"Permanent job loss" fallacy. There is no permanent job loss!

Discussion in 'Economics' started by trade4succes, May 24, 2009.

  1. jprad

    jprad

    So, tell us who's the competition when it comes to Nimitz class aircraft carriers, F-117s, B-2Bs, boomers, fast attacks, JSF?

    How about those two robots that are still trekking around Mars the past 5 years, which is just a tad longer than their 3 month design life?

    Repaired a 19 year old space telescope 4 times? Not to mention the shuttle that got them there and back...

    Microsoft Windows/Office/Exchange/etc.? Java? Oracle?

    Avastin, Viagra, HPV vaccine, Shingles vaccine, mapping the entire human genome?

    The Segway, Roomba, 3-D printing/modeling systems, the Boeing 787 (world's first composite airliner).

    Yeah, we suck...
     
    #11     May 25, 2009
  2. clacy

    clacy

    This 426653478 charachter is just a jealous brit who is posting for attention's sake.

    Just another in a long line of ET losers who desperately need to create attention on an anonymous internet forum because in real life, they have no prospects for success or attention whatsoever.
     
    #12     May 25, 2009
  3. it costs billions of dollars to engineer things like that, but maybe millions to reverse engineer
     
    #13     May 25, 2009
  4. ya I'm an attention whore like most americans
     
    #14     May 25, 2009
  5. Yeah, but all of that work is done by mostly foreigners who come here to grad school. American kids do not want to do real work, period.

    Whites are arguably the dominant ethnic/racial group in the US, but white college kids are a minority in math, science, and engineering. Furthermore, most people have a mental picture of a white person when "American" is used. However, the "Americans" behind everything you listed are usually brown or yellow, with a sprinkling of Eastern Europeans and some home-grown American Jews.

    At some point, those people won't bother to innovate on US soil for US companies.
     
    #15     May 25, 2009
  6. jprad

    jprad

    If it's so easy and cheap then answer my question, who's our competition for any of those technologies?
     
    #16     May 25, 2009
  7. jprad

    jprad

    I'd love to see the response you'd get if you told one the 3,000+ families of American kids that have died in Iraq and Afghanistan that their kids were too lazy to do "real work..."

    Maybe most foreigners would. But, Native Americans, African-Americans, Asian-Americans, Spanish-Americans, Hindu-Americans and Arab-Americans would disagree with you.

    Trust me, you ain't working on government/military technology projects unless you've been a citizen for quite a while.
     
    #17     May 25, 2009
  8. In so far that there is a grain of truth here, It is because American Unversities are some of the biggest abusers of the H1B visa program, which allows them to hire post Doc foreign students as teaching assistants for 17K a year.
    The Universities take terrible advantage of the H1Bs, save money and pat themselves on the back for diversity.
    But often though they may be highly skilled researchers, the language skills of the TAs were/are often so poor that they can provide effective assistance only to undergraduates from their own country.

    Years ago I had to prove that my statement of a series of orbital eigenvalues was equivalent to the one the east Asian contingent came up with because they had solved for the energy levels as a group speaking a language that I did not understand, and I being unable to follow the conversation, had come up with a different but (I proved) equivalent set of equations.

    Occasionally we would get lucky and get an American TA, and when we did they were good. Brilliant in fact.
     
    #18     May 25, 2009
  9. Lets see if I can prick a hole in that theory. Ok so 5% suddenly become unemployed. That means these 5% are no longer spending money. So its safe to reason that whatever business's these 5% spent their money on, will no longer be getting that money, so that means that those business's lose 5% of their income to which they then cut 5% of their work force or lower wages 5%. Now yes...we all have free cars now, but there is no extra money. Tell me where that extra money is coming from? I drive a full paid for honda. If tommorrow ferraris were dropping out of the sky, I just have a nicer looking car. I didnt make anything extra...my paycheck is still the same. (well actually im about to get a 5% paycut because all those autoworkers just got unemployed so business is going down) So i have a new car and less money. Now if i can only spend 95% of what i used to spend, and everyone else is the same, there is ANOTHER 5% drop in GDP and you can see how it actually snowballs if there is no new job growth anywhere.

    Now i know what you are saying...I have a fully paid for car and alot of people finance cars so they wont be making those monthly payments anymore and they can use that money to buy other things.

    How? If a guy is making payments and cars suddenly drop out of the sky, he is still making payments on that car. He might have 3 or 4 more years of payments to make before he finally has that extra cash. I mean unless he decides to just let the bank take his car back which will then proceed to sue him for the balance of whatever they auction it off for and since cars are free now, they wont be able to auction it off, so now the guy is sued and has a judgement against him and the court is docking his paycheck (which is already 5% less than what he used to earn) so he is hurting even more. Not to mention that if the banks decided not to come after him, it would be devastating for them to take so many loses and then the bank would cut jobs making it even worse!


    Also the banks would be taking a hit anyway because they are not making any new loans for cars since they dropped out of the sky, so the banks finance department has to cut those jobs so theres another 5% out on the streets.


    Did i shoot enough holes in your impossible to beat theory yet or do you want some more? :p
     
    #19     May 25, 2009
  10. Nice theory, but untrue. As the world's reserve currency, US $ can be used within other countries to pay within that or within other countries
     
    #20     May 25, 2009