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#13
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Keyser Söze wrote:
On 1/8/16 2:13 PM, Califbill wrote: Mr. Luddite wrote: On 1/8/2016 1:15 PM, Califbill wrote: Mr. Luddite wrote: On 1/8/2016 12:13 PM, wrote: On Fri, 8 Jan 2016 08:22:49 -0500, Justan Olphart wrote: O'Bama's liberals are driving us into the second recession of his ever so tedious reign as president. Join me in prayer for relief from these liberal assholes. I don't think we ever really got out of the last recession. They dumped massive amounts of federal money into the economy and made it look better but there is not really much actual growth. The employment participation rate (the number of actual jobs) is flat since 2007. It is easy to argue that "middle class" jobs have been going down since the GHWB administration. That was when the words "down sized" and "outsourced" entered the lexicon and it was in the Clinton administration when IBM had it's first layoff ... ever. (including the depression) That was when we started hearing "offshoring". That is the elephant in the room nobody will mention. Most of our growth is in construction and we have already seen that we need to limit that to need or we end up in a bubble. China is really looking at that one and their economy is suffering like ours did because they have so much "built and unsold". Everyone thinks computers will be the answer but there were more people making a good living in the computer business in 1980 than there are now. This is a "cut open the box and plug it in" business now and that is not a good living. We hear a lot about the opportunities in software but that is not an opportunity for a lot of people and those people can be in a boiler room in Bangladesh. No offense Greg and certainly not an insult but I don't think I have *ever* known anyone with a more depressing and pessimistic outlook than that you often express here. One of the strongest pillars of success is an optimistic approach to a problem or issue, even when the reasons to remain optimistic seem far and few between. I made my living in computers for 40 years. Greg is correct. When I started, we had 36 weeks of school to learn to maintain a mainframe. Plus additional weeks to learn new peripherals. These were discrete transistor systems. The NCR-315 computer I started with filled a room, just like an IBM 1401. 20 years later, the NCR 605 mini controller was released pretty much a 315 on 4 boards. Integrated circuits. Send out an FE with 4 boards and he could swap on the system. Now you had 2 weeks training, and 20% of the manpower requirement. Outsourcing was accelerated by minimum wage / living wages requirements. We priced our uneducated labor out of the market. When I worked for Maxtor in the early 90's, cost us $3.50 an hour fully bundled labor cost to run a headstack assembly factory in Penang, Malaysia. About $35 here. 10x the cost. In the 60's was probably a 3x cost factor. Plus in the 50-60's, US high school graduates could actually read and write and add and subtract. Now we have high wages for minimal jobs and graduates who are uneducated. Next time you go to a fast food place, look at the person making change. If American. They struggle. Here the Mexican worker can even make change if you add a couple cents to round out the amount. We are in deep **** here. Exorbitant debt we are piling on our grandkids. And no smokestack industries to employ the majority of the workers. We pay more to a local bus driver here than to a teacher with a masters. As to Silicon Valley, they bring in India and China workers for less than we pay the bus driver. Hyper loop is hype. Governor Brown has pushed through a high speed rail project for California. Price has. Already tripled and cost to go to Los Angeles on a subsidized train is going to be more than buying an airplane ticket. 40 years ago I made a living fixing devices that operated with vacuum tubes. Not much call for it now other than the occasional guitar amp. :-) What replaced those jobs? Even a lot of of those Vacuum tubes devices were repaired via taking the tubes down to local multipurpose store with a tube tester. We are probably going to,see a massive depression, even without a religious war being expanded, because we overspend. 40% of our government spending is borrowed or printed money. We have promised huge pension dollars to government employees without funding them now like a private pension would be. Where are the jobs to support this debt we will need to service? I Think this debt service will be more akin to a bull servicing a cow, to the public having to pay. Unfortunately, not that many pensions in the private sector are properly/fully funded. I served on my local union's pension fund board for two terms, and our regs then and now required *no* unfunded/underfunded liabilities, which is the way a pension should be run. One thing to keep in mind...those right-wing politicians who claim the government is "after your guns" are the very same politicians who actually are coming after your Social Security. Even badly funded private pensions, and even a few underfunded union pension funds are a hell of a lot more solvent than government pension funds. Is why Stockton, California declared bankruptcy. As well as several other major cities wanting to do the same thing. And Social Security is now considered a retirement plan. When did we fund it enough to support such? Both parties and independents are going to have to,address SS in a very short time. |
#14
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Justan Olphart wrote:
On 1/8/2016 1:44 PM, John H. wrote: On Fri, 8 Jan 2016 10:15:27 -0800, Califbill billnews wrote: Mr. Luddite wrote: On 1/8/2016 12:13 PM, wrote: On Fri, 8 Jan 2016 08:22:49 -0500, Justan Olphart wrote: O'Bama's liberals are driving us into the second recession of his ever so tedious reign as president. Join me in prayer for relief from these liberal assholes. I don't think we ever really got out of the last recession. They dumped massive amounts of federal money into the economy and made it look better but there is not really much actual growth. The employment participation rate (the number of actual jobs) is flat since 2007. It is easy to argue that "middle class" jobs have been going down since the GHWB administration. That was when the words "down sized" and "outsourced" entered the lexicon and it was in the Clinton administration when IBM had it's first layoff ... ever. (including the depression) That was when we started hearing "offshoring". That is the elephant in the room nobody will mention. Most of our growth is in construction and we have already seen that we need to limit that to need or we