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Forums - General - A $1,000 per month cash handout would grow the U.S economy by $2.5 trillion, new study says

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Pyro as Bill said:

I always thought Austrians were the only one's who understood economics.

Do you have any examples of technological progress destroying more jobs than it created? 

Technological progress does remove jobs but it's only a temporary problem and not a permanent one ... 



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Pyro as Bill said:
RolStoppable said:
Something like this has to happen at some point because the progress of automation is going to lead to fewer available jobs while the creation of new job opportunities isn't going to keep pace.

I always thought Austrians were the only one's who understood economics.

Do you have any examples of technological progress destroying more jobs than it created? 

When was the last time technology had the potential to destroy all more or less simple jobs and given more time, maybe even more complex jobs?



Our country needs to invest in it's interior, and reduce outsourcing.Our tax dollars need to actually start going somewhere besides making our politicians richer. We need to adopt DC electric motors on a more massive scale, to reduce our reliance on oil. So many things we could, would, and should do, but we probably never will until it's too late.



0331 Happiness is a belt-fed weapon

Zkuq said:
Pyro as Bill said:

I always thought Austrians were the only one's who understood economics.

Do you have any examples of technological progress destroying more jobs than it created? 

When was the last time technology had the potential to destroy all more or less simple jobs and given more time, maybe even more complex jobs?

Like washing clothes or cleaning dishes or milking cows?



Nov 2016 - NES outsells PS1 (JP)

Don't Play Stationary 4 ever. Switch!

DonFerrari said:

Brazil also got "unscathed" from 2008 crysis with lowered interest ratio and incetivized consumption... all that made we take the biggest recession ever after 6 years of that.

So debt isn't a good solution.

Brazil is an emerging economy... The financial crisis impacted emerging economies very differently, especially resource rich economies.
Also, Brazil entered into recession in 2009.
http://www.marketwatch.com/story/brazil-in-recession-but-recovery-likely-this-year

But then your economy jumped in growth the following year... Out of all the economies on Earth, Brazil's is certainly one of the more interesting cases in my opinion, I am interested to see where Brazil takes it's economy in the coming decades.

Not all debt is bad though, Australia took on debt, but nothing we couldn't afford... And a massive portion of that was invested into infrustucture which benefits absolutely everyone in the country, small business, big business, new business, consumers... Everyone. And that benefit lasts for years/decades.
We are still in a very enviable position in regards to debt to GDP as well.

Out of all the developed nations, Australia pretty much ended up unscathed, we learned allot during the Australian recession in the early 90's and made a ton of safegaurds to try and mitigate that in future... That meant during the Asian recession who were some of our main trading partners in the late 90's, the tech implosion in the early 2000's, the GFC in 2007, we have avoided it all.




www.youtube.com/@Pemalite

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Pyro as Bill said:
RolStoppable said:
Something like this has to happen at some point because the progress of automation is going to lead to fewer available jobs while the creation of new job opportunities isn't going to keep pace.

I always thought Austrians were the only one's who understood economics.

Do you have any examples of technological progress destroying more jobs than it created? 

Last I remember seeing the last decade had created more diversity in professions (like youtuber) than like the last 50 years or so...

And considering that even economies like brazil have more than 50% of jobs being services and that USA is even more, I have zero doubt that we will continue to create new professions than to close work posts.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."

Pemalite said:
DonFerrari said:

Brazil also got "unscathed" from 2008 crysis with lowered interest ratio and incetivized consumption... all that made we take the biggest recession ever after 6 years of that.

So debt isn't a good solution.

Brazil is an emerging economy... The financial crisis impacted emerging economies very differently, especially resource rich economies.
Also, Brazil entered into recession in 2009.
http://www.marketwatch.com/story/brazil-in-recession-but-recovery-likely-this-year

But then your economy jumped in growth the following year... Out of all the economies on Earth, Brazil's is certainly one of the more interesting cases in my opinion, I am interested to see where Brazil takes it's economy in the coming decades.

Not all debt is bad though, Australia took on debt, but nothing we couldn't afford... And a massive portion of that was invested into infrustucture which benefits absolutely everyone in the country, small business, big business, new business, consumers... Everyone. And that benefit lasts for years/decades.
We are still in a very enviable position in regards to debt to GDP as well.

Out of all the developed nations, Australia pretty much ended up unscathed, we learned allot during the Australian recession in the early 90's and made a ton of safegaurds to try and mitigate that in future... That meant during the Asian recession who were some of our main trading partners in the late 90's, the tech implosion in the early 2000's, the GFC in 2007, we have avoided it all.

I didn't say all debt is bad, I said it isn't a good solution. Government increasing debt or subsiding interest is the main cause for inflation and bubbles.

But yes, if you have to create debt it's better to be on infraestructure and ways to improve production and reduce cost...

Brazil debt was increased to improve consumption. And the population got into a lot of debt and government even more, so we basically rolled the crysis from 2008 to 2014 (yes we had "recession" in 2009, but no crysis). But the cost of the crysis rollout was an even bigger crysis later.

It is never a good idea to have the government dictate the economy.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."

anthony64641 said:

Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to anew study on universal basic income.

 

Velocity of money - Asher Edelman "Gordan Gekko"

 

Full interview with commentry 



Rab said:
anthony64641 said:

Giving every adult in the United States a $1,000 cash handout per month would grow the economy by $2.5 trillion by 2025, according to anew study on universal basic income.

Velocity of money - Asher Edelman "Gordan Gekko"

Do we have to remember those guys that bad spenders always return the money to the rich and smart people? Or that if you redistributed all the wealth in the world equally among all the over 7B people it would naturally get concentrated in few hands in few generations?



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Azzanation: "PS5 wouldn't sold out at launch without scalpers."

DonFerrari said:
Rab said:

Velocity of money - Asher Edelman "Gordan Gekko"

Do we have to remember those guys that bad spenders always return the money to the rich and smart people? Or that if you redistributed all the wealth in the world equally among all the over 7B people it would naturally get concentrated in few hands in few generations?

Yeah the Rich don’t actually loss anything, their business’s do better, social cohesion is better (so they get mugged less and feel safer), people are generally happier with more jobs and security

Check the full interview with commentry, it's eye opening https://www.youtube.com/watch?v=bdI1QHIX1Fo