The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Reminder: ITE will NOT be solved partly until
Poast new message in this thread
Date: September 6th, 2010 3:24 AM Author: arousing station factory reset button 1. Wages and general standards of living are more even across the globe. That ways globalized corps can't keep on moving to the lowest cost country
2. UNIVERSAL FUCKING REAL TIME translators allow people to immigrate and place roots in other countries more easily |
 |
Date: September 6th, 2010 3:25 AM Author: Zippy Church Sandwich Is it inevitable that our wages and standards and living will fall? Or will a rising tide lift all boats? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976432) |
|
Date: September 6th, 2010 3:27 AM Author: arousing station factory reset button i think short term fall. Technology will get better of course so it will be better in that sense...but things like unemployment, work hours, health care, etc. will continue to deteriorate). Long term, like 20 years from now obviously it will increase. Depends on how quickly the new powers like China and India can get their citizens up to speed, and how quickly the new hot outsourcing locations like Vietnam and Bangladesh can match our standard of living
|
|
Date: September 6th, 2010 3:28 AM Author: Zippy Church Sandwich So should we just plan on hunkering down for a couple of decades and riding this stuff out? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976450) |
|
Date: September 6th, 2010 3:30 AM Author: arousing station factory reset button meh we can bug the government to fix the grossly mismanaged parts of our country. But as far as pressures from other countries and the outside world, im not sure there is much we can do.
If I hadn't found a job, i think i'd seriously be considering moving back to India by now |
|
Date: September 6th, 2010 3:33 AM Author: Zippy Church Sandwich How is life in India? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976479) |
|
Date: September 6th, 2010 3:39 AM Author: arousing station factory reset button Good....if you have money
PHANTOM CURRENCY EXCHANGES MAKING DAT DOLLAR EXTRA STRONG SAYING YNY!!! |
|
Date: September 6th, 2010 3:41 AM Author: Clear vivacious tanning salon people who are hurt go on about the phantom currency exchange. what do you mean? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976532) |
|
Date: September 6th, 2010 3:47 AM Author: arousing station factory reset button A dollar here is equivalent to about 50 rupees
Getting a haircut might cost 15 dollars here. Takeout food? 10 dollars. That's a fortune over there, and costs are a fraction of what they are here in dollar terms. Someone making 50k over there could live like an absolute fucking baller, especially compared to their american counterparts making 50k. |
|
Date: September 6th, 2010 3:52 AM Author: Clear vivacious tanning salon people who are hurt lol great. it's going to be forever before they're buying anything from us. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976586) |
|
Date: September 6th, 2010 3:55 AM Author: arousing station factory reset button we need to crash the dollar IMO (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976601) |
|
Date: September 6th, 2010 3:56 AM Author: Clear vivacious tanning salon people who are hurt i've been saying bernanke needs to fire up those printing presses for about a year (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976605) |
|
Date: September 6th, 2010 3:59 AM Author: Zippy Church Sandwich But the downside is, you've got no modern plumbing when you need to take a dump.
http://www.solotravel.org/kinabalu/toilet.jpg |
|
Date: September 6th, 2010 4:01 AM Author: Clear vivacious tanning salon people who are hurt wasn't there an article out a while back about law enforcement having a hard time preventing people from shitting in the street because of the lack of plumbing? not cool man. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976627) |
|
Date: September 6th, 2010 3:32 AM Author: Clear vivacious tanning salon people who are hurt god no. do you want to live that? you'll be like 40 or 50 right? and said equilibrium is speculative. how do you know demand will be there to get things going? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976476) |
|
Date: September 6th, 2010 3:34 AM Author: Zippy Church Sandwich I don't need to live well, I just need to live better than most people. Cf., e.g., third world countries. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976486) |
|
Date: September 6th, 2010 3:37 AM Author: Clear vivacious tanning salon people who are hurt well, he says we're not getting equilibrium until the US is like a third world country. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976502) |
|
Date: September 6th, 2010 3:39 AM Author: arousing station factory reset button or they reach us (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976525) |
|
Date: September 6th, 2010 3:40 AM Author: Clear vivacious tanning salon people who are hurt that could take a hundred or more years and it's not guaranteed to happen at all (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976530) |
|
Date: September 6th, 2010 3:42 AM Author: arousing station factory reset button not guaranteed, but things move much more quickly in countries, economies, and the world as a whole than they did 100-200 years ago. Nations can rise and fall very quickly. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976537) |
|
Date: September 6th, 2010 3:45 AM Author: Clear vivacious tanning salon people who are hurt what pushed china and some other developing countries along so quickly was selling their stuff to us. they extended this by giving us credit and manipulating their currency.
now that demand from our country is just about tapped out where is the demand going to come from to move things along so quickly? they've been paying people in emerging markets awful wages (that was the whole point) so they don't have the money to consume and replace american demand. those investing in foreign countries will soon learn this and things will move much, much more slowly. this process could take a very, very long time. where the heck is the demand going to come from? it'll exist but it's going to be much less. |
|
Date: September 6th, 2010 3:48 AM Author: arousing station factory reset button Honestly? Who knows. Hopefully the growing middle class in both India and China will compensate for our falling demand.
