Eh, I'm not worried. Many people who know me well have said I'm "robotic". Emotion-wise, I make Romney look like Oprah. I'm sure the robots...
My contention is that the housing bubble led to workers being paid more than they otherwise would have been paid. To the extent that Greenspan's...
Software, being virtual and not physical, does not experience entropy. Once an algorithm is working, as long as there is hardware to implement it,...
I've said all along that the wage bubble tracked the housing bubble, not that labor somehow gained additional power due to unionization or other...
Yes, housing was in a larger bubble than wages. That's why housing prices fell 30-40% and wages have fallen less than that. A "marginal 1%...
Maybe I am speaking a little more colloquially, but my point is that, if you accept the premise of a housing bubble, which nearly everyone does,...
The problem with normalizing to median income is that median income is itself an artifact of bubbles, at least it has been for the past ~15 years....
Bubbles are relative. The bubble aspect of it is the cost above replacement. As we reach a point where software and hardware can replace more...
As I understand it from people I know in the industry, part of the PE business model is what you describe, i.e. the "distressed assets" approach....
At the risk of stating the obvious, the guy could have looked for a job while working. I don't know how his take-home is going to be less than...
Which is exactly why we are going to replace you all with robots. If it's any consolation, though, we'll eventually get replaced by robots,...
Right, and people are just going to put up with COLAs that are 10% below the inflation rate. Also, my point was that Medicare payments go to...
That doesn't matter. The bigger issue is unfunded entitlement liabilities and those adjust with inflation. Especially Medicare, because if you...
I think it would be good for both sides. It would be a natural experiment in governance. I think the only possible argument against it is...
Counties comprising about 90% of the nation's landmass voted for Romney. Take a look at a map. The split into two countries is coming. Then,...
If your broker knew how to help you be profitable, chances are they wouldn't be a broker, they'd be trading.
It's pretty clear you're not management. What you are talking about is operations. Like I said, I'll pretty much be among the last humans...
Dude, it's not an either/or. It's both. The things that went over to China were the sorts of things that could not be made by robots at the...
Yep, capital won and (most) labor lost. When I work, I work in corporate strategy, supporting C-suite decision-making. That type of labor will be...
Even in the US, something like 75% of people live within 15 miles of where they were born. I hardly think that is the result of some kind of...
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