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It’s a dark time to be a tech worker right now
  • Startups need a lot of capital flowing in because they don’t turn a profit early on. Traditional smaller businesses usually don’t have this sort of funding because the reward is lower. With tech, there’s a strong chance that company could become public or could get bought out. Or it could stay private and eventually become profitable. Regardless, they need investments made so they can continue to operate to eventually deliver a valuable product that will possibly offer significant returns to the investors.

    The pandemic happened, which led to several outcomes. For one, a lot of boomers retired. Boomers were earning a lot of money. Then they stopped earning money and started dipping into their savings. This had a strong reaction. Capital became more scarce. Don’t believe me? Look at what banks are paying for 12-month CDs and the interest rates in savings accounts. It’s insanely high compared to two or three years ago.

    This trend likely won’t last forever. Gen Xers and millennials have been moving into vacated roles by the boomers and are now earning more than before. They’re able to generate excess capital that investors can use to fund startups. There’s no shortage of innovative ideas in the western world, but there is a shortage of capital.

    Not every county in the west is going to recover the same way. The boomer generation is the largest generation in history. Not every country kept having kids at a relatively similar pace. Typically, developing countries have much higher population growth. As countries industrialize, we see certain trends like both men and women joining the workforce and people moving to the cities for work. People generally have fewer kids with these trends as they are more focused on their careers and have less room to raise them. Nobody wants to raise a child in a one-bed apartment!

    The United States is one of the rare exceptions. With a trend of consistent domestic population growth and immigration, the U.S. has avoided the fallout from rapid industrialization. Because of that, we’re seeing some interesting trends:

    • Under Biden, the post-pandemic POTUS, the U.S. has entered a prolonged period of rapid onshoring of manufacturing jobs. The addition of factories, distribution centers, and more have been increasing exponentially.

    • Germany, Italy, South Korea, Japan, and other similar economies have seen the impacts of a shrinking younger population and a ballooning senior population. These nations will likely keep the design of their products onshore, but will send manufacturing offshore. The U.S. and Mexico are the biggest winners here, but Mexico is at a disadvantage compared to the U.S. due to a greater difficultly in maintaining infrastructure.

    • Emerging technologies make the production of goods in the U.S. more feasible. Advancements in AI, robotics, and renewable energy will make production in the U.S. more logical despite the higher wages its workers command because less workers will be needed, or other savings in the realm of security, stability, and access to transportation infrastructure offset that factor.

    There will not only be excess capital generation in the U.S., but there will also be excess capital flowing into the U.S. It’s also not to say that tech jobs will never recover outside of the U.S., but the reality is that we are in a capital shortage for a specific, acute reason. Less people of working age able to not only fill the vacated roles left by boomers, but also difficultly in paying the pensions and benefits offered to retirees. This will dry up even more capital in those particular nations.

    Tech jobs have always been finicky. That won’t change going forward. But if you’re in the U.S., there’s a strong chance you’ll see things bounce back quicker than they will in other countries.

  • House Intel chair warns of 'serious national security threat' ahead of planned White House briefing
  • Uhhhm, the article was mostly Republican congressmen urging the President to declassify the briefings and they all said the threat originates from Russia. So this is one of those rare times where Republicans seem to be genuine in their concern

  • Call 911! Or Don't!
  • Any data on whether or not their numbers have diminished? The GOP was never friendly towards the LGBTQ community but the attacks have ramped up significantly post-Trump

  • The Orange Genius
  • Reagan has been absolutely catastrophic for the United States. The amount of debt that we have would never have happened had he not basically ended taxes for the top bracket. Should taxes have been lowered? Sure. But by like, 40%? God no. The budget cuts fundamentally changed the nation.

    And yet, compared to Trump, he’s like this ideal Republican candidate who at least wouldn’t abandon geopolitical allies while fucking over the working class and the lower class. It’s just insane how far the GOP has fallen and it’s even crazier how so many still think they’re not doing enough.

    Fuck Christian fundamentalists and fuck anti-government zealots who want to defund the government and everything it provides for those that need its assistance.

  • Biden Denounces Trump’s Support for Russian Attack on Allies as ‘Un-American’
  • “AIDING AND COMFORTING OUR ENEMIES” was what they cried out when a Democrat question Iraq. Somehow, Republicans have convinced hordes of Americans that’s it’s the Dems who uphold neoconservatism when all that Democrats want to do is stop a valuable and trustworthy ally from collapsing.

  • Why are they like this
  • One of them on chapotraphouse said “I’m gonna vote for Trump just so see the US finally burn to the ground” and I replied “horseshoe theory: confirmed” and the mods removed my comment lmao

  • An “Interstate Water System” could fix the West’s water woes

    bigthink.com An "interstate water system" could fix the West's water woes

    We have pipelines for oil and natural gas. Why not water?

    An "interstate water system" could fix the West's water woes

    Older article (from 2021) but it’s even more relevant today. The eastern seaboard is getting pummeled with heavy rainfall. Especially the northeast.

    A NYT investigation found that many communities are using up their groundwater at dangerous rates. Why not use the excess water the East gets to replenish what is in short supply on the other side of the Mississippi?

    Now what would be really sick is finding a way to pipe in water from the sea and have a way of desalinating it along the pipeline as it gets closer and closer to its various destinations. That would be a boon for the southwest US, south Saharan Africa, and Australia, but that’s a bigger project than simply finding ways to pipe large amounts of fresh water westward in a country that already has a track record of large-scale infrastructure projects.

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    India targets Apple over its phone hacking notifications

    India could be so much more than what it is devolving in to under Modi

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