Their study used "synthetic" models, that is to say, they dry-labbed it. At school and work you get quickly dismissed for such shenanigans, at any level of such behavior. Apparently if you call attention to your having synthesized your data from whole cloth because it was the only way to get your commercial sponsors the results they wanted, even the "geniuses" at slashdot fall for it. I guess being good at programming, does not also come with the ability to think critically in topics outside of programming (like chess-playing).
Nevertheless, one implication of the Laffer curve is that increasing tax rates beyond a certain point is counter-productive for raising further tax revenue, and conversely that at some levels, decreasing rates may actually improve revenues. Certainly the same logic applies to wages, in that a minimum wage of 10k/minute means no one gets hired and $0.01/week means some people might be taken advantage of. But it is impossible to know that a minimum wage of X is the "best" wage.
On the other hand, government is not necessarily trying to maximize revenue with taxes, sometimes government is just trying to punish some behaviors and reward others based on what is in favor or disfavor at the time. One might say the same thing about minimum wages, in that governments are not actually interested in helping workers so much as they are happy to punish businesses, or at least be seen as "doing something" even if it has negative consequences.
The Laffer Curve applies to taxation and taxation alone. Your phony attempt to apply it to wages is laughable and transparently lame. If you are going to attempt to endow your fantasies with an aura of credibility, you'll have to troll better than that. Start by establishing a firm theoretical and better yet empirical basis for your arguments.
That is irrelevant. The salient fact is that higher wages make for better employees and a better economy. It metaphorically raises the tide for the boats that previously had been moored to a now deeply underwater dock. Unless you've lived in poverty, you don't understand the problems that come with it. So, don't be a dick to the people that serve your food, you evil fat-fuck.
Yeah, and Reagan (the alzheimer's poster geriatric-boy) is somehow the patron saint of the morons who fantasize that they are fiscally conservative and that their trickle-down economics bullshit is going to somehow work. They just think they haven't concentrated the top highly enough and as soon as they do it will be rainbows and unicorns for everyone. They are literally as bad as the communist idealists, possibly worse as they may actually be actively evil.
So, it sounds like you agree. The tax rules have driven the insane level of wealth inequality and income disparity. That and the view that all employees should not be seen as part of the company. Hopefully some equally charismatic genius will help turn the ship around and lead to more in-sourcing of non-core functions. However, that still isn't going to bring back the jobs that automation is destroying and will continue to destroy at an ever-increasing pace. It would be nice if we could bring back secretary pools. I think Engineers spend way too much time fiddling with formatting of word/visio/powerpoint documents. Unfortunately (at least at the very large company where I work) those kinds of costs aren't captured.
Agreed. So, where will all these people with ready cash for buying the products get their cash from? You no doubt understand that there must be a significant volume of people making purchases so it can't be the 1% which sustain these factories. How will a significant portion of the 99% be able to make purchases when we reach this "next level" of which you speak? What is this next level? How does the transition to it begin and how do we all get the signal that we need to move to it? What or who makes the first moves?
That's easy. We just tax the 1% and redistribute the money to everyone else. Then everyone will have lots of money to buy stuff.
Yeah, the 1% will readily give up their massive wealth without a fight. Maybe after we get the guillotines nice and broken in, maybe then they'll agree. I say we tax them at about a 99.99% rate on earnings and wealth, that ought to be about right. Is that roughly in line with what you were thinking?
Services. The US economy is 80% service based. It may sound silly but this is probably sustainable as people specialize more they will hire other people to do the tasks those people have specialized in.
So, you're saying it's turtles all the way down? It was silly at holding up the earth and it is silly in this context. At some point, someone has to have a real job that produces something to earn money.
The automated factories will still require techs to service them, programmers to automate them, people to upgrade them, scientists to improve them. Etc, etc, etc.
This argument neglects the basic fact that virtually all jobs can and will be automated away. Service techs? Yes, automated away. Programmers? Yes, automated away. Upgrades, same. Scientists, yes, automated away by increasingly self improving and creative AI. Self-awareness is not a requirement for creative thinking or for inventing.
One of the prime examples is the automotive sector when in the past when automation deployed into the auto factories it displaced large numbers of low pay repetitive labor and created a smaller number of much higher paid jobs services the automation. These higher paid individuals now can afford more and the low skill jobs move to services for these higher paid people. In the end everyone still had jobs but the price was the unskilled labor often saw their wages fall. The days of unskilled labor earning as much as highly skilled professional type jobs is frankly over.
