You can not eat "a job", neither can you wear it. Work is a mean to create something of value. The less effort humans expend the richer we all are. Those people who were replaced by machines are in fact liberated and have opportunity to create even more wealth.
Take it from someone born and raised under "developed socialism" - it was the same there too. In fact, the best mass occupation in USSR were taxi driver, waiter, butcher - because they dealt with hard cash. Engineers and programmers were making about 150 rubles per month in 1980s. Pair of jeans cost 200 rubles back then. Whoever has modded your comment "insightful" is a cretin.
The one who got fired by late Chicago mayor Harold "Mirth & Girth" Washington for nothing less than "incompetence". The one who orchestrated increased state dipping into taxpayer pockets by 60% this year and managed to literally blow it all away on kickbacks to his SEIU buddies. Tell me about what he think is right - it's rock-solid endorsement for exactly opposite course of action.
p.s Google "Mirth & Girth" - prime time entertainment.
"until they are no longer greens" - at which point they will leave to greener pastures because they are no longer "green" (and rightfully so.) Been there, done that myself, seen it bazillion times. Large corp can have on-site hands-on university, small shop cant afford it.
"you're going to be hiring 5 green programmers for every 2 experienced, and 5 experienced for every expert" - but what to do if you are a small shop and only hire a guy every couple years? For every 10K strong multinational there are 1000s of those small shops.
As I wrote above: it's not pretty. Especially sucks to be one of those whose lifeline is cut. Falling from the window is not pretty either. Try legislate law of gravity away.
Looks like you still do not get it. The cuts will not be "for a reason". Simply, there will be no money. I know, it's hard to imagine US government being out of money but this happened to many "great countries" of the past. Just ask Germans, or Russians, or Brits. I have lived through one of those moments. You apparently did not. There is no "reason", or "cause", or "justice". At that point it's only about "surviving". It's not pretty. Until then enjoy your ivory tower.
By that time US will accumulate another $4-6T of debt which will put total at about 130% GDP. There is no way to 'grow economy" out of that much debt so market for US goverment securities will cease (both federal and state/municipal.) At that point politicians will have only three options left: 1) _drastically_ cut welfare entitlements; 2) print more money; 3) all of the above. I bet on option 3, which means Inflations (capitalized on purpose.)
At this point hoarding money will become a losing proposition big time.
Disclosure: Ex-H1B here. People coming on H1B are in great majority just starting their prime productive years. Each of them represents about $500K in brain and muscles which US people are getting at slightly negative price. Each of them represents about $2M to $5M future lifetime earnings. A lot of them will also bring their inheritance later in life which may be 100s of $K. That's the reason why other countries are crying out loud about "brain drain". I'm sure, some dumbfsck that thought that his US birth certificate entitles him to $70K/y for life will find what he's worth when hes job is taking by H1B. However, US people at large should be kissing H1B's assess - literally.
Technically you both are incorrect since there are no exchanges in NYC left. All US stock exchanges have primary locations in New Jersey (NYSE, Arca, NYSE MKT(ex AMEX) in Mahwah, BATS in Wheehawken, DirectEdge in Secaucus, Nasdaq in Carteret.) There are few not worth mentioning in Chicago. Option exchanges also all moved to New Jersey, last being CBOE this month. The only big player outside of NJ is CME in Aurora, IL. As a side note, NYC and NY state sucks for exchange business because of state tax laws, expensive real estate leases, unionised workforce, and also by virtue of being fsking prime target for assorted nutjobs.
Morale: do not come with your guns blazing if you do not know the facts.
"Make trades non-cancellable". They are not already except in certain clearly defined circumstances i.e "clearly erroneous". Next time, read exchange manuals, schedule of fees, and SEC regs before you post on the topic.
"Marker research" company says public market is a dangerous place. Who would have known? What is next, Symantec claims that internet is dangerous place?
The submission is actually about ad harvesting by a blogger linking to NYT article written by someone who know nothing about subject matter for the sole purpose to gather eyeballs in first place. How this amounts to "news" or anything remotely worth putting on/. is completely beyound me.
Seems like turning diesel spent on this "fishing" into chairs would be both more economical and environmentally friendly. I suspect the real reason to fish plastic is to enjoy sailing in warm waters on someone else's dime.
Slashdot Mirror
You can not eat "a job", neither can you wear it. Work is a mean to create something of value. The less effort humans expend the richer we all are.
Those people who were replaced by machines are in fact liberated and have opportunity to create even more wealth.
