Very slippery, or shall I say 'artful' language, could be interpreted as meaning the opposite of what his words supposed to convey.
American Economics Thread
- Thread starter Bernard
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Very slippery, or shall I say 'artful' language, could be interpreted as meaning the opposite of what his words supposed to convey.
It's so strange hearing about people who never lived in America and people who lived in America agree on the most ridiculous portrayal of America.
Am I the only person here who lives in America but has also lived in other countries? The quality of life and economic opportunity is simply immense relative to... the vast majority of the globe.
Am I the only person here who lives in America but has also lived in other countries? The quality of life and economic opportunity is simply immense relative to... the vast majority of the globe.
Lol.
Or well, yes, the quality of life for like, the upper half was quite good (especially pre 2008), afterwards it has gone quite a lot downhill (especially after covid around 2022-2023).
But quality of life for the bottom half really isn't all that good, especially now in 2024.
Not the bottom half, the bottom 20%. Second quintile households ands individuals tend to do quite well relative to even wealthy European countries. However, the dropoff for the bottom 20% is quite steep, especially with the poor state of social services in U.S.
But again, this really isn't quite bad compared to most countries. QoL of the poor in most countries is well below America's.
Canada may have higher quality of life than the US even with high inflation giving the I think they have a stronger safety net. But I do think US is still a better place for making money than Canada.
Anyways, I think in any country it always depends the social class you are, 1%, middle class, bottom of the economic hole, if a person is a low wage earner or higher wage earner, can't pay rent or is a owner, if barely can pay for trash food. The people who have assets, their quality of life may have been maintained or increased but for the people who don't hold assets or can't afford assets they may have seen fastest decline of quality of life in the develop world, with high inflation and given that US politicians have been cutting the country safety net for quite some time. Personally I don't think there is a conspiracy to show a rise in tent cities by documentaries in Youtube, but who knows. I do think the sooner the FED and US politicians realize that easier would be to deal with the problem. They should have acted sooner thou instead of keeping of hyperinflating assets.
manqiangrexue
Brigadier
It's the difference between an acute strike vs prolonged damage. Mao closed off China's universities for a decade but afterwards they grew and grew to create the highest number of STEM students in the world. The US didn't do anything quite so drastic but it continues to suffer from its deficiencies mainly stemming from parasitism by zionists. I have never seen a country so savagely oppress its own intellectual class for the benefit of a foreign country before, not even close. There is no doubt in my mind that if I were running a country and it suffered this American problem, I would rather shut down the universities and take care of it once and for all rather than let the poison continue to course indefinitely. So... maybe it's not like closing down the universities for 10 years; that's because it's way worse.
IMF predictions are vanilla. They basically do a past-determines-future approach and limit the number of years to the ones immediately in sight. They can basically be replaced by a machine algorithm and it wouldn't even need to be a very complicated one. The American economists who try to actually step out from being an excel sheet often predict gloom and doom for China for some odd long term reason stemming from the CCP's control and they are always wrong.
They wanted more people to take the tests so are they phasing out the use of the SATs at all in college placement? American logic LOL
There is no possibility that removing standardized testing can maintain the quality of attendees. Unless you use other, illegal means to vet, you will have these schools overrun with hoodlums like the SUNYs and CUNYs have become.
No, that's called making an American excuse instead of working for a solution. If that's called addressing the issue then anything can be "addressed." Rape murders can be "addressed" with excuses too.
The places I mentioned are major US cities, not rural America. These students are externally equipped to succeed, but lack the internal requirments to do so. China's rural students are moving up by the leaps and bounds with government aid to eliminate poverty. American students in Baltimore and Chicago, not so much. I think it's actually getting worse because I've never heard of such high failure rates just 10 years ago. Also, that rural students underperform compared to urban students is likely true in every setting, but by how much? There is nothing in China comparable with dozens of entire schools in major cities having every student fail standardized math/reading. In China, if the passing rate wasn't high enough, the principal and any relevant teachers are replaced. That's called accountability.
And now that standardized testing is being reduced...
Ambiguous due to lack of data at best. This kind of failure rate likely reflects lower mathematic literacy than when everyone was homeschooled and had to take responsibilty for themselves.
Aaaand that is another American politician answer from the inability to address the fact that his parameters are far less useful than the ones in the research I provided.
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manqiangrexue
Brigadier
So due to the risk factors being random, that means the results aren't meaningful, and if the results aren't meaningful then neither is your original plot showing a decrease in the US. After all, the risk factors are random and could be changing so the decrease could reflect good or bad risk factors, right?
But the greater academic performance of Chinese kids is very meaningful indeed.
It's not a zero-sum game if you're looking for improvement in absolute life quality but American politicians don't care about that; they want competitive dominance and for that, it is very much a zero sum game.
Like I said, if you wanted to bring up your old defeated points, in which I already showed you that the further onto the speartip, the more foreigners (or actually very specific foreigners like Chinese) dominate, you should go back to my post which you ran away from and failed to respond to, and take it from there. What you are doing is abandoning arguments you lose, and just spitting them back out randomly again as if they had never been discussed before.
Discontinuity of what? It's demonstrated in the field that the top performers in STEM fields in the US are dominated by foreigners. Whether or not you think its ridiculous has nothing no bearing on that reality.
Yeah... reliant on foreign talent at the top. This addresses nothing.
(oh it is)
1. Today is not 1990; we're talking about moving trends
2. US born still includes a lot of minorities who have less and less reason to identify as American, particularly the all-important Chinese group.
The number of Chinese scientists one can attract and retain is all that matters.
And don't forget, in a power struggle which the US wishes to be in, it's a competitive zero sum game.
The largest maybe, but the growth is in foreigners.
Lol no.
Have you met people earning median wage or less? (The bottom 50%)
Also, why the hell are you comparing US with developing countries? You should compare with other developed countries lol.
I was raised on below median wages, as have most of my friends and yes, I have been to other countries. Considering the high VAT, the high price of housing, the high prices of food in Western Europe, I would not want to be poor in Europe. Even after we take social safety nets into account.
It's a give or take with Canada. I'd say they're about the same. You have slightly higher costs in United States in some categories, but you'll also have higher pay. Canada has better healthcare coverage and better social safety. Disposable incomes are roughly even but the housing crisis is significantly worse in Canada.
> Raised.
In other words, likely decades ago.
How things were back in the day (like before 2008) is very different to how things are today lol.