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Communism is alive and well with Putin in office. Putin realizes one thing, Obama is a true paper tiger. The man has no backbone and the world is realizing that we are not the world power that we used to be.
No doubt the US will come up with the next big thing. They will out source it a year later or bring visa workers. Or just let the colleges flood the market year after year . Then the wages will sucks but some shareholder will be happy because the price of their stock is up 20 cents. Most retail investors have been gone for years from the market. It is wall street money and traders pumped up by fed money. Tons of people in the US own no stocks at all. Of those that do 50% have 100k or less something like 20% have 25k or less. Sure you can retire on that add a few more crashes which will happen. The fed never ending 0% rate as they kill the value of our dollar. Your 401k should wok out great in retirement. Do not mind the fees buried in most plans. Or the ones on page 158 footnote 7 you never saw. People think they will never be out sourced but more and more things can be out soured. Very few jobs are safe even very high end jobs accounting law IT the list is endless and grow longer everyday Technology almost always kills jobs and need for labor. I set up a tech outfit cerate 1000 jobs 200 stay here 800 go to India. Now my new technology allows business to get rid of 20k worth of workers from payroll happens everyday.
Communism is alive and well with Putin in office. Putin realizes one thing, Obama is a true paper tiger. The man has no backbone and the world is realizing that we are not the world power that we used to be.
Um no. Putin is about as far from a communist as one can get. I could argue that he's largely pacifist considering everything western countries have done in the past 15 or so years. Even when judged against the state of Israel Russia has probably been the largest victim of terrorism. Beslan school bombing, the opera house, the subway bombings etc. Most of this hardly reached the western press in the same ways as other events did.
I'm no fan of Obama but I wouldn't call him a paper tiger. Remember everything is economic now. Show me exactly what Russia could do if the EU admits Turkey as a member with one sole condition. Close the Dardanelles to Russia. No black sea trade means NO trade. Transiberian supposedly was supposed to link to Euro rail to connect under theory London to Paris to Berlin to Moscow to Beijing. No one would be that stupid to close that down.
With communism it means everyone works, everyone has health insurance, state ownership of everything etc.
If the state owned everything then there wouldn't be a russian stock exchange now.
We have to understand something there. There are many countries that frankly have oil and very little of anything else. So it is in the interests of say Iran and Russia to scare other countries or people to cause the price of oil to go up so they make more in revenue. China on the other hand realized in the 1970's that their policies failed to the point where trade was the only real option.
Actually automation will have a far bigger effect in the 21st century than outsourcing ever did.
Absolutely! Automation and technology will have a far bigger impact. Just look at the publishing and media industry. Who would have thought 20 years ago that a physical newspaper (and the jobs of folks involved in the supply chain of newspaper publishing and delivery) will become nearly obsolete with the advent of a tablets!
Absolutely! Automation and technology will have a far bigger impact. Just look at the publishing and media industry. Who would have thought 20 years ago that a physical newspaper (and the jobs of folks involved in the supply chain of newspaper publishing and delivery) will become nearly obsolete with the advent of a tablets!
Even when physical papers are delivered, this box we are both using has changed employment. The NY Times formally delivered at minimum its Sunday paper across much of the nation, by truck, to Tn, when I came here in 1997. So you had several drivers going different ways, but all pulling trips that would take until the middle of the week. Today it is printed in Nashville daily, at the Tennessean, and delivered with that paper.
Outsourcing folks scream because they see jobs eliminated, but it is few now. They are blind to the jobs that were NEVER created as technology allowed new things to be made or done without positions filled that would have needed employees 20 years earlier.
Nonsense. Outsourcing is great for productivity and for building a population of highly skilled workers.
Do you know of a country that has successfully made this type of transition, and now has a population that consists primarily of highly skilled workers?
Do you know of a country that has successfully made this type of transition, and now has a population that consists primarily of highly skilled workers?
Agreed. Sometimes, coming to this forum makes my head hurt...
1) Outsourcing - as in "sending jobs overseas or replacing citizens with cheap visa workers" - has NEVER helped anyone except corporate bottom lines. And even that comes at a long term cost since the corporations end up losing control of their IP (take a look at all the technology China has stolen from us since we set up our factories there) and end up losing plenty of customers since they put their own higher paid staff out of work.
2) There's no such thing as a successful "high skills only economy." That's just rubbish and is more of the same nonsense we were fed when jobs started going overseas and the visa workers and illegals started flooding our nation. Oh, don't worry about it, they said - America will just transition to an "ideas economy" or a "high skill economy" or some other drek... with the promise being that Americans would still get the "really good jobs" and only "other people" would be stuck with the lower end work. Well, here we are years later, and how did that work out for yah? Tons of high quality jobs have been lost, never to return, and we have people with STEM degrees flipping burgers because there's nothing left out there. The promise was a lie - the corporations just gutted as many jobs as they could - and there was no "new economy" to transition to... unless one counts a "master-serf" economy as something new.
Finally, even if we could magically create an "ideas economy," unless you also have some way to make sure everyone in it is far above average intelligence and has access to great education so they can participate in this economy that requires tremendous education, experience, and mental abilities, what are you going to do with all the "surplus population?" What do you do with the guy who's just average intelligence - or below average? What do you do with the woman who had a lousy family and went to terrible schools and thus, despite being reasonably intelligent, never had a real chance? I know, I know - the heartless social-Darwinism solution is to let them drop dead, but that's no way to run a society.
3) Automation is yet another problem: Outsourcing / offshoring / insourcing / whatever you want to call it has already destroyed plenty of jobs, and automation, as others have said, will kill off plenty more. I'm looking forward to the laughable day when corporations can finally automate nearly everything and gut 90% of their workforce... only to realize that now all their customers are jobless and broke, so they have nobody to sell these neat products to - brilliant!
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