The fact that percentage of older population increased is a dead giveaway that most young people are migrating (to US most likely) and more akin to exodus.
A very similar pattern to Venezuela which saw a similar exodus.
I'd also add that it is easy to underestimate the water usage.
Desalination could be viable if it was only for subsistence/drinking. But water use is extensive in every single product/service we use and thing we cconsume. Cost of water going up across the board will have effects that shouldn't be underestimated.
This is real. I work at one of the big tech and have access to their internal head count breakdowns. The overall headcount is mostly stagnant but the US headcount is decreasing with a corresponding increase in Europe and mostly India based HC.
The company I just left is firing as many people in the US as possible and rehiring primarily in India, with Dublin and Toronto by exception.
FedRAMP requires US persons on US soil, and so as far as Americans are concerned, only senior management and people working on the federal business are safe.
Is that true for everyone involved in the project? One of my friends works on a FedRamp project from Pune. Most engg and PMs are in Pune. Maybe the top mgmt and VPs need to be US-based?
No, just the people with privileged access to the system because of the way the data residency, personnel screening and other requirements interact.
You can have PMs or software engineers writing code from anywhere you like, but your engineers in Pune can’t go poking around your FedRAMP High prod environment.
My first thought was that the sanctions are due to investigations into US presidents (like role of Bush in Second Gulf War or Obama/Clinton's role in Libyan Civil war) but it is due to Israel's PM. It's amazing how US admin is making their displeasure known in most destructive way (for their own and allies soft power) possible.
> Hypothetical scenario: we have 100 houses, and 200 young families looking for one. Your solution in effect is: let's give 100 houses to the 100 young people with an inheritance
This assumes that each family only gets a single house. With enough wealth you can buy out all the houses (not considering other factors)
Of course? I think we are debating the same side of this point though: "Inheritance is a horrible way to divide prosperity within society, as it doesn't take into account the wants or needs of the people still alive."
If that is not the case, I unfortunately still didn't get your point.
Where do you think the money that is accrued by the most wealthy will be spent/invested/parked? What will its effects be on the broader economy?
Assuming that the money is all used for altruistic purpose, I could agree with your point. But we know that this money is often used for not so altruistic purposes like investing in PE which asset strip the productive parts of economy or use the money to influence politics and elected representatives via lobbying.
>>Where do you think the money that is accrued by the most wealthy will be spent/invested/parked?
In most advanced economies today, that's equity. The ordinary person thinks of wealth as money lying around in the bank, which the rich person refuses to spend on anything useful. And instead either hoards, or spends on luxury things which cause resentment to the remainder.
The real question is for most people today its easier than ever to invest and then give it to their children. Why aren't people doing it?
>The real question is for most people today its easier than ever to invest and then give it to their children. Why aren't people doing it?
I've been out of full time work for 2.5 years now and had to slowly dwindle my 401k when emergencies popped up.
I didn't think this community was this isolated from the economy given the hundreds of thousands of tech workers displaced these past few years alone. Take a look at what it's like for non-tech workers and come back to ask that question.
And then they lobby to reduce protections and layoff haphazardly to male sure there's no career progression. Then when that's exhausted you move everything overseas because that's still too expensive.
> Poolside partnered with CoreWeave to build one of the largest data centres
Nvidia has a backstop deal with Coreweave [1]. I am sure this is all above board but seeing how these giants all have incestuous relationship with each other makes me uneasy about putting money in the markets.
Yeah, the first article I linked says Poolside plans to spend much of the $1B investment from Nvidia on GB300's. It's all just one circular flow at this point with Nvidia giving everyone cash that they agree to use to buy GPUs from them.
Looked at Shaun Maguire's twitter page and I find it appalling. Maybe I was naive about people in tech being more tolerant (as they both work with and build for diverse people).
I think there’s an argument that the pandemic era caused a lot of resentment in tech executives. They didn’t like employees having better negotiating power, resenting the pay increases and also things like support for BLM or trans rights, and stuff like RTO factored into that showing people who’s the boss. There was also a successful outreach attempt which went under the radar until Semafor published this:
I note this "tolerance" seems to only go one way. Tolerance means supporting the people I like (e.g. "diverse" people), but it never seems to mean tolerating people I don't like. True tolerance is the reverse: tolerating people whose views you find abhorrent.
As someone who previously worked in US with H1Bs who were making well over half a million, I doubt your statement. I have moved out of the US a few years back though.
But regardless, I sincerely hope this policy sticks without any loopholes. This policy will only incentivise companies to move more of their operations to other countries and only keep the bare minimum in US to keep their US business thriving.
As someone who worked with mulitple H-1Bs making less than their peers, I believe his statement.
This visa is very two faced. One hand, it's been used to import some really smart people into the United States who have gone on to do incredible things. Other hand, it's been used for job replacement by "native" workers who can do the job but were "too expensive".
I've worked with and hired people on H1B. At least from my experience they're treated (from a job offer perspective) just like any other candidate. Some get bigger offers because they negotiate well, are in high demand positions etc and some don't. There was no lowballing candidates because they're on H1B or need sponsorship.
Then that's your experience. I've worked with H-1B where their salary was lowballed or job title was. Not to mention the difficulty in switching jobs and 5 years in, they were severely underpaid.
My original comment about being two faced I still stand by.
A very similar pattern to Venezuela which saw a similar exodus.
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