Those prime examples were earlier on. In this new paradigm, the jobs that the factory workers went to are now disappearing, jobs disappear en-masse at the high and low ends. The new examples leave no stone unturned in the relentless and merciless drive toward automation. Read "Rise of the Robots" for a detailed exposition of what we are faced with. In short: the jobs, they're all going away, now what?
With the pace of technology given what it is, even body parts won't be worth much for long. Also, the obese type 2 diabetics who are most likely to need organ transplants are mostly the poor who got obese by eating a high-carb (cheap) diet. They aren't going to be able to pay a decent price for kidneys or livers. Or eyballs if that were a feasible transplant. Yes, there are rich fat-fucks like tRumpF around but he is clearly not a person who makes good life choices at any level.
Artists, scientists, doctors to will be automated away. Now what've you got pal?
Factories aren't needed to produce one-off products, those are mainly artisanal, cottage manufacturers. So essentially, factories will become obsolete if there aren't masses of people ready, willing, and _able_ to make purchases.
No matter the supplier etc jobs, the bottom line is that 986 jobs don't exist that otherwise would. Those other jobs too will be or have been automated away, or still exist, regardless, they are irrelevant to the topic at hand.
Also, in such environment --- nobody will get rich selling the spoils from their factories, unless there's an economy of people to buy their products (If not, then the price will go down, until it approaches the now lower marginal cost of production which has been reduced due to the lower labor requirement).
Agreed. So, where will all these people with ready cash for buying the products get their cash from? You no doubt understand that there must be a significant volume of people making purchases so it can't be the 1% which sustain these factories. How will a significant portion of the 99% be able to make purchases when we reach this "next level" of which you speak? What is this next level? How does the transition to it begin and how do we all get the signal that we need to move to it? What or who makes the first moves?
We need to fight for those 14 jobs! We need companies like these! We should give them like 14 million dollars in tax breaks per year so we can have 14 jobs that pay 75K per year. Bring jobs back! Or we can do something reasonable and start planning on a very generous Universal Basic Income.
By Olaf Stapledon. I think it was originally written in Russian. It is sci-fi, political, sociological treatise that spans aeons. The pace is mind-bending, crawling during the current era then picks up and starts taking huge time leaps but pauses to visit certain epochs. I believe it is an epic pair of books and should be on any proper nerd's "Yeah! Of course I've read that" list.
Features the IT team at a medium sized company. They are led by a clueless CEO, who is as pointy-haired a boss as they come. The IT team manager is clueless but makes the best of her tiny team of unmotivated but probably overqualified IT staff.
A tech conglomerate featuring an exec who is in charge of a team of scientists, their adventures, feelings, diversions. It is hilarious, I like that the characters are somewhat believable and the nerds are largely the most likeable of the lot.
That is an interesting thought, however, that would require a minimum of two brain cells working together for more than 15 seconds at a time. tRumpF has not shown the ability to maintain a coherent thought for an entire sentence, let alone 15 seconds. Tactical, let alone strategic, thinking is clearly not the big fat oompa-loompa's strength. Sorry, I don't buy it, he's not intelligent enough to be "crazy like a fox", so, no. Nice, optimistic thought, keep on hoping.
OTOH, what you also seem to be suggesting is that he's a homegrown terrorist. We, as a country, live in constant fear of what idiotic thing he's going to do next, or has just done.
I subscribe more to this notion (tRumpF is literally dumb enough to be POTIGG):
President of the Imperial Galactic Government
The President is very much a figurehead - he wields no real power whatsoever. He is apparently chosen by the government, but the qualities he is required to display are not those of leadership but those of finely judged outrage. For this reason the President is always a controversial choice, always an infuriating but fascinating character. His job is not to wield power but to draw attention away from it.
An orange sash is what the President of the Galaxy traditionally wears.
On those criteria Zaphod Beeblebrox is one of the most successful Presidents the Galaxy has ever had. He spent two of his ten Presidential years in prison for fraud. Very very few people realize that the President and the Government have virtually no power at all, and of these very few people only six know whence ultimate political power is wielded. Most of the others secretly believe that the ultimate decision-making process is handled by a computer. They couldn't be more wrong.
