Hmmmm,
Well, considering that the fed has many of the same types of people in charge as they did in the 1970’a and the 1930’s, the result is going to be the same. They may call it something different, but at the end of the day, it’s still government control of a fiscal system that should have very little control. Most of these systems are self regulating if you leave them alone (and if they don’t get skewed by influence from multinational organizations bent on some control of the markets).
Cloud is definitely one area to look at. Another is cyber security (there is a chasm between what we have and what we need), also robotics (specifically programming and maintenance). Also, no matter what, there will always be a need for the Infrastructure technologist with endorsements in security and database management.
So, several fields of good possibilities. However, we need some way of powering it all that doesn’t depend on inefficient renewables (and wind/solar are just that, inefficient). I point those out as I happen to have some experience in those areas (in so far as research goes). Also done a lot of prepper work trying to keep my footprint on the grid as low as possible Now, unless they completely redesign the solar panel, about 30% is all you are going to get for energy conversion efficiency. Wind isn’t any better for several reasons, including available area to place it and exotic materials involved that are hard to recycle and still require carbon in the mix. There is no way to avoid that last, so I wish the climate idiots would go peddle their wares elsewhere (like china).
Anyway, enough of my rant.
-Eric
From the Central Offices of the Technomage Guild, Research Operations Dept.
> On Nov 30, 2022, at 7:37 PM, George Toft via PLUG-discuss <plug-discuss@lists.phxlinux.org> wrote:
>
> I'm inclined to disagree with the nay-sayers.
>
> Been watching a youtube channel called "Mark Moss" who does a pretty good analysis of trends, and I just saw a Bloomberg Markets and Finances video where the Federal Reserve's Richmond Fed President Thomas Barkin stated the Fed will do whatever it takes to control inflation. Sounds like they're going to do something different than the 1930's (we saw how well that worked), and something different, maybe, than the late 1970's/early 1980's. It's my sense that they will ratchet up the interest rates in 0.50-0.75% increments. Personally, I don't know that they can do anything different than the 80's with prime at almost 20%.
>
> Worse than the Depression? I doubt it. As bad at 2009? Probably worse.
>
> Low interest rates drive businesses to delay hardware investments. High interest rates drive purchases as the same equipment will cost 15-20% more next year. Deflation stifles hardware investment as it will be 10% cheaper next year, so why buy now? (That last sentence is a one-line summary of former Fed Chairman Bernanke's essay on the failures of the Federal Reserve in the 1930's, and why inflation is intentionally driven to run at 2%.) No matter what happens, layoff's are coming.
>
> So what's an info worker to do?
>
> Be the best in your field. The marginal folks will get laid off and do something different, which clears the field for the rest of us. What technology to focus on? Cloud. There simply aren't enough Cloud-certified architects/engineers and all these companies are rushing headlong into the cloud. Terraform is probably the best platform to learn for cloud deployments as it's universal for AWS, GCP, Azure. Then there's Ansible.
>
> Personally, I think competing against someone from India with a Bachelor's Degree (or Master's) who will come here and work for $45K is ludicrous (my son just got an entry level customer service job for $21/hr, which is $42K/year). Look for something they don't do well - orchestration, solution engineering, problem solving.
>
> Don't be a 50 year old coder - it's a dead end.
>
> Regards,
>
> George Toft
>
> On 11/19/2022 7:12 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
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