For people like Schiff, existence is a for profit business. May work for them as a business model, but I don't want these sociopaths anywhere near the government.
That last chart was pretty telling. All the slack given up by manufacturing has gone into the services, and Pete's favourite, the FIRE economy. #LOL
Which brings up the question of what "red tape & regulations" is Pete talking about (examples)? The productivity is clearly deduced from the Output vs Manufacturing labour chart.
It seems there isn't any problem with his "industry" judging from its growth.
What's the barrier to entry there? Does he fear further competition squeezing his margins?
It depends on the circumstance... I have two friends who are both in the automotive industry. One friend went straight to work out of school, the other went to school to learn about cars. The person who went to school is now working for the person who went straight to work after school making 8 bucks an hour less, and learns from him. There are a few instances where experience in the job setting negate the need for "higher education".
@YODUNNY Yeah well your friend who went to school for automotive technology chose a good productive field of study. Kids are always striving for those communications or agricultural business degrees. That's not going to help you on a farm and that's not going to help you in any plant. People need to just work. Not everyone can be the manager. You need grunts. Schiff may be off base a lot, but any who argues that this country has any productive capacity at all is a fool. Bad example yodunny.
For people like Schiff, existence is a for profit business. May work for them as a business model, but I don't want these sociopaths anywhere near the government.
DefenceSpeech 8 months ago
Idiots...why Schift is even invited to interviews?
DinaStrange 8 months ago
@DinaStrange
Because hilarity ensues. They want him to expose the lunatic ideology driving the tea party, free market fundamentalism, etc.
GnomesAmok 7 months ago
no matter what question is asked, he has the same answer
missmahnee 8 months ago
That last chart was pretty telling. All the slack given up by manufacturing has gone into the services, and Pete's favourite, the FIRE economy. #LOL
Which brings up the question of what "red tape & regulations" is Pete talking about (examples)? The productivity is clearly deduced from the Output vs Manufacturing labour chart.
It seems there isn't any problem with his "industry" judging from its growth.
What's the barrier to entry there? Does he fear further competition squeezing his margins?
heckler73 8 months ago
It depends on the circumstance... I have two friends who are both in the automotive industry. One friend went straight to work out of school, the other went to school to learn about cars. The person who went to school is now working for the person who went straight to work after school making 8 bucks an hour less, and learns from him. There are a few instances where experience in the job setting negate the need for "higher education".
YODUNNY 8 months ago
@YODUNNY
that is a remote example. most managerial and above positions require university qualifications, its as simple as that.
SchittReport 8 months ago
@YODUNNY Yeah well your friend who went to school for automotive technology chose a good productive field of study. Kids are always striving for those communications or agricultural business degrees. That's not going to help you on a farm and that's not going to help you in any plant. People need to just work. Not everyone can be the manager. You need grunts. Schiff may be off base a lot, but any who argues that this country has any productive capacity at all is a fool. Bad example yodunny.
paynesm2 8 months ago