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Joined 10 months ago
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Cake day: December 26th, 2023

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  • Startups need a lot of capital flowing in because they don’t turn a profit early on. Traditional smaller businesses usually don’t have this sort of funding because the reward is lower. With tech, there’s a strong chance that company could become public or could get bought out. Or it could stay private and eventually become profitable. Regardless, they need investments made so they can continue to operate to eventually deliver a valuable product that will possibly offer significant returns to the investors.

    The pandemic happened, which led to several outcomes. For one, a lot of boomers retired. Boomers were earning a lot of money. Then they stopped earning money and started dipping into their savings. This had a strong reaction. Capital became more scarce. Don’t believe me? Look at what banks are paying for 12-month CDs and the interest rates in savings accounts. It’s insanely high compared to two or three years ago.

    This trend likely won’t last forever. Gen Xers and millennials have been moving into vacated roles by the boomers and are now earning more than before. They’re able to generate excess capital that investors can use to fund startups. There’s no shortage of innovative ideas in the western world, but there is a shortage of capital.

    Not every county in the west is going to recover the same way. The boomer generation is the largest generation in history. Not every country kept having kids at a relatively similar pace. Typically, developing countries have much higher population growth. As countries industrialize, we see certain trends like both men and women joining the workforce and people moving to the cities for work. People generally have fewer kids with these trends as they are more focused on their careers and have less room to raise them. Nobody wants to raise a child in a one-bed apartment!

    The United States is one of the rare exceptions. With a trend of consistent domestic population growth and immigration, the U.S. has avoided the fallout from rapid industrialization. Because of that, we’re seeing some interesting trends:

    • Under Biden, the post-pandemic POTUS, the U.S. has entered a prolonged period of rapid onshoring of manufacturing jobs. The addition of factories, distribution centers, and more have been increasing exponentially.

    • Germany, Italy, South Korea, Japan, and other similar economies have seen the impacts of a shrinking younger population and a ballooning senior population. These nations will likely keep the design of their products onshore, but will send manufacturing offshore. The U.S. and Mexico are the biggest winners here, but Mexico is at a disadvantage compared to the U.S. due to a greater difficultly in maintaining infrastructure.

    • Emerging technologies make the production of goods in the U.S. more feasible. Advancements in AI, robotics, and renewable energy will make production in the U.S. more logical despite the higher wages its workers command because less workers will be needed, or other savings in the realm of security, stability, and access to transportation infrastructure offset that factor.

    There will not only be excess capital generation in the U.S., but there will also be excess capital flowing into the U.S. It’s also not to say that tech jobs will never recover outside of the U.S., but the reality is that we are in a capital shortage for a specific, acute reason. Less people of working age able to not only fill the vacated roles left by boomers, but also difficultly in paying the pensions and benefits offered to retirees. This will dry up even more capital in those particular nations.

    Tech jobs have always been finicky. That won’t change going forward. But if you’re in the U.S., there’s a strong chance you’ll see things bounce back quicker than they will in other countries.





  • Yeah I can agree with that. I hate Netanyahu. I don’t plan on defending him but Hamas raping and killing people would have exactly one type of reaction, and it’s the reaction they wanted. It wasn’t about protecting Gaza. They knew that their attack would destroy it. It was about Iran wanting to maximize chaos around the world. Not all Israeli people like Netanyahu. His approval ratings have never been lower. Of course, those that do approve of him would love to commit genocide upon the Palestinians, but those approval ratings are in single digits now.

    The invasion of Gaza will be temporary, and it’s anything more, Israel will be doing it alone with no external support.





  • It’s funny they’re still boycotting the NFL. They all supposedly finished boycotting it during the kneeling and BLM controversies that occurred years ago.

    They’re essentially opting out of all of the cultural ties they had to America at large. They only want to associate with their own cultists. Aside from the irony of them creating a safe space, they’re also creating a breeding ground for militants and extremists. It’s no surprise we had a guy chop his dad’s head off for being a government employee.


  • In my city, the county and a private non-profit put up millions of dollars to ensure a grocery store could operate on the city’s south side which is a food desert. It went bankrupt in 2 years. There’s this thing called a free market. I feel bad for them but this is reality. Not voting for Biden because he isn’t throwing billions of dollars to subsidize grocery stores so the other guy can put people in power who think slavery had its benefits is not just the dumbest fucking thing they can, but its incredibly dangerous for them. Good luck to them. They don’t know what the stakes are in November.