[wplug] Best mid-life career advice

[Nathan Marcus]

Wow, this email thread is a superb overview.  I have even printed it
out in fact and intend to show it to somebody I know considering
entering this path right now.

Thanks.

On 9/3/07, Bryan J Smith <b.j.smith at ieee.org> wrote:
> Combination of the continuing military-industrial complex,
> combined with the acquired US wealth and investments in other countries,
> combined with the lack of the Chinese liquidating their acquired US assets.
>
> The Chinese are the major factor, especialy with our private
> and public debts. Next is the fact that that the US does have a lot of
> foreign assets, just like the British do as well, which keeps them afloat.
>
> But make no mistake, our golden age is long past, and the US private
> economy will not be able to sustain its 40+ year of gradually increased
> social spending, and our economy will result in much like the British shortly.
>
> A good amount of unemployment and lack of industry, resulting
> in an even greater separation between existing wealth and unable to
> gain any wealth - let alone unaffordable house and other "entry-level"
> type investments that are the foundation of wealth.
>
> We are no longer the "land of opportunity," and becoming
> much like the British "land of (some) entitlement."
> No depressions, but I full expect 10% unemployment to be commonpalce,
> and 90 either employed by the public, or in low-paying serivce jobs.
> All within 20 years.
>
> Once the raised income taxes become the norm again, people like
> myself will question if I should even work, or my wife, and income
> will actually go down, and the GDP with it, as we return above the
> "Point of diminishing returns" of 47%.
>
> Oh, and everyone will have healthcare, and it will *NOT* include what
> most people have with their HMOs today, and definitely not the
> multi-million dollar procedures that save lives which everyone assumes it will.
>
> --
> Bryan J Smith - mailto:b.j.smith at ieee.org
> http://thebs413.blogspot.com
> Sent via BlackBerry from T-Mobile
>
>
> -----Original Message-----
> From: Neal Sofge <neal_sofge at rand.org>
>
> Date: Sun, 2 Sep 2007 23:20:13
> To:General user list <wplug at wplug.org>
> Subject: Re: [wplug] Best mid-life career advice
>
>
> > I think it's the exact opposite, we've pissed away our competitive
> > edge.
>
> OK, so why can we continue operating, then?  What's paying the bills?
>
>
> --
> Neal Sofge, Web Technology Analyst
> RAND Corporation <http://www.rand.org/>
>
>
>
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