we re going to get now. that s hip. the hipsters will like that dude. yeah. only one person even knows what the word hipster means and . that s me. i m the youngest one there by 35 years. we re out of time. thank you so much for joining me today. thanks, matt. thank you all. okay. i just got yelled at backstage because i ve been forgetting this whole time to mention we have a whole give away thing that we re 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 we ve got the new black one, like with a head mount it s our wi like literally everything you a couldny with a gopro we ve got back stage. our winner will be selected in some way that i don t understand at all. but put a selfie of yourself on instagram at techcrunch disrupt and we ll choose on the third day.pane god chosel on the third day, te of seventh day, something like that.
isn t this something that is just absorbed over time as more employers employees make money, they spend more and then you ll have to rehire. isn t this a red herring argument? and my second question is, why don t we just increase minimum wage or do some index so we re constantly increasing wages and we don t 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. that s because they do not get the entry level jobs. employers are not hiring those low level jobs. i wo i would disagree that it s a red herring. there s 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 there s no significant job loss associated with raising minimum wages. and while it is true that y
it s a significant step forward for us. from the kick starter edition. it s six times faster, it s got double the memory, twice the usb ports, and it s filled with these wonderful new creative projects. there s make arts, which is a digital easel to learn code by painting characters and fractels. it s 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. we ve 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 don t realize it, but you re learning about the linux command line spells that make a lot of the moder
you brought toys. yes. so you so this onto your costume and you can have it have like to fix or bluetooth to wi-fi. it s easy. you don t 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 it s 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 it s important for the ceo to set the culture and then continued to disseminate it. great. let s 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
if it holds. it could lead to a rally of sorts, and that s exactly what s 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 that s extremely troubling. things would look different today. not the case. even oil s 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. we ll 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 you ve been watching television today, you know what he said. if you haven t, then you will hear more of those comments where he told ceos essentially to stop complaining. plus, we ll take a close