| Pemalite said: Doesn't mean that more currency is going to be printed, that was your original argument. |
Doesn't mean more currency ISN'T going to be printed either with a higher minimum wage ...
| Pemalite said:
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'First world' doesn't ncessarily mean 'developed' and the bar for that is lower than you think ...
| Pemalite said: And yet. Millions still rely on dental care.
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America's need for dental care comes disporportionately from people older than 65 and immigrants from developing or industrialized nations. (People with less than stellar dental hygiene to begin with.)
My country doesn't offer free dental care and I never needed an appointment with the orthodontist more than 5 times in my entire lifetime and the vast majority of those appointments were at childhood like it's supposed to be ideally. You shouldn't need more than 3 appointments to the orthodontist in your entire lifetime and if you still do manage to get tooth decay despite maintaining good dental hygiene habits at the age of 65 you're expected to have some sort of savings ...
| Pemalite said: That is a fallacy. Population size has nothing to do with it, we are paying less per-person for healthcare than the USA, your system is extremely inefficient and results in inferior quality care, whilst being more expensive per capita. |
Actually population size DOES matter! The US only has 2.3 physcians for every thousand people whereas Australia is slightly above the OECD average of 3.1 physcians ...
This means that Australia has a 50% higher health service capacity and is able to more easily meet demands, the same can't be said in the US and the only one that breaks this trend is once again Japan ...
| Pemalite said: Australia is also battling obesity, diabetes, cardiovascular diseases etc'. But we tend to do a slightly better job at it. |
Yeah ...
Except diabetes is twice more likely to occur in americans than in australians so there's absolutely no comparison there ... (10% vs 5%)
The US paying twice as much as OECD countries is absolutely justified once we consider how high the chronic conditions rates are along with terminal care ...
| Pemalite said: Part of what makes an effective healthcare system is ironically... Education. Beating the problem before it becomes a problem. Our Government/Health System has done a ton of educational work about the effects of obesity, smoking, alcohol etc'. And that does actually have a flow-on effect. |
Educating the public is one thing but following through with the recommendations is another and that comes with big psychological changes. That means promising lower insurance premiums and promising rebates to those who are already healthy while shunning and increasing insurance premiums for the extremely unhealthy ...
| Pemalite said: Well. Even non-resource rich countries have a small amount of manufacturing, because importing some goods just isn't as feasible. Singapore for instance, even has to import water, has no natural resources, but is a big contributer to semiconductor manufacturing. |
Even Singapore does not want to import water from Malaysia as it wants water supply independence by at least 2061. Every country wants to strive for economic independence and the only reason every nation keeps playing the friendly diplomatic relations game is to gain access to a short term solution ...
The US doesn't want to be at the mercy of OPEC or the arab league so they've developed shale oil extraction technologies for the purpose of negotiating lower crude oil prices. China wants to transition to a consumption based economy while also maintaining leadership in being a net exporter so they're developing automation with the infrastructure investments to be able to keep a pricing advantage and they also want to develop their own semiconductor manufacturing sector so they don't have to deal America's national security tripes anymore ...
Don't need manufacturing (industrialization), resources, and farming (agriculture) to be successful ?! LOL, those 3 things are what made America the greatest nation in the world. Transitioning to a service economy without any other fallback is hardly feasible as we see with India. Industrialization serves as a buffer from the migration of rural poverty to developed urban centers. Developing the manufacturing sector is the only realistic way you can get a nation into developed status as we see with many first world countries and services are dependent on manufacturing like it or not ...
I personally think the age of industrial revolution is over as China will most likely be the last nation to experience mass scale industrial revolution and by then we'll experience a renaissance in automation in the next decade which will trivialize manufacturing and I also believe only nations with good infrastructure will be able to immediately take advantage of it ...
Increasing minimum wage sounds nice and all but how about we invest that profit into a future where income DOESN'T matter for living standards ?
#DeepLearning #Biotechnology #Automation (A trifecta for a self sufficient future 
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