21–30 of 288 posts
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Sorry, I guess I haven't been following the news that closely. Apart from NK, what's the China problem?
South China Sea.
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I had the same thought. It's outlandish that a $1B investment in anything could be viewed as insignificant.
Viewing the investment as insignificant because the investor has more money is a seriously foolish perspective that ought to be fought against instead of expressed
Anyone else find it odd that all these headlines states only how much these companies are going to spend on manufacturing, but none of them say what they're actually going to be making?
> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…
American labor was fucked anyways, Globalism only accelerated trends that would have happened anyhow. From a long term perspective, its absolutely amazing that the US has managed to export all the factory level jobs to other countries and yet managed to keep the better paying jobs back here in the states. The current lack of (low skilled) jobs in manufacturing has made it clear to those Americans willing to listen: t…
Capitalism breathes credit, credit is a function of belief in the future. I'm curious how much protectionism is necessary at home to maintain necessary levels of belief in the future.
> they (or their children) need to acquire those skills that make them employable in the 21st century
How? What skills are necessary and where do they get them? As far as I can tell the education ecosystem in the US is wholly unsuited for this task.
I assume since you used the word, you know what it means - what the fuck is globalism? I know what glottalization is, as a concept, a trend, and all of the debates surrounding it for the past four decades, but what the fuck is globalism?
It's so incredibly obvious that the best course of action is to let all these companies bring home all those foreign revenues so long as a significant portion of it is reinvested in the US is a reasonable period of time, excluding investments in financial instruments (stocks and bonds) and non-productive assets like land. Any money that is stuck abroad will be reinvested abroad, making foreign economies more competit…
The idea of reinvesting money domestically is good in theory, but how do you actually ensure that the money stays here? Is Apple Et Al. going to build, staff and operate these factories with local labour? Or, are they going to sub-contract out to the lowest domestic bidder who will just end up outsourcing the work overseas where the factories and labour is already established and cheaper?
Earlier quoted context omitted.
American labor was fucked anyways, Globalism only accelerated trends that would have happened anyhow. From a long term perspective, its absolutely amazing that the US has managed to export all the factory level jobs to other countries and yet managed to keep the better paying jobs back here in the states. The current lack of (low skilled) jobs in manufacturing has made it clear to those Americans willing to listen: t…
> continue as a global technological powerhouse (unless it gets fucked by Trumpism and populism of course). Capitalism breathes credit, credit is a function of belief in the future. I'm curious how much protectionism is necessary at home to maintain necessary levels of belief in the future. > they (or their children) need to acquire those skills that make them employable in the 21st century How? What skills are neces…
It's so incredibly obvious that the best course of action is to let all these companies bring home all those foreign revenues so long as a significant portion of it is reinvested in the US is a reasonable period of time, excluding investments in financial instruments (stocks and bonds) and non-productive assets like land. Any money that is stuck abroad will be reinvested abroad, making foreign economies more competit…
Perhaps they have a very good understanding of accounting and how easy it is for a company to artificially inflate overseas profits. Note the legal troubles about Ireland. If companies could bring overseas profits home tax-free, we'd miraculously have no domestic profit the next year.
> Cook told "60 Minutes” in 2015. “I mean, you can take every tool and die maker in the United States and probably put them in a room that we’re currently sitting in. In China, you would have to have multiple football fields.” In that interview he also said that the jobs weren't coming back. This is one of the most powerful statements uttered on American labor and employment trends in recent memory. I have shared thi…
In China, they are racing to match and surpass western standards. I would say, they have already matched in some cases. But unlike the west where companies export out to save costs. Companies in China do everything in-house.
There will be a time where these 6 figure jobs that some HN users have, will go down by 50%. Why? Better coders outside of the US, UK, EUR, etc.
Of course, there will be a portion saying that we must keep our skills up to date. But not everyone can do heavy math, statistics, and ML. Just think of the developers who work on drupal, wordpress, javascript. What percentage do you think they can develop AI systems on tensorflow and neural nets?
A major shift is coming. As developers, we need to prepare.
Cue the cries for UBI.