Four things that they don’t have the votes for, so how dare them try to fix something else that has serious issues
Four things that they don’t have the votes for, so how dare them try to fix something else that has serious issues
Startups need a lot of capital flowing in because they don’t turn a profit early on. Traditional smaller businesses usually don’t have this sort of funding because the reward is lower. With tech, there’s a strong chance that company could become public or could get bought out. Or it could stay private and eventually become profitable. Regardless, they need investments made so they can continue to operate to eventually deliver a valuable product that will possibly offer significant returns to the investors.
The pandemic happened, which led to several outcomes. For one, a lot of boomers retired. Boomers were earning a lot of money. Then they stopped earning money and started dipping into their savings. This had a strong reaction. Capital became more scarce. Don’t believe me? Look at what banks are paying for 12-month CDs and the interest rates in savings accounts. It’s insanely high compared to two or three years ago.
This trend likely won’t last forever. Gen Xers and millennials have been moving into vacated roles by the boomers and are now earning more than before. They’re able to generate excess capital that investors can use to fund startups. There’s no shortage of innovative ideas in the western world, but there is a shortage of capital.
Not every county in the west is going to recover the same way. The boomer generation is the largest generation in history. Not every country kept having kids at a relatively similar pace. Typically, developing countries have much higher population growth. As countries industrialize, we see certain trends like both men and women joining the workforce and people moving to the cities for work. People generally have fewer kids with these trends as they are more focused on their careers and have less room to raise them. Nobody wants to raise a child in a one-bed apartment!
The United States is one of the rare exceptions. With a trend of consistent domestic population growth and immigration, the U.S. has avoided the fallout from rapid industrialization. Because of that, we’re seeing some interesting trends:
Under Biden, the post-pandemic POTUS, the U.S. has entered a prolonged period of rapid onshoring of manufacturing jobs. The addition of factories, distribution centers, and more have been increasing exponentially.
Germany, Italy, South Korea, Japan, and other similar economies have seen the impacts of a shrinking younger population and a ballooning senior population. These nations will likely keep the design of their products onshore, but will send manufacturing offshore. The U.S. and Mexico are the biggest winners here, but Mexico is at a disadvantage compared to the U.S. due to a greater difficultly in maintaining infrastructure.
Emerging technologies make the production of goods in the U.S. more feasible. Advancements in AI, robotics, and renewable energy will make production in the U.S. more logical despite the higher wages its workers command because less workers will be needed, or other savings in the realm of security, stability, and access to transportation infrastructure offset that factor.
There will not only be excess capital generation in the U.S., but there will also be excess capital flowing into the U.S. It’s also not to say that tech jobs will never recover outside of the U.S., but the reality is that we are in a capital shortage for a specific, acute reason. Less people of working age able to not only fill the vacated roles left by boomers, but also difficultly in paying the pensions and benefits offered to retirees. This will dry up even more capital in those particular nations.
Tech jobs have always been finicky. That won’t change going forward. But if you’re in the U.S., there’s a strong chance you’ll see things bounce back quicker than they will in other countries.
Mastodon logo looks like a happy comma
Pretty cool how thinking like this is what led to the fall of abortion right. Cool cool cool. Very neat.
Those that live on the fringes of both sides of the political spectrum. Mostly far-right conservatives, but also some non-pragmatic libertarians and anarchists
Reagan has been absolutely catastrophic for the United States. The amount of debt that we have would never have happened had he not basically ended taxes for the top bracket. Should taxes have been lowered? Sure. But by like, 40%? God no. The budget cuts fundamentally changed the nation.
And yet, compared to Trump, he’s like this ideal Republican candidate who at least wouldn’t abandon geopolitical allies while fucking over the working class and the lower class. It’s just insane how far the GOP has fallen and it’s even crazier how so many still think they’re not doing enough.
Fuck Christian fundamentalists and fuck anti-government zealots who want to defund the government and everything it provides for those that need its assistance.
I would love to see Biden nationalize Starlink.
The only correct option here.
Look, we probably agree on a ton of things but I’m not a Marxist or socialist and I’m familiar with the outlet. Liberalism is perfectly fine in my book, but even that’s too extreme for most conservatives. So it’s a little frustrating that liberalism can barely get off the ground in America because of a constant barrage by rightwing radicals, and then it’s getting tugged down on the other end by marxists. The last President with a budget surplus was Clinton. Budget surpluses are the first step towards paying for more social programs that we both champion. But that won’t happen as long as Republicans have control because they will always stand for large tax cuts and bending over backwards for corporations
You’re so wrong it’s hilarious. Fuckin idiot, my guy
Oh shut the fuck up. If Dems weren’t being obstructed by the GOP, we wouldn’t have most of the issues we have. Why don’t we ensure the GOP stays down and then you can work on reforming the Democratic Party.
It’s not a subsidy for a processed meal, it’s more about how we’re subsidizing the shit out of the domestic meat industry so burgers are artificially cheap
Yeah we’re a fat as fuck country. There’s obviously a nightmare scenario because of our shit-tier healthcare system, but at the end of the day, it’s because people don’t willingly eat healthy because there’s an abundance of cheap, greasy food.
Bro we’re living shorter lives because of TOO MUCH bread. Heart disease and diabetes is wrecking the shit out of Americans
So is the meme about the U.S. switching to the USSR because the U.S. ran out of food to provide to people like what literally happened in the USSR?
The game has a minor character who is trans too. It uses the world she invented but does not borrow her real world views
I thought we were all looking at the same 10 posts here!
This is exactly how it feels 😂 compared to Reddit, I actually really enjoy that. This still has a cozy community vibe, kinda like Reddit did back in 2012 or 2013. Then it all just kinda fractured. Not really a bad thing, as Reddit hosts so many close community, but I do miss how it felt in its earlier years where the entire site had this kinda kindred feeling about it.
I hope we all get to experience this more one day when we completely bungle an attempt to correctly identify a domestic terrorist
It’s funny they’re still boycotting the NFL. They all supposedly finished boycotting it during the kneeling and BLM controversies that occurred years ago.
They’re essentially opting out of all of the cultural ties they had to America at large. They only want to associate with their own cultists. Aside from the irony of them creating a safe space, they’re also creating a breeding ground for militants and extremists. It’s no surprise we had a guy chop his dad’s head off for being a government employee.
This is a good thing. Competition with the USSR made NASA what it is.