The world will be fine long term. It just sucks that there are casualties (American worker) during the structural shift. |
|
Date: September 6th, 2010 3:50 AM Author: Clear vivacious tanning salon people who are hurt everyone is sayign they still don't have the money to replace US demand. we had wealth built up from generations of savings and high wages. the new middle class in those places have barely begun to save and they lack purchasing power. plus for them to buy from us we'd have to devalue the hell out of the dollar.
plus, companies are already starting to head into africa now, sensing that things in china and india are getting too good. as i said, absent some policy changes this could take forever if it happens at all. |
|
Date: September 6th, 2010 3:29 AM Author: Ultramarine personal credit line So then ITE is the new normal, yes? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976456) |
|
Date: September 6th, 2010 3:31 AM Author: arousing station factory reset button yea probably
on the bright side i think in 20-30 years technology will do so much of our shit for us that we'll accept extremely high unemployment as a way of life, and there won't be such a negative vibe to it
Or we'll all just spread the work and work shorter hours. I hope that's what happens. |
|
Date: September 6th, 2010 3:31 AM Author: Clear vivacious tanning salon people who are hurt only if americans continue to passively accept their lot (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976471) |
|
Date: September 6th, 2010 3:37 AM Author: Ultramarine personal credit line Um, wasn't technology supposed to make everyone happy and fulfilled and work fewer hours? Instead, more people did jack shit and were miserable and poor while a smaller portion became astronomically wealthy but generally worked far more.
|
|
Date: September 6th, 2010 3:39 AM Author: Clear vivacious tanning salon people who are hurt that's a consequence of the huge labor pool globalization allowed american corps to draw from as they sold to americans who still had money/borrowing power because of years of having high incomes.
of course, americans are just about tapped out so now all we get is high debt and an increasing unemployment rate. |
|
Date: September 6th, 2010 3:42 AM Author: Ultramarine personal credit line It isn't just globalization - the fact is that automation means producing more shit with less people. Globalization is just the other shoe dropping. Long story short - in the long run this will utterly fuck the US and the developed world except for those with a shitload of cash. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976538) |
|
Date: September 6th, 2010 3:41 AM Author: arousing station factory reset button nah, i think much of our work we do nowadays is fake and shit we create for ourselves for the sake of creating for ourselves.
I really do think we could gut a good portion of our workforce, and our total output wouldn't be too much lower as a country.. And if that ever happens, it'd be fantastic if we spread the work for everyone
30 HOUR WORK WEEKS SAYING YNY! |
|
Date: September 6th, 2010 3:42 AM Author: Zippy Church Sandwich The French have the right idea on this. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976540) |
|
Date: September 6th, 2010 3:44 AM Author: Ultramarine personal credit line At the very least, we need to enact a sort of cap on hours. A lot of ITE is due to starting with 2 people with 30 hours/week each of work, firing 1 and leaving 1 person with 60 hours of work. If you say, required 2 hours of vacation for every hour over 40 per week you would find that fewer end up getting fired. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976546) |
|
Date: September 6th, 2010 3:45 AM Author: Zippy Church Sandwich I submit that hoarding work is a real problem ITE. People need to stop taking more than their fair share (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976551) |
|
Date: September 6th, 2010 3:48 AM Author: Ultramarine personal credit line The incentives are fucked. It is better to work 60 hours a week than be unemployed, so people hoard work. The result is that everyone is miserable as you're either unemployed/underemployed or overworked. Corporations also benefit from this since 1 person working 60-80 hours a week costs less than 2 people working 30-40 hours a week. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976568) |
|
Date: September 6th, 2010 3:54 AM Author: Clear vivacious tanning salon people who are hurt hoarding work is a problem only because it's drying up and there's not enough to go around (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976597) |
|
Date: September 6th, 2010 3:39 AM Author: Zippy Church Sandwich How will the unemployed people survive? (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976526) |
|
Date: September 6th, 2010 3:31 AM Author: Clear vivacious tanning salon people who are hurt it doesn't have to be this way mang (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976468) |
|
Date: September 6th, 2010 3:34 AM Author: Ultramarine personal credit line Oh ok. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976489) |
|
Date: September 6th, 2010 3:36 AM Author: Clear vivacious tanning salon people who are hurt it wasn't before because of tariffs.
|
|
Date: September 6th, 2010 3:43 AM Author: Zippy Church Sandwich We need to start taxing Chinese imports majorly (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976541) |
|
Date: September 6th, 2010 3:46 AM Author: Clear vivacious tanning salon people who are hurt we should've been doing that all along if we couldn't work out a good trade deal with them, which we didn't. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976553) |
|
Date: September 6th, 2010 3:46 AM Author: Ultramarine personal credit line tcr (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976557) |
|
Date: September 6th, 2010 3:46 AM Author: Ultramarine personal credit line Tariffs increased global inequality, but yes, unemployment was definitely lower. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976554) |
|
Date: September 6th, 2010 3:49 AM Author: Clear vivacious tanning salon people who are hurt yah, it did increase global inequality. but at the same time we need to look out for our interests. besides, globalization could've happened in a way that was more beneficial for those not at the very top, but our politicians didn't make that a priority in their trade deals. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976571) |
|
Date: September 6th, 2010 4:19 AM Author: Ultramarine personal credit line True. (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976698) |
Date: September 6th, 2010 3:53 AM Author: Clear vivacious tanning salon people who are hurt are country are country they took are jerbs they took are jerbs you rednecks we'll all do service jobs who cares about manufacturing
are country |
|
Date: September 6th, 2010 3:55 AM Author: arousing station factory reset button (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976603) |
|
Date: September 6th, 2010 3:56 AM Author: Clear vivacious tanning salon people who are hurt communist socialist commie (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976610) |
|
Date: September 6th, 2010 4:06 AM Author: Zippy Church Sandwich There already was a student loan bailout. It's called "IBR." (The only good thing Bush ever did.) (http://www.autoadmit.com/thread.php?thread_id=1415714&forum_id=2#15976655) |
|
Date: September 6th, 2010 4:13 AM Author: arousing station factory reset button ya but tuition will continue to skyrocket, perma-fucking your paycheck by 10-15%, or whatever it is.
IBR was a half solution. |