People who lose their job need to take care of themselves. That's the only way it works. You can only make it easier on them and enable success.
Teaching kids real fincial literacy and how to leverage derivatives is an approach to solving this problem (most adults can't even grok a check book). Save while you can and preserve and multiply your wealth.
In the typical truck driver world they have zero market participation other than selling their labor and maybe a 401k stuck in money markets or bonds, no derivative strategy and zero clue on what saving for retirement entails or how the money is leveraged in retirement. They do understand that they plan on working until they die but that isn't likely to pan out either.
We have a <100 IQ population living in a 120 IQ world and have created a meat grinder with all these tech and tax laws. You shouldn't have to work for 40 years.
> People who lose their job need to take care of themselves.
This feels incredibly simplistic. Taxpayer dollars go into funding tons of research that has led to automation improvements. Why shouldn’t taxpayers get some sort of return on that investment? When the US government negotiates trade deals, the money the country “saves” could go anywhere, to anyone. Why does almost all of it go to companies and not taxpayers? If a company wants to offshore work, why do they get to keep all of the monetary difference for themselves, instead of paying a substantial portion back to the country? Privatize the profits, socialize the costs doesn’t have to be how we allow companies to operate.
“Help themselves” assumes that all the other factors are some sort of unchangeable natural laws, and not laws and regulations chosen. We could choose different rules that more directly returned gains to taxpayers, instead of vague trickle down type benefits.
> Taxpayer dollars go into funding tons of research that has led to automation improvements. Why shouldn’t taxpayers get some sort of return on that investment?
But I am getting return on my investments: shipping costs will go down and, as a result, the toilet paper I've ordered online will be 5c cheaper and arrive 2h faster.
>Teaching kids real fincial literacy and how to leverage derivatives
That was a very specific skill you named. What are you referring to though? Literally leveraging derivatives on that market or are you being metaphorical?
Teaching kids real fincial literacy and how to leverage derivatives is an approach to solving this problem (most adults can't even grok a check book). Save while you can and preserve and multiply your wealth.
In the typical truck driver world they have zero market participation other than selling their labor and maybe a 401k stuck in money markets or bonds, no derivative strategy and zero clue on what saving for retirement entails or how the money is leveraged in retirement. They do understand that they plan on working until they die but that isn't likely to pan out either.
We have a <100 IQ population living in a 120 IQ world and have created a meat grinder with all these tech and tax laws. You shouldn't have to work for 40 years.