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I'm curious what you do for a living? You complain about not having the income to afford things like housing. I'm wondering about the skill set that causes this.
The 125+ IQ well-educated tech people have no problem finding work. They're not the people being displaced by H-1B visa contractors from Infosys. It's the not-so-good average people who have the problem. If they got lazy and didn't stay up to speed on the latest technology, they're F'ed if that announcement comes that Team Bangalore is showing up to replace them. I know IT people who fell into that trap. They weren't very good in the first place and they plodded along working with some dinosaur technology. As soon as you stop learning, your value plummets and that 25 year old with up-to-date skills who will work for less money is going to get the job.
Narcissism + social Darwinism, a classic American combo. With mindsets like these USA is doomed for some nasty future where your appeal to your IQ and abstract skills may not be sufficient to secure survival or a cup of soup. Average people have no right to exist, life is some sort of stupid game where the deserving winners deny the losers basics, if life is a game, there are no rules. At some point your proposition for the losers to suck it up and blame themselves will result in a new set of rules.
The OP still does not get it. It depends on the part of the country you live in, to the economy you are living with. Some areas have high unemployment, and others low. Some areas like here in our area with the lower cost of living people are doing very well. Homes did not have a big bubble to burst, so did not go into the sewer when it went bad some other places. Homes are rising in value, according to the local government went up 12.5% last year alone, and are still affordable,
Our housekeepers son at 16 years old walked into McDonald's, asked for an app, but before they would give him one the manager took him on a tour showing the different jobs he would be doing, asked him if he could do them and when he said yes, gave him an app. He filled it out, and she immediately set his schedule for training and work. Start $10 an hour. Soon was raised to $12, and told he will raised to $14 an hour.
They have a hard time finding help in our area, and no one works for minimum wage. There have been several companies that want to put in new facilities here in SW Montana to hire 300 or more people, but the unemployment office tells them to advertise for help, to see if they can find enough workers. One in the paper a few months ago, ran an article a few months ago about what happened. They advertised and got only 75 apps, and half were not qualified. Even for good wages, they could only find about 1/10th of the work force they needed. They tried other areas of Montana and got even worse so ended up going to another part of the country.
The economy in the country is local, and differs all over the country. Some areas are going great, and some are doing terrible.
^^THIS
Teen unemployment is 70% - but they don't want to work. I am only 30, but a decade ago everyone I knew had a job.
IT people were laughing at workers when manufacturing jobs were outsourced.
They had it coming.
No tears for them.
Dude what on earth are you talking about? Unemployment rate for IT in February 2016 was all of 3.7%, why would you be crying tears for them?
Everyone was scared India would take all the IT jobs about 15 years ago, but time has proven the domestic demand outpaces any job loss. IT is still a poach-heavy sellers market, it is a great career that proved more recession proof than most.
Dude what on earth are you talking about? Unemployment rate for IT in February 2016 was all of 3.7%, why would you be crying tears for them?
Everyone was scared India would take all the IT jobs about 15 years ago, but time has proven the domestic demand outpaces any job loss. IT is still a poach-heavy sellers market, it is a great career that proved more recession proof than most.
Well that sure was a fast backpedal... went decrying the current state of the IT industry to pure speculation on what could/should/might happen to the IT industry someday in just two posts.
Every time an American buys a Chinese TV they add to the national debt.
That is how it works.
You import stuff you have to pay, or should I say the entire country has to pay. The trick is to keep some balance between the two.
Our problem is not just that we import goods on a massive scale, we also outsource our services and allow our exporters to use book keeping tricks that keep the monies forever off shore.
So that iPhone, that google advert, that MSFT OS don't end up counting as exports because the money and taxation never gets to the USA.
some parts of econ are simple... if you want to import lots of stuff you need some way to pay for it. Right now we are paying for some of it by selling billions of dollars worth of property to the Chinese.
When we buy our drywall from halfway across the world to save a small percentage, we are castrating our future.
some parts of econ are simple... if you want to import lots of stuff you need some way to pay for it. Right now we are paying for some of it by selling billions of dollars worth of property to the Chinese.
That's only true if you have a trade deficit. Like we have for forever.
Trade isn't the problem just the deficit... which is caused by the exchange rate.
Well that sure was a fast backpedal... went decrying the current state of the IT industry to pure speculation on what could/should/might happen to the IT industry someday in just two posts.
Just stop constantly making stuff up dude.
But he's going to make an economic blog, you can't make stuff up on blogs.
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