I saw your comment and some earlier similar ones. Maybe not from you but definitely Americans who use these statistics use them to drive home the (incorrect) point that "the minorities" are dragging down the nation due to their lower innate intelligence. I lumped you in with them. I think I was already pissed about seeing this shit earlier and didn't read too carefully. I should go back and respond on the other thread I read.
I sort of apologize but I still don't get the point you were trying to make. You lump Asians and Whites in the cities together, and Blacks and rural people in another group, what is that about or meant to illustrate?
Gillette Sensor compatible cartridges from a different company. Inconceivable!?
I did say the interface could not be patented, the interface is where the handle attaches to the blades. The easy to manufacture, easy to use, reduced complexity (of the cartridge) are irrelevant as regards the ability to connect and interface to a handle. I tried to find evidence to bolster my claim that mechanical interfaces cannot be patented but came up empty.:-(
This speaks more to long-standing racial inequalities in the treatment of minorities than anything else, such as the racial ability you are trying to imply. When your family gets put in jail over "crimes" created to punish minorities such as marijuana usage (knocks down blacks and browns), crack cocaine usage (again, blacks and browns but mostly blacks). When your way-back inheritance consists of not-a-fucking-thing while some dead-stupid fuck gets to inherit the family negroes and some land, hmm someone magically does better in life. Must be all that inherent talent.
Try living in the ghetto, in a crowded, overheated, or freezing apartment with neighbors crammed around you like rats. See how well you can focus when all you hear at night are screams, and moans, and cars and sirens. Let me know how positive an outlook you'll develop when your dad is due to be out in 7 years with good behavior for the horrid crime of slinging some dope to try to feed the family.
Fuck all of y'all and your racist, thoughtless statistics.
Protectionism and sabotage of competition are key components needed to develop a local economy. The US did to great success, it was only when the free trade corporatist baboons took the helm that the US started (and hasn't stopped) falling behind. Now China is doing it and, predictably, it is working gangbusters for them.
Slashdot Mirror
Their study used "synthetic" models, that is to say, they dry-labbed it. At school and work you get quickly dismissed for such shenanigans, at any level of such behavior. Apparently if you call attention to your having synthesized your data from whole cloth because it was the only way to get your commercial sponsors the results they wanted, even the "geniuses" at slashdot fall for it. I guess being good at programming, does not also come with the ability to think critically in topics outside of programming (like chess-playing).
Nevertheless, one implication of the Laffer curve is that increasing tax rates beyond a certain point is counter-productive for raising further tax revenue, and conversely that at some levels, decreasing rates may actually improve revenues. Certainly the same logic applies to wages, in that a minimum wage of 10k/minute means no one gets hired and $0.01/week means some people might be taken advantage of. But it is impossible to know that a minimum wage of X is the "best" wage.
On the other hand, government is not necessarily trying to maximize revenue with taxes, sometimes government is just trying to punish some behaviors and reward others based on what is in favor or disfavor at the time. One might say the same thing about minimum wages, in that governments are not actually interested in helping workers so much as they are happy to punish businesses, or at least be seen as "doing something" even if it has negative consequences.
The Laffer Curve applies to taxation and taxation alone. Your phony attempt to apply it to wages is laughable and transparently lame. If you are going to attempt to endow your fantasies with an aura of credibility, you'll have to troll better than that. Start by establishing a firm theoretical and better yet empirical basis for your arguments.
That is irrelevant. The salient fact is that higher wages make for better employees and a better economy. It metaphorically raises the tide for the boats that previously had been moored to a now deeply underwater dock. Unless you've lived in poverty, you don't understand the problems that come with it. So, don't be a dick to the people that serve your food, you evil fat-fuck.
your momma's a twat
Yeah, and Reagan (the alzheimer's poster geriatric-boy) is somehow the patron saint of the morons who fantasize that they are fiscally conservative and that their trickle-down economics bullshit is going to somehow work. They just think they haven't concentrated the top highly enough and as soon as they do it will be rainbows and unicorns for everyone. They are literally as bad as the communist idealists, possibly worse as they may actually be actively evil.
So, it sounds like you agree. The tax rules have driven the insane level of wealth inequality and income disparity. That and the view that all employees should not be seen as part of the company. Hopefully some equally charismatic genius will help turn the ship around and lead to more in-sourcing of non-core functions. However, that still isn't going to bring back the jobs that automation is destroying and will continue to destroy at an ever-increasing pace. It would be nice if we could bring back secretary pools. I think Engineers spend way too much time fiddling with formatting of word/visio/powerpoint documents. Unfortunately (at least at the very large company where I work) those kinds of costs aren't captured.
