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We had been telling you to get training, re-education and other qualifications so that you can change jobs and move up the value chain for more than 30 years. T
by nullnilvoid 9y ago
We had been telling you to get training, re-education and other qualifications so that you can change jobs and move up the value chain for more than 30 years. These low-paying jobs will be gone eventually, to other developing countries or to AI and automation. While there are workers who cannot find jobs, there is a severe shortage of computer engineers in the tech industry. These tech companies cannot hire enough engineers. They had to bring H1B workers from India, for example. It is just the way human society develop. 150 years ago, you could make a good living by driving horse carriages. Then cars and trains came along and they stole your jobs. 50 years ago, you could support your family by loading punch cards. Then, magnetic disks and SSD came along and took your jobs. According to research, AI will take away 30% of the jobs in 10 years. The thing is you need to constantly learn and change. For engineers, we need to upgrade our skills all the time. Otherwise you will fall behind and lose your jobs.
- mistermann 9y agoWhat do you say to a doctor + lawyer couple who can't afford a home? Move further up the value chain?
- nullnilvoid 9y agoGet your phone out and call your representatives in the congress right now and tell them to change the NIMBY law that restricts constructions. Build more buildings if people like them. Don't restrict them.
- mistermann 9y agoA multi-year process with absolutely no guarantee of success. Or, you can control demand through regulations, as many countries already do.
- nullnilvoid 9y agoIt took multiple years for housing prices to go up. It did not happen overnight. If you don't try, there is no chance.
- mistermann 9y agoOr, you could control demand and be done with it in very short order. I'm not saying you can't build your way out of it, but waiting a decade for supply/demand to come back into some reasonable balance (maybe!!) isn't exactly "no big deal" to families just trying to get by.
- nullnilvoid 9y agoWhy can't you suppress your own craving for houses? Why do you want to regulate other people so that you can buy low-priced houses? The market is sending a clear message by increasing prices that we should build more houses. Why do you want to suppress that with regulations? It is economics 101 and how capitalism works.
- mistermann 9y agoYou're asking why someone wants to own a house? Where to start with that. And it's s far from Econ 101.
- nullnilvoid 9y agoYou have not answered my questions. Why control other people's demand while you don't control your own?
- sgift 9y ago> While there are workers who cannot find jobs, there is a severe shortage of computer engineers in the tech industry. And obviously, everyone could become a computer engineer with enough training? No, not really. And that goes for every job. The idea that if some job is no longer valued by the market we can just retrain people to <job of the week> is so wrong it isn't funny anymore. People have different talents. Not everyone can be everything. > These tech companies cannot hire enough engineers. They had to bring H1B workers from India, for example. This has been refuted at least half a dozen times on HN already. They brought those people in as cheap labor forces, not because of some shortage.