Economics - science, theories, programs, and policies

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I’ll explain by providing a teensy-weensy example: I’ve been lucky to have toured numerous assembly lines. Inside the plants, you’ll see some great big robots and lots of high-tech computer screens and entire engines being lowered into unfinished chassis. But you’ll also see numerous bins filled with screws and bolts and clips and all manner of fiddly little components that, you know, hold the car together. These bits are not American made because it would be unbelievably costly to pay for American-made bits.

I have worked in two American HVAC factories and it’s the same. In fact, for some of those bits, there currently are no American suppliers, so even if a company wanted to go 100% American made, they couldn’t.

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And it’s not that it’s impossible. It’s just that it would take an honest decade to tool up the factories and automation technology to make all those things here within an order of magnitude of the cost of importing them.

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This is the point I keep making to folks on FB who claim businesses will magically spring up out of the ground, so next year “everything will be made in the USA again.” :roll_eyes: I usually start by asking, “Have you ever seen how long it takes to build a house?” There are Amazon warehouses along most highways in the area, so that’s another good reality check for anyone claiming it takes less than a year. After that, I mention all those were built before the new anti-immigration policies hit the construction industry - so it will probably take much longer to build anything now. :woman_shrugging:t5:

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It’s unwise to do business with a banana republic country whose wealth is highly concentrated but won’t be taxed anywhere near at the rate it would be necessary, and a rapidly increasing amount of people who are so poor that they can’t be taxed to make up for it.

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This is the part that makes no sense to me. I guess some GOP pols really believe businesses who don’t sell luxury goods or serve the wealthy will find all their customers and clients in other countries. If they can’t “win” by doing that, owners of those businesses will just be losers who go broke and die, too. I can’t wait for the :tangerine: :clown_face: aka Reverse Robbin’ Hood to get the consequences he deserves…along with his minions in the GOP. Belle does a great job covering how they just want to punish the poor:

:face_with_symbols_over_mouth:

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Here is a link to the report mentioned in the video linked above:

The Minimal Quality of Life Index (MQL) offers a more comprehensive measure of the cost of living than traditional metrics, revealing the resources needed to secure a foothold on the bottom rung of the American dream and climb it over time.

Here’s a direct link to the LISEP white paper that makes it clear what categories and details are included in their quality of life analysis (beyond basic survival):

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That makes sense. Throw out the immigrants who actually want to work and then make the olds work themselves to death. Somehow this seems counterproductive, but maybe it’s just me…

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Hey - you olds need to get out of the way!

But you’re not allowed to retire.

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It’s right up there with pushing substandard wages that disincentivize young people to work terrible jobs, while complaining they aren’t working enough / paying enough into the social safety net to keep the system going. :weary:

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It’s almost as if the problem wasn’t about the age of the workers at all.

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Well, there are 3 of the 6 docs in my practice all planning on retirement within the next few years. The productivity of our new docs is a fraction of what we do, but that is probably a good thing, because we were brought up in the days of “work-life balance is for wimps. More hours, more patients, more good!” The new folks are more along the lines of “A full schedule is fine, thanks. No, I don’t need more.” The calculation is that it would take 4-5 docs to replace the productivity of us 3. The higher ups are in hard denial of this. They will not consider bringing in anyone new now to get up to speed. Now, in fairness, they are also doing some major retrenching to deal with the anticipated cuts in revenue coming in the next year or two. And our Medicare and immigrant population keeps going up. It will not go well, mark it down.

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big capital expenses when the Mad King might change the rules because of something he saw on an old episode of Night Court. No country is going to be too concerned about deals that he will never stick to.

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Yields on 30-year U.S. Treasuries have spiked above 5% this week — an unusual, and unsettling, surge in the price that the U.S. government pays on its long-term debt. An increase in bond yields is particularly damaging to the economy because it jacks up the interest rates on many things that consumers pay, such as on mortgages and other loans.

Yeah, this is not good.

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I’m going to go out on a limb and guess that in the past decade, they’ve added 2 pediatricians-worth of administrative/business overhead that could easily be cut, except the people making the decision to do so are the people who would be cut,

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It’s all we exist for… to make some rich asshole richer after all…

:rage:

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I would argue the administrative nightmare is a requirement, due to private insurance. And they’re not going to be cutting their people, because they make money every time a pencil-pusher with no medical training denies a claim.

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