end up in a bubble. China is really looking at that one and their economy is suffering like ours did because they have so much "built and unsold". Everyone thinks computers will be the answer but there were more people making a good living in the computer business in 1980 than there are now. This is a "cut open the box and plug it in" business now and that is not a good living. We hear a lot about the opportunities in software but that is not an opportunity for a lot of people and those people can be in a boiler room in Bangladesh. No offense Greg and certainly not an insult but I don't think I have *ever* known anyone with a more depressing and pessimistic outlook than that you often express here. One of the strongest pillars of success is an optimistic approach to a problem or issue, even when the reasons to remain optimistic seem far and few between. I made my living in computers for 40 years. Greg is correct. When I started, we had 36 weeks of school to learn to maintain a mainframe. Plus additional weeks to learn new peripherals. These were discrete transistor systems. The NCR-315 computer I started with filled a room, just like an IBM 1401. 20 years later, the NCR 605 mini controller was released pretty much a 315 on 4 boards. Integrated circuits. Send out an FE with 4 boards and he could swap on the system. Now you had 2 weeks training, and 20% of the manpower requirement. Outsourcing was accelerated by minimum wage / living wages requirements. We priced our uneducated labor out of the market. When I worked for Maxtor in the early 90's, cost us $3.50 an hour fully bundled labor cost to run a headstack assembly factory in Penang, Malaysia. About $35 here. 10x the cost. In the 60's was probably a 3x cost factor. Plus in the 50-60's, US high school graduates could actually read and write and add and subtract. Now we have high wages for minimal jobs and graduates who are uneducated. Next time you go to a fast food place, look at the person making change. If American. They struggle. Here the Mexican worker can even make change if you add a couple cents to round out the amount. We are in deep **** here. Exorbitant debt we are piling on our grandkids. And no smokestack industries to employ the majority of the workers. We pay more to a local bus driver here than to a teacher with a masters. As to Silicon Valley, they bring in India and China workers for less than we pay the bus driver. Hyper loop is hype. Governor Brown has pushed through a high speed rail project for California. Price has. Already tripled and cost to go to Los Angeles on a subsidized train is going to be more than buying an airplane ticket. Well by golly, that's a lot of *good* news! -- Ban idiots, not guns! I hope California rail will be safer than The new Sun Rail project in Florida. Sun Rail is killing drivers at about one crash per week. And that's not even a high speed system. If the train to nowhere ever gets built, it will not have car train crashes as all crossing will be over or under, not across. |
#15
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On Fri, 8 Jan 2016 13:35:54 -0500, "Mr. Luddite"
wrote: 40 years ago I made a living fixing devices that operated with vacuum tubes. Not much call for it now other than the occasional guitar amp. :-) The problem is we built a middle class on those kinds of jobs and the new economy has not replaced them with anything comparable. The good middle class job simply does not exist these days in the numbers that we need to employ the number of people we have. Government is not going to fix that. It needs to happen in the private sector and that is not what the private sector does in a global economy with global communication. Dilbert can be in Mumbai now and do the same job he did in an office in California. |
#16
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On Fri, 8 Jan 2016 11:13:01 -0800, Califbill billnews wrote:
40 years ago I made a living fixing devices that operated with vacuum tubes. Not much call for it now other than the occasional guitar amp. :-) What replaced those jobs? Nothing. The jobs are just gone because it is cheaper to cut open the box and plug in a new one from China than to fix the old one. I remember when there was a TV repair shop in every strip mall and now TVs are "Bic lighters". If they break, you throw them away if they are off warranty. If they are on warranty, they give you a new one. Computers are the same way and really started being like that in the 80s. It is why I migrated from fixing hardware to fixing "processes". |
#17
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On Fri, 8 Jan 2016 14:23:49 -0500, Justan Olphart
wrote: I hope California rail will be safer than The new Sun Rail project in Florida. Sun Rail is killing drivers at about one crash per week. And that's not even a high speed system. Yeah that is why "all aboard" (the east coast "speedy" train project) is such a joke. They actually want to try to run a somewhat high speed train from Miami to Port Canaveral and on to Orlando using the existing creaky old freight right of way. They have about 1000 grade crossings. The only saving grace is Disney really only wants the part from O town to Port Canaveral where their ships dock and they can run down the Bee Line. The rest is just another dream with a few people hoping to get rich off federal money if they can get it. |
#18
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On Fri, 8 Jan 2016 20:16:49 -0800, Califbill billnews wrote:
Unfortunately, not that many pensions in the private sector are properly/fully funded. I served on my local union's pension fund board for two terms, and our regs then and now required *no* unfunded/underfunded liabilities, which is the way a pension should be run. One thing to keep in mind...those right-wing politicians who claim the government is "after your guns" are the very same politicians who actually are coming after your Social Security. Even badly funded private pensions, and even a few underfunded union pension funds are a hell of a lot more solvent than government pension funds. Is why Stockton, California declared bankruptcy. As well as several other major cities wanting to do the same thing. And Social Security is now considered a retirement plan. When did we fund it enough to support such? Both parties and independents are going to have to,address SS in a very short time. SS is not really funded at all beyond what the workers are putting in now and that is inadequate to pay the benefits, It is a classic pyramid scam that has reached the point where there are not enough new members to pay the old members. |
#19
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#20
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