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Comment Re:Can't a magic 8 ball replace most CEOs? (Score 1) 231

In my experience with ceo's and senior executives- the "numbers" have a funny habit of changing to match projections. I saw them waste at least 6.5 billion dollars over 5 years in failed project after failed project. All based on unrealistic assumptions. And in every case, the failures were redefined as successes except for the failed SAP rollout.

A large corporation can cover some terrible errors and CEO's (and executives) are paid for changing things- not for running them well as they are. So you can have a good business practice and it will be removed and replaced with something else which is much, much worse.

If the change works- yea! Big bonus for the CEO and/or executives. If it fails- yea! Big golden parachute. If it's in the muddy middle- there will be a lot of pressure to say the change worked. Because deadlines, definitions- sometimes reality- is subject to intense pressure and manipulation to say the change worked.

Actual reality doesn't set in until they leave or the company goes tits up.

Comment Re:The pain starts in 2030... (Score 1) 231

OTH, as of 2024, the boomers will already be dying in large numbers. Roughly 4 million a year by that point.
60% of men and 43% of women boomers born in 1946 will be dead by 2026. Actually, those who are not well off are more likely to be dead at that rate by 2023 and that's 80% of the population.

But going by the more conservative figures...

By 2030, almost 5 million boomers will have already died.
By 2040, about 30 million boomers will have already died.

The biggest crisis we really need to address is medical care expenses for the last 90 days of life. Speaking as a boomer myself, we cannot afford to spend over a thousand dollars a day to keep someone alive for an extra three months. That's were we need to cap our spending and limit our losses. If someone wants to spend their own money or has insurance- fine. Otherwise, we have to make some hard rational choices.

However, if we destroy 30% of jobs for young people with automation and AI, then there won't be tax revenue to pay.

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