Agreed. So, where will all these people with ready cash for buying the products get their cash from? You no doubt understand that there must be a significant volume of people making purchases so it can't be the 1% which sustain these factories. How will a significant portion of the 99% be able to make purchases when we reach this "next level" of which you speak? What is this next level? How does the transition to it begin and how do we all get the signal that we need to move to it? What or who makes the first moves?
That's easy.
We just tax the 1% and redistribute the money to everyone else. Then everyone will have lots of money to buy stuff.
Yeah, the 1% will readily give up their massive wealth without a fight. Maybe after we get the guillotines nice and broken in, maybe then they'll agree. I say we tax them at about a 99.99% rate on earnings and wealth, that ought to be about right. Is that roughly in line with what you were thinking?
Services. The US economy is 80% service based. It may sound silly but this is probably sustainable as people specialize more they will hire other people to do the tasks those people have specialized in.
So, you're saying it's turtles all the way down? It was silly at holding up the earth and it is silly in this context. At some point, someone has to have a real job that produces something to earn money.
The automated factories will still require techs to service them, programmers to automate them, people to upgrade them, scientists to improve them. Etc, etc, etc.
This argument neglects the basic fact that virtually all jobs can and will be automated away. Service techs? Yes, automated away. Programmers? Yes, automated away. Upgrades, same. Scientists, yes, automated away by increasingly self improving and creative AI. Self-awareness is not a requirement for creative thinking or for inventing.
One of the prime examples is the automotive sector when in the past when automation deployed into the auto factories it displaced large numbers of low pay repetitive labor and created a smaller number of much higher paid jobs services the automation. These higher paid individuals now can afford more and the low skill jobs move to services for these higher paid people. In the end everyone still had jobs but the price was the unskilled labor often saw their wages fall. The days of unskilled labor earning as much as highly skilled professional type jobs is frankly over.
Those prime examples were earlier on. In this new paradigm, the jobs that the factory workers went to are now disappearing, jobs disappear en-masse at the high and low ends. The new examples leave no stone unturned in the relentless and merciless drive toward automation. Read "Rise of the Robots" for a detailed exposition of what we are faced with. In short: the jobs, they're all going away, now what?
With the pace of technology given what it is, even body parts won't be worth much for long. Also, the obese type 2 diabetics who are most likely to need organ transplants are mostly the poor who got obese by eating a high-carb (cheap) diet. They aren't going to be able to pay a decent price for kidneys or livers. Or eyballs if that were a feasible transplant. Yes, there are rich fat-fucks like tRumpF around but he is clearly not a person who makes good life choices at any level.
Artists, scientists, doctors to will be automated away. Now what've you got pal?
Factories aren't needed to produce one-off products, those are mainly artisanal, cottage manufacturers. So essentially, factories will become obsolete if there aren't masses of people ready, willing, and _able_ to make purchases.
When will retirement kick in? I'd hate to see a 90 year old prostitute, male or female.
No matter the supplier etc jobs, the bottom line is that 986 jobs don't exist that otherwise would. Those other jobs too will be or have been automated away, or still exist, regardless, they are irrelevant to the topic at hand.
Thanks! Good relevant info! Amazingly, your comment only rated a 2, where are the effing moderators?
Also, in such environment --- nobody will get rich selling the spoils from their factories, unless there's an economy of people to buy their products (If not, then the price will go down, until it approaches the now lower marginal cost of production which has been reduced due to the lower labor requirement).
Agreed. So, where will all these people with ready cash for buying the products get their cash from? You no doubt understand that there must be a significant volume of people making purchases so it can't be the 1% which sustain these factories. How will a significant portion of the 99% be able to make purchases when we reach this "next level" of which you speak? What is this next level? How does the transition to it begin and how do we all get the signal that we need to move to it? What or who makes the first moves?
We need to fight for those 14 jobs! We need companies like these! We should give them like 14 million dollars in tax breaks per year so we can have 14 jobs that pay 75K per year. Bring jobs back! Or we can do something reasonable and start planning on a very generous Universal Basic Income.
