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October 07, 2011



I think that the pace of recalculation has been fine; the problem is that people can't keep pace with it. Many companies and industries would like to expand but can't find the people to do so. If they could find the expertise they needed, it seems very likely that they would create a bunch of second-order jobs, but since the first part doesn't happen, neither does the other. If we made it easier for highly-skilled/agile foreign workers to come to the US to fill those holes, then it would probably create a lot of jobs here.

I think the housing bubble had mostly to do with a mistaken recalculation of relative risk due to financial innovations that hadn't really been tested.

Nathan Smith

Good analysis. The irony is that foreign and domestic labor would probably be even more complementary now than they usually are, and yet we're at the most nativist place we've been in a generation as far as policy and public opinion are concerned. There's a certain justice in it: from a cosmic perspective, anyone who writes their congressman to demand deportations (i.e., "enforce the law") probably deserves to be evicted from their home. But it is sad that the nation shoots itself in the foot this way.

writing jobs

It is so egoistic to blame technologies, when we use them regularly

gray hair remedy

It's the people who makes crisis not the technology.

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