I left the UK after graduating at 21, fully intending to come back within a couple of years. Its weird watching it from the outside for 10 years waiting for a "good time" to move back and realizing that time isn't coming more and more each year. The salaries in Japan arent great honestly, but mine, the quality of life and how far my money goes is so much better than if I lived back at the UK. Every time I go back it…
IMO the UK should look at what Singapore did and maybe learn from that. There's really no excuse for a country like the UK other than ordinary plain and simple mis-management from the top. Singapore did not depend on neighboring countries to climb out of 3rd world poverty. To name an example.
UK's hardware talent is being wasted
411–420 of 1001 posts
Re: UK's hardware talent is being wasted
#412As a Brit, when I was raising the seed round for my startup, UK and European VCs would consistently try to haggle you down on price while the American VC's were exclusively focussed on trying to figure out whether this could be a billion dollar business or not (in the end we raised a $5m seed led by Spark, and have done extremely well and raised more since). The UK lost Deep Mind - which could have been OpenAI!! -- t…
> The UK lost Deep Mind - which could have been OpenAI!! -- to Google. You're focusing on one success story out of thousands. 90%, or more, of US startups only exist to be sold to the highest bidder or to coast indefinitely long in infinite investor money, and never turn a profit. There's still expectation in Europe at large that your company should have an actual business plan and a path to profitability.
Re: UK's hardware talent is being wasted
#413Earlier quoted context omitted.
> unfortunately this can't last as those who go hard on progress and tear down everything and rebuilding again A notion of "bare progress" is the elephant in the room. Progress is a vector. It has magnitude and direction. People talk of moving "forward or back", but science also has a steering wheel. > and the Americans and Chinese will make us adopt their ways. This very notion of "progress" as a totalitarian force…
> When Europe was starting a 1000 year technological master-race, more measured minds had to extinguish that fire A lot of the measured minds were saying eugenics was a good idea. It took the horror of seeing experiments and concentration camps to make it so deeply unfashionable the idea couldn't even survive in academia.
But look at this post made here a couple of days ago [0]. It's absolutely back in fashion. I think technofascism really is a thing now - you can feel certain people getting quite giddy with thoughts of power.
Re: UK's hardware talent is being wasted
#414Earlier quoted context omitted.
Even internally in the USA, you will see the full spectrum of EU-like VCs to Sand Hill-like VCs.
Correct, but the tail of VC being fat is unique to the US. Pretty much the rest of the world is like the UK in all but a miniscule percentage preferring stability rather than moonshots.
You don't hear about the small capital firms investing in boring slow growing companies, because they are boring and slow growing.
Re: UK's hardware talent is being wasted
#415Earlier quoted context omitted.
I regularly see opinion pieces in the British Press advising young Brits to get out. In 2022 one writer wrote 'Britain is fed up, bitter, and practically broke – and it’s all going to get worse' and indeed it still is and getting worse. One basic problem: an unsustainable welfare and health system and overwrought bureaucracy. Today I learn that one major bank is considering leaving the UK in view of excessive 'red ta…
The UK has no shortage of good banks. Santander can fuck off for being worse than their competition.
Re: UK's hardware talent is being wasted
#416Why don't all British hardware engineers move to the United States? What keeps them in Britain?
Re: UK's hardware talent is being wasted
#417Earlier quoted context omitted.
> don’t believe and can’t even imagine that more is possible. And/or don't think that more is better/desirable. I wouldn't consider myself working class, but I was definitely raised with the idea that making obscene amounts of money is actually pretty selfish/immoral and not something one ought to strive for. That doesn't preclude going into business. But it is pretty antithetical to the VC funding model and the crea…
> it seems that the culture in America is that wealth is virtuous I don't think I've ever seen this claimed anywhere except as a criticism.
Re: UK's hardware talent is being wasted
#418Keep importing skilled workers. I'm sure it will work out for you eventually. /s Seriously, I feel bad for our British bretheren. The UK government is seemingly out of control and actively working against the people. There are also long-running geopolitical trends like outsourcing to contend with. Talk too much about these things and you're probably getting sent to prison. It's time for the US to bring some democracy…
You've got the wrong end of this one. UK has long pursued a strategy of "social mobility", which is shorthand for: some places will be shit, and if you're hardworking or clever you can and should leave. So the bright, capable people from white working-class towns either joined the middle classes or skipped the country entirely a generation or two ago. Leaving behind a bunch of people for whom no wage will tempt them…
* Menial jobs were/are normally done in the past by younger more inexperienced people. These were usually done part time while in education. This allows younger people to build basic competency and money management skills. They aren't supposed to be jobs for life and everyone knew this in the past. By constantly importing people from to do these jobs, you stop younger people from building up this basic competency. This stuff is important btw, as I know many people who never had these jobs and had the bank of Mum and Dad pay for them for far too long, they don't know how to manage money.
* A lot of more menial jobs are done by people that are part retired. When I was younger I worked with many part retired people that had a stressful job and moved away and part retired and were on the checkouts out the supermarket, cleaning, pushing trolleys or delivering things.
* A lot of immigrants seem to do jobs like Uber Eats, Deliveroo and other zero hour contract food delivery jobs. If you don't believe me, go to your local McDonalds at 8am on a Saturday morning and every driver picking up food will be a immigrant of one sort or another. These are jobs where people are literally too lazy to drive 5 minutes to the McDonalds drive through on a Saturday morning. I am normally very pro-free market however do we really need to immigrants to do these jobs? I don't use Uber Eats and I have no idea how much it costs, but I think the guy up the road that has a small mansion a Jag and Two Teslas can probably afford to pay a bit more for delivery.
* I am from the South of the UK. If you aren't from London or another big city, London is one of the most horrid places to visit, work. I spent maybe a 4 months working as a freelancer in London (travelling in). People are downright rude, everything is a ripoff. I'd rather be slightly worse off and live here than be "better" off an live in London.
Re: UK's hardware talent is being wasted
#419Earlier quoted context omitted.
Fundholding GPs don't do badly. A lot get 6 figures if they are partners in a surgery. I think most Doctors etc need to wait until they're consultants until they make decent money. But I'm like you - fell into banking due to being a Lotus Notes developer when it was flavour of the month and have never left. I reckon I'm on over double what I would be if I'd ended up working for IBM or Cap Gemini or similar. [And I sh…
>I think most Doctors etc need to wait until they're consultants until they make decent money. A consultant gets £100k -> £140K ish from the NHS. However, many supplement that with private work and therefore make significantly more.
To get to the starting line of Consultant they have to go through the Residency gauntlet which start you off at 36k and hideous hours.
Re: UK's hardware talent is being wasted
#420Earlier quoted context omitted.
> As a Brit, when I was raising the seed round for my startup, UK and European VCs would consistently try to haggle you down on price while the American VC's were exclusively focussed on trying to figure out whether this could be a billion dollar business or not ( Yes we have many comments on HN talking about how harmful the US VCs attitude is because they force good businesses into choosing between being unicorns an…
For the last 20 or 25 years the UK has been coasting on the North Sea oil&gas money, I'd say that worked up until the early 2010s, and then on the almost complete financialization of its economy and on selling out whatever pieces of the economy could still be sold out (that includes part of their beloved NHS). But that can only work for so long and is beneficial in the medium to long-term for a very limited number of…
> that includes part of their beloved NHS
A more severe problem is that the NHS was debt funded (mostly through off balance sheet debt) in the 2000s. The government kept their promise not to increase national debt by disguising running up disguised debt in the NHS
Its also worth noting that a large chuck of NHS services, GP services in particular, were always subcontracted to private providers.