I agree, with one addition. In the 70's and 80's my pay lagged 20% to 30% behind inflation. What might have been decent pay was mediocre... On 2022-12-11 06:12, George Toft via PLUG-discuss wrote: > 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 --------------------------------------------------- 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