681–690 of 711 posts
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and what effect has that had on drug prices in the us compared to other countries?
Actually, the Part D plans have been able to get better prices than commercial payers. So I'd say it worked pretty well.
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I think the next couple of weeks are going to be eye opening - we're going to get a lot of reports of deaths, even of the young and healthy, which we're already seeing. That should steel the collective resolve to last a while here. People are talking of lifting the restrictions and our collective endurance and things have barely gotten going. It's really complaining about the length of the red light when it's just tu…
Got any data to support your claim, otherwise I could argue that risk factors, 60+, immunocompromised are the MAJOR concerns as stated above. Looking to Italy and Spain seems to confirm this view.
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Unemployment benefits are handled by the states, not by the federal government.
In Canada, it isn't. The parent's username suggests they talkin about the CAN. https://www.canada.ca/en/services/benefits/ei.html In the US, though, it's by-state.
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Your hatred of lean is confusing, Companies exist to make money why would they hold extra inventory ?
Companies are merely one part of society. Why does society exist?
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Companies are merely one part of society. Why does society exist?
Huh? What does that even mean? I'm replying specifically to the notion that lean manufacturing is a bad thing
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Yes. His point is that game theory and economic principles favour the leaner, therefore every company moves to max. efficiency with JIT supply chains and max leverage. The only way around this is regulation if we want to be able to withstand crises _without_ bailouts. That's currently not the situation, which is why bailouts happen.
It’s not just game theory, it’s actual real world efficiency. Which translates into jobs and salaries. Reducing baseline capital efficiency drives up all baseline costs. These costs are passed on to consumers and act as a drag on the economy. It would make no sense to do that in response to a black swan event. Let’s say small business has to keep 6 months of expenses in reserve instead of the typical 3 months rule of…
The price does _not_ "trickle down" to consumers or employees until it has to. Again, theory: why would a company give away free money?
Anecdotal but my company is hiring 2x support and 2x QA, yesterday alone we went from receiving 5-10 applicants a day to 53. I just got into work and there is already 21 from last night.
Just curious, did your company get an essential business exemption from any stay at home orders?
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1. The supposedly superior Chinese system is largely responsible for the outbreak being as bad as it is. Never mind the initial coverup and lies about the nature of the disease, their allowance of those horrifically unsanitary wildlife markets is crime enough. 2. I'm wondering what makes you think the US is incapable of adapting. Will we ever be able to do a China-style lockdown? Probably not, but that's a feature no…
1. China’s early failures were quickly remedied. They enacted a massively costly economic shutdown early, and bought the west weeks or months. What did we do with that bought time? We wasted it by denying the threat, failing to stockpile, and ultimately doing the exact same thing China did (trying to suppress news of it from the top). At least in the US a select few Republicans were able to profit off this, so I gues…
US adaptation will take the form of putting systems in place to prevent a re-occurrence. Of course we move too slow in the initial crisis, we always have. Any democracy moves slower than an authoritarian dictatorship in the moment, that's one of the trade-offs. It's frustrating, but a natural feature of the system, and pays dividends in the long-term.
China's trajectory over the past 15 years has been providing cheap labor to be the world's workshop. But that labor is no longer as cheap, automation continues to advance, and companies were already relocating their supply chains due to political/economic/IP theft concerns, Samsung being the most notable example. Now this? There will be a surge.
That and the Chinese's government's bottomless-loans-as-political-favor policy can't last forever. And thanks to the one child policy they're facing a major age and gender demographic crisis. China is also dependent on imports for food and energy.
They exist in their modern form at at the pleasure of the rest of the world. The foundation for their economic miracle was the west opening them up to world trade to distance them from the Soviets, and later cheap labor. It was never anything intrinsic to China or Chinese power. The moment they try to force their will on the world they'll find their ability to do so is short-lived.
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Huh? What does that even mean? I'm replying specifically to the notion that lean manufacturing is a bad thing
You're saying companies exist to make money but an isolated factoid like that doesn't make for a productive discussion. Lean manufacturing may be good for individual corporations but it's clearly bad for society and society needs to continue existing for corporations to exist.
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You're saying companies exist to make money but an isolated factoid like that doesn't make for a productive discussion. Lean manufacturing may be good for individual corporations but it's clearly bad for society and society needs to continue existing for corporations to exist.
Tying up $ in assets that are sitting in warehouses instead of using that $ elsewhere is a not benefit to society. One premise of lean is to match variation in demand to supply as quickly as possible, you should be calling for capacity to scale production and lower lead time, not hold inventory. You might not even hold the right inventory.
How has that been working out? What happens when factory employees fall ill?