Five reasons the U.S. tech lead is in danger

[badbabysitter]

good attempt. first, we must correct the Clinton fantasy that every American has the right to own a home. This was and is a fantasy

we've been over this.. everyone has a right to own a home.. it's called life, liberty and the pursuit of happiness

just because everyone has a right to a home, doesnt mean everyone has to have a one

this is where you get confused.. you mix up rights and entitlements

a right is this.. you have the right to free speech

an entitlement is 96 billion dollars in corporate welfare

 

[NeverEndingMe]

we've been over this.. everyone has a right to own a home.. it's called life, liberty and the pursuit of happiness

just because everyone has a right to a home, doesnt mean everyone has to have a one

this is where you get confused.. you mix up rights and entitlements

a right is this.. you have the right to free speech

an entitlement is 96 billion dollars in corporate welfare

pretty sure we left off with you being wrong. home ownership isn't a right. it has nothing to do with liberty and the pursuit of happiness. if you can't afford a home, you can't own it.

home ownership was a Clinton fantasy and that led to the monster collapse with the credit swaps, derivatives, and the AIG mess

 

[HAL_9000]

pretty sure we left off with you being wrong. home ownership isn't a right. it has nothing to do with liberty and the pursuit of happiness. if you can't afford a home, you can't own it.

home ownership was a Clinton fantasy and that led to the monster collapse with the credit swaps, derivatives, and the AIG mess

One problem with your analysis.

In your scenario there will be millions of unoccupied homes. That WAS the problem. A glut of unsold/unoccupied housing units.

Solution? Relax lending regulations, come up with "non-standard" mortgage setups (ARMs and such), and get units filled.

You now advocate tighter Gov. regulations on mortgage lending. Which is fine, but it will invariably lead to massive real estate supply surpluses, which will in turn further deflate value.

 

[LadyAria]

The tech industry does not produce a large number of jobs with livable wages for ordinary Americans. A very few super nerdy dudes make billions and a few hundred thousand, maybe a million, mostly Indian and Chinese high end immigrants work in design, R & D, test, etc, (and much of this is increasingly outsourced), and that's about it. We don't even manufacture any of the chips or HW in the US. The tech industry is pretty much useless to the average American in need of a job.

Has been since around 1997-98 when they all priced themselves out of the job market and became too demanding. Why pay $120K when you can pay $40K for the same job?

 

[NeverEndingMe]

Has been since around 1997-98 when they all priced themselves out of the job market and became too demanding. Why pay $120K when you can pay $40K for the same job?

well, I don't fully agree with that. However, it is up to the employee to keep his or her skills up and American programmers mostly do the work of 3 programmers from India/Russian