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22 years of job creation wiped out in a day

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Re: 22 years of job creation wiped out in a day

#31

On the flip side, that is one guy that created 40 000 jobs in his career so far? that is really quite amazing. If that was me I would sleep very soundly with a smile on my face. He should just get up, and do it again.

i did not creat 40,000 jobs. i was at venture firms that financed roughly 200 companies over the past 22 years that created that many jobs. it's a big difference and i want to make sure people understand that

Re: 22 years of job creation wiped out in a day

#33
post #22
post #16

Earlier quoted context omitted.

Wich also means that America has a confortable margin to improve. Their own genius lies in pragmatism, I wouldn't bet against them when necessity joins the game.

Indeed! US was a beacon of freedom before the Bush administration, together with France. Making an analogy to free software, US is BSD and France is GPL. For example France forces its citizens to be free, like a recent case denying citizenship to a very submissive Muslim-traditionalist woman as she was admittedly waiving her rights for her husband's. Also US has a gigantic human capital with well educated population.…

That's a funny kind of freedom.

Re: 22 years of job creation wiped out in a day

#34
post #24

Fred is probably underestimating the number of jobs created by companies he funded. Companies always also create jobs in peripheral industries-- in their suppliers, for example, and in industries that use whatever tools they're building. The latter was particularly obvious to us at Viaweb. Lots of people based businesses on our software.

He is also probably overestimating because he isn't including any competitors that were put out of business. That's okay, any estimate of a total number of jobs impacted is going to be fuzzy.

Re: 22 years of job creation wiped out in a day

#35
post #24

Fred is probably underestimating the number of jobs created by companies he funded. Companies always also create jobs in peripheral industries-- in their suppliers, for example, and in industries that use whatever tools they're building. The latter was particularly obvious to us at Viaweb. Lots of people based businesses on our software.

You can't inflate one number that way one without doing the same for the other. I suspect there are more peripheral jobs created per startup-job than are destroyed per manufacturing-layoff, though.

Ahh the joy of manufacturing. Each manufacturing plant pays for tons of raw materials, engineers to design the product, engineers to design the machine the workers are working, security inspectors to make sure the machines are safe, government regulators, now cascade that down to the machine makers. I haven't even got to the-general public side of things (food, shopping).

I seriously doubt that more peripheral jobs are created per startup than those destroyed per manufacturing. But hey maybe I'm biased I did grow up right outside of Detroit.

Re: 22 years of job creation wiped out in a day

#36
post #33
post #22

Earlier quoted context omitted.

Indeed! US was a beacon of freedom before the Bush administration, together with France. Making an analogy to free software, US is BSD and France is GPL. For example France forces its citizens to be free, like a recent case denying citizenship to a very submissive Muslim-traditionalist woman as she was admittedly waiving her rights for her husband's. Also US has a gigantic human capital with well educated population.…

That's a funny kind of freedom.

Not really. It's freedom defending itself. The freedom to take away your own freedom...sounds kind of silly don't you think?

Re: 22 years of job creation wiped out in a day

#37
post #12

Earlier quoted context omitted.

IMHO, solving the problem will be much harder than that. US is highly based on a plan of idealized life through media. A typical lifestyle of the suburbs: * Multiple cars per family and doing heavy commuting. * Huge houses with high bills and maintenance. * Consumerism based on filling those houses and cars with non-essential disposable items. All those millions living with that mindset apply those same rules at work…

It also isn't globally scalable -- consider the acres per person that the American lifestyle requires.

Consider the acres per person that America has.

Re: 22 years of job creation wiped out in a day

#38
post #12

Earlier quoted context omitted.

IMHO, solving the problem will be much harder than that. US is highly based on a plan of idealized life through media. A typical lifestyle of the suburbs: * Multiple cars per family and doing heavy commuting. * Huge houses with high bills and maintenance. * Consumerism based on filling those houses and cars with non-essential disposable items. All those millions living with that mindset apply those same rules at work…

It also isn't globally scalable -- consider the acres per person that the American lifestyle requires.

consider the acres per person that the American lifestyle requires.

Progressively less over time. http://www.juliansimon.com/writings/Ultimate_Resource/TCHAR2...

If Americans, engaged in their current lifestyles, constituted the entire 6.7 billion head population of the world, less land would be required than is required today.

Re: 22 years of job creation wiped out in a day

#39
post #24

Fred is probably underestimating the number of jobs created by companies he funded. Companies always also create jobs in peripheral industries-- in their suppliers, for example, and in industries that use whatever tools they're building. The latter was particularly obvious to us at Viaweb. Lots of people based businesses on our software.

You can't inflate one number that way one without doing the same for the other. I suspect there are more peripheral jobs created per startup-job than are destroyed per manufacturing-layoff, though.

One of the beauties of startups, as labeled by pg, is that they can be begun with almost no capital but time -- because they don't require almost anything in the way of external equipment & services. They can be very self-contained, rather than interdependent; no supply chain needed, etc.

So I suspect that your suspicion is wrong.

Re: 22 years of job creation wiped out in a day

#40

Earlier quoted context omitted.

Now with this crisis I get it, it never did You're summing up 50 years of post WWII history into the last 10 years? Good luck with that. The economy works just fine with hat you call "waste." Nothing humans do will ever be close to 100% efficient for any length of time. We're messy that way! The bottom line is that most people the world over will generally live just within their means (or just over if there is suffic…

Have you looked at household debt vs wage since WWII? http://en.wikipedia.org/wiki/Debt-to-income_ratio What we are seeing is the unraveling of that process -- since the 30 year fixed mortgage was widely available from the FHA and the VA, the amount of debt we've been willing to shoulder has increased over time. With increased living expenses (college costs, et cetera) and flat wages, how have americans maintained th…

i think people don't think about how easy access to loans/funds inflates the price of a good. banks were falling over themselves to give people money, and realtors were happy to take as much of it as they could; if no one has $500,000 for a house, houses aren't going to cost $500,000.
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