The Chinese have so much productive capacity that they managed to accumulate gigantic piles of cash that came from the West and obviously they can't do anything with it except buy Western businesses. This is accelerating as expected as the Chinese are trying to get rid of their foreign cash reserves in exchange for solid assets. Soon enough the equation will balance itself out, when the Chinese have all the productive assets (real capital) and the rest of the world will be supplying cheap labour.
IClass, meet Barbara.
When I was in the army my job was Satellite Communications. Long ago I was told that frequencies around 24Ghz are highly susceptible to interference by water such as rain and fog. So those spectra were considered to be too unreliable for communication. I never bothered to to check outside though.
Here is my take on it, I have a number of people from well known schools, same number of people from schools that nobody heard from and in some cases people from unknown schools who dropped out and started working for me when I offered them a job. I have a number of people that had no formal higher education at all and a couple of guys that didn't know much about computers before they started here.
AFAIC I care about the attitude, I care that the person can work within a team, that I can work with the person, whether they are eager to learn. This is a starting job for all of the people I hire, very few of them worked in the field before, I do not pay much but that is also part of the equation. The people that do not have student debts do not have the same problem as those with debt, they don't need to try and get a highly paid position right away and so they can afford to work with me, where they are gaining more than enough experience so that eventually they are propelled to better paying jobs.
I will say this: I have about equal number of good coders, whether they had any formal computer science training or not, but I go through many people to find good ones but it does not take much time at all to know who is who. Just in the last 2 months I interviewed about 15 people, 3 of them ended up with me, 2 are going to be excellent developers. Out of the 15, 4 decided it was too hard in the first 3 days. 2 decided that they made a mistake and shouldn't be in this field right during our meeting.
In the interview all I do is I show them what we do, how we work, ask them what they like to do and explain the structure here: you are studying here before I put you on an actual paying project. I teach you what you need to know and while I am teaching you, I am not paying you anything. Normally takes 2-3 weeks for a developer to go through training and start being productive. This is my way of doing stuff, I do not care where you studied, what you think you know, I only care to figure out if you are OK for the team and if you can learn and have the right attitude for this company.
They do do that already. Their prices are what they are and not 2 times what they are now for a reason as well. Of-course actually building Apple hardware products is a costly endeavour, nobody else can really afford to do what they do to achieve the save level of user friendliness and beauty. I don't buy Apple products (not because of price, I just do not like their software), but plenty of people do. Their products are priced to satisfy demand of a specific set of population, however if their revenues did not cover their costs and did not make them good profits, they would have lowered prices by lowering the cost of production and very likely by sacrificing build quality to gain market share, however their customers are used to certain degree of quality and shine, and so Apple spends more than anybody else delivering just that.
If Apple could actually cut their production costs in half, while delivering the same quality of product, their prices would go down to increase market share, but they are in business of providing top quality systems (even with some problems, like the new phones that probably bend much easier than some others).
If you in fact believe that you could provide similar quality of the product as Apple for half the price, you yourself could do what you are talking about, but apparently it is not as easy as you say, since other companies do not provide the same, shall we say 'shine' in their hardware so far, while being able to charge much less than Apple.
Whatsapp hired 14 engineers to make the company worth $19B. They were not 14 completely replaceable, run of the mill engineers, they were each unique and probably irreplaceable. The quality of those employees at that concentration, the fact they could be a small agile group, that was the reason they created so much value. If you want to create small predictable progress and run an enterprise with steady churn of cash, you might go the Cisco way, but you will never produce anything great or even just above average.
Why is this law breaking man still at large? Will nobody put this criminal behind bars where he belongs? Or are directors of tree letter agencies above the law?
Comey will speak about how crimes like kidnappings and robberies will go unsolved due to encryption, a senior F.B.I official said, a sharp follow up to his remarks that encryption places users âoebeyond the law.â
- encryption does not place users beyond the law, Comey likes to have FBI that is beyond the law.
Ha, the New Deal was part of the socialist infection that lead to the financial crisis that hit USA in the 1970s.
The Federal reserve bank of America, the IRS, New Deal, minimum wage and other price controls, business regulations, inflation created by the Fed and the Treasury is what destroyed actual productive economy in the USA and to look at all of that and conclude that in the 1970s what you observed (default on the dollar, stagflation) was not a result of the diseased socialist economic and monetary policy but to decide that whatever happened in the seventies was the reason for the further failures is to come to a completely wrong conclusion and to misdiagnose the problem.
When you misdiagnose the problem you then tend to misunderstand the necessary solutions, which is what has been happening for the last 50 years as well (and actually earlier, from about 1930, from the moment that the USA government misdiagnosed the problem that it created and by trying to fix it in the completely wrong way caused the Great Depression).
The complete misunderstanding of the underlying economic principles by those, who are supposedly our economic guides, the so called 'mainstream economists', their failure to be impartial on these matters and actually care about the principles of the economic systems, but instead injecting feelings and political and their misguided version of the social agenda into all of it is what allows the politicians to justify completely wrong moves that they sell as 'solutions' to the general population, most of which doesn't know or understand anything about economics, in no small part because of these so called 'experts' who exist solely to muddy the waters and steer people away from understanding for the benefit of those in power.
Wrong, if Apple figures out how to make their products at 1/2 the cost, their prices will come down in order to gain new market share and make more money by selling more of their product while taking sales away from the competition.
Yep, there are no natural monopolies, and where a company becomes a monopoly without any government intervention it does not mean it is a bad thing, it means the company is providing the best product at the lowest price at the time and place.
The free market (free from government abuse and protected with laws that are applied equally to all market participants without discrimination) capitalist (private property ownership and operation) economy works to lower prices and to increase choices due to competitive pressures and desire to get more market share, all of which is what 'trickle down' economics actually is.
The 'trickle down' effect does not come from money that is spent on leisure and consumption, the trickle down effect is the effect of the wealth being invested productively to lower prices and increase choices. This is something that many choose to ridicule, yet they benefit from this effect every time they get any benefit from the modern economy, which is all created from money that was made from businesses creating things cheaper and more efficiently (and when I say all was created by businesses, that is exactly what I mean, even the taxes that are stolen from the productive people are used by government in very few occasions to run yet another ponzi scam of a program, that money first had to be made by a business to be stolen by the government).
That law is unconstitutional and cannot stand in an honest, law abiding society, but the fact is that your society is not an honest, law abiding one. The Constitution is thrown out of the window, the socialist movement destroyed the principles that the system was built upon, the principles of equal treatment under law. It did so by promising 'fair' outcomes. The mob believes it's unfair somehow that a millionaire factory owner has more than some window washer, so we must make it 'fair', but that means we are going to destroy the law, the equal treatment of people under law and once we do that the law doesn't matter and you have no private property rights and there is no free market capitalism without equal protection against government abuse under the law.