Easy for you.
Economics Thread
- Thread starter sturg33
- Start date
Easy for you.
I think for the most part the STEM people go into STEM fields and aren't hurt by educators. Cream always rises to the top.
The people that are truly hurt by education system are the ones on the left side of the IQ bell curve.
That is a shame. For the most part I liked my pre-calc and Calc BC teachers in high school but it was just something I 'got' quickly. We also had a tremendous class (mostly Asians) that we fed off one another.
Although I enjoyed the Math I took in college past calculus its very abstract and loses its 'tangible' nature.
There is nothing like calculus (single and multivariable) to get you truly excited about the power of Math.
acesfull86
Well-known member
https://nypost.com/2022/07/29/delusional-democrats-subsidize-biz-in-one-bill-then-tax-it-in-another/
Congress this week offered a masterclass in the incoherence of government.
First, congressional Democrats (with the help of Senate Republicans) passed the “Chips and Science Act” that will provide up to $280 billion for semiconductor production as well as broader tax credits and subsidies for scientific initiatives. None of the bill was paid for.
...
The other level of incoherence is the contradictory provisions of the bills. The science bill is specifically designed to encourage business investment in semiconductors and other applied scientific research. Similarly, much of the reconciliation bill’s $385 billion in energy and climate provisions offer tax breaks to businesses that invest in clean energy and new technologies.
Yet the reconciliation bill is paid for in part by a 15% corporate minimum tax that specifically takes aim at business investment. A leading reason why some companies currently pay tax rates below 15% is because they can deduct capital investments, as well as benefit from tax credits for R&D and clean energy. These are not “loopholes” — they were specifically created by Congress to encourage business investment across industries. So Congress is going to create or expand corporate tax breaks for science, energy and climate — and then hit these companies with a minimum tax if they take advantage of those tax breaks.
Economist Donald Schneider estimates that the same S&P 500 semiconductor companies receiving assistance from the “Chips and Science Act” will have to turn around and pay $1.7 billion annually in new minimum taxes.
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And here's a memo suggesting the manufacturing industry would carry about half the burden of the new corporate tax. - Link
Not all that different from Trump's dopey trade war that fell disproportionally on farmers, prompting him to turn around and triple subsidies to the agriculture industry.
Congress this week offered a masterclass in the incoherence of government.
First, congressional Democrats (with the help of Senate Republicans) passed the “Chips and Science Act” that will provide up to $280 billion for semiconductor production as well as broader tax credits and subsidies for scientific initiatives. None of the bill was paid for.
...
The other level of incoherence is the contradictory provisions of the bills. The science bill is specifically designed to encourage business investment in semiconductors and other applied scientific research. Similarly, much of the reconciliation bill’s $385 billion in energy and climate provisions offer tax breaks to businesses that invest in clean energy and new technologies.
Yet the reconciliation bill is paid for in part by a 15% corporate minimum tax that specifically takes aim at business investment. A leading reason why some companies currently pay tax rates below 15% is because they can deduct capital investments, as well as benefit from tax credits for R&D and clean energy. These are not “loopholes” — they were specifically created by Congress to encourage business investment across industries. So Congress is going to create or expand corporate tax breaks for science, energy and climate — and then hit these companies with a minimum tax if they take advantage of those tax breaks.
Economist Donald Schneider estimates that the same S&P 500 semiconductor companies receiving assistance from the “Chips and Science Act” will have to turn around and pay $1.7 billion annually in new minimum taxes.
-----------
And here's a memo suggesting the manufacturing industry would carry about half the burden of the new corporate tax. - Link
Not all that different from Trump's dopey trade war that fell disproportionally on farmers, prompting him to turn around and triple subsidies to the agriculture industry.
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nsacpi
Expects Yuge Games
Am I right in reading from this table that the number of jobs (according to the table) has gone from 152.7 million in July 2021 to 158.3 million in July 2022. Am I getting something wrong or is that an increase of 5.6 million. Or almost 500,000 per month.
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That would be the novice way of interpreting data and coming to the conclusion that the economy has created jobs.
This guy gets it.
chop2chip
Well-known member
To an extent. You also have to look at job openings as well, which is still much higher than pre-Covid.
I think it’s fairly obvious that a lot of people left the workforce at the beginning of the pandemic that haven’t returned yet. Depends what conclusion you want to draw from that.
nsacpi
Expects Yuge Games
thread discussing the decline in participation rates...Furman claims that two-thirds of it is due to men...i think generally speaking men's labor force particpation rates have been declining for a long time and women's are rising...i'm surprised an expert and academic like Furman didn't take into account these longer term trends
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The job openings for manual/low skilled labor are garbage with no real future for the majority of people of the country. Its absolutely no wonder why people are electing to sit it out.
White collar laptop jobs are fantastic and have limitless opportunity if you know what you're doing.
White collar laptop jobs are fantastic and have limitless opportunity if you know what you're doing.
chop2chip
Well-known member
The gig economy exploded the last few years. How well does the BLS account for 1099 independent contractors?
chop2chip
Well-known member
There is an incredible need to fix education to identify low… err let’s call it “alternative” skilled people and train them to be electricians, plumbers, mechanics, truck drivers, etc. All of these are respectable jobs that pay well (if you are trained). Unfortunately, K-12 functions solely to send everyone to college. There is this thought that it’s better to be $100k deep in student debt than to be labeled a DROP OUT.
nsacpi
Expects Yuge Games
no...they are in the excess mortality numbers
Kids should be sorted starting as early as 12-13. You generally have a good idea who are the ones who can learn higher level concepts at an early age. Vocational schooling should be the norm for the majority of the population.
Hmm - Even in the areas that have high vax rates in the current day?
nsacpi
Expects Yuge Games
self employed are counted in the household survey (which is used to calculate the unemployment rate and labor force participation rate) but not in the establishment survey (which yields the non-farm payrolls numbers)
nsacpi
Expects Yuge Games
if you died in 2020 or 2021 you wouldn't be in the 2022 numbers...unless you died in West Virginia, which is still reporting deaths from prior years