Yea, there other models like French socialism, etc. That does not work either, does it?
Take it from someone born and raised under "developed socialism" - it was the same there too. In fact, the best mass occupation in USSR were taxi driver, waiter, butcher - because they dealt with hard cash. Engineers and programmers were making about 150 rubles per month in 1980s. Pair of jeans cost 200 rubles back then.
Whoever has modded your comment "insightful" is a cretin.
The one who got fired by late Chicago mayor Harold "Mirth & Girth" Washington for nothing less than "incompetence".
The one who orchestrated increased state dipping into taxpayer pockets by 60% this year and managed to literally blow it all away on kickbacks to his SEIU buddies.
Tell me about what he think is right - it's rock-solid endorsement for exactly opposite course of action.
p.s Google "Mirth & Girth" - prime time entertainment.
Never heard of it.
For making more resources available for mine.
"until they are no longer greens" - at which point they will leave to greener pastures because they are no longer "green" (and rightfully so.) Been there, done that myself, seen it bazillion times. Large corp can have on-site hands-on university, small shop cant afford it.
"you're going to be hiring 5 green programmers for every 2 experienced, and 5 experienced for every expert" - but what to do if you are a small shop and only hire a guy every couple years? For every 10K strong multinational there are 1000s of those small shops.
As I wrote above: it's not pretty. Especially sucks to be one of those whose lifeline is cut. Falling from the window is not pretty either. Try legislate law of gravity away.
Looks like you still do not get it. The cuts will not be "for a reason". Simply, there will be no money. I know, it's hard to imagine US government being out of money but this happened to many "great countries" of the past. Just ask Germans, or Russians, or Brits.
I have lived through one of those moments. You apparently did not. There is no "reason", or "cause", or "justice". At that point it's only about "surviving". It's not pretty. Until then enjoy your ivory tower.
By that time US will accumulate another $4-6T of debt which will put total at about 130% GDP. There is no way to 'grow economy" out of that much debt so market for US goverment securities will cease (both federal and state/municipal.) At that point politicians will have only three options left: 1) _drastically_ cut welfare entitlements; 2) print more money; 3) all of the above. I bet on option 3, which means Inflations (capitalized on purpose.)
At this point hoarding money will become a losing proposition big time.
Did they really expect clusters in Rocky Mountains?
Your mistakenly assume that russian people want freedom in the first place. 500 years of their history suggest otherwise.
How come this is news to anyone?
Disclosure: Ex-H1B here.
People coming on H1B are in great majority just starting their prime productive years. Each of them represents about $500K in brain and muscles which US people are getting at slightly negative price. Each of them represents about $2M to $5M future lifetime earnings. A lot of them will also bring their inheritance later in life which may be 100s of $K. That's the reason why other countries are crying out loud about "brain drain".
I'm sure, some dumbfsck that thought that his US birth certificate entitles him to $70K/y for life will find what he's worth when hes job is taking by H1B. However, US people at large should be kissing H1B's assess - literally.
What else ?-//
Case solved.
Technically you both are incorrect since there are no exchanges in NYC left. All US stock exchanges have primary locations in New Jersey (NYSE, Arca, NYSE MKT(ex AMEX) in Mahwah, BATS in Wheehawken, DirectEdge in Secaucus, Nasdaq in Carteret.) There are few not worth mentioning in Chicago. Option exchanges also all moved to New Jersey, last being CBOE this month. The only big player outside of NJ is CME in Aurora, IL.
As a side note, NYC and NY state sucks for exchange business because of state tax laws, expensive real estate leases, unionised workforce, and also by virtue of being fsking prime target for assorted nutjobs.
Morale: do not come with your guns blazing if you do not know the facts.
"Make trades non-cancellable". They are not already except in certain clearly defined circumstances i.e "clearly erroneous". Next time, read exchange manuals, schedule of fees, and SEC regs before you post on the topic.
"Marker research" company says public market is a dangerous place. Who would have known?
What is next, Symantec claims that internet is dangerous place?
The submission is actually about ad harvesting by a blogger linking to NYT article written by someone who know nothing about subject matter for the sole purpose to gather eyeballs in first place. /. is completely beyound me.
How this amounts to "news" or anything remotely worth putting on
Until then the question is moot.
It means that they do not even bother hiding.
Those as much distracting as phones and are used way more often.
Seems like turning diesel spent on this "fishing" into chairs would be both more economical and environmentally friendly. I suspect the real reason to fish plastic is to enjoy sailing in warm waters on someone else's dime.