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I agree that outsourcing is a good thing. Outsourcing enables businesses to be more innovative and to manage the resources better. In the long run in the bigger picture it is much better. I think Americans tend to care about systems house. They see just their job just that one job without the bigger picture.what is not good for our innovation is this entitlement that so many employees have.
So why not just say "Don't have kids you can't afford", and leave it at that?
I can see where the OP was coming from with this advice. My brother had a kid and he's really feeling it... he also now has loans on top of that to pay. I know a lot of Millennials (friends) who are taking things slowly, and I happen to be one of them, unfortunately. There's no WAY I could start a family now.
Um wear a condom and avoid people that will endeavor to trick you into having kids? Demand to see their pills, watch them take it etc. Your tirade is so stereotypical. Not all women want babies. And accounting for "permanent separations" about 50% of marriages do end in divorce and about 43% of first marriages end in legal divorce. Not good odds. Given that so many people divorce many of these people will be back on the market do date at 32, 38, 40, 50 etc. so you're dating life can continue indefinitely in large cities.
My tirade is stereotypical because it is the truth. If you use condoms for 10 years, your chances of pregnancy are over 90%. If you really don't want kids, have a vasectomy, followed by a sperm count to make sure it worked. Surgery is the least invasive and only reliable birth control available for men.
If you feel you are incapable of a stable long term relationship, by all means spare yourself the trouble and remain single. That 43% is a big wad of people who should have thought twice. For those who are suited to it by their disposition and marry well, having a life partner is a real boost to living well.
I can see where the OP was coming from with this advice. My brother had a kid and he's really feeling it... he also now has loans on top of that to pay. I know a lot of Millennials (friends) who are taking things slowly, and I happen to be one of them, unfortunately. There's no WAY I could start a family now.
A lot of millennial's are taking it slow because they are flat out broke. They do not have the financial resources to even consider marriage and having children. A lot of the generation x people had some basic foundation so they had kids even though they end up struggling. Millennial's just flat out do not have that readiness as a generation.
I can see where the OP was coming from with this advice. My brother had a kid and he's really feeling it... he also now has loans on top of that to pay. I know a lot of Millennials (friends) who are taking things slowly, and I happen to be one of them, unfortunately. There's no WAY I could start a family now.
Okay, but maybe the solution is to explain how to make an honest assessment of what you can afford and what you can't, not to make a blanket statement about not having kids!
For example, "If you don't have a 6 month emergency fund, you can't afford it", "If you wouldn't be able to still save for retirement, you can't afford it", "If it would make you need to take off work when you need the income, you can't afford it", etc.
Trade deficits is one thing. Outsourcing is another. Outsourcing has much more greater benefits than any drawbacks it may have. The net impact on the great majority of citizens is a wildly positive.
If we had outsourcing *without* a high trade deficit, I agree that would be ideal. And it is easy to fix with a currency adjustment.
But in reality we have had a high trade deficit since globalization began, and when that happens (and they want to *keep* it happening!) you need to increase the fiscal deficit to balance the books. You also need to keep the US$ boosted with high interest rates. Ditto. It also depresses wages, reducing consumer demand, but you can "fix" that by loosening credit and creating debt bubbles. Ditto. And you can also be very glad that the once ever event of a rising workforce participation rate and 2 earner families is boosting demand even further and making the poor wages less obvious. This unsustainable scheme was kept going for ~30 years before it collapsed.
If you follow the money it's easy to see why this happened. The US public essentially paid for companies to go global. They made huge profits and still are. The banking industry also made out like crazy and doubled in size as a % of the economy (and then got bailed out!). Nearly every company in the US did well in this period because the economy was booming from debt escalation and stimulus. But the ones that are still dependent on US consumer demand are now in poor shape.
The sane way to do free trade is to allow your currency value and exchange rate balance trade over the long term. Then trading countries really can use comparative advantage to increase productivity and benefit everyone. We'd still outsource a lot of inherently labor intensive production to low wage countries, but it would naturally be replaced by higher valued added production that we'd export. This however would result in a slower pace of globalization and it would also be more risky and less profitable to outsource. The rich would not have gotten richer nearly as quickly as the have.
My partner and I are both millennials and we're doing fine. I'm an engineer and he's an accountant. We both work for reputable firms of our fields, have great insurance coverages, and own a home.
My partner and I are both millennials and we're doing fine. I'm an engineer and he's an accountant. We both work for reputable firms of our fields, have great insurance coverages, and own a home.
That's great. I would suppose that most two earner professionals in high-demand fields are doing wonderfully. The difference is that 50 years ago pretty much any guy working a low skill job could afford a decent house, support his whole family, and send the kids to college. Not saying he lived as well as you by any means, but these days his scenario isn't an option without a high paying position of some kind.
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