By Olaf Stapledon. I think it was originally written in Russian. It is sci-fi, political, sociological treatise that spans aeons. The pace is mind-bending, crawling during the current era then picks up and starts taking huge time leaps but pauses to visit certain epochs. I believe it is an epic pair of books and should be on any proper nerd's "Yeah! Of course I've read that" list.
Features the IT team at a medium sized company. They are led by a clueless CEO, who is as pointy-haired a boss as they come. The IT team manager is clueless but makes the best of her tiny team of unmotivated but probably overqualified IT staff.
A tech conglomerate featuring an exec who is in charge of a team of scientists, their adventures, feelings, diversions. It is hilarious, I like that the characters are somewhat believable and the nerds are largely the most likeable of the lot.
That is an interesting thought, however, that would require a minimum of two brain cells working together for more than 15 seconds at a time. tRumpF has not shown the ability to maintain a coherent thought for an entire sentence, let alone 15 seconds. Tactical, let alone strategic, thinking is clearly not the big fat oompa-loompa's strength. Sorry, I don't buy it, he's not intelligent enough to be "crazy like a fox", so, no. Nice, optimistic thought, keep on hoping.
OTOH, what you also seem to be suggesting is that he's a homegrown terrorist. We, as a country, live in constant fear of what idiotic thing he's going to do next, or has just done.
I subscribe more to this notion (tRumpF is literally dumb enough to be POTIGG):
President of the Imperial Galactic Government
The President is very much a figurehead - he wields no real power whatsoever. He is apparently chosen by the government, but the qualities he is required to display are not those of leadership but those of finely judged outrage. For this reason the President is always a controversial choice, always an infuriating but fascinating character. His job is not to wield power but to draw attention away from it.
An orange sash is what the President of the Galaxy traditionally wears.
On those criteria Zaphod Beeblebrox is one of the most successful Presidents the Galaxy has ever had. He spent two of his ten Presidential years in prison for fraud. Very very few people realize that the President and the Government have virtually no power at all, and of these very few people only six know whence ultimate political power is wielded. Most of the others secretly believe that the ultimate decision-making process is handled by a computer. They couldn't be more wrong.
http://hhgproject.org/entries/...
I saw your comment and some earlier similar ones. Maybe not from you but definitely Americans who use these statistics use them to drive home the (incorrect) point that "the minorities" are dragging down the nation due to their lower innate intelligence. I lumped you in with them. I think I was already pissed about seeing this shit earlier and didn't read too carefully. I should go back and respond on the other thread I read.
I sort of apologize but I still don't get the point you were trying to make. You lump Asians and Whites in the cities together, and Blacks and rural people in another group, what is that about or meant to illustrate?
And yet, here's this:
https://www.amazon.com/Personn...
Gillette Sensor compatible cartridges from a different company. Inconceivable!?
I did say the interface could not be patented, the interface is where the handle attaches to the blades. The easy to manufacture, easy to use, reduced complexity (of the cartridge) are irrelevant as regards the ability to connect and interface to a handle. I tried to find evidence to bolster my claim that mechanical interfaces cannot be patented but came up empty. :-(
The English (and American) language struggles to capture the catastrophe that is the tRumpF administration.
This speaks more to long-standing racial inequalities in the treatment of minorities than anything else, such as the racial ability you are trying to imply. When your family gets put in jail over "crimes" created to punish minorities such as marijuana usage (knocks down blacks and browns), crack cocaine usage (again, blacks and browns but mostly blacks). When your way-back inheritance consists of not-a-fucking-thing while some dead-stupid fuck gets to inherit the family negroes and some land, hmm someone magically does better in life. Must be all that inherent talent.
Try living in the ghetto, in a crowded, overheated, or freezing apartment with neighbors crammed around you like rats. See how well you can focus when all you hear at night are screams, and moans, and cars and sirens. Let me know how positive an outlook you'll develop when your dad is due to be out in 7 years with good behavior for the horrid crime of slinging some dope to try to feed the family.
Fuck all of y'all and your racist, thoughtless statistics.
Protectionism and sabotage of competition are key components needed to develop a local economy. The US did to great success, it was only when the free trade corporatist baboons took the helm that the US started (and hasn't stopped) falling behind. Now China is doing it and, predictably, it is working gangbusters for them.
You didn't notice the "never reporting anything" statement? That makes it an air-tight unassailable claim, like The Bible.