Were going to get now. Thats hip. The hipsters will like that dude. Yeah. Only one person even knows what the word hipster means and. Thats me. Im the youngest one there by 35 years. Were out of time. Thank you so much for joining me today. Thanks, matt. Thank you all. Okay. I just got yelled at backstage because ive been forgetting this whole time to mention we have a whole give away thing that were doing that i just kn learned about. So if you like gopro Everybody Knows what a gopro iss. Right . I got one hand. Guys are active and engaged. You all know what a gopro is. , it i weve got the new black one, like with a head mount its our wi like literally everything you a couldny with a gopro weve got back stage. Our winner will be selected in some way that i dont understand at all. But put a selfie of yourself on instagram at Techcrunch Disrupt and well choose on the third day. Pane god chosel on the third day, te of seventh day, Something Like that. Im excited about this next will b pa
Isnt this something that is just absorbed over time as more employers employees make money, they spend more and then youll have to rehire. Isnt this a red herring argument . And my second question is, why dont we just increase minimum wage or do some index so were constantly increasing wages and we dont have to have this discussion. With the minimum wage l on the increase economists by and y large agree that there is a negative impact overall on the economy, particularly on like the 18 to 25 demographic where you see recordem levels of n unemployment. Thats because they do not get the entry level jobs. Employers are not hiring those low level jobs. I wo i would disagree that its a red herring. Theres a real impact on the businesses in this country. I with due respect, i completely disagree with her ngs of readings of the economic studies which have come to conclude theres no significant job loss associated with raising minimum wages. And while it is true that youth hat yout unemploymen
Its a significant step forward for us. From the kick starter edition. Its six times faster, its got double the memory, twice the usb ports, and its filled with these wonderful new creative projects. Theres make arts, which is a digital easel to learn code by painting characters and fractels. Its immediate, and the game mechanic is step by step. You learn how to type simple commands, magic spells we call them. And you see beautiful washes of color and shapes appear before your eyes. Weve also creative a narrative adventure called terminal quest, which i think some people in this audience who came up on the commodore 64 may enjoy. Terminal quest is a mystery, a narrative mystery told step by step, where you use linux command spells to unlock new powers, save your town and borrow into basically a new world. You go down the rabbit hole, you try to solve the mystery, you dont realize it, but youre learning about the linux command line spells that make a lot of the modern world work. Another
You brought toys. Yes. So you so this onto your costume and you can have it have like to fix or bluetooth to wifi. Its easy. You dont have to go to mit and spend 100,000. You can learn al all the stuff a weekend spent how much to contribute to success to your company directly to getting out there and being the visible face to this company . I think its important to have the case because for every company, the culture comes from above. Even though we have 85 people or so, what i set up 10 years ago with this company is what continues, the value i put into it i think is what people see in adafruit and also what the employees see. I think its important for the ceo to set the culture and then continued to disseminate it. Great. Lets switch gears and talk about crowdfunding. Crowdfunding has exploded over the last few years, right . Everything from buying what you guys sell to selling headphones and watches. Things people are trying to crowd fun and start. Think back to when shinola started
If it holds. It could lead to a rally of sorts, and thats exactly whats happened here in the last hour here. We have a sense this was coming from the european session. You would have gone through the news flow about aid for Banco Espirito, some of the geopolitical stuff thats extremely troubling. Things would look different today. Not the case. Even oils struggling to catch a bid. Investors are awaiting a key Earnings Report from aig, due out in about an hour. It has a new ceo coming in less than a month and is trading at idiscount to peers. The numbers could definitely move the stock. Well have the information first and your analysis right away. All right, also, the president taking more shots at some of his favorite targets, namely wealthy businesspeople. I mean, if youve been watching television today, you know what he said. If you havent, then you will hear more of those comments where he told ceos essentially to stop complaining. Plus, well take a closer look at the president s re