william the wie
Gold Member
- Nov 18, 2009
- 16,667
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Trump and Sanders think they can bring back good jobs to the US but three things say no:
1) The Japanese model of rapid development does work within its limits, which are pretty rigid:
Birthrates must be artificially reduced and particularly female births must be reduced. This will increase the Labor force fraction until the resulting higher incomes cause a massive surplus of retirees and the country stalls as is happening in China right now.
Only so many people/countries can use this model at the same time. India and Brazil are the two most likely countries to be the next Japan/China. There will be more countries after them so this trend will not slow down.
As the transition to a pensioner society hits so does automation. Beating foreign workers is one thing trying to beat an automated assembly line with anything but an automated assembly line does not work.
2) The golden parachutes for the bureaucracy is in academia. This results in the oddity of Harvard being considered the best college in the country when by most metrics it is not even the best college in Boston. That honor goes to MIT. Harvard is best known tor its law and business schools. MIT is best known as an engineering school. Most bureaucrats are not engineers. Therefore a lot of propaganda to promote worthless degrees and massive student debt has created a huge drag on job creation.
3) Debt in general and deflation being imported from the EU and Far East is another huge drag on the economy and job creation. The still massive housing debts prevent people from going to where the jobs are.
Therefore all this hob creation crap is just that, crap.
1) The Japanese model of rapid development does work within its limits, which are pretty rigid:
Birthrates must be artificially reduced and particularly female births must be reduced. This will increase the Labor force fraction until the resulting higher incomes cause a massive surplus of retirees and the country stalls as is happening in China right now.
Only so many people/countries can use this model at the same time. India and Brazil are the two most likely countries to be the next Japan/China. There will be more countries after them so this trend will not slow down.
As the transition to a pensioner society hits so does automation. Beating foreign workers is one thing trying to beat an automated assembly line with anything but an automated assembly line does not work.
2) The golden parachutes for the bureaucracy is in academia. This results in the oddity of Harvard being considered the best college in the country when by most metrics it is not even the best college in Boston. That honor goes to MIT. Harvard is best known tor its law and business schools. MIT is best known as an engineering school. Most bureaucrats are not engineers. Therefore a lot of propaganda to promote worthless degrees and massive student debt has created a huge drag on job creation.
3) Debt in general and deflation being imported from the EU and Far East is another huge drag on the economy and job creation. The still massive housing debts prevent people from going to where the jobs are.
Therefore all this hob creation crap is just that, crap.