This is a good thing. Competition with the USSR made NASA what it is.
This is a good thing. Competition with the USSR made NASA what it is.
I’d like to also say fuck Iran and North Korea while we’re throwing fucks around
Will this change anything? Feels fruitless
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
I’m still surprised there are Soviet fans after the Soviet Union proved just show shit it was at being a functioning country
If Obamacare had 60 votes, things wouldn’t be as fucked as they are. Also, the Democrat who refused to be the 60th vote is the leader of No Labels.
It’s almost as if the Democratic Party isn’t entirely to blame when only a select few choose to basically defect to the GOP. Not only are they the reason things are so awful, but they’re also actively putting forth a 3rd party candidate so Trump can coast to a general election win.
Any data on whether or not their numbers have diminished? The GOP was never friendly towards the LGBTQ community but the attacks have ramped up significantly post-Trump
One of them on chapotraphouse said “I’m gonna vote for Trump just so see the US finally burn to the ground” and I replied “horseshoe theory: confirmed” and the mods removed my comment lmao
Because Putin is bankrolling two or three minor political parties and the front runner of a major political party. That fucking anti-war protest in DC was the dumbest shit. Yeah let’s have two political parties that agree on absolutely fucking nothing except for hating Ukraine co-host an event where Ron Paul’s bitch ass makes up stories about how congresspeople told him that they needed to start a war to fix the economy while some limpdick tankie waves the Soviet flag around in the background
I would love to see Biden nationalize Starlink.
Trump losing in November should just about do it. I don’t see how the GOP donors can keep pumping money into something that’s just not fucking working electorally.
The only correct option here.
Why would we need to build cartels and install dictators if we could just simply drone strike the opposition?
I unironically believe this too. In 2016 I was like “yeah! The deep state is bad! Fuck em! Washington doesn’t represent me!” and then, well, the last 8 years happened
Imagine who much further along the world would be if we stooped to their levels. Dictators would be extinct. Cartels wouldn’t exist. I would be erect 24/7.
Horseshoe theory is so accurate
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 think it’s something like: CCP controls what investments citizens make. CCP wants to expand infrastructure and build up a lot of properties. The company gets overfunded. CCP also implements one child policy for like, idk four decades. Not enough people to live in all the properties they built that never relied on market demand.
Probably not AI, but I assure you that a robot wrote this