 7 years: 30% of global seed investment goes to European startups
Europe today: largest ever pool of startup talent, experienced VC scene, the highest density of science talent
@MJBiercuk@Mikenicholls88@PhysDownUnder@UTSTechLab Agree that TTOs struggle - performance is hard to measure through, as you and Erik point out at this stage most are aiming for base hits and not necessarily looking to count how many home runs were missed.
@PhysDownUnder@MJBiercuk@Mikenicholls88@UTSTechLab Yup I was at the Media Lab in the mid to late 90s. At that time patents were seen as an impediment not a way forward - not surprising given the ‘demo or die’ culture present. Working code / prototype driving a compelling demo was the objective.