We'll agree to disagree here. It's already better than humans. It's legal stuff holding it up now.
John Deere strike imminent?
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We'll agree to disagree here. It's already better than humans. It's legal stuff holding it up now.
We certainly don't. Unless you work in AI (I don't, but have a basic understanding of what machine learning does) or can explain how and why machine learning technology can teach computers to improvise and know what to do in unknown situations, then I'm going to take what you say as more hype. And you might be right at the end of the day and I might be wrong. But nothing has shown me that self driving cars are ready.
There are some cases where self driving cars perform the same as humans, but get penalized. There are plenty of others where they perform worse. The tech of regularly driving around is not well established. Self driving cars still struggle to stay in their lanes if the lane markers are faded out. Tesla's "summon" technology can't even get the car across a parking lot without issues. There are tons of issues with self driving technology.
Right now, self driving works in ideal, perfect scenarios where there are few opportunities for deviation from the norm - freeway driving. It also works in areas where it's ok for the car to basically freeze up and come to a complete halt if it doesn't know what to do (those small scale projects where cars are limited to low speeds in a few neighborhoods) and where there are relatively few variables that it has spent large amounts of time learning.
If it worked outside those specific scenarios and produced driving performance the same or better than an average human driver, it would be approved for use today.
My bad on missing your references on real returns but again I'd like to point out the numbers you are using are an educated guess and nothing more.
We can have better outcomes for those on the lower end of the income scale by indexing to retirement income and/or increasing the cap on payroll tax.
Finally, after a cursory search, I found instances of political influence in the Federal Retirement Thrift and the Canadian Penetion Plans. (See below)
Look I'm not completely close-minded regarding getting more aggressive with SS investment but with the already close relationship between business and goverment, I'm very skeptical about a plan that makes that relationship even closer by having the government directly own 7% (by your calulation) of the 500 largest US based companies.
Any plan would have to include almost complete autonomy from the federal goverment, thorough oversight via Congressional and third party audits, and strict regulatory enforcement.
Lawmakers Question TSP Foreign Investment Decisions, and More
A weekly roundup of pay and benefits news.
Canada's vast pension fund is sticking with China even as political tensions mount
Mark Machin, president and chief executive of Canada's Pension Plan Investment Board (CPPIB), sees the country's potential to diversify his portfolio as outweighing any shorter-term economic setbacks.
Did you read my post? I think that it will happen but it's further than people think. Not saying we shouldn't figure out solutions for how to handle it because it's absolutely going to continue to trend that way. I also said there will be more jobs where people will require more training than just turning a screw and we need to prepare our workforce for that as we currently lack a lot of people with that technical training
Start taking small fractions and investing it in indexes. Then at retirement, subtract 50% of the gain from SS. Do it until the proceeds are greater. I’m guessing that they could be 50/50 and people would be better off in a couple generations
I'll take on that question. Simple supply and demand. Many factory jobs require skills that are not overly complicated and widely available. Can you read financial statements? Understand how geopolitical risks or currency fluctuations affect profits? Just in time supply chains? Marketing? Healthcare costs? Oversee an army of subordinates who are supposed to be putting that stuff together to make sure they're competent? Get it wrong and you've lost 500 times your salary. Get it way wrong, and you bankrupt the company and cost people their jobs.
People with those skills are highly sought after. It's just like the worker who leaves one company to go someplace else. Someone else was willing to pay them more. Just so happens that their W2 has more zeros on it than yours.
The worker has more power now than at any time in history. In 1950, people didn't know any better and didn't have access to information that could make them far more productive and valuable in the market place. Today, you can flounder in a low skill job, barely apply yourself, and get by. Because people are too dumb and/or lazy to maximize the opportunities that are available today has nothing to do with capital exploiting labor.
Crappy corporations survive because employees keep choosing to work for them. Workers have all the power as a corporation can not make anything without employees.
It was very flat the 2 years prior to the pandemic. Something changed. I think the graph helps explain why his performance based bonuses increased so much.
I doubt there has ever been a incident like this with a bargaining unit worker...
In a nutshell, the excess capacity in the oil industry vaporized because of Covid. For a myriad of reasons, the capacity hasn't come back online as quickly as demand has. This has driven up the price of oil along with the price of corn and soybeans. (ethanol and biodiesel) It has gotten farmers (after several years of crap prices) to buy new equipment. IDK about 2018, but I assume they lost money as they did in 2019.
Sig is being generous on his description of SS. SS is a tax and welfare program. The "trust fund" nothing more than an accounting entry of the money it's spent. It's akin to you blowing your paycheck, writing yourself an IOU, calling it an asset, accruing interest on it, and then saying you still have the money and that it's invested. There is no market for that debt. No one can buy it, even if they wanted to.
The only way the government has to make good on those obligations is to tax others. The government taxed the money and then spent it regardless of how much it collected. No trust fund, no lock box. End of story.
You may believe the stock market is risky, but even if that money were to be invested in the S&P 500, Russell 2000, etc, it would be invested in real revenue producing assets. Compare that to the government that has less to show for itself every single year at year end as it goes further and further into debt.
The only way to fix it is to jack up taxes (again) and invest that portion of money in the market and begin the transition to a privatized sovereign wealth system...as well as upping the retirement age. It's going to be a tremendous **** sandwich, but the longer we wait, the more it's going to suck.
No. No they do not. They do the opposite actually.
For grains it’s because of SA crop issues and other areas. Ethanol has been shutting down plants.
Would it be OK if we keep the discussion to John Deere, the strike, things within at least 1 degree of separation from that, funny memes on the topic, etc?
Maybe the debate on Social Security vs. the market can be its own thread???
Maybe the debate on Social Security vs. the market can be its own thread???
