Kiss high-tech employment goodbye

[gwynedd1]

Originally Posted by bradykp

Linda Mayer: Why Onshoring High-tech Manufacturing Jobs Makes Economic Sense

Three million open jobs in U.S., but who's qualified? - CBS News

see comparisons to what is done in Germany vs. here. And if it is so difficult to fill jobs, wages should go up - but that isn't happening either. these Visas are just another way to keep wages down. I'm not saying the Visas are bad...but what should be happening in a "shortage" of qualified candidates is not. That's why many of us are not truly convinced that the argument made is valid.

Germany is one of the most financially poor countries in Europe. Yes, you read that correctly.

Is Germany really the poorest eurozone country?

Financial wealth has to do with debt/liability which slides into rentierism. Financially wealthly people are owed. It debt is bad then financial wealth is bad. That is the more financial wealth exists, the more people are being paid without working and the more it costs industry to function. Wages going up or down doesn't matter. What matters is relative to the cost of assets necessary to produce. Follow along:

If a rentier can collect high rents from workers then the property is said to be "highly valued". This makes this person "wealthy". If this "high value" is due to buying pressure from easy credit then its driving up the cost of rent further. Untaxing it just causes the "value to rise" drawing in more credit , not changing the rent.

All this "financial wealth" symbolizes is the ability of segment of the population to extract output from industry with little industry of their own depending on the capital outlay for the building vs the location value or ground rent. In Germany the FIRE sector is least effective in extracting wealth from the materially productive economy.



Easy credit and mortgage money while untaxing real estate is putting us out of work. Not many people notice because when we are blowing the bubble, assets provide lots of cash flow. However when it ends all that remains is an ossuary.

[bradykp]

that measure that was used is slanted to value some wealth heavier than other wealth. so when they conclude that germant is one of the most financially poor in Europe, it's solely based on that skewed metric. home ownership should not be a signficant measure of wealth. a home is a place to live, not an investment. it's a nice little theory, but it's a very very minority view in economic measures.