Ed, This is another reason why Second Incomes not dependent upon jobs or savings are becoming so important.
When a substantial portion of income,the goal is half by about age 50, is derived from diversified investments - individuals have the time and money to pursue more of what they want to do, rather then what they are forced to do by circumstance. Aesop Institute intends to offer an on-line course about this plan, and the binary economics invented by Louis Kelso that led him to develop the Second Income idea. Gary Reber, who will develop the course, has a website foreconomicjustice.org devoted to the subject. Second Incomes on the www.aesopinstitute.org website provides additional information for anyone who might be interested. Mark Mark Goldes Co-Founder, Chava Energy CEO, Aesop Institute www.chavaenergy.com www.aesopinstitute.org 707 861-9070 707 497-3551 fax ________________________________________ From: Edmund Storms [stor...@ix.netcom.com] Sent: Tuesday, January 29, 2013 10:07 AM To: vortex-l@eskimo.com Cc: Edmund Storms Subject: Re: [Vo]:Another article about the impact of automation on employment On Jan 29, 2013, at 10:57 AM, James Bowery wrote: The "low wage" argument doesn't wash. The H-1b workers are not being paid below minimum wage and that's what the un/deremployed older engineers are getting. What is going on is an individualist culture is being taken over by, not one, but multiple nepotistic cultures. This might be true on a few occasions, but it is not true throughout the economy based on my experience. I would like to hear from some people who actually decide whom to hire. Is this conclusion by David valid? Ed On Tue, Jan 29, 2013 at 11:34 AM, Edmund Storms <stor...@ix.netcom.com<mailto:stor...@ix.netcom.com>> wrote: Thanks Jim for making my comment more vivid. The situation is growing worse and your personal experience is one of many tragic consequences. The driving force behind hiring is the cost of labor. People from other countries are cheaper, the young are cheaper, and the robots are cheaper. This cost is not just salary. The cost of healthcare, pension, and general overhead is high. As you made clear, the quality of the person is not what matters in many industries, only the cost. The standard of living in the US is adjusting downward and everybody is suffering. When the inflation being created by the Federal Reserve increases in ernest, our pain will increase again. On Jan 29, 2013, at 10:09 AM, James Bowery wrote: Garbage. I know lots of US engineers who have been out of work for years and are not being hired even though they are doing occasional contract work at what amounts to below minimum wage. These aren't just any old engineers. They include guys who built the Internet and have current skills. Clue: HP spent a half billion dollars on "Internet Chapter 2". Due to my long history with the Internet (chief architect of AT&T's foray into electronic newspapers with Knight-Rider 1982 as well as previously being on the PLATO system programming staff for CDC), they tried to get me in and I repeatedly declined because what they said they were doing made no sense and I knew exactly what was needed for "Internet Chapter 2" having, in my capacity with AT&T, worked directly with David P. Reed during the time he was authoring the "End to End Arguments" paper. I finally agreed to come on board if they would let me have a little corner of the project -- remember we're talking $500M of risk capital here -- the largest single lump-sum invested during the dotcom bubble and it was being invested by Silicon Valley's founding company. All I wanted was one guy:. A PhD with a specialty in a branch of relational mathematics who happened to have the unfortunate characteristic of being a US citizen. My request for this consultant was declined but I was offered all the H-1b visas from India I wanted. Literally. Guess what ethnicity was of the guy in charge of that project? The Fortune 500 is now taken over by India. On Tue, Jan 29, 2013 at 10:51 AM, Edmund Storms <stor...@ix.netcom.com<mailto:stor...@ix.netcom.com>> wrote: Not just sad but scary because such an apparent lack of education is revealed in the comments. We all agree that standards have been lowered for both high-school and college degrees. As a result, many graduates are qualified only for low skilled jobs. Consequently, a big push is now underway by companies that have high skilled jobs to open more visa opportunities for skilled people from other countries to work here. Naturally, these skilled people are cheaper to hire than the older skilled people who are already here, which provides the basic incentive. I fear how the growing number of uneducated people will vote in the future. The population is almost equally divided now between people who do not have a clue and people who still can understand what is happening. The future does not look good. On Jan 29, 2013, at 8:17 AM, Daniel Rocha wrote: It's funny and sad to see people in denial in the comments section. 2013/1/29 <fznidar...@aol.com<mailto:fznidar...@aol.com>> Unemployment dropping? http://jobs.aol.com/articles/2013/01/28/college-educated-over-qualified-study/?icid=maing-grid7%7Cmain5%7Cdl3%7Csec3_lnk2%26pLid%3D262707 -- Daniel Rocha - RJ danieldi...@gmail.com<mailto:danieldi...@gmail.com>
