461–470 of 1001 posts
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India does well on software development partly on a volume basis. Their top end developers often want to move abroad for career development and earning potential. I would not be surprised if potus put tariffs on H1Bs
Wouldn't this just be income tax?
Americans need to get over their view of “Asia” as being about making shoes. When I was working in engineering in the early aughts, we mocked the Chinese as being able only to copy American technology. Today, China is competitive with or ahead of America in key technology areas, including nuclear power, AI, EVs, and batteries. We need to anticipate a future where China is equal to America on a per capita basis, but f…
The likely answer lies in the fact that this would mean China & America are both high-income countries. There are likely to be other countries looking to be "the next China" to ascend the income ladder. As is now, rich countries will outsource work to those poorer countries.
This doesn't have to be zero sum.
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China could not only be ‘equal’ but ‘better’ than the USA - we should get used to the idea. China has an average IQ of 104 out of 1.4 billion people, while the USA has an IQ of 97. In purely statistical terms, this means that the USA has around 700,000 people with an IQ >= 140. China has 11,480,000 people with this IQ. This human capital will make the difference.
IQ isn't much of a proxy for anything, especially in this context.
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China will probably be the only country that solves this.
..Any country can solve it, just incentivise families. Simple things like ensuring young people have access to affordable housing and daycare. If I was at the start of my career ladder in a major urban area now, having a family would be close to the bottom of my priority list. Its not rocket science.
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Something like a grant from the government to work on your project of interest with no expectation that it be commercially successful. You want to be an artist the government gives you a grant to support yourself while contributing to the cultural lexicon. Scarecity is manufactured today for profit and not real; nobody needs to work at a 7/11 but they are essentially trapped into those sorts of jobs because they are…
Why on Earth would taxpayers give their hard earned money to other people to work on their "projects of interest"? Scarcity is very real, I'm not sure why you would feel otherwise. Fortunately, we have largely eliminated scarcity of the necessities of life due to economic policies that are as far from your suggestions as possible, but that doesn't mean that they are produced at no cost or that scarcity in general doe…
I think the implication here is that such a society is not built on markets or even money, but rather by individuals working together to foster a collective community that meets everyone’s needs.
Yes, communism. The more advanced we become technologically the more sense it makes. We’re largely at a point where most jobs are made up - created to give people something to do because if we don’t then they die.
We’ve pushed consumerism to the absolute max. Now, most goods are pretty much worthless. But we have to buy them, or we die. That’s how markets works. We work, and we consume, or else.
That made sense when the work we were doing was beneficial and the stuff we’re consuming was needed. We’re past that now. Most people are working to produce something dumb, or worse, evil. New addictions, new poisons, new bombs, and new problems to be solved by new software.
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> Americans need to get over their view of “Asia” as being about making shoes. The vast majority of us were over that decades ago. Please catch up for the sake of all humanity.
Yesterday your vice president referred to the Chinese as "peasants".
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But look at per capita per purchasing power
Power of the purchasing power was a luxury of the US being the most desirable source of stability, creating a high demand for US securities and money. If trust in the US goes down, then so does purchasing power.
The moment oil producing gulf states decide to stop buying USD bonds, they will receive "democracy".
The whole intent to fight Iran is not only to protect Israel, but also to choke off China's major oil supplier. If Iran folds into US control, it will be easier to choke China in terms of energy supplies
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A precision injection moulding factory can (I assume) relatively quickly start producing other plastic parts for military use. Post-Brexit, there's now increased incentive for Games Workshop to build their next factory in the EU. (Games Workshop is one company, but this applies to every manufacturing company in the UK.)
Brexit is mad, driven by nostalgia etc. However, if we got a free trade agreement with the US would the inverse be true, EU companies are better off moving to the UK due to brexit? What about just a FTA with all commonwealth countries (why haven't we done this??)?
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Yes, but this will likely hurt China as well. You can't assume only the US will be hurt by this.
I don't. I'm saying all prior bets are off, though I do think US is going to be in the center of the nexus of pain, even if China is also hurt.