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
> <plug-discuss@lists.phxlinux.org> 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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