A large mass of poor, angry, unemployed with access to firearms...The US already has this problem-Chicago, Baltimore, Detroit, LA, New Orleans, NYC, Philadelphia etc. All Democrat controlled citadels of angry mobs with access to firearms. There's probably more guns in Chicago then Fort Knox.
This article is a great example of why I don't read them. First, they pull the logical fallacy of using absolute numbers in a relative world. The U.S. added 571,000 waiters and bartenders since 2014, so what. Without context and normalizing that number is meaningless. Did the percentage of the workforce who were waiters and bartenders go up or go down? We don't know from that number. Was the number artificially depressed from 2008-20014 and we're just bouncing back to the normal number, again with the data they provided we don't know, even though knowing both those items are crucial to even beginning to think about the point they're trying to make. The worst is that they know what they're doing, but they're being intellectually dishonest in hopes you'll either read over it quickly and miss it or just not have the critical thinking skills to catch it in the first place. There are plenty of technical news sources I can use that don't force me to catch the author's intentional attempt to mislead me, so I tend to rely on them instead. Add to that, they frame this as if the entire U.S. job market is made up of either waiters or manufacturers. They completely ignore the tech sector, the most dynamic and most quickly growing segment of the job market, as well as many other sectors, and come to the fallacious determination that we lost X manufacturing jobs and turned them all into Y waiter and bartender jobs. Again, I tend to try to get my information from people who aren't trying to play games like this. Games like this seem to be all that Zero Hedge does.
That's a bizarre response. My "propaganda criteria" is that you not publish knowingly misleading statistics and gaps in logic. What would your criteria be, since that apparently qualifies as "propaganda" in your book? Why the outburst on behalf on Zero Hedge anyway, they're pretty well known for this and not really taken seriously by anyone in the industry.
Actually I'd say it is more populist than socialist. Most professional careers have a crappy or even horrific apprenticeship period. Banking, medicine, dental, engineering, plumbing or IT. A large number of people will put up with that all the BS for a better life. But in the case of an extended drawdown, even the "crappy" enlistment opportunities, which lead to better careers, will dry up. I hear Army Medical corps is cutting back. And of course, Air Force is even tougher to get into now. I'll give you an other example. There is highly reputable 1 year analytics masters program at NC State. Almost guaranteed employment post graduation. They had almost 1000 applicants for 80 spots this year. 8 years ago, roughly 400 applicants for 80 seats. I respect the hustle that you and your peers showed but my point is that hustle will no longer work in one generation if current trends continue. And I understand I'm extrapolating from today and things may change but it doesn't look good.
Yes I agree with the premises, just doubtful about the number, it sounds more like a political statement (exagerating the truth wildly to make one's point ). Apple also takes much of the retail profits, which is not the case for all machine manufacturers . For most products the retail margin is already over 10% of the final product - more like 50% before VAT in my domain actually, but i understand it is much less for mass produced hitech products. You first only mentioned designer, I doubt the designer is necessarily also the marketter. Plenty of designers btw in China working in more or less hitech domains, for local and overseas brands.
Fair enough, the marketing side definitely gets a bunch of the value chain as well. Despite any recent foray's by China into marketing, I'd guess that the overwhelming majority of the marketing dollars for products sold in the U.S. stay in the U.S.
I see zero difference between the qualifications, iq, and skills, needed between a barista and a manufacturing worker. Most manufacturing jobs can be learned by pure observation and repetition within hours/days.
The tiny bit you call assembly resulted in China becoming the world's most successful mobile phone design and manufacturing hub. Some call it adaptation, others call it blatant theft and industry espionage. Meanwhile Apple will lose market share going forward from now on. All ready Huawei's top notch phones shit on Apple's newest creations. You are ignoring those cost of outsourcing manufacturing. Apple paid a huge price and so did Samsung.
I can't imagine why sig feels the need to attack random posters in such a juvenile school yard manner. This behavioral profile demonstrates a mental state of someone with unresolved anger issues. I certainly wouldn't want him as a boss, neighbor or teacher. He does appear overly full of himself, demeaning those he feels are less knowledgeable. The article clearly states it's sources, Bureau of Labor Statitistics, National Restaurant Association and even suggest the National Bureau of Economic Research for follow up info. Perhaps sig should address them directly if he needs somewhere to exercise his inflated ego. ZH simply republished govt releases we're all expected to accept as official facts. People who wish to dissect those facts into finer slices that serve their own purposes are free to do so. No need to shoot the messenger. I Baron, Orlando is a statistical outlier re: restaurants. It is, and has been for years, one of the fastest growing cities in the country due to it's destination tourism revolving around Disney etc. Vacationers eat all their meals out.