Part 2 on your 35% comment: with higher prices come higher wages and the gov't gets more taxes.  After a few years, Congress will adjust the tax code, meanwhile the really low income folks who weren't paying much, pay quite a bit. Regards, George Toft On 12/2/2022 7:19 AM, Keith Smith via PLUG-discuss wrote: > Hi Ed, > > > > On 2022-12-01 22:37, Ed via PLUG-discuss wrote: >> you should look up the difference between a recession and a >> depression. Odds are we will have a middling recession, but the real >> problem is and will be inflation. Inflation is a ratchet, it only goes >> in one direction and hits everyone and everything*. It's like a >> network that has more and more noise on the line. For context, >> consider that people experience something like a half dozen recessions >> in their lifetime - more or less. It's the business cycle. > > I'm old so I have lived through more bad economies than good economies. > > I think this one is going to be the worst of all. > > >> >> You already said it -  you expect robotics to become more involved so >> go do that. Just remember robots are capital intensive - so go with >> the big. >> > > I'm specializing in browser based business web apps.  I like robotics, > however at this station in my life it is probably not a good fit. > > >> *except for Japan and it's lost decade(s) - they had/have deflation > > > I think we are about to have really bad inflation for the next 10 > years. Based on what I hear, the fed cannot raise interest rates high > enough to kill inflation because we have over 30 trillion in national > debt.  It is my understanding that as they raise interest rates the > cost of servicing the debt goes up.  Given that we may have to just > ride this out. > > Another thought that is floating around is the Federal Gov. likes > inflation.  Think about it.  If we have 10% inflation for the next 10 > years that means the value of national debt is reduced to 35% of what > is is today. > > > >> >> On Sat, Nov 19, 2022 at 7:13 AM Keith Smith via PLUG-discuss >> wrote: >>> >>> >>> >>> Hi, >>> >>> I am reading and watching YouTube videos that say the economy is going >>> to tank to maybe as bad as the depression. >>> >>> If this is true what skills are going to be in demand. >>> >>> I suspect there will be a real push to automate things so I'm guessing >>> those who can create browser based business web apps and phone apps >>> will >>> be in high demand.  That will equate to the administrator skills to >>> support such things. >>> >>> I also expect robotics to become more involved in factories, >>> manufacturing, and even flipping burgers. >>> >>> What say you? >>> >>> Thanks!! >>> >>> Keith >>> --------------------------------------------------- >>> PLUG-discuss mailing list: PLUG-discuss@lists.phxlinux.org >>> To subscribe, unsubscribe, or to change your mail settings: >>> https://lists.phxlinux.org/mailman/listinfo/plug-discuss >> --------------------------------------------------- >> PLUG-discuss mailing list: PLUG-discuss@lists.phxlinux.org >> To subscribe, unsubscribe, or to change your mail settings: >> https://lists.phxlinux.org/mailman/listinfo/plug-discuss > --------------------------------------------------- > PLUG-discuss mailing list: PLUG-discuss@lists.phxlinux.org > To subscribe, unsubscribe, or to change your mail settings: > https://lists.phxlinux.org/mailman/listinfo/plug-discuss --------------------------------------------------- PLUG-discuss mailing list: PLUG-discuss@lists.phxlinux.org To subscribe, unsubscribe, or to change your mail settings: https://lists.phxlinux.org/mailman/listinfo/plug-discuss