3 ms·

> What does this refer to? Did someone suggest that? I mean the original propose. Hopefully it's not just Intel and TSMC getting the tax break? > Is it a wage

> What does this refer to? Did someone suggest that? I mean the original propose. Hopefully it's not just Intel and TSMC getting the tax break? > Is it a wage issue? Yes, see https://news.ycombinator.com/item?id=26996090 https://news.ycombinator.com/item?id=26996090 https://phenomenalworld.org/interviews/trade-wars-are-class-wars https://phenomenalworld.org/interviews/trade-wars-are-class-... https://newleftreview.org/issues/ii125/articles/aaron-benanav-world-asymmetries https://newleftreview.org/issues/ii125/articles/aaron-benana... The last is a critique of the book, but one that disagrees about wages being too low in the exporting countries. > Also, if we educat[e] and train American workers, maybe they can have higher paying (and physically and mentally better) jobs than manufacturing. Also, manufacturing is fairly automated for quite some times now. Boosting manufacturing to create jobs no longer makes sense, as much as the nostalgics wish it would. I don't think education is the problem here. The last 10 years were a credentials rat race because the labor maket was too slack. That does cause a "skills are going to waste, degrading education" problem, but that's very different. If we can't boost demand enough without more environment destruction, then we must to cut working hours. (And we should do that anyways.) Either of those will create a genuine need for skills to increase productivity, not just to have the best résumé.

wolverine876 5y ago
> The last 10 years were a credentials rat race because the labor maket was too slack. That does cause a "skills are going to waste, degrading education" problem, but that's very different. I believe people in the HN demographic perceive a credentials rat race (and perception may or may not be accurate, of course), but my understanding is that for most of the population, higher education became less affordable. Also, I read several times that businesses needed more skilled workers than they could find; in SV, good programmers have a lot of economic power, as one example.
- imtringued 5y ago
  If everyone who needs a degree gets one the world becomes a better place. If everyone gets a degree then a large percentage of them were not neccessary to begin with.
  - wolverine876 5y ago
    > If everyone gets a degree then a large percentage of them were not neccessary to begin with. I don't see how that necessarily follows. For example, we might say 'if everyone becomes literate, than a large percentage of literacy wasn't necessary in the first place'. Why not?
imtringued 5y ago
The labor market is a buyer market. Demand is inflexible but supply keeps increasing on its own. The end result are anti immigration sentiments. Credential wars are the obvious conclusion reached by the paradox of competition. People get a degree to get ahead in the line, not because the degree is actually necessary. It can turn out to be a waste of time and thereby a net negative if everyone does it.
- wolverine876 5y ago
  > The labor market is a buyer market. Demand is inflexible but supply keeps increasing on its own. That's certainly not true. Since ~1930, the population in the U.S. has approximately tripled, and the average income has increased approximately 10 times (IIRC). Income is not a pie that is divided up into smaller and smaller pieces. That's not how economics works at all. In fact, each new person produces more than they consume (otherwise, nobody would pay them), and they increase demand for goods, which increase demand for production. > People get a degree to get ahead in the line, not because the degree is actually necessary. What is the basis for that? I got a degree because it was both necessary, and because I wanted to understand the world better and have the best thinking skills I could get.

wolverine876 5y ago

> The last 10 years were a credentials rat race because the labor maket was too slack. That does cause a "skills are going to waste, degrading education" problem, but that's very different. I believe people in the HN demographic perceive a credentials rat race (and perception may or may not be accurate, of course), but my understanding is that for most of the population, higher education became less affordable. Also, I read several times that businesses needed more skilled workers than they could find; in SV, good programmers have a lot of economic power, as one example.

imtringued 5y ago
If everyone who needs a degree gets one the world becomes a better place. If everyone gets a degree then a large percentage of them were not neccessary to begin with.
- wolverine876 5y ago
  > If everyone gets a degree then a large percentage of them were not neccessary to begin with. I don't see how that necessarily follows. For example, we might say 'if everyone becomes literate, than a large percentage of literacy wasn't necessary in the first place'. Why not?

imtringued 5y ago

The labor market is a buyer market. Demand is inflexible but supply keeps increasing on its own. The end result are anti immigration sentiments. Credential wars are the obvious conclusion reached by the paradox of competition. People get a degree to get ahead in the line, not because the degree is actually necessary. It can turn out to be a waste of time and thereby a net negative if everyone does it.

wolverine876 5y ago
> The labor market is a buyer market. Demand is inflexible but supply keeps increasing on its own. That's certainly not true. Since ~1930, the population in the U.S. has approximately tripled, and the average income has increased approximately 10 times (IIRC). Income is not a pie that is divided up into smaller and smaller pieces. That's not how economics works at all. In fact, each new person produces more than they consume (otherwise, nobody would pay them), and they increase demand for goods, which increase demand for production. > People get a degree to get ahead in the line, not because the degree is actually necessary. What is the basis for that? I got a degree because it was both necessary, and because I wanted to understand the world better and have the best thinking skills I could get.