American Economics Thread

[FriedRiceNSpice]

Or…US born individuals have social connections, professional relationships, and otherwise that allow them to find employment without a need for either an educational signal and they are able to stay in the U.S. without college degrees (neither of these is the case for foreign-born workers). Even if you continue your blood and soil shitck - 80% of the stem workers with bachelors degrees are not Asian.

If you go to the bare baseline of "competent" STEM professionals, ie software engineering at a FAANG, you will find that indeed 60-70% of the engineers are Indian/Chinese. Not that you'd ever be able to witness this for yourself.

 

[luminary]

Some great graphs in the first half of this video showcasing the impoverishment and generational inequality in the US.

 

[Serb]

A great pretty realistic short (10min) overview of the US-China economy and power competition, worth watching (highly recommended).

 

[FairAndUnbiased]

All I'm gonna say is, since finance, fossil fuel and software has sucked up all the economic oxygen, people elsewhere have extremely low wages and morale. Motivation in every other industry is rock bottom. Wages are stagnating while prices skyrocket.

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[luminary]

Police departments in the US are money-making corporations that abuse their extralegal privileges and prey on the underclass.

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The cost of hiring an attorney—a virtual necessity in navigating complex civil forfeiture processes, where there is generally no right to counsel—often outweighs the value of seized property.

Still, many small forfeitures can make a great deal of economic sense for law enforcement. In just two years, the Wayne County forfeiture program that claimed Stephanie’s car generated $1.2 million in revenue from 2,600 cars.

It's known that police are some of the most petty and power-hungry people in the country.


Unsurprisingly, bullying the poor and keeping them down only further drives crime and creates better business for the "law enforcement".

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[Bellum_Romanum]

A great pretty realistic short (10min) overview of the US-China economy and power competition, worth watching (highly recommended).

I actually heard this guy's perspective on this podcast where he expound and explained about energy, dollar, RMB, bonds, debt and other geopolitical issues of the day. It was a very interesting listen.

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[SlothmanAllen]

Interesting stats on how CHIPS act is forecasted to impact US semiconductor production.

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[Maikeru]

Interesting stats on how CHIPS act is forecasted to impact US semiconductor production.

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That last slide - US 28% capex and China only 7% seems to be over-optimistic to the point of absurdity.

 

[gelgoog]

SIA is chest thumping over guesstimes made of what the market will look like a decade from now.
In a decade a lot of things might happen. China could even get its own EUV lithography for all we know.

 

[FairAndUnbiased]

Interesting stats on how CHIPS act is forecasted to impact US semiconductor production.

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Going from 0% at <10 nm to 28% within a year.

Lol. Lmao even. Are they assuming TSMC up and running or something? Or counting Intel 10 nm rebrand